ONE WORLD HOLDINGS, INC.
CIK:0001017616|SEC Filings
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2016 |
Jun. 30, 2015 |
Jun. 30, 2016 |
Jun. 30, 2015 |
|
| Income Statement | ||||
| Sales | $ 3,424 | $ 833 | $ 60,092 | $ 1,572 |
| Cost of sales | 6,827 | 836 | 26,669 | 1,904 |
| Gross margin (deficit) | (3,403) | (3) | 33,423 | (332) |
| Operating expenses: | ||||
| Selling, general and administrative | 503,710 | 451,550 | 995,761 | 943,373 |
| Research and development | 4,210 | 3,981 | 21,432 | 6,393 |
| Depreciation | 4,425 | 3,500 | 8,850 | 7,000 |
| Total operating expenses | 512,345 | 459,031 | 1,026,043 | 956,766 |
| Loss from operations | (515,748) | (459,034) | (992,620) | (957,098) |
| Other income (expense): | ||||
| Interest expense | (712,795) | (451,566) | (1,477,282) | (1,118,515) |
| Gain (loss) on derivative liability | 2,828,704 | (7,126,383) | 6,694,891 | (17,068,588) |
| Gain on debt payable in shares | 222,416 | 577,265 | 0 | |
| Gain (loss) on debt settlement | 1,951 | 31,616 | (13,169) | 11,855 |
| Total other income (expense) | 2,340,276 | (7,546,333) | 5,781,705 | (18,175,248) |
| Income (loss) before income taxes | 1,824,528 | (8,005,367) | 4,789,085 | (19,132,346) |
| Provision for income taxes | ||||
| Net income (loss) | $ 1,824,528 | $ (8,005,367) | $ 4,789,085 | $ (19,132,346) |
| Net income (loss) per common share: | ||||
| Basic | $ 0.00 | $ (0.03) | $ 0.01 | $ (0.08) |
| Diluted | $ 0.00 | $ (0.03) | $ 0.00 | $ (0.08) |
| Weighted average number of common shares outstanding: | ||||
| Basic | 460,164,835 | 279,277,078 | 448,365,845 | 253,103,538 |
| Diluted | 1,656,720,994 | 279,277,078 | 1,346,154,565 | 253,103,538 |