VIASPACE Inc.

CIK:0001270200|SEC Filings

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
Income Statement [Abstract]
REVENUES	$ 50,000	$ 15,000
REVENUES, RELATED PARTY	25,000	0
TOTAL REVENUES	75,000	15,000
COST OF REVENUES	38,000	7,000
GROSS PROFIT	37,000	8,000
OPERATING EXPENSES
Operations	6,000	16,000
Selling, general and administrative	128,000	32,000
Total operating expenses	134,000	48,000
LOSS FROM OPERATIONS	(97,000)	(40,000)
OTHER EXPENSE
Interest expense	(3,000)	(28,000)
Other Expense, net	(1,577,000)	(3,000)
Total Other Expense	(1,580,000)	(31,000)
LOSS BEFORE INCOME TAXES	(1,677,000)	(71,000)
INCOME TAXES	0	0
NET LOSS	$ (1,677,000)	$ (71,000)
LOSS PER SHARE OF COMMON STOCK – Basic and diluted	$ 0.00	$ 0.00
WEIGHTED AVERAGE SHARES OUTSTANDING – Basic and diluted	4,178,685,161	3,485,613,929

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)	3 Months Ended
	Mar. 31, 2019	Mar. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (1,677,000)	$ (71,000)
Adjustments to reconcile net loss to net cash used in operating activities:
Stock option and stock compensation	54,000
Stock issued for consulting expense	1,000	1,000
Amortization of discounts on notes payable, related party	2,000	28,000
Loss on Acquisition of a Business	1,581,000
(Increase) decrease in operating assets:
Accounts receivable	(1,000)
Accounts receivable - Related Party	2,000
Inventory	19,000
Prepaid expenses and other assets	(4,000)	(1,000)
Increase (decrease) in operating liabilities:
Accounts payable	(10,000)	5,000
Accounts Payable - Related Party	(7,000)	3,000
Unearned Revenue	56,000
Accrued Expenses	6,000
Net cash used in operating activities	22,000	(32,000)
CASH FLOWS FROM INVESTING ACTIVITIES:
Notes Receivable - Related Party	(15,000)
Net cash provided by (used in) investing activities:	(15,000)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from convertible notes payable- related party	2,000	28,000
Net cash provided by financing activities	2,000	28,000
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	9,000	(4,000)
CASH AND CASH EQUIVALENTS, Beginning of period	5,000	4,000
CASH AND CASH EQUIVALENTS, End of period	$ 14,000
AEG [Member]
Adjustments to reconcile net loss to net cash used in operating activities:
Loss (Gain) on minority investment		$ 3,000

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)	Mar. 31, 2019	Dec. 31, 2018
CURRENT ASSETS:
Cash and cash equivalents	$ 14,000	$ 5,000
Accounts Receivable	22,000
Accounts Receivable - Related Parties		2,000
Inventory	341,000
Prepaid expenses	15,000	11,000
TOTAL CURRENT ASSETS	392,000	18,000
OTHER ASSETS:
Note Receivable - Related Parties	15,000
Other assets	1,000	1,000
TOTAL OTHER ASSETS	16,000	1,000
TOTAL ASSETS	408,000	19,000
CURRENT LIABILITIES:
Accounts payable	145,000	89,000
Accounts Payable - Related Party	26,000	33,000
Accrued expenses	58,000	18,000
Unearned revenue	111,000	55,000
Related party payables	749,000	749,000
TOTAL CURRENT LIABILITIES	1,089,000	944,000
COMMITMENTS AND CONTINGENCIES (Note 10)
SHAREHOLDERS’ DEFICIT:
Preferred stock, $0.0001 par value in 2019 and 2018, 10,000,000 shares authorized, one share of Series A preferred stock issued and outstanding as of March 31, 2019 and December 31, 2018	0	0
Common stock, $0.0001 par value in 2019 and 2018, 8,000,000,000 shares authorized, 4,732,073,007 shares issued and 4,632,073,007 shares outstanding as of March 31, 2019, and 3,926,744,551 shares issued and 3,826,744,551 shares outstanding as of December 31, 2018	463,000	383,000
Additional paid in capital	55,624,000	53,783,000
Accumulated deficit	(56,768,000)	(55,091,000)
Total shareholders’ deficit	(681,000)	(925,000)
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT	$ 408,000	$ 19,000