Innerscope Hearing Technologies Inc (INND)

[Magnum7419]

To validate my theory of dilution lets look at any changes in the O/S balance :

it appears 40 million shares added in the past 6 months IMHO


As of 7/1/2019 Bal : 161,826,469 verified

https://www.otcmarkets.com/stock/INND/security

As of March 31th 2019 : 149,588,383


As of Dec 2918 : 120,425,344



https://www.sec.gov/cgi-bin/viewer?action=view&cik=1609139&accession_number=0001554795-19-000157&xbrl_type=v#

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Revenues:

Revenues
$ 171,529 $ 27,281
Revenues, related party
15,000 28,696
Total revenues
186,529 55,977
Cost of sales

Cost of sales
82,364 24,781
Cost of sales, related
14,083
Total cost of sales
82,364 38,864
Gross profit
104,165 17,113
Operating Expenses:

Compensation and benefits (including stock- based fees of $14,084 (2019))
363,737 159,539
Advertising and promotion
167,784 25,321
Professional fees (including stock- based fees of $110,416 (2019) and $50,690 (2018))
137,394 115,487
Rent (including related party of $36,000 (2019 and 2018))
95,929 36,000
Investor relations
75,248 52,641
Other general and administrative
136,639 41,242
Total operating expenses
976,731 430,230
Loss from operations
(872,566) (413,116)
Other Expense:

Derivative expense
(577,838) (151,259)
Loss on investment in undivided interest in real estate
(1,040) (2,305)
Loss on debt extinguishment
(44,852)
Interest expense and finance charges
(506,742) (131,263)
Total other income (expense), net
(1,130,472) (284,827)
Net loss
$ (2,003,038) $ (697,943)
Basic and diluted loss per share
$ (0.01) $ (0.01)
Weighted average number of common shares outstanding Basic and diluted
134,411,801 61,631,452
https://www.sec.gov/cgi-bin/viewer?action=view&cik=1609139&accession_number=0001554795-19-000157&xbrl_type=v#