We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Share Name | Share Symbol | Market | Type |
---|---|---|---|
Friendable Inc (CE) | USOTC:FDBL | OTCMarkets | Common Stock |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 0.0001 | 0.00 | 01:00:00 |
Nevada
|
|
98-0546715
|
(State
or other jurisdiction of incorporation)
|
|
(I.R.S.
Employer Identification No.)
|
Indicate
by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities
Exchange Act of 1934 during the preceding 12 months (or for such
shorter period that the registrant was required to file such
reports), and (2) has been subject to such filing requirements for
the past 90 days.
|
|
☒
Yes
☐
No
|
|
|
|
Indicate
by check mark whether the registrant has submitted electronically
and posted on its corporate Web site, if any, every Interactive
Data File required to be submitted and posted pursuant to Rule 405
of Regulation S-T (§232.405 of this chapter) during the
preceding 12 months (or for such shorter period that the registrant
was required to submit and post such files).
|
|
☒
Yes
☐
No
|
Large
accelerated filer
|
☐
|
|
Accelerated
filer
|
☐
|
Non-accelerated
filer
|
☐
|
(Do not
check if a smaller reporting company)
|
Smaller
reporting company
|
☒
|
|
|
|
Emerging
growth company
|
☐
|
Indicate
by check mark whether the registrant is a shell company (as defined
in Rule 12b-2 of the Exchange Act).
|
|
☐
Yes
☒
No
|
PART I
- FINANCIAL INFORMATION
|
3
|
|
|
ITEM 1.
FINANCIAL STATEMENTS
|
3
|
|
|
ITEM 2.
MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION
AND RESULTS OF OPERATIONS
|
20
|
|
|
ITEM 3.
QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET
RISK
|
25
|
|
|
ITEM 4.
CONTROLS AND PROCEDURES
|
25
|
|
|
PART II
- OTHER INFORMATION
|
26
|
|
|
ITEM 1.
LEGAL PROCEEDINGS
|
26
|
|
|
ITEM
1A. RISK FACTORS
|
26
|
|
|
ITEM 2.
UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF
PROCEEDS
|
26
|
|
|
ITEM 3.
DEFAULTS UPON SENIOR SECURITIES
|
26
|
|
|
ITEM 4.
MINE SAFETY DISCLOSURES
|
26
|
|
|
ITEM 5.
OTHER INFORMATION
|
27
|
|
|
ITEM 6.
EXHIBITS
|
2
7
|
|
|
SIGNATURES
|
28
|
|
|
|
|
|
Consolidated Balance Sheets as of March 31, 2019 and December 31,
2018
|
|
5
|
|
|
|
Consolidated Statements of Comprehensive Loss for the three months
ended March 31, 2019 and 2018
|
|
6
|
|
|
|
Consolidated Statements of Stockholders’ Deficiency for the
period from December 31, 2017 to March 31, 2019
|
|
7
|
|
|
|
Consolidated Statements of Cash Flows for the three months ended
March 31, 2019 and 2018
|
|
8
|
|
|
|
Notes to the Consolidated Financial Statements
|
|
9-19
|
|
Three
Months Ended March 31, 2019
|
Three
Months Ended March 31, 2018
|
|
$
|
$
|
REVENUES
|
1,005
|
3,081
|
|
|
|
OPERATING EXPENSES
|
|
|
Accretion
and interest expense (Note 9, 10)
|
132,652
|
867,561
|
App
hosting (Note 7)
|
15,000
|
139,455
|
Commissions
|
301
|
884
|
General
and administrative (Note 7)
|
196,542
|
217,938
|
Product
development (Note 7)
|
30,588
|
-
|
Sales
and marketing
|
6,211
|
490
|
|
|
|
|
|
|
TOTAL OPERATING
EXPENSES
|
381,294
|
1,226,328
|
|
|
|
LOSS FROM
OPERATIONS
|
(380,289
)
|
(1,223,247
)
|
|
|
|
OTHER EXPENSES
|
|
|
Loss
on investment (Note 11)
|
-
|
-
|
|
|
|
NET LOSS AND COMPREHENSIVE LOSS
|
(380,289
)
|
(1,223,247
)
|
|
|
|
BASIC LOSS PER SHARE
|
(0.00
)
|
(0.00
)
|
|
|
|
WEIGHTED AVERAGE NUMBER OF COMMON SHARES OUTSTANDING
|
5,553,310,369
|
5,317,254,813
|
|
|
Common # Stock
|
|
|
Common Stock Amount
|
|
|
Preferred #
|
|
|
Preferred Stock Amount
|
|
|
Additional Paid-in Capital
|
|
|
Common Stock Subscriptions
|
|
|
Deficit
|
|
|
Total
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Balance December 31, 2017
|
|
|
5,010,310,369
|
|
|
$
|
501,031
|
|
|
|
21,267
|
|
|
$
|
2
|
|
|
$
|
11,157,778
|
|
|
$
|
(4,500
|
)
|
|
$
|
(19,138,469
|
)
|
|
$
|
(7,484,158
|
)
|
Conversion
of convertible notes (Note 9)
|
543,000,000
|
54,300
|
—
|
—
|
6,000
|
—
|
—
|
60,300
|
|
|
|
|
|
|
|
|
|
Issuance
of convertible notes (net) (Note 9)
|
—
|
—
|
—
|
—
|
307,965
|
—
|
—
|
307,965
|
|
|
|
|
|
|
|
|
|
Net
loss for the year
|
—
|
—
|
—
|
—
|
—
|
—
|
(3,122,004
)
|
(3,122,004
)
|
|
|
|
|
|
|
|
|
|
Balance
December 31, 2018
|
5,553,310,369
|
$
555,331
|
21,267
|
$
2
|
$
11,471,743
|
$
(4,500
)
|
$
(22,260,473
)
|
$
(10,237,897
)
|
Common
stock subscriptions received
|
|
|
|
|
|
135,368
|
|
135,368
|
|
|
|
|
|||||
Debt
Forgiveness (Note 7, 11)
|
—
|
—
|
—
|
—
|
1,000,000
|
—
|
—
|
1,000,000
|
|
|
|
|
|
|
|
|
|
Net
loss for the periof
|
—
|
—
|
—
|
—
|
—
|
—
|
(380,289
)
|
(380,289
)
|
|
|
|
|
|
|
|
|
|
Balance
March 31, 2019
|
5,553,310,369
|
$
555,331
|
21,267
|
$
2
|
$
12,471,743
|
$
130,868
|
$
(22,640,762
)
|
$
(9,482,818
)
|
|
|
Weighted
Average
|
|
|
Exercise
|
|
Number
of Warrants
|
Price
$
|
Balance,
March 31, 2018
|
1,096,335,757
|
0.004
|
|
|
|
Balance,
March 31, 2019
|
1,096,335,757
|
0.004
|
|
|
|
|
Option
Price
|
|
Expiry
Date
|
Per
Share($)
|
Number
|
December
21, 2021
|
1,680
|
1,725
|
June
21, 2022
|
400
|
500
|
June
25, 2023
|
134
|
850
|
|
$
1,044
|
3,075
|
|
Number of Options
|
|
Weighted Average Exercise Price
|
|
Weighted- Average Remaining Contractual Term (years)
|
|
Aggregate Intrinsic Value
|
|
|
|
|
$
|
|
|
|
$
|
|
Outstanding and exercisable, December 31, 2017
|
3,075
|
|
1,044
|
|
6.57
|
|
-
|
|
Outstanding and exercisable, March 31, 2018
|
3,075
|
|
1,044
|
|
5.57
|
|
-
|
|
Outstanding and exercisable, March 31, 2019
|
3,075
|
|
1,044
|
|
4. 57
|
|
-
|
|
|
$
|
Employment
Agreements (1)
|
300,000
|
Conversion Feature
|
Issuance
|
Net Principal ($)
|
Discount ($)
|
Carrying Value ($)
|
Interest Rate
|
Maturity Date
|
||
a
|
)
|
2-Apr-13
|
5,054
|
-
|
5,054
|
0
|
%
|
2-Jan-14
|
d
|
)
|
5-Aug-15
|
474,900
|
-
|
474,900
|
7
|
%
|
5-Feb-17
|
d
|
)
|
5-Aug-15
|
18,750
|
-
|
18,750
|
7
|
%
|
5-Feb-17
|
c
|
)
|
17-Feb-15
|
102,135
|
-
|
102,135
|
8
|
%
|
17-Feb-16
|
b
|
)
|
17-Feb-15
|
5,000
|
-
|
5,000
|
8
|
%
|
17-Feb-16
|
b
|
)
|
27-Feb-15
|
37,500
|
-
|
37,500
|
8
|
%
|
27-Feb-16
|
b
|
)
|
19-Mar-15
|
53,551
|
-
|
53,551
|
8
|
%
|
19-Mar-16
|
b
|
)
|
19-Mar-15
|
8,000
|
-
|
8,000
|
8
|
%
|
19-Mar-16
|
b
|
)
|
11-May-15
|
50,000
|
-
|
50,000
|
8
|
%
|
11-May-16
|
b
|
)
|
2-Jun-15
|
29,500
|
-
|
29,500
|
8
|
%
|
2-Jun-16
|
b
|
)
|
2-Jun-15
|
45,966
|
-
|
45,966
|
8
|
%
|
2-Jun-16
|
b
|
)
|
2-Jun-15
|
10,000
|
-
|
10,000
|
8
|
%
|
2-Jun-16
|
b
|
)
|
2-Jun-15
|
58,540
|
-
|
58,540
|
8
|
%
|
2-Jun-16
|
b
|
)
|
2-Jun-15
|
35,408
|
-
|
35,408
|
8
|
%
|
2-Jun-16
|
b
|
)
|
2-Jun-15
|
20,758
|
-
|
20,758
|
8
|
%
|
2-Jun-16
|
c
|
)
|
11-Jun-15
|
50,000
|
-
|
50,000
|
8
|
%
|
27-Mar-16
|
b
|
)
|
19-Jun-15
|
30,464
|
-
|
30,464
|
8
|
%
|
19-Jun-16
|
b
|
)
|
19-Jun-15
|
30,000
|
-
|
30,000
|
8
|
%
|
19-Jun-16
|
b
|
)
|
19-Jun-15
|
35,408
|
-
|
35,408
|
8
|
%
|
19-Jun-16
|
b
|
)
|
24-Jun-15
|
37,500
|
-
|
37,500
|
8
|
%
|
27-Feb-16
|
b
|
)
|
24-Jun-15
|
35,000
|
-
|
35,000
|
8
|
%
|
12-Feb-16
|
b
|
)
|
24-Jun-15
|
37,500
|
-
|
37,500
|
8
|
%
|
12-Mar-16
|
b
|
)
|
7-Jul-15
|
75,000
|
-
|
75,000
|
8
|
%
|
7-Oct-15
|
b
|
)
|
1-Aug-15
|
17,408
|
-
|
17,408
|
8
|
%
|
4-Aug-16
|
b
|
)
|
1-Aug-15
|
30,000
|
-
|
30,000
|
8
|
%
|
1-Aug-16
|
b
|
)
|
1-Aug-15
|
35,408
|
-
|
35,408
|
8
|
%
|
1-Aug-16
|
b
|
)
|
21-Sep-15
|
64,744
|
-
|
64,744
|
8
|
%
|
21-Sep-16
|
b
|
)
|
3-May-16
|
50,000
|
-
|
50,000
|
8
|
%
|
3-May-17
|
b
|
)
|
3-May-16
|
50,000
|
-
|
50,000
|
8
|
%
|
11-May-16
|
b
|
)
|
3-May-16
|
29,500
|
-
|
29,500
|
8
|
%
|
2-Jun-16
|
b
|
)
|
3-May-16
|
45,965
|
-
|
45,965
|
8
|
%
|
2-Jun-16
|
b
|
)
|
24-May-16
|
61,571
|
-
|
61,571
|
8
|
%
|
24-May-17
|
b
|
)
|
24-May-16
|
30,464
|
-
|
30,464
|
8
|
%
|
19-Jun-16
|
b
|
)
|
26-May-16
|
157,500
|
-
|
157,500
|
8
|
%
|
26-May-17
|
b
|
)
|
15-Jun-16
|
5,000
|
-
|
5,000
|
8
|
%
|
15-Jun-17
|
d
|
)
|
3-Jun-16
|
160,000
|
-
|
160,000
|
7
|
%
|
8-Sep-17
|
d
|
)
|
3-Jun-16
|
4,000
|
-
|
4,000
|
7
|
%
|
8-Sep-17
|
d
|
)
|
15-Jun-16
|
50,000
|
-
|
50,000
|
7
|
%
|
8-Sep-17
|
d
|
)
|
15-Jun-16
|
1,250
|
-
|
1,250
|
7
|
%
|
8-Sep-17
|
d
|
)
|
17-May-16
|
100,000
|
-
|
100,000
|
7
|
%
|
8-Sep-17
|
d
|
)
|
17-May-16
|
2,500
|
-
|
2,500
|
7
|
%
|
8-Sep-17
|
d
|
)
|
20-May-16
|
110,000
|
-
|
110,000
|
7
|
%
|
8-Sep-17
|
d
|
)
|
20-May-16
|
2,750
|
-
|
2,750
|
7
|
%
|
8-Sep-17
|
d
|
)
|
27-Jan-16
|
250,000
|
-
|
250,000
|
7
|
%
|
27-Jul-17
|
d
|
)
|
8-Mar-16
|
110,000
|
-
|
110,000
|
7
|
%
|
8-Sep-17
|
d
|
)
|
27-Jan-16
|
18,750
|
-
|
18,750
|
7
|
%
|
27-Jul-17
|
d
|
)
|
8-Mar-16
|
5,000
|
-
|
5,000
|
7
|
%
|
8-Sep-17
|
d
|
)
|
8-Mar-16
|
90,000
|
-
|
90,000
|
8
|
%
|
8-Sep-17
|
b
|
)
|
8-Jul-16
|
50,000
|
-
|
50,000
|
7
|
%
|
8-Sep-17
|
b
|
)
|
4-Aug-16
|
110,000
|
-
|
110,000
|
7
|
%
|
8-Sep-17
|
d
|
)
|
15-Aug-16
|
157,000
|
-
|
157,000
|
7
|
%
|
8-Sep-17
|
d
|
)
|
12-Sep-16
|
83,000
|
-
|
83,000
|
7
|
%
|
8-Sep-17
|
d
|
)
|
8-Jul-16
|
1,250
|
-
|
1,250
|
7
|
%
|
8-Sep-17
|
d
|
)
|
4-Aug-16
|
2,750
|
-
|
2,750
|
7
|
%
|
8-Sep-17
|
d
|
)
|
15-Aug-16
|
3,925
|
-
|
3,925
|
7
|
%
|
8-Sep-17
|
d
|
)
|
12-Sep-16
|
2,075
|
-
|
2,075
|
7
|
%
|
8-Sep-17
|
d
|
)
|
4-Aug-16
|
110,000
|
-
|
110,000
|
8
|
%
|
4-Aug-17
|
b
|
)
|
15-Aug-16
|
157,500
|
-
|
157,500
|
8
|
%
|
15-Aug-17
|
b
|
)
|
8-Sep-16
|
80,000
|
-
|
80,000
|
8
|
%
|
8-Sep-17
|
b
|
)
|
11-Nov-16
|
80,000
|
-
|
80,000
|
8
|
%
|
11-Nov-17
|
b
|
)
|
5-Dec-16
|
88,000
|
-
|
88,000
|
8
|
%
|
5-Dec-17
|
b
|
)
|
9-Jan-17
|
84,000
|
-
|
84,000
|
8
|
%
|
6-Jan-18
|
b
|
)
|
13-Mar-17
|
32,000
|
-
|
32,000
|
8
|
%
|
13-Mar-18
|
c
|
)
|
2-Feb-17
|
90,198
|
-
|
90,198
|
8
|
%
|
2-Feb-18
|
c
|
)
|
15-Mar-17
|
96,000
|
-
|
96,000
|
8
|
%
|
15-Mar-18
|
d
|
)
|
7-Oct-16
|
465,000
|
-
|
465,000
|
7
|
%
|
7-Apr-18
|
d
|
)
|
7-Nov-16
|
295,000
|
-
|
295,000
|
7
|
%
|
7-May-18
|
d
|
)
|
12-Dec-16
|
295,000
|
-
|
295,000
|
7
|
%
|
12-Jun-18
|
d
|
)
|
18-Jan-17
|
295,000
|
-
|
295,000
|
7
|
%
|
7-Apr-18
|
b
|
)
|
7-Apr-17
|
25,000
|
-
|
25,000
|
8
|
%
|
7-Apr-18
|
b
|
)
|
3-May-17
|
27,000
|
-
|
27,000
|
8
|
%
|
3-May-18
|
c
|
)
|
5-May-17
|
30,000
|
-
|
30,000
|
8
|
%
|
5-May-18
|
b
|
)
|
2-Jun-17
|
27,000
|
-
|
27,000
|
8
|
%
|
2-Jun-18
|
s) d
|
)
|
21-Jul-17
|
790,965
|
-
|
790,965
|
10
|
%
|
21-Jul-18
|
s) d
|
)
|
14-Aug-18
|
30,000
|
-
|
30,000
|
10
|
%
|
31-Dec-18
|
s) d
|
)
|
21-Jul-17
|
24,000
|
-
|
24,000
|
10
|
%
|
21-Jul-18
|
|
|
|
|
|
|
|
|
|
|
|
|
6,299,407
|
-
|
6,299,407
|
|
|
|
|
Three
Months Ended March 31, 2019
|
Three
Months Ended March 31, 2018
|
|
$
|
$
|
REVENUES
|
1,005
|
3,081
|
|
|
|
OPERATING EXPENSES
|
|
|
Accretion
and interest expense (Note 10)
|
132,652
|
867,561
|
App
hosting (Note 8)
|
15,000
|
139,455
|
Commissions
|
301
|
884
|
General
and administrative (Note 8)
|
196,542
|
217,938
|
Product
development (Note 8)
|
30,588
|
-
|
Sales
and marketing
|
6,211
|
490
|
|
|
|
|
|
|
TOTAL OPERATING
EXPENSES
|
381,294
|
1,226,328
|
|
|
|
LOSS FROM
OPERATIONS
|
(380,289
)
|
(1,223,247
)
|
|
|
|
OTHER EXPENSES
|
|
|
Loss
on investment (Note 11)
|
-
|
-
|
|
|
|
NET LOSS AND COMPREHENSIVE LOSS
|
(380,289
)
|
(1,223,247
)
|
|
March 31, 2019
|
December 31, 2018
|
|
(unaudited)
|
(audited)
|
Current
Assets
|
$
1,786
|
$
25,646
|
Current
Liabilities
|
9,484,604
|
10,263,543
|
Working Capital
(Deficiency)
|
$
(9,482,818
)
|
$
(10,237,897
)
|
|
Three months
Ended
March 31,
2019
|
Three months
Ended
March 31,
2018
|
Net Cash Used in
Operating Activities
|
$
(159,620
)
|
$
(92,286
)
|
Net Cash Used in
Investing Activities
|
-
|
-
|
Net Cash Provided
by Financing Activities
|
135,368
|
207,000
|
Net Increase
(Decrease) in Cash
|
$
(24,252
)
|
114,714
|
Exhibit Number
|
Description
|
|
FRIENDABLE, INC.
|
|
|||
|
|
|
|
|
|
Date:
May 20, 2019
|
By:
|
/s/
Robert Rositano,
Jr.
|
|
|
|
|
|
Name:
Robert Rositano,
Jr.
|
|
|
|
|
|
Title:
CEO, Secretary, and Director (Principal Executive
Officer)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Date:
May 20, 2019
|
By:
|
/s/
Frank Garcia
|
|
|
|
|
|
Name:
Frank Garcia
|
|
|
|
|
|
Title:
Chief Financial Officer
(Principal
Financial Officer and Principal Accounting Officer)
|
|
|
|
|
|
|
|
|
|
1 Year Friendable (CE) Chart |
1 Month Friendable (CE) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions