| Schedule of Discontinued Operation of Balance Sheet and Operation Statement |
Carrying amounts of major classes of
assets and liabilities classified as held for sale and included as part of discontinued operations in the consolidated balance
sheets consisted of the following:
| |
|
June 30, 2017 |
|
|
December 31, 2016 |
|
| |
|
|
(unaudited) |
|
|
|
|
|
| Cash |
|
$ |
1,967 |
|
|
$ |
2,962 |
|
| Accounts receivable, net |
|
|
19,125 |
|
|
|
267,681 |
|
| Prepaid expenses and other current assets |
|
|
22,737 |
|
|
|
67,257 |
|
| Current assets classified as held for sale |
|
$ |
43,829 |
|
|
$ |
337,900 |
|
| |
|
|
|
|
|
|
|
|
| Property and equipment, net |
|
$ |
- |
|
|
$ |
53,012 |
|
| Deposits |
|
|
23,750 |
|
|
|
23,750 |
|
| Non-current assets classified as held for sale |
|
$ |
23,750 |
|
|
$ |
76,762 |
|
| |
|
|
|
|
|
|
|
|
| Accounts payable (includes related parties) |
|
$ |
351,541 |
|
|
$ |
422,864 |
|
| Accrued expenses |
|
|
1,121,913 |
|
|
|
1,253,117 |
|
| Income taxes payable |
|
|
151,806 |
|
|
|
151,806 |
|
| Current liabilities classified as held for sale |
|
$ |
1,625,260 |
|
|
$ |
1,827,787 |
|
| |
|
|
|
|
|
|
|
|
| Non-current liabilities classified as held for sale (derivative liabilities) |
|
$ |
- |
|
|
$ |
26,598 |
|
Major line items constituting loss from
discontinued operations in the consolidated statements of operations for the six months ended June 30, 2017 and 2016 consisted
of the following:
| |
|
June 30, 2017 |
|
|
June 30, 2016 |
|
| |
|
(unaudited) |
|
|
(unaudited) |
|
| Revenue from services |
|
$ |
223,104 |
|
|
$ |
906,325 |
|
| Cost of services |
|
|
769 |
|
|
|
131,400 |
|
| Gross Profit |
|
|
222,335 |
|
|
|
774,925 |
|
| Operating expenses |
|
|
905,655 |
|
|
|
2,804,094 |
|
| Allocated interest expense |
|
|
- |
|
|
|
11,706 |
|
| Loss from discontinued operations |
|
$ |
(683,320 |
) |
|
$ |
(2,040,875 |
) |
|