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 condensed consolidated balance
sheets consisted of the following:
AMSG Assets and Liabilities:
|
|
June 30, 2020 |
|
|
December 31, 2019 |
|
|
|
(unaudited) |
|
|
|
|
Cash |
|
$ |
1,093 |
|
|
$ |
452 |
|
Accounts receivable, net |
|
|
- |
|
|
|
- |
|
Prepaid expenses and other current assets |
|
|
- |
|
|
|
- |
|
Current assets classified as held for sale |
|
$ |
1,093 |
|
|
$ |
452 |
|
|
|
|
|
|
|
|
|
|
Property and equipment, net |
|
$ |
- |
|
|
$ |
- |
|
Deposits |
|
|
- |
|
|
|
- |
|
Non-current assets classified as held for sale |
|
$ |
- |
|
|
$ |
- |
|
|
|
|
|
|
|
|
|
|
Accounts payable |
|
$ |
491,566 |
|
|
$ |
491,206 |
|
Accrued expenses |
|
|
544,410 |
|
|
|
565,943 |
|
Current portion of notes payable |
|
|
134,118 |
|
|
|
256,274 |
|
Current liabilities classified as held for sale |
|
$ |
1,170,094 |
|
|
$ |
1,313,423 |
|
HTS Assets and Liabilities:
|
|
June 30, 2020 |
|
|
December 31, 2019 |
|
|
|
(unaudited) |
|
|
|
|
Cash |
|
$ |
28,208 |
|
|
$ |
17,315 |
|
Accounts receivable, net |
|
|
177,144 |
|
|
|
482,472 |
|
Prepaid expenses and other current assets |
|
|
3,433 |
|
|
|
5,150 |
|
Current assets classified as held for sale |
|
$ |
208,785 |
|
|
$ |
504,937 |
|
|
|
|
|
|
|
|
|
|
Property and equipment, net |
|
$ |
2,140 |
|
|
$ |
3,354 |
|
Deposits |
|
|
- |
|
|
|
6,029 |
|
Non-current assets classified as held for sale |
|
$ |
2,140 |
|
|
$ |
9,383 |
|
|
|
|
|
|
|
|
|
|
Accounts payable |
|
$ |
355,375 |
|
|
$ |
668,895 |
|
Accrued expenses |
|
|
777,634 |
|
|
|
810,184 |
|
Current liabilities classified as held for sale |
|
$ |
1,133,009 |
|
|
$ |
1,479,079 |
|
Consolidated Discontinued Operations Assets
and Liabilities:
|
|
June 30, 2020 |
|
|
December 31, 2019 |
|
|
|
(unaudited) |
|
|
|
|
Cash |
|
$ |
29,301 |
|
|
$ |
17,767 |
|
Accounts receivable, net |
|
|
177,144 |
|
|
|
482,472 |
|
Prepaid expenses and other current assets |
|
|
3,433 |
|
|
|
5,150 |
|
Current assets classified as held for sale |
|
$ |
209,878 |
|
|
$ |
505,389 |
|
|
|
|
|
|
|
|
|
|
Property and equipment, net |
|
$ |
2,140 |
|
|
$ |
3,354 |
|
Deposits |
|
|
- |
|
|
|
6,029 |
|
Non-current assets classified as held for sale |
|
$ |
2,140 |
|
|
$ |
9,383 |
|
|
|
|
|
|
|
|
|
|
Accounts payable |
|
$ |
846,941 |
|
|
$ |
1,160,101 |
|
Accrued expenses |
|
|
1,322,044 |
|
|
|
1,376,127 |
|
Current portion of notes payable |
|
|
134,118 |
|
|
|
256,274 |
|
Current liabilities classified as held for sale |
|
$ |
2,303,103 |
|
|
$ |
2,792,502 |
|
Major line items constituting income (loss)
from discontinued operations in the unaudited condensed consolidated statements of operations for the three months ended June 30,
2020 and 2019 consisted of the following:
AMSG Income (Loss) from Discontinued Operations:
|
|
Three Months Ended |
|
|
|
June 30, 2020 |
|
|
June 30, 2019 |
|
|
|
(unaudited) |
|
|
(unaudited) |
|
Revenue from services |
|
$ |
- |
|
|
$ |
25,500 |
|
Cost of services |
|
|
- |
|
|
|
7,105 |
|
Gross profit |
|
|
- |
|
|
|
18,395 |
|
Operating expenses |
|
|
14,624 |
|
|
|
74,008 |
|
Other expense |
|
|
17,294 |
|
|
|
3,002 |
|
Provision for income taxes |
|
|
- |
|
|
|
- |
|
Loss from discontinued operations |
|
$ |
(31,918 |
) |
|
$ |
(58,615 |
) |
HTS Income (Loss) from Discontinued Operations:
|
|
Three Months Ended |
|
|
|
June 30, 2020 |
|
|
June 30, 2019 |
|
|
|
(unaudited) |
|
|
(unaudited) |
|
Revenue from services |
|
$ |
103,110 |
|
|
$ |
351,380 |
|
Cost of services |
|
|
2,212 |
|
|
|
31,304 |
|
Gross profit |
|
|
100,898 |
|
|
|
320,076 |
|
Operating expenses |
|
|
52,807 |
|
|
|
406,712 |
|
Other expense |
|
|
- |
|
|
|
- |
|
Provision for income taxes |
|
|
- |
|
|
|
- |
|
Income (loss) from discontinued operations |
|
$ |
48,091 |
|
|
$ |
(86,636 |
) |
Consolidated Income (Loss) from Discontinued Operations:
|
|
Three Months Ended |
|
|
|
June 30, 2020 |
|
|
June 30, 2019 |
|
|
|
(unaudited) |
|
|
(unaudited) |
|
Revenue from services |
|
$ |
103,110 |
|
|
$ |
376,880 |
|
Cost of services |
|
|
2,212 |
|
|
|
38,409 |
|
Gross profit |
|
|
100,898 |
|
|
|
338,471 |
|
Operating expenses |
|
|
67,431 |
|
|
|
480,720 |
|
Other expense |
|
|
17,294 |
|
|
|
3,002 |
|
Provision for income taxes |
|
|
- |
|
|
|
- |
|
Income (loss) from discontinued operations |
|
$ |
16,173 |
|
|
$ |
(145,251 |
) |
Major line items constituting income (loss)
from discontinued operations in the unaudited condensed consolidated statements of operations for the six months ended June 30,
2020 and 2019 consisted of the following:
AMSG Income (Loss) from Discontinued Operations:
|
|
Six Months Ended |
|
|
|
June 30, 2020 |
|
|
June 30, 2019 |
|
|
|
(unaudited) |
|
|
(unaudited) |
|
Revenue from services |
|
$ |
- |
|
|
$ |
48,482 |
|
Cost of services |
|
|
- |
|
|
|
23,760 |
|
Gross profit |
|
|
- |
|
|
|
24,722 |
|
Operating expenses |
|
|
15,587 |
|
|
|
176,618 |
|
Other expense |
|
|
23,591 |
|
|
|
28,962 |
|
Provision for income taxes |
|
|
- |
|
|
|
- |
|
Loss from discontinued operations |
|
$ |
(39,178 |
) |
|
$ |
(180,858 |
) |
HTS Income (Loss) from Discontinued Operations:
|
|
Six Months Ended |
|
|
|
June 30, 2020 |
|
|
June 30, 2019 |
|
|
|
(unaudited) |
|
|
(unaudited) |
|
Revenue from services |
|
$ |
262,178 |
|
|
$ |
471,469 |
|
Cost of services |
|
|
10,989 |
|
|
|
63,494 |
|
Gross profit |
|
|
251,189 |
|
|
|
407,975 |
|
Operating expenses |
|
|
235,613 |
|
|
|
880,977 |
|
Other expense |
|
|
- |
|
|
|
- |
|
Provision for income taxes |
|
|
- |
|
|
|
- |
|
Income (loss) from discontinued operations |
|
$ |
15,576 |
|
|
$ |
(473,002 |
) |
Consolidated Income (Loss) from Discontinued Operations:
|
|
Six Months Ended |
|
|
|
June 30, 2020 |
|
|
June 30, 2019 |
|
|
|
(unaudited) |
|
|
(unaudited) |
|
Revenue from services |
|
$ |
262,178 |
|
|
$ |
519,951 |
|
Cost of services |
|
|
10,989 |
|
|
|
87,254 |
|
Gross profit |
|
|
251,189 |
|
|
|
432,697 |
|
Operating expenses |
|
|
251,200 |
|
|
|
1,057,595 |
|
Other expense |
|
|
23,591 |
|
|
|
28,962 |
|
Provision for income taxes |
|
|
- |
|
|
|
- |
|
Loss from discontinued operations |
|
$ |
(23,602 |
) |
|
$ |
(653,860 |
) |
|