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 & HTS Group Assets and Liabilities:
|
|
September 30, 2020 |
|
|
December 31, 2019 |
|
|
|
(unaudited) |
|
|
|
|
Cash |
|
$ |
9,066 |
|
|
$ |
17,767 |
|
Accounts receivable, net |
|
|
174,641 |
|
|
|
482,472 |
|
Prepaid expenses and other current assets |
|
|
2,575 |
|
|
|
5,150 |
|
Current assets classified as held for sale |
|
$ |
186,282 |
|
|
$ |
505,389 |
|
|
|
|
|
|
|
|
|
|
Property and equipment, net |
|
$ |
1,168 |
|
|
$ |
3,354 |
|
Deposits |
|
|
- |
|
|
|
6,029 |
|
Right-of-use assets |
|
|
- |
|
|
|
- |
|
Non-current assets classified as held for sale |
|
$ |
1,168 |
|
|
$ |
9,383 |
|
|
|
|
|
|
|
|
|
|
Accounts payable |
|
$ |
946,161 |
|
|
$ |
1,160,101 |
|
Accrued expenses |
|
|
1,286,326 |
|
|
|
1,376,127 |
|
Current portion of right-of-use operating lease obligations |
|
|
- |
|
|
|
- |
|
Current portion of notes payable |
|
|
238,018 |
|
|
|
256,274 |
|
Current liabilities classified as held for sale |
|
$ |
2,470,505 |
|
|
$ |
2,792,502 |
|
EPIC Reference Labs, Inc. Assets and Liabilities
|
|
September 30, 2020 |
|
|
December 31, 2019 |
|
|
|
(unaudited) |
|
|
|
|
Cash |
|
$ |
9,057 |
|
|
$ |
- |
|
Accounts receivable, net |
|
|
174,641 |
|
|
|
- |
|
Prepaid expenses and other current assets |
|
|
2,575 |
|
|
|
- |
|
Current assets classified as held for sale |
|
$ |
186,273 |
|
|
$ |
- |
|
|
|
|
|
|
|
|
|
|
Property and equipment, net |
|
$ |
- |
|
|
$ |
- |
|
Deposits |
|
|
100,014 |
|
|
|
100,014 |
|
Right-of-use assets |
|
|
122,898 |
|
|
|
185,842 |
|
Non-current assets classified as held for sale |
|
$ |
222,912 |
|
|
$ |
285,856 |
|
|
|
|
|
|
|
|
|
|
Accounts payable |
|
$ |
818,912 |
|
|
$ |
881,527 |
|
Accrued expenses |
|
|
283,368 |
|
|
|
338,662 |
|
Current portion of right-of-use operating lease obligations |
|
|
96,334 |
|
|
|
85,726 |
|
Current portion of notes payable |
|
|
- |
|
|
|
- |
|
Current liabilities classified as held for sale |
|
$ |
1,198,614 |
|
|
$ |
1,305,915 |
|
|
|
|
|
|
|
|
|
|
Right-of-use operating lease obligations |
|
|
26,564 |
|
|
|
100,116 |
|
Liabilities classified as held for sale |
|
$ |
26,564 |
|
|
$ |
100,116 |
|
Consolidated Discontinued Operations Assets and Liabilities:
|
|
September 30, 2020 |
|
|
December 31, 2019 |
|
|
|
(unaudited) |
|
|
|
|
Cash |
|
$ |
9,066 |
|
|
$ |
17,767 |
|
Accounts receivable, net |
|
|
174,641 |
|
|
|
482,472 |
|
Prepaid expenses and other current assets |
|
|
2,575 |
|
|
|
5,150 |
|
Current assets classified as held for sale |
|
$ |
186,282 |
|
|
$ |
505,389 |
|
|
|
|
|
|
|
|
|
|
Property and equipment, net |
|
$ |
1,168 |
|
|
$ |
3,354 |
|
Deposits |
|
|
100,014 |
|
|
|
106,043 |
|
Right-of-use assets |
|
|
122,898 |
|
|
|
185,842 |
|
Non-current assets classified as held for sale |
|
$ |
224,080 |
|
|
$ |
295,239 |
|
|
|
|
|
|
|
|
|
|
Accounts payable |
|
$ |
1,765,073 |
|
|
$ |
2,041,628 |
|
Accrued expenses |
|
|
1,569,694 |
|
|
|
1,714,789 |
|
Current portion of right-of-use operating lease obligations |
|
|
96,334 |
|
|
|
85,726 |
|
Current portion of notes payable |
|
|
238,018 |
|
|
|
256,274 |
|
Current liabilities classified as held for sale |
|
$ |
3,669,119 |
|
|
$ |
4,098,417 |
|
|
|
|
|
|
|
|
|
|
Right-of-use operating lease obligations |
|
|
26,564 |
|
|
|
100,116 |
|
Liabilities classified as held for sale |
|
$ |
26,564 |
|
|
$ |
100,116 |
|
Major line items constituting loss from discontinued
operations in the unaudited condensed consolidated statements of operations for the three months ended September 30, 2020 and 2019
consisted of the following:
AMSG & HTS Group Loss from Discontinued Operations:
|
|
Three Months Ended |
|
|
|
September 30, 2020 |
|
|
September 30, 2019 |
|
|
|
(unaudited) |
|
|
(unaudited) |
|
Revenue from services |
|
$ |
174,941 |
|
|
$ |
246,676 |
|
Cost of services |
|
|
390 |
|
|
|
26,012 |
|
Gross profit |
|
|
174,551 |
|
|
|
220,664 |
|
Operating expenses |
|
|
258,789 |
|
|
|
355,828 |
|
Other expense |
|
|
37,476 |
|
|
|
2,912 |
|
Provision for income taxes |
|
|
- |
|
|
|
- |
|
Loss from discontinued operations |
|
$ |
(121,714 |
) |
|
$ |
(138,076 |
) |
EPIC Reference Labs, Inc. Loss from Discontinued Operations
|
|
Three Months Ended |
|
|
|
September 30, 2020 |
|
|
September 30, 2019 |
|
|
|
(unaudited) |
|
|
(unaudited) |
|
Revenue from services (1) |
|
$ |
- |
|
|
$ |
(34,630 |
) |
Cost of services |
|
|
- |
|
|
|
|
|
Gross profit |
|
|
- |
|
|
|
(34,630 |
) |
Operating expenses |
|
|
41,360 |
|
|
|
89,102 |
|
Other expense |
|
|
3,106 |
|
|
|
- |
|
Provision for income taxes |
|
|
- |
|
|
|
- |
|
Loss from discontinued operations |
|
$ |
(41,360 |
) |
|
$ |
(123,732 |
) |
|
(1) |
The Company recorded bad debts in excess of gross revenues in the three months ended September 30, 2019. |
Consolidated Loss from Discontinued Operations:
|
|
Three Months Ended |
|
|
|
September 30, 2020 |
|
|
September 30, 2019 |
|
|
|
(unaudited) |
|
|
(unaudited) |
|
Revenue from services |
|
$ |
174,941 |
|
|
$ |
212,046 |
|
Cost of services |
|
|
390 |
|
|
|
26,012 |
|
Gross profit |
|
|
174,551 |
|
|
|
186,034 |
|
Operating expenses |
|
|
300,149 |
|
|
|
444,930 |
|
Other expense |
|
|
40,582 |
|
|
|
2,912 |
|
Provision for income taxes |
|
|
- |
|
|
|
- |
|
Loss from discontinued operations |
|
$ |
(166,180 |
) |
|
$ |
(261,808 |
) |
Major line items constituting loss from discontinued
operations in the unaudited condensed consolidated statements of operations for the nine months ended September 30, 2020 and 2019
consisted of the following:
AMSG & HTS Group Loss from Discontinued Operations:
|
|
Nine Months Ended |
|
|
|
September 30, 2020 |
|
|
September 30, 2019 |
|
|
|
(unaudited) |
|
|
(unaudited) |
|
Revenue from services |
|
$ |
437,119 |
|
|
$ |
766,627 |
|
Cost of services |
|
|
11,379 |
|
|
|
113,266 |
|
Gross profit |
|
|
425,740 |
|
|
|
653,361 |
|
Operating expenses |
|
|
509,989 |
|
|
|
1,413,423 |
|
Other expense |
|
|
61,067 |
|
|
|
31,874 |
|
Provision for income taxes |
|
|
- |
|
|
|
- |
|
Loss from discontinued operations |
|
$ |
(145,316 |
) |
|
$ |
(791,936 |
) |
EPIC Reference Labs, Inc. Loss from Discontinued Operations:
|
|
Nine Months Ended |
|
|
|
September 30, 2020 |
|
|
September 30, 2019 |
|
|
|
(unaudited) |
|
|
(unaudited) |
|
Revenue from services (1) |
|
$ |
441 |
|
|
$ |
(18,066 |
) |
Cost of services |
|
|
- |
|
|
|
3,982 |
|
Gross profit |
|
|
441 |
|
|
|
(22,048 |
) |
Operating expenses |
|
|
106,704 |
|
|
|
453,280 |
|
Other income |
|
|
(87,286 |
) |
|
|
(500 |
) |
Provision for income taxes |
|
|
- |
|
|
|
- |
|
Loss from discontinued operations |
|
$ |
(18,977 |
) |
|
$ |
(474,828 |
) |
|
(1) |
The Company recorded bad debts in excess of gross revenues in the nine months ended September 30, 2019. |
Consolidated Loss from Discontinued Operations:
|
|
Nine Months Ended |
|
|
|
September 30, 2020 |
|
|
September 30, 2019 |
|
|
|
(unaudited) |
|
|
(unaudited) |
|
Revenue from services |
|
$ |
437,560 |
|
|
$ |
748,561 |
|
Cost of services |
|
|
11,379 |
|
|
|
117,248 |
|
Gross profit |
|
|
426,181 |
|
|
|
631,313 |
|
Operating expenses |
|
|
616,693 |
|
|
|
1,866,703 |
|
Other expense (income) |
|
|
(26,219 |
) |
|
|
31,374 |
|
Provision for income taxes |
|
|
- |
|
|
|
- |
|
Loss from discontinued operations |
|
$ |
(164,293 |
) |
|
$ |
(1,266,764 |
) |
|