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 as of March 31, 2021 and
December 31, 2020 consisted of the following:
AMSG & HTS Group Assets and Liabilities:
|
|
March 31, 2021 |
|
|
December 31, 2020 |
|
|
|
(unaudited) |
|
|
|
|
Cash |
|
$ |
6,887 |
|
|
$ |
31,294 |
|
Accounts receivable, net |
|
|
138,466 |
|
|
|
151,363 |
|
Prepaid expenses and other current assets |
|
|
858 |
|
|
|
1,717 |
|
Current assets classified as held for sale |
|
$ |
146,211 |
|
|
$ |
184,374 |
|
|
|
|
|
|
|
|
|
|
Property and equipment, net |
|
$ |
948 |
|
|
$ |
685 |
|
Deposits |
|
|
- |
|
|
|
- |
|
Right of use assets |
|
|
- |
|
|
|
- |
|
Non-current assets classified as held for sale |
|
$ |
948 |
|
|
$ |
685 |
|
|
|
|
|
|
|
|
|
|
Accounts payable and checks issued in excess of bank balance |
|
$ |
711,305 |
|
|
$ |
726,220 |
|
Accrued expenses |
|
|
1,311,146 |
|
|
|
1,308,283 |
|
Current portion of right-of-use operating lease obligation |
|
|
- |
|
|
|
- |
|
Current portion of notes payable |
|
|
216,269 |
|
|
|
168,751 |
|
Current liabilities classified as held for sale |
|
$ |
2,238,720 |
|
|
$ |
2,203,254 |
|
|
|
|
|
|
|
|
|
|
Note payable |
|
$ |
82,151 |
|
|
$ |
69,267 |
|
Right-of-use operating lease obligation |
|
|
- |
|
|
|
- |
|
Non-current liabilities classified as held for sale |
|
$ |
82,151 |
|
|
$ |
69,267 |
|
EPIC Reference Labs, Inc. and Other Subsidiaries Assets and Liabilities
|
|
March 31, 2021 |
|
|
December 31, 2020 |
|
|
|
(unaudited) |
|
|
|
|
Cash |
|
$ |
1,596 |
|
|
$ |
136 |
|
Accounts receivable, net |
|
|
- |
|
|
|
- |
|
Prepaid expenses and other current assets |
|
|
- |
|
|
|
- |
|
Current assets classified as held for sale |
|
$ |
1,596 |
|
|
$ |
136 |
|
|
|
|
|
|
|
|
|
|
Property and equipment, net |
|
$ |
- |
|
|
$ |
- |
|
Deposits |
|
|
100,014 |
|
|
|
100,014 |
|
Right-of-use assets |
|
|
76,587 |
|
|
|
100,116 |
|
Non-current assets classified as held for sale |
|
$ |
176,601 |
|
|
$ |
200,130 |
|
|
|
|
|
|
|
|
|
|
Accounts payable and checks in excess of bank balance |
|
$ |
1,193,766 |
|
|
$ |
1,185,158 |
|
Accrued expenses |
|
|
334,882 |
|
|
|
334,667 |
|
Current portion of right-of-use operating lease obligation |
|
|
76,587 |
|
|
|
91,166 |
|
Current portion of notes payable |
|
|
- |
|
|
|
- |
|
Current liabilities classified as held for sale |
|
$ |
1,605,235 |
|
|
$ |
1,610,991 |
|
|
|
|
|
|
|
|
|
|
Note payable |
|
$ |
- |
|
|
$ |
- |
|
Right-of-use operating lease obligation |
|
|
- |
|
|
|
8,950 |
|
Non-current liabilities classified as held for sale |
|
$ |
- |
|
|
$ |
8,950 |
|
Consolidated Discontinued Operations Assets and
Liabilities:
|
|
March 31, 2021 |
|
|
December 31, 2020 |
|
|
|
(unaudited) |
|
|
|
|
Cash |
|
$ |
8,483 |
|
|
$ |
31,430 |
|
Accounts receivable, net |
|
|
138,466 |
|
|
|
151,363 |
|
Prepaid expenses and other current assets |
|
|
858 |
|
|
|
1,717 |
|
Current assets classified as held for sale |
|
$ |
147,807 |
|
|
$ |
184,510 |
|
|
|
|
|
|
|
|
|
|
Property and equipment, net |
|
$ |
948 |
|
|
$ |
685 |
|
Deposits |
|
|
100,014 |
|
|
|
100,014 |
|
Right-of-use assets |
|
|
76,587 |
|
|
|
100,116 |
|
Non-current assets classified as held for sale |
|
$ |
177,549 |
|
|
$ |
200,815 |
|
|
|
|
|
|
|
|
|
|
Accounts payable and checks issued in excess of bank balance |
|
$ |
1,905,071 |
|
|
$ |
1,911,378 |
|
Accrued expenses |
|
|
1,646,028 |
|
|
|
1,642,950 |
|
Current portion of right-of-use operating lease obligation |
|
|
76,587 |
|
|
|
91,166 |
|
Current portion of notes payable |
|
|
216,269 |
|
|
|
168,751 |
|
Current liabilities classified as held for sale |
|
$ |
3,843,955 |
|
|
$ |
3,814,245 |
|
|
|
|
|
|
|
|
|
|
Note payable |
|
$ |
82,151 |
|
|
$ |
69,267 |
|
Right-of-use operating lease obligation |
|
|
- |
|
|
|
8,950 |
|
Non-current liabilities classified as held for sale |
|
$ |
82,151 |
|
|
$ |
78,217 |
|
Major line items constituting (loss) income from discontinued
operations in the consolidated statements of operations for the three months ended March 31, 2021 and 2020 consisted of the following
(unaudited):
AMSG & HTS Group (Loss) Income from Discontinued
Operations:
|
|
Three Months Ended |
|
|
|
March 31, 2021 |
|
|
March 31, 2020 |
|
|
|
|
|
|
|
|
Revenue from services** |
|
$ |
118,216 |
|
|
$ |
159,067 |
|
Cost (recovery) of services |
|
|
390 |
|
|
|
8,777 |
|
Gross profit |
|
|
117,826 |
|
|
|
150,290 |
|
Operating expenses |
|
|
283,500 |
|
|
|
184,368 |
|
Other expense |
|
|
9,790 |
|
|
|
25,931 |
|
Provision for income taxes |
|
|
- |
|
|
|
- |
|
(Loss) income from discontinued operations |
|
$ |
(175,464 |
) |
|
$ |
(60,009 |
) |
**Revenue from services, includes related party revenue
of $62,316 and $23,400, respectively.
EPIC Reference Labs, Inc. and Other Subsidiaries (Loss) Income from
Discontinued Operations
|
|
Three Months Ended |
|
|
|
March 31, 2021 |
|
|
March 31, 2020 |
|
|
|
|
|
|
|
|
Revenue from services |
|
$ |
- |
|
|
$ |
442 |
|
Cost (recovery) of services (1) |
|
|
- |
|
|
|
(110,257 |
) |
Gross profit |
|
|
- |
|
|
|
110,699 |
|
Operating expenses |
|
|
48,097 |
|
|
|
29,116 |
|
Other expense |
|
|
3,105 |
|
|
|
2,643 |
|
Provision for income taxes |
|
|
- |
|
|
|
- |
|
(Loss) income from discontinued operations |
|
$ |
(51,202 |
) |
|
$ |
78,940 |
|
Consolidated (Loss) Income from Discontinued Operations:
|
|
Three Months Ended |
|
|
|
March 31, 2021 |
|
|
March 31, 2020 |
|
|
|
|
|
|
|
|
Revenue from services |
|
$ |
118,216 |
|
|
$ |
159,509 |
|
Cost (recovery) of services (1) |
|
|
390 |
|
|
|
(101,480 |
) |
Gross profit |
|
|
117,826 |
|
|
|
260,989 |
|
Operating expenses |
|
|
331,597 |
|
|
|
213,484 |
|
Other expense |
|
|
12,895 |
|
|
|
28,574 |
|
Provision for income taxes |
|
|
- |
|
|
|
- |
|
(Loss) income from discontinued operations |
|
$ |
(226,666 |
) |
|
$ |
18,931 |
|
|
(1) |
Costs (recovery) of services in 2020 reflect a reduction of $130,000 in the amount previously recorded for laboratory supplies due to the settlement of a claim during the period. |
|