Schedule of Discontinued Operation of Balance Sheet and Operation Statement |
Carrying
amounts of major classes of assets and liabilities sold or included as part of discontinued operations in the consolidated balance sheets
as of June 30, 2021 and December 31, 2020 consisted of the following:
Schedule of Discontinued Operation of Balance Sheet and Operation Statement
HTS
and AMSG Assets and Liabilities:
|
|
June 30, 2021 |
|
|
December 31, 2020 |
|
|
|
|
(unaudited) |
|
|
|
|
|
Cash |
|
$ |
- |
|
|
$ |
31,294 |
|
Accounts receivable, net |
|
|
- |
|
|
|
151,363 |
|
Prepaid expenses and other current assets |
|
|
- |
|
|
|
1,717 |
|
Current assets classified as held for sale |
|
$ |
- |
|
|
$ |
184,374 |
|
|
|
|
|
|
|
|
|
|
Property and equipment, net |
|
$ |
- |
|
|
$ |
685 |
|
Deposits |
|
|
- |
|
|
|
- |
|
Right-of-use assets |
|
|
- |
|
|
|
- |
|
Non-current assets classified as held for sale |
|
$ |
- |
|
|
$ |
685 |
|
|
|
|
|
|
|
|
|
|
Accounts payable and checks issued in excess of bank balance |
|
$ |
- |
|
|
$ |
726,220 |
|
Accrued expenses |
|
|
- |
|
|
|
1,308,283 |
|
Current portion of right-of-use operating lease obligation |
|
|
- |
|
|
|
- |
|
Current portion of notes payable |
|
|
- |
|
|
|
168,751 |
|
Current liabilities classified as held for sale |
|
$ |
- |
|
|
$ |
2,203,254 |
|
|
|
|
|
|
|
|
|
|
Note payable |
|
$ |
- |
|
|
$ |
69,267 |
|
Right-of-use operating lease obligation |
|
|
- |
|
|
|
- |
|
Non-current liabilities classified as held for sale |
|
$ |
- |
|
|
$ |
69,267 |
|
EPIC
Reference Labs, Inc. and Other Subsidiaries Assets and Liabilities:
|
|
June
30, 2021 |
|
|
December
31, 2020 |
|
|
|
(unaudited) |
|
|
|
|
Cash |
|
$ |
- |
|
|
$ |
136 |
|
Accounts
receivable, net |
|
|
- |
|
|
|
- |
|
Prepaid
expenses and other current assets |
|
|
- |
|
|
|
- |
|
Current
assets classified as held for sale |
|
$ |
- |
|
|
$ |
136 |
|
|
|
|
|
|
|
|
|
|
Property
and equipment, net |
|
$ |
- |
|
|
$ |
- |
|
Deposits |
|
|
100,014 |
|
|
|
100,014 |
|
Right-of-use
assets |
|
|
52,284 |
|
|
|
100,116 |
|
Non-current
assets classified as held for sale |
|
$ |
152,298 |
|
|
$ |
200,130 |
|
|
|
|
|
|
|
|
|
|
Accounts
payable and checks in excess of bank balance |
|
$ |
1,144,088 |
|
|
$ |
1,185,158 |
|
Accrued
expenses |
|
|
336,410 |
|
|
|
334,667 |
|
Current
portion of right-of-use operating lease obligation |
|
|
52,284 |
|
|
|
91,166 |
|
Current
portion of notes payable |
|
|
- |
|
|
|
- |
|
Current
liabilities classified as held for sale |
|
$ |
1,532,782 |
|
|
$ |
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:
|
|
June 30, 2021 |
|
|
December 31, 2020 |
|
|
|
|
(unaudited) |
|
|
|
|
|
Cash |
|
$ |
- |
|
|
$ |
31,430 |
|
Accounts receivable, net |
|
|
- |
|
|
|
151,363 |
|
Prepaid expenses and other current assets |
|
|
- |
|
|
|
1,717 |
|
Current assets classified as held for sale |
|
$ |
- |
|
|
$ |
184,510 |
|
|
|
|
|
|
|
|
|
|
Property and equipment, net |
|
$ |
- |
|
|
$ |
685 |
|
Deposits |
|
|
100,014 |
|
|
|
100,014 |
|
Right-of-use assets |
|
|
52,284 |
|
|
|
100,116 |
|
Non-current assets classified as held for sale |
|
$ |
152,298 |
|
|
$ |
200,815 |
|
|
|
|
|
|
|
|
|
|
Accounts payable and checks issued in excess of bank balance |
|
$ |
1,144,088 |
|
|
$ |
1,911,378 |
|
Accrued expenses |
|
|
336,410 |
|
|
|
1,642,950 |
|
Current portion of right-of-use operating lease obligation |
|
|
52,284 |
|
|
|
91,166 |
|
Current portion of notes payable |
|
|
- |
|
|
|
168,751 |
|
Current liabilities classified as held for sale |
|
$ |
1,532,782 |
|
|
$ |
3,814,245 |
|
|
|
|
|
|
|
|
|
|
Note payable |
|
$ |
- |
|
|
$ |
69,267 |
|
Right-of-use operating lease obligation |
|
|
- |
|
|
|
8,950 |
|
Non-current liabilities classified as held for sale |
|
$ |
- |
|
|
$ |
78,217 |
|
Major
line items constituting income (loss) from discontinued operations in the consolidated statements of operations for the three
and six months ended June 30, 2021 and 2020 consisted of the following (unaudited):
HTS
and AMSG Income (Loss) from Discontinued Operations:
|
|
Three
Months Ended June 30, 2021 |
|
|
Three
Months
Ended June
30, 2020
|
|
|
Six
Months Ended June 30, 2021 |
|
|
Six
Months Ended June 30, 2020 |
|
Revenue from services |
|
$ |
98,725 |
|
|
$ |
103,110 |
|
|
$ |
216,941 |
|
|
$ |
262,177 |
|
Cost of services |
|
|
1,996 |
|
|
|
2,212 |
|
|
|
2,386 |
|
|
|
10,989 |
|
Gross profit |
|
|
96,729 |
|
|
|
100,898 |
|
|
|
214,555 |
|
|
|
251,188 |
|
Operating expenses |
|
|
(267,796 |
) |
|
|
(67,366 |
) |
|
|
(551,296 |
) |
|
|
(251,734 |
) |
Other income (expense) |
|
|
213 |
|
|
|
(25,500 |
) |
|
|
(9,577 |
) |
|
|
(51,431 |
) |
Gain on sale |
|
|
10,727,152 |
|
|
|
- |
|
|
|
10,727,152 |
|
|
|
- |
|
Provision for income taxes |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Income (loss) from discontinued operations |
|
$ |
10,556,298 |
|
|
$ |
8,032 |
|
|
$ |
10,380,834 |
|
|
$ |
(51,977 |
) |
EPIC
Reference Labs, Inc. and Other Subsidiaries (Loss) Income from Discontinued Operations:
|
|
Three
Months Ended June 30, 2021 |
|
|
Three
Months
Ended June
30, 2020
|
|
|
Six
Months Ended June 30, 2021 |
|
|
Six
Months Ended June 30, 2020 |
|
Revenue from services |
|
$ |
- |
|
|
$ |
- |
|
|
$ |
- |
|
|
$ |
442 |
|
Cost of services |
|
|
- |
|
|
|
110,257 |
|
|
|
- |
|
|
|
- |
|
Gross profit |
|
|
- |
|
|
|
(110,257 |
) |
|
|
- |
|
|
|
442 |
|
Operating expenses |
|
|
(46,759 |
) |
|
|
(22,537 |
) |
|
|
(94,856 |
) |
|
|
(51,653 |
) |
Other income (expense) |
|
|
51,876 |
|
|
|
93,035 |
|
|
|
48,771 |
|
|
|
90,392 |
|
Gain on sale |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Provision for income taxes |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Income (loss) from discontinued operations |
|
$ |
5,117 |
|
|
$ |
(39,759 |
) |
|
$ |
(46,085 |
) |
|
$ |
39,181 |
|
Consolidated (Loss) Income from Discontinued Operations:
|
|
Three
Months Ended June 30, 2021 |
|
|
Three
Months
Ended June
30, 2020
|
|
|
Six
Months Ended June 30, 2021 |
|
|
Six
Months Ended June 30, 2020 |
|
Revenue from services |
|
$ |
98,725 |
|
|
$ |
103,110 |
|
|
$ |
216,941 |
|
|
$ |
262,619 |
|
Cost of services |
|
|
1,996 |
|
|
|
112,469 |
|
|
|
2,386 |
|
|
|
10,989 |
|
Gross profit |
|
|
96,729 |
|
|
|
(9,359 |
) |
|
|
214,555 |
|
|
|
251,630 |
|
Operating expenses |
|
|
(314,555 |
) |
|
|
(89,903 |
) |
|
|
(646,152 |
) |
|
|
(303,387 |
) |
Other income (expense) |
|
|
52,089 |
|
|
|
67,535 |
|
|
|
39,194 |
|
|
|
38,961 |
|
Gain on sale |
|
|
10,727,152 |
|
|
|
- |
|
|
|
10,727,152 |
|
|
|
- |
|
Provision for income taxes |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
Income (loss) from discontinued operations |
|
$ |
10,561,415 |
|
|
$ |
(31,727 |
) |
|
$ |
10,334,749 |
|
|
$ |
(12,796 |
) |
|