Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations (Tables)

v3.22.2.2
Discontinued Operations (Tables)
 9 Months Ended
Sep. 30, 2022
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operation of Balance Sheet and Operation Statement

Carrying amounts of major classes of liabilities included as part of discontinued operations in the condensed consolidated balance sheets as of September 30, 2022 (unaudited) and December 31, 2021 consisted of the following:

 

    September 30,
2022		     December 31,
2021		  
    (unaudited)        
Accounts payable   $ 1,108,066     $ 1,108,066  
Accrued expenses     339,696       341,410  
Current liabilities of discontinued operations   $ 1,447,762     $ 1,449,476  

 

Major line items constituting (loss) income from discontinued operations in the unaudited condensed consolidated statements of operations for the three and nine months ended September 30, 2022 and 2021 consisted of the following:

 

Consolidated (Loss) Income from Discontinued Operations:

 

   

Three Months Ended

September 30, 2022

    

Three Months Ended

September 30, 2021

    

Nine Months Ended

September 30, 2022

    

Nine Months Ended

September 30, 2021

  
    (unaudited)     (unaudited)     (unaudited)     (unaudited)  
Net revenues   $ -     $ -     $ -     $ 216,941  
Cost of revenues     -       -       -       2,386  
Operating expenses     (1,696 )     (31,388 )     (5,941 )     (677,539 )
Other (expense) income     -       -       (1,134 )     39,193  
Gain on sale     -       576,787       -       11,303,939  
Provision for income taxes     -       -       -       -  
(Loss) income from discontinued operations   $ (1,696 )   $ 545,399     $ (7,075 )   $ 10,880,148