Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations

Discontinued Operations
3 Months Ended
Mar. 31, 2023
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations

Note 13 – Discontinued Operations


EPIC Reference Labs, Inc. and Other Non-Operating Subsidiaries


During the third quarter of 2020, the Company made a decision to sell EPIC and it made a decision to discontinue other non-operating subsidiaries, and as a result, EPIC’s operations and the other non-operating subsidiaries’ liabilities have been included in discontinued operations for all periods presented. The Company was unable to find a buyer for EPIC and, therefore, it has ceased all efforts to sell EPIC and closed down its operations.



Carrying amounts of major classes of liabilities of EPIC and the other non-operating subsidiaries included as part of discontinued operations in the condensed consolidated balance sheets as of March 31, 2023 (unaudited) and December 31, 2022 consisted of the following:



March 31,



December 31,


Accounts payable   $ 1,115,066     $ 1,115,066  
Accrued expenses     341,046       341,046  
Current liabilities of discontinued operations   $ 1,456,112     $ 1,456,112  


The loss from discontinued operations in the unaudited condensed consolidated statements of operations for the three months ended March 31, 2022 consisted of $1,434 of general and administrative expenses.