Annual report pursuant to Section 13 and 15(d)

Discontinued Operations (Tables)

v3.23.1
Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2022
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Discontinued Operation of Balance Sheet and Operation Statement

Carrying amounts of major classes of liabilities of EPIC and one other non-operating subsidiary included as part of discontinued operations in the consolidated balance sheets as of December 31, 2022 and 2021 consisted of the following:

 

   

December 31,

2022

    

December 31,

2021

  
             
Accounts payable   $ 1,115,066     $ 1,108,066  
Accrued expenses     341,046       341,410  
Current liabilities of discontinued operations   $ 1,456,112     $ 1,449,476  

 

Major line items constituting (loss) income from discontinued operations in the consolidated statements of operations for the years ended December 31, 2022 and 2021 consisted of the following:

 

Consolidated (Loss) Income from Discontinued Operations:

 

    2022     2021  
    Year Ended December 31,  
    2022     2021  
             
Revenue from services   $ -     $ 216,941  
Cost of services     -       2,396  
Gross profit     -       214,555  
Operating expenses     8,991       682,659  
Other (expense) income     (9,484 )     41,695  
Gain from sale     -       11,303,939  
Provision for income taxes     -       -  
(Loss) income from discontinued operations   $ (18,475 )   $ 10,877,530