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 condensed consolidated
balance sheets consisted of the following:
AMSG Assets and Liabilities:
|
|
March 31, 2018 |
|
|
December 31, 2017 |
|
|
|
(unaudited) |
|
|
(unaudited) |
|
Cash |
|
$ |
5,314 |
|
|
$ |
9,273 |
|
Accounts receivable, net |
|
|
576 |
|
|
|
19,022 |
|
Prepaid expenses and other current assets |
|
|
25,477 |
|
|
|
25,477 |
|
Current assets classified as held for sale |
|
$ |
31,367 |
|
|
$ |
53,772 |
|
|
|
|
|
|
|
|
|
|
Property and equipment, net |
|
$ |
- |
|
|
$ |
- |
|
Deposits |
|
|
- |
|
|
|
- |
|
Non-current assets classified as held for sale |
|
$ |
- |
|
|
$ |
- |
|
|
|
|
|
|
|
|
|
|
Accounts payable (includes related parties) |
|
$ |
674,425 |
|
|
$ |
671,561 |
|
Accrued expenses |
|
|
388,666 |
|
|
|
375,165 |
|
Current portion of notes payable |
|
|
228,421 |
|
|
|
249,589 |
|
Current liabilities classified as held for sale |
|
$ |
1,291,512 |
|
|
$ |
1,296,315 |
|
|
|
|
|
|
|
|
|
|
Non-current liabilities classified as held for sale |
|
$ |
- |
|
|
$ |
- |
|
HTS Assets and Liabilities:
|
|
March 31, 2018 |
|
|
December 31, 2017 |
|
|
|
(unaudited) |
|
|
(unaudited) |
|
Cash |
|
$ |
1,727 |
|
|
$ |
8,281 |
|
Accounts receivable, net |
|
|
166,774 |
|
|
|
160,715 |
|
Prepaid expenses and other current assets |
|
|
22,183 |
|
|
|
3,964 |
|
Current assets classified as held for sale |
|
$ |
190,684 |
|
|
$ |
172,960 |
|
|
|
|
|
|
|
|
|
|
Property and equipment, net |
|
$ |
15,883 |
|
|
$ |
21,078 |
|
Deposits |
|
|
6,029 |
|
|
|
7,756 |
|
Non-current assets classified as held for sale |
|
$ |
21,912 |
|
|
$ |
28,834 |
|
|
|
|
|
|
|
|
|
|
Accounts payable (includes related parties) |
|
$ |
500,235 |
|
|
$ |
407,404 |
|
Accrued expenses |
|
|
271,245 |
|
|
|
269,135 |
|
Current liabilities classified as held for sale |
|
$ |
771,480 |
|
|
$ |
676,539 |
|
|
|
|
|
|
|
|
|
|
Non-current liabilities classified as held for sale |
|
$ |
- |
|
|
$ |
- |
|
Consolidated Discontinued Operations Assets and Liabilities:
|
|
March 31, 2018 |
|
|
December 31, 2017 |
|
|
|
(unaudited) |
|
|
(unaudited) |
|
Cash |
|
$ |
7,041 |
|
|
$ |
17,554 |
|
Accounts receivable, net |
|
|
167,350 |
|
|
|
179,737 |
|
Prepaid expenses and other current assets |
|
|
47,660 |
|
|
|
29,441 |
|
Current assets classified as held for sale |
|
$ |
222,051 |
|
|
$ |
226,732 |
|
|
|
|
|
|
|
|
|
|
Property and equipment, net |
|
$ |
15,883 |
|
|
$ |
21,078 |
|
Deposits |
|
|
6,029 |
|
|
|
7,756 |
|
Non-current assets classified as held for sale |
|
$ |
21,912 |
|
|
$ |
28,834 |
|
|
|
|
|
|
|
|
|
|
Accounts payable (includes related parties) |
|
$ |
1,174,660 |
|
|
$ |
1,078,965 |
|
Accrued expenses |
|
|
659,911 |
|
|
|
644,300 |
|
Current portion of notes payable |
|
|
228,421 |
|
|
|
249,589 |
|
Current liabilities classified as held for sale |
|
$ |
2,062,992 |
|
|
$ |
1,972,854 |
|
|
|
|
|
|
|
|
|
|
Non-current liabilities classified as held for sale |
|
$ |
- |
|
|
$ |
- |
|
Major line items constituting loss from discontinued operations
in the consolidated statements of operations for the three months ended March 31, 2018 and 2017 consisted of the following:
AMSG Income (Loss) from Discontinued Operations:
|
|
Three Months Ended March 31, |
|
|
|
2018 |
|
|
2017 |
|
|
|
(unaudited) |
|
|
(unaudited) |
|
Revenue from services |
|
$ |
33,685 |
|
|
$ |
176,578 |
|
Cost of services |
|
|
16,138 |
|
|
|
769 |
|
Gross profit |
|
|
17,547 |
|
|
|
175,809 |
|
Operating expenses |
|
|
176,202 |
|
|
|
526,533 |
|
Other income/expenses |
|
|
(800,197 |
) |
|
|
(2,978 |
) |
Income/(Loss) from discontinued operations |
|
$ |
641,542 |
|
|
$ |
(347,746 |
) |
HTS Income (Loss) from Discontinued Operations:
|
|
Three Months Ended March 31, |
|
|
|
2018 |
|
|
2017 |
|
|
|
(unaudited) |
|
|
(unaudited) |
|
Revenue from services |
|
$ |
355,147 |
|
|
$ |
315,270 |
|
Cost of services |
|
|
34,218 |
|
|
|
46,704 |
|
Gross profit |
|
|
320,929 |
|
|
|
268,566 |
|
Operating expenses |
|
|
538,199 |
|
|
|
987,111 |
|
Other income/expenses |
|
|
2,478 |
|
|
|
- |
|
Income/(Loss) from discontinued operations |
|
$ |
(219,748 |
) |
|
$ |
(718,545 |
) |
Consolidated Income/(Loss) from Discontinued Operations:
|
|
Three Months Ended March 31, |
|
|
|
2018 |
|
|
2017 |
|
|
|
(unaudited) |
|
|
(unaudited) |
|
Revenue from services |
|
$ |
388,832 |
|
|
$ |
491,848 |
|
Cost of services |
|
|
50,356 |
|
|
|
47,473 |
|
Gross profit |
|
|
338,476 |
|
|
|
444,375 |
|
Operating expenses |
|
|
714,402 |
|
|
|
1,513,645 |
|
Other income (expenses) |
|
|
(797,719 |
) |
|
|
(2,978 |
) |
Income/(Loss) from discontinued operations |
|
$ |
421,793 |
|
|
$ |
(1,066,292 |
) |
|