Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations (Tables)

v3.22.1
Discontinued Operations (Tables)
 3 Months Ended
Mar. 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 included as part of discontinued operations in the condensed consolidated balance sheets as of March 31, 2022 and December 31, 2021 consisted of the following:

 

   

March 31,
2022

     December 31,
2021		  
   

(unaudited)

        
Accounts payable   $ 1,108,066     $ 1,108,066  
Accrued expenses     339,087       341,410  
Current liabilities of discontinued operations   $ 1,447,153     $ 1,449,476  

 

Major line items constituting loss from discontinued operations in the condensed consolidated statements of operations for the three months ended March 31, 2022 and 2021 consisted of the following:

 

    Three Months Ended  
    March 31, 2022     March 31, 2021  
    (unaudited)     (unaudited)  
Revenues from services**   $ -     $ 118,216  
Cost of services     -       390  
Gross profit     -       117,826  
Operating expenses     1,434       331,597  
Other expense     -       (12,895 )
Provision for income taxes     -       -  
Loss from discontinued operations   $ (1,434 )   $ (226,666 )

 

** Revenues from services in the three months ended March 31, 2021 includes related party revenue of $62,316.