Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations (Tables)

v3.22.2.2
Discontinued Operations (Tables)
 6 Months Ended
Jun. 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 June 30, 2022 and December 31, 2021 consisted of the following:

 

    June 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 six months ended June 30, 2022 and 2021 consisted of the following:

 

Consolidated (Loss) Income from Discontinued Operations:

 

                         
   

Three Months Ended

June 30, 2022

(unaudited)

    

Three Months Ended

June 30, 2021

(unaudited)

    

Six Months Ended

June 30, 2022

(unaudited)

    

Six Months Ended

June 30, 2021

(unaudited)

  
Net revenues   $ -     $ 98,725     $ -     $ 216,941  
Cost of revenues     -       1,996       -       2,386  
Operating expenses     (2,811 )     (314,555 )     (4,245 )     (646,152 )
Other (expense) income     (1,134 )     52,089       (1,134 )     39,194  
Gain on sale     -       10,727,152       -       10,727,152  
Provision for income taxes     -       -       -       -  
(Loss) income from discontinued operations   $ (3,945 )   $ 10,561,415     $ (5,379 )   $ 10,334,749