| Schedule of reconciles the gain realized from the disposal of discontinued operations |
The
following table reconciles the gain realized from the disposal of discontinued operations:
| |
|
January
1, |
|
| |
|
2019 |
|
| Cash |
|
$ |
100,000 |
|
| Intangble assets, net |
|
|
481,947 |
|
| Goodwill |
|
|
(481,947 |
) |
| Estimated fair value
of contingent payments, net |
|
|
137,007 |
|
| Other
current liabilities |
|
|
1,308 |
|
| Gain
on disposal of discontinued operations |
|
$ |
238,315 |
|
|
| Schedule of Assets of discontinued operations and held for sale and liabilities of discontinued operations and held for sale |
The
following tables lists the assets of discontinued operations and held for sale and liabilities of discontinued operations and
held for sale as of December 31, 2018 and the discontinued operations for CCI for the three and six months ended June 30, 2018:
| |
|
December 31, |
|
| |
|
2018 |
|
| ASSETS |
|
|
|
| Current Assets: |
|
|
|
| Accounts
Receivable |
|
$ |
2,096 |
|
| Total Current Assets
of Discontinued Operations |
|
|
2,096 |
|
| Property,
Plant and Equipment, net |
|
|
- |
|
| TOTAL
ASSETS OF DISCONTINUED OPERATIONS AND HELD FOR SALE |
|
$ |
2,096 |
|
| |
|
|
|
|
| LIABILITIES |
|
|
|
|
| |
|
|
|
|
| LIABILITIES |
|
|
|
|
| Current Liabilities: |
|
|
|
|
| Accounts Payable |
|
$ |
- |
|
| Estimated fair value
of contingent payments, net |
|
|
137,007 |
|
| Deferred revenue |
|
|
21,977 |
|
| Other
current liabilities |
|
|
3,994 |
|
| Total
Current Liabilities of Discontinued Operations |
|
|
162,978 |
|
| TOTAL
LIABILITIES OF DISCONTINUED OPERATIONS AND HELD FOR SALE |
|
$ |
162,978 |
|
| |
|
For
the
Six Months Ended |
|
|
For
the
Three Months Ended |
|
| |
|
June
30, |
|
|
June
30, |
|
| |
|
2018 |
|
|
2018 |
|
| |
|
|
|
|
|
|
| Net revenues |
|
$ |
421,261 |
|
|
$ |
171,160 |
|
| Cost of sales |
|
|
143,870 |
|
|
|
71,002 |
|
| Gross profit |
|
|
277,391 |
|
|
|
100,158 |
|
| |
|
|
|
|
|
|
|
|
| Operating expenses |
|
|
|
|
|
|
|
|
| Advertising and marketing
expenses |
|
|
254,561 |
|
|
|
118,042 |
|
| Stock based compensation
- related party |
|
|
- |
|
|
|
- |
|
| General
and administrative |
|
|
305,639 |
|
|
|
137,776 |
|
| Total
operating expenses |
|
|
560,200 |
|
|
|
255,818 |
|
| |
|
|
|
|
|
|
|
|
| Net
loss of discontinued operations and held for sale |
|
$ |
(282,809 |
) |
|
$ |
(155,660 |
) |
|