Annual report pursuant to Section 13 and 15(d)

DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE (Tables)

v3.19.1
DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE (Tables)
 12 Months Ended
Dec. 31, 2018
Notes to Financial Statements  
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 2017 and the discontinued operations for CCI for the years ended December 31, 2018 and 2017:

 

    December 31,  
    2018     2017  
ASSETS            
Current Assets:                
Accounts Receivable   $ 2,096     $ 9,730  
Total Current Assets of Discontinued Operations     2,096       9,730  
Property, Plant and Equipment, net     —       1,106,736  
TOTAL ASSETS OF DISCONTINUED OPERATIONS AND HELD FOR SALE   $ 2,096     $ 1,116,466  
                 
LIABILITIES                
                 
LIABILITIES                
Current Liabilities:                
Accounts Payable   $ —     $ 121,442  
Estimated fair value of contingent payments, net     137,007       287,957  
Deferred revenue     21,977       81,455  
Other current liabilities     3,994       7,781  
Total Current Liabilities of Discontinued Operations     162,978       498,635  
TOTAL LIABILITIES OF DISCONTINUED OPERATIONS AND HELD FOR SALE   $ 162,978     $ 498,635  

 

    For the Years Ended December 31,  
    2018     2017  
             
Net revenues   $ 659,142     $ 1,245,744  
Cost of sales     227,157       490,951  
Gross profit     431,985       754,793  
                 
Operating expenses                
Advertising and marketing expenses     317,666       458,915  
Stock based compensation - related party     —       248,250  
General and administrative     429,316       453,595  
Total operating expenses     746,982       1,160,760  
                 
Net loss of discontinued operations and held for sale   $ (314,997 )   $ (405,967 )