Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations (Tables)

v3.7.0.1
Discontinued Operations (Tables)
 6 Months Ended
Jun. 30, 2017
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Operating Results of Discontinued Operations

Summarized operating results of discontinued operations are presented in the following table:

 

    For The Three Months Ended
June 30, 		    For The Six Months Ended
June, 30 		 
    2017     2016     2017     2016  
Revenues   $ -     $ -     $ -     $ 51,505  
Gross profit   $ -     $ -     $ -     $ 51,505  
Operating expenses   $ (6 )   $ (394,283 )   $ (106,564 )   $ (719,780 )
Interest income (expense)   $ 6     $ (81 )   $ 21     $ (51 )
Loss from discontinued operations   $ -     $ (394,364 )   $ (106,543 )   $ (668,326 )

Summary of Assets and Liabilities of Discontinued Operations

Summarized assets and liabilities of discontinued operations are presented in the following table:

 

    June 30, 2017     December 31, 2016  
Related party receivable   $ 155,420     $ 155,420  
Prepaid expenses and other current assets     17,250       52,734  
Total current assets of discontinued operations   $ 172,670     $ 208,154  
                 
Accounts payable and accrued expenses   $ -     $ 44,104  
Total current liabilities of discontinued operations   $ -     $ 44,104