Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations

v3.8.0.1
Discontinued Operations
 3 Months Ended
Mar. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations

  4. DISCONTINUED OPERATIONS

 

On November 29, 2016, the Company’s Board of Directors determined that it was in the Company’s best interest to close down its broker-dealer operations on December 31, 2016. On February 21, 2017, the Company’s request to FINRA for Broker-Dealer Withdrawal became effective.

 

Results of Discontinued Operations

 

There were no results of discontinued operations during the three months ended March 31, 2018. Results of discontinued operations during the three months ended March 31, 2017 are as follows.

 

    For The Three Months Ended  
    March 31,  
    2018     2017  
             
Revenues   $ -     $ -  
Gross profit   $ -     $ -  
Operating expenses   $ -     $ (106,558 )
Interest income (expense)   $ -     $ 15  
Loss from discontinued operations   $ -     $ (106,543 )