General form of registration statement for all companies including face-amount certificate companies

Discontinued Operations

v3.19.3
Discontinued Operations
 12 Months Ended
Dec. 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 CAP and the Company ceased its broker-dealer operations December 31, 2016. On February 21, 2017, the Company’s request to FINRA for Broker-Dealer Withdrawal (“BDW”) became effective.

 

Results of Discontinued Operations

 

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

 

    For the Year Ended  
   

December 31, 2017

  
       
Revenues   $ -  
Gross profit     -  
Operating expenses     (105,772 )
Interest income, net     21  
Loss from discontinued operations   $ (105,751 )