Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations (Tables)

v3.7.0.1
Discontinued Operations (Tables)
 3 Months Ended
Mar. 31, 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 March 31,  
    2017     2016  
Revenues   $ -     $ 51,505  
Gross profit   $ -     $ 51,505  
Operating expenses   $ (106,558 )   $ (325,497 )
Interest income   $ 15     $ 30  
Loss from discontinued operations   $ (106,543 )   $ (273,962 )

Summary of Assets and Liabilities of Discontinued Operations

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

 

    March 31, 2017     December 31, 2016  
Related party receivable   $ 155,420     $ 155,420  
Prepaid expenses and other current assets     52,197       52,734  
Total current assets of discontinued operations   $ 207,617     $ 208,154  
                 
Accounts payable and accrued expenses   $ -     $ 44,104  
Total current liabilities of discontinued operations   $ -     $ 44,104