Schedule of Discontinued Operations Included in Statements of Operations and Assets and Liabilities in Discontinued Operations |
As of March 31, 2019 and September 30, 2018, assets and liabilities from discontinued operations are listed below:
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March 31,
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September 30,
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2019
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2018
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(unaudited)
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Current assets:
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Cash
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$ 12,415
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$ 285
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Accounts receivable, net
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8,334
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-
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Assets from discontinued operations
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$ 20,749
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$ 285
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Current liabilities:
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Accounts payable and accrued expenses
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$ 65,254
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$ 10,086
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Deferred revenue, current portion
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26,598
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28,720
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Deferred rent, current portion
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1,455
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-
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Installment loan, net, current portion
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33,457
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-
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Due to unrelated parties
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68,000
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68,000
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Current liabilities from discontinued operations
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194,764
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106,806
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Long Term Liabilities
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Deferred revenue, net of current
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13,007
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-
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Deferred rent, long term portion
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1,551
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-
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Long term liabilities from discontinued operations
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14,558
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-
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Liabilities from discontinued operations
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$ 209,322
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$ 106,806
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The following table illustrates the reporting of the discontinued operations included in the Statements of Operations for the three month periods ended March, 31, 2019 and 2018:
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For the three
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For the three
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months ended
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months ended
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March 31, 2019
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March 31, 2018
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Revenue
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$ 11,509
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$ 112,144
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Cost of Revenue
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14,107
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79,645
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Gross Profit
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(2,598)
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32,499
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Operating Expenses:
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Selling expenses
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2,364
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8,609
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Administrative expenses
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45,051
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26,041
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Total Operating Expenses
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47,415
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34,650
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Loss from operations
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(50,013)
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(2,151)
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Other Income (Expense)
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Other Income
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13,500
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-
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Interest and other expense
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(7,022)
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-
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Total Other Income
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6,478
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-
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Loss Before Income Taxes
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(43,535)
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(2,151)
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Provision for Income Taxes
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-
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-
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Loss from discontinued operations
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$ (43,535)
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$ (2,151)
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The following table illustrates the reporting of the discontinued operations included in the Statements of Operations for the six month periods ended March, 31, 2019 and 2018.
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For the six
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For the six
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months ended
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months ended
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March 31, 2019
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March 31, 2018
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Revenue
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$ 57,060
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$ 134,762
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Cost of Revenue
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23,101
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87,733
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Gross Profit
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33,959
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47,029
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Operating Expenses:
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Selling expenses
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7,070
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16,295
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Administrative expenses
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71,647
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39,632
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Total Operating Expenses
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78,717
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55,927
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Loss from operations
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(44,758)
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(8,898)
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Other Income (Expense)
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Other Income
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15,096
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-
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Interest and other expense
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(8,427)
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-
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Total Other Income
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6,669
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-
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Loss Before Income Taxes
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(38,089)
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(8,898)
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Provision for Income Taxes
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-
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-
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Loss from discontinued operations
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$ (38,089)
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$ (8,898) |
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