| Schedule of Discontinued Operations Included in Statements of Operations and Assets and Liabilities in Discontinued Operations |
As of June 30,
2019 and September 30, 2018, assets and liabilities from discontinued operations
are listed below:
|
|
|
|
| |
June 30,
|
|
September 30,
|
| |
2019
|
|
2018
|
| |
(unaudited)
|
|
|
|
Current assets:
|
|
|
|
|
Cash
|
$
1,735
|
|
$
285
|
|
Accounts receivable, net
|
1,600
|
|
-
|
|
Assets from discontinued
operations
|
$ 3,335
|
|
$
285
|
| |
|
|
|
|
Current liabilities:
|
|
|
|
|
Accounts payable and accrued
expenses
|
$
38,885
|
|
$
10,086
|
|
Deferred revenue, current
portion
|
16,413
|
|
28,720
|
|
Deferred rent, current
portion
|
401
|
|
-
|
|
Installment loan, net, current
portion
|
24,092
|
|
-
|
|
Due to unrelated parties
|
68,000
|
|
68,000
|
|
Current liabilities from
discontinued operations
|
147,791
|
|
106,806
|
| |
|
|
|
|
Long Term Liabilities
|
|
|
|
|
Deferred revenue, net of
current
|
11,282
|
|
-
|
|
Deferred rent, long term
portion
|
1,890
|
|
-
|
|
Long term liabilities from
discontinued operations
|
13,172
|
|
-
|
|
Liabilities from
discontinued operations
|
$
160,963
|
|
$
106,806
|
The following
table illustrates the reporting of the discontinued operations included in the
Statements of Operations for the three month periods ended June 30, 2019 and
2018:
|
|
|
|
|
|
| |
|
For the three
|
|
For the three
|
|
| |
|
months ended
|
|
months ended
|
|
| |
|
June 30, 2019
|
|
June 30, 2018
|
|
| |
|
|
|
|
|
| |
|
|
|
|
|
|
Revenue
|
|
$
18,661
|
|
$
32,899
|
|
|
Cost of Revenue
|
|
2,294
|
|
823
|
|
|
Gross Profit
|
|
16,367
|
|
32,076
|
|
| |
|
|
|
|
|
|
Operating Expenses:
|
|
|
|
|
|
|
Selling expenses
|
|
3,130
|
|
3,845
|
|
|
Administrative expenses and professional fees
|
|
(5,002)
|
|
31,107
|
|
|
Total Operating
Expenses
|
|
(
1,872)
|
|
35,552
|
|
| |
|
|
|
|
|
|
Income (Loss) from operations
|
|
18,239
|
|
(3,476)
|
|
| |
|
|
|
|
|
|
Other Income (Expense)
|
|
|
|
|
|
|
Other Income
|
|
4,851
|
|
-
|
|
|
Interest and other
expense
|
|
(8,753)
|
|
-
|
|
|
Total Other (Expense)
|
|
(3,902)
|
|
-
|
|
| |
|
|
|
|
|
|
Income (Loss) Before Income Taxes
|
|
14,337
|
|
(3,476)
|
|
|
Provision for Income Taxes
|
|
-
|
|
-
|
|
| |
|
|
|
|
|
|
Income (Loss) from discontinued
operations
|
|
$
14,337
|
|
$ (3,476)
|
|
| |
|
|
|
|
|
The following
table illustrates the reporting of the discontinued operations included in the
Statements of Operations for the nine month periods ended June 30, 2019 and
2018.
|
|
|
|
|
| |
|
For the nine
|
|
For the nine
|
| |
|
months ended
|
|
months ended
|
| |
|
June 30, 2019
|
|
June 30, 2018
|
| |
|
|
|
|
|
Revenue
|
|
$
75,721
|
|
$
167,661
|
|
Cost of Revenue
|
|
25,395
|
|
88,556
|
|
Gross Profit
|
|
50,326
|
|
79,105
|
| |
|
|
|
|
|
Operating Expenses:
|
|
|
|
|
|
Selling expenses
|
|
10,200
|
|
20,140
|
|
Administrative expenses and professional fees
|
|
66,645
|
|
71,339
|
|
Total Operating
Expenses
|
|
76,845
|
|
91,479
|
| |
|
|
|
|
|
Loss from operations
|
|
(26,519)
|
|
(12,374)
|
| |
|
|
|
|
|
Other Income (Expense)
|
|
|
|
|
|
Other Income
|
|
19,947
|
|
-
|
|
Interest and other
(expense)
|
|
(17,180)
|
|
-
|
|
Total Other
Income
|
|
2,767
|
|
-
|
| |
|
|
|
|
|
Loss Before Income Taxes
|
|
(23,752)
|
|
(12,374)
|
|
Provision for Income Taxes
|
|
-
|
|
-
|
|
Loss from discontinued operations
|
|
$
(23,752)
|
|
$
(12,374)
|
|