Schedule of Discontinued Operations Included in Statements of Operations and Assets and Liabilities in Discontinued Operations |
As of September
30, 2019 and September 30, 2018, assets and liabilities from discontinued
operations are listed below:
|
|
|
|
|
September 30,
|
|
September 30,
|
|
2019
|
|
2018
|
Current assets:
|
|
|
|
Cash
|
$
4,136
|
|
$
285
|
Assets from discontinued
operations
|
$
4,136
|
|
$
285
|
|
|
|
|
Current liabilities:
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|
|
|
Accounts payable and accrued
expenses
|
$
77,584
|
|
$
10,086
|
Deferred revenue, current
portion
|
23,492
|
|
28,720
|
Deferred rent, current
portion
|
896
|
|
-
|
Installment loan, net, current
portion
|
14,587
|
|
-
|
Due to unrelated parties
|
68,000
|
|
68,000
|
Current liabilities from
discontinued operations
|
184,559
|
|
106,806
|
|
|
|
|
Long Term Liabilities
|
|
|
|
Deferred revenue, net of
current
|
9,987
|
|
-
|
Deferred rent, long term
portion
|
680
|
|
-
|
Long term liabilities from
discontinued operations
|
10,667
|
|
-
|
Liabilities from
discontinued operations
|
$ 195,226
|
|
$
106,806
|
The following
table illustrates the reporting of the discontinued operations included in the
Statements of Operations for the years ended September 30, 2019 and 2018.
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|
|
|
|
For the year
|
|
For the year
|
|
ended
|
|
ended
|
|
September 30, 2019
|
|
September 30, 2018
|
Revenue
|
$
87,254
|
|
$
191,635
|
Cost of Revenue
|
38,910
|
|
80,604
|
Gross Profit
|
48,344
|
|
111,031
|
|
|
|
|
Operating Expenses:
|
|
|
|
Selling expenses
|
17,032
|
|
28,300
|
Administrative expenses
|
71,770
|
|
64,200
|
Professional fees
|
66,968
|
|
60,817
|
Acquisition costs
|
-
|
|
35,000
|
Total Operating
Expenses
|
155,770
|
|
188,317
|
|
|
|
|
Loss from operations
|
(107,426)
|
|
(77,286)
|
|
|
|
|
Other Income (Expense)
|
|
|
|
Other Income
|
23,358
|
|
3,442
|
Interest and other
(expense)
|
(20,479)
|
|
-
|
Total Other
Income
|
2,879
|
|
3,442
|
|
|
|
|
Loss Before Income Taxes
|
(104,547)
|
|
(73,844)
|
Provision for Income Taxes
|
-
|
|
-
|
Loss from discontinued operations
|
$
(104,547)
|
|
$ (73,844)
|
|