| Schedule of Discontinued Operations Included in Statements of Operations and Assets and Liabilities in Discontinued Operations |
As of December 31,
2019 and September 30, 2019, assets and liabilities from discontinued operations
are listed below:
|
|
|
|
| |
December 31,
2019
|
|
September 30,
2019
|
| |
(unaudited)
|
|
|
|
Current
assets:
|
|
|
|
|
Cash
|
$
3,077
|
|
$
4,136
|
|
Total
current assets
|
3,077
|
|
4,136
|
| |
|
|
|
|
Operating
lease asset, net
|
66,903
|
|
-
|
| |
|
|
|
|
Total assets from
discontinued operations
|
$
69,980
|
|
$
4,136
|
| |
|
|
|
|
Current
liabilities:
|
|
|
|
|
Accounts
payable and accrued expenses
|
$
72,374
|
|
$
77,584
|
|
Operating
lease liability, current
|
32,382
|
|
-
|
|
Deferred
revenue, current portion
|
16,923
|
|
23,492
|
|
Deferred
rent, current portion
|
-
|
|
896
|
|
Installment
loan, net, current portion
|
35,502
|
|
14,587
|
|
Due
to unrelated parties
|
68,000
|
|
68,000
|
|
Loan
payable - related party
|
7,262
|
|
-
|
|
Total
current liabilities from discontinued operations
|
232,443
|
|
184,559
|
| |
|
|
|
|
Long Term
Liabilities
|
|
|
|
|
Deferred
revenue, net of current
|
8,263
|
|
9,987
|
|
Deferred
rent, long term portion
|
-
|
|
680
|
|
Operating
lease liability, net of current
|
38,608
|
|
-
|
|
Total
long term liabilities from discontinued operations
|
46,871
|
|
10,667
|
| |
|
|
|
|
Total
liabilities from discontinued operations
|
279,314
|
|
195,226
|
The following
table illustrates the reporting of the discontinued operations included in the
Statements of Operations for the three months ended December 31, 2019 and
2018.
|
|
|
| |
For the Three
|
For
the Three
|
| |
Months
Ended
|
Months
Ended
|
| |
December 31,
2019
|
December 31,
2018
|
| |
(Unaudited)
|
(Unaudited)
|
|
Revenue
|
$
13,143
|
$
45,551
|
|
Cost of
Revenue
|
1,750
|
8,994
|
|
Gross
Profit
|
11,393
|
36,557
|
| |
|
|
|
Operating
Expenses:
|
|
|
|
Selling
expenses
|
783
|
4,706
|
|
Administrative
expenses
|
20,947
|
26,596
|
|
Professional
Fees
|
8,558
|
-
|
|
Total
Operating Expenses
|
30,288
|
31,302
|
| |
|
|
|
Loss from
operations
|
(18,895)
|
5,255
|
| |
|
|
|
Other Income
(Expense)
|
|
|
|
Other
Income
|
3,450
|
1,596
|
|
Interest
and other expense
|
(7,981)
|
(1,405)
|
|
Total
Other Income (Expense)
|
(4,531)
|
191
|
| |
|
|
|
(Loss) Income Before
Income Taxes
|
(23,426)
|
5,446
|
|
Provision for Income
Taxes
|
-
|
-
|
|
(Loss) Income
from discontinued operations
|
$ (23,426)
|
$ 5,446
|
|