| Schedule of Discontinued Operations Included in Statements of Operations and Assets and Liabilities in Discontinued Operations |
The following table
illustrates the reporting of the discontinued operations included in the
Statements of Operations for the period from January 1, 2020 to February 14,
2020 and for the three months ended March 31, 2019.
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For the period
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| |
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From
January 1, 2020
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For
the Three
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|
to
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Months Ended
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| |
|
February 14,
2020
|
March 31 ,
2020
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|
(Unaudited)
|
(Unaudited)
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| |
|
|
|
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Revenue
|
|
$
14,555
|
$
11,509
|
|
Cost of
Revenue
|
10,633
|
14,107
|
|
Gross
Profit
|
3,922
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(2,598)
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| |
|
|
|
|
Operating
Expenses:
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|
|
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Selling
expenses
|
3,079
|
2,364
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|
Administrative
expenses
|
3,204
|
32,046
|
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Professional
Fees
|
41,449
|
13,005
|
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Total
Operating Expenses
|
47,732
|
47,415
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Loss from
operations
|
(43,810)
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(50,013)
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|
|
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Other Income
(Expense)
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|
|
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Other
Income
|
2,300
|
13,500
|
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Interest
and other expense
|
-
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(7,022)
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|
Total
Other Income (Expense)
|
2,300
|
6,478
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|
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Loss Before Income
Taxes
|
(41,510)
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(43,535)
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Provision for Income
Taxes
|
-
|
-
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Loss from
disontinued operations
|
$ (41,510)
|
$ (43,535)
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The
following table illustrates the reporting of the discontinued operations
included in the Statements of Operations for the period from October 1, 2019 to
February 14, 2020 and for the six months period ended March 31, 2019.
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For the period from
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For
the Six
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October
1, 2019 to
|
Months
Ended
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| |
|
February 14,
2020
|
March 31,
2019
|
| |
|
(Unaudited)
|
(Unaudited)
|
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|
|
|
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Revenue
|
|
$
27,698
|
$
57,060
|
|
Cost of
Revenue
|
12,383
|
23,101
|
|
Gross
Profit
|
15,315
|
33,959
|
| |
|
|
|
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Operating
Expenses:
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|
|
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Selling
expenses
|
3,862
|
7,070
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|
Administrative
expenses
|
24,151
|
43,642
|
|
Professional
Fees
|
50,007
|
28,005
|
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Total
Operating Expenses
|
78,020
|
78,717
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|
|
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Loss from
operations
|
(62,705)
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(44,758)
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Other Income
(Expense)
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|
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Other
Income
|
5,750
|
15,096
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Interest
and other expense
|
(7,981)
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(8,427)
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Total
Other Income (Expense)
|
(2,231)
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6,669
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Loss Before Income
Taxes
|
(64,936)
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(38,089)
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Provision for Income
Taxes
|
-
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-
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Loss from
disontinued operations
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$ (64,936)
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$ (38,089)
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On February 14,
2020, the Company recorded $225,316 to additional paid in capital for
deconsolidation of VoiceInterop, Inc. and discontinued operations are not
presented.
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February
14,
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September
30,
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| |
2020
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|
2019
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(Unaudited)
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Current
assets:
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Cash
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$
2,279
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$
4,136
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Accounts
Receivable
|
4,780
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|
-
|
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Operating
lease asset, net
|
62,226
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|
-
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|
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Total
Assets from discontinued operations
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$
69,285
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$
4,136
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Current
liabilities:
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Accounts
payable and accrued expenses
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$
92,236
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$
77,584
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Operating lease liability, current
|
33,941
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|
-
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Deferred
revenue, current portion
|
17,357
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|
23,492
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Deferred
rent, current portion
|
-
|
|
896
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Installment
loan, net, current portion
|
31,269
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|
14,587
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Due
to related parties
|
11,362
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-
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Due
to unrelated parties
|
68,000
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|
68,000
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Total
Current liabilities from discontinued operations
|
254,165
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|
184,559
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Long Term
Liabilities
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Deferred
revenue, net of current
|
8,263
|
|
9,987
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Deferred rent, long term portion
|
-
|
|
680
|
|
Operating
lease liability, net of current
|
32,173
|
|
-
|
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Deferred
revenue, current portion
|
-
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|
-
|
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Total
Long term liabilities from discontinued operations
|
40,436
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|
10,667
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Total
Liabilities from discontinued operations
|
$
294,601
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$
195,226
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