| 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.
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For the period
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From January 1, 2020
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to
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February 14, 2020
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(Unaudited)
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Revenue
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$ 14,555
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Cost of Revenue
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10,633
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Gross Profit
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3,922
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Operating Expenses:
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Selling expenses
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3,079
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Administrative expenses
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3,204
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Professional Fees
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41,449
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Total Operating Expenses
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47,732
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Loss from operations
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(43,810)
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Other Income (Expense)
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Other Income
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2,300
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Interest and other expense
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-
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Total Other Income (Expense)
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2,300
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Loss Before Income Taxes
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(41,510)
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Provision for Income Taxes
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-
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Loss from discontinued operations
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$ (41,510)
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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.
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For the period from
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October 1, 2019 to
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February 14, 2020
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(Unaudited)
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Revenue
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$ 27,698
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Cost of Revenue
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12,383
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Gross Profit
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15,315
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Operating Expenses:
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Selling expenses
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3,862
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Administrative expenses
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24,151
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Professional Fees
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50,007
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Total Operating Expenses
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78,020
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Loss from operations
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(62,705)
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Other Income (Expense)
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Other Income
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5,750
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Interest and other expense
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(7,981)
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Total Other Income (Expense)
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(2,231)
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Loss Before Income Taxes
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(64,936)
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Provision for Income Taxes
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-
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Loss from discontinued operations
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$ (64,936)
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On February 14, 2020, the Company recorded $225,316 to additional paid in capital for deconsolidation of VoiceInterop, Inc. and discontinued operations are not presented.
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February 14,
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2020
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(Unaudited)
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Current assets:
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Cash
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$ 2,279
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Accounts Receivable
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4,780
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Operating lease asset, net
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62,226
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Total Assets from discontinued operations
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$ 69,285
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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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Operating lease liability, current
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33,941
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Deferred revenue, current portion
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17,357
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Deferred rent, current portion
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-
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Installment loan, net, current portion
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31,269
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Due to related parties
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11,362
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Due to unrelated parties
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68,000
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Total Current liabilities from discontinued operations
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254,165
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Long Term Liabilities
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Deferred revenue, net of current
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8,263
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Deferred rent, long term portion
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-
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Operating lease liability, net of current
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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
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40,436
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Total Liabilities from discontinued operations
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$ 294,601 |
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