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 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 |
|
|
(Unaudited) |
|
|
|
|
Revenue |
|
$ |
27,698 |
Cost of Revenue |
|
|
12,383 |
Gross Profit |
|
|
15,315 |
|
|
|
|
Operating Expenses: |
|
|
|
Selling expenses |
|
|
3,862 |
Administrative expenses |
|
|
24,151 |
Professional Fees |
|
|
50,007 |
Total Operating Expenses |
|
|
78,020 |
|
|
|
|
Loss from operations |
|
|
(62,705) |
|
|
|
|
Other Income (Expense) |
|
|
|
Other Income |
|
|
5,750 |
Interest and other expense |
|
|
(7,981) |
Total Other Income (Expense) |
|
|
(2,231) |
|
|
|
|
Loss Before Income Taxes |
|
|
(64,936) |
Provision for Income Taxes |
|
|
- |
Loss from discontinued operations |
|
$ |
(64,936) |
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.
|
|
February 14, |
|
|
2020 |
|
|
(Unaudited) |
Current assets: |
|
|
|
Cash |
|
$ |
2,279 |
Accounts Receivable |
|
|
4,780 |
Operating lease asset, net |
|
|
62,226 |
|
|
|
|
Total Assets from discontinued operations |
|
$ |
69,285 |
|
|
|
|
Current liabilities: |
|
|
|
Accounts payable and accrued expenses |
|
$ |
92,236 |
Operating lease liability, current |
|
|
33,941 |
Deferred revenue, current portion |
|
|
17,357 |
Deferred rent, current portion |
|
|
- |
Installment loan, net, current portion |
|
|
31,269 |
Due to related parties |
|
|
11,362 |
Due to unrelated parties |
|
|
68,000 |
Total Current liabilities from discontinued operations |
|
|
254,165 |
|
|
|
|
Long Term Liabilities |
|
|
|
Deferred revenue, net of current |
|
|
8,263 |
Operating lease liability, net of current |
|
|
32,173 |
Total Long term liabilities from discontinued operations |
|
|
40,436 |
|
|
|
|
Total Liabilities from discontinued operations |
|
$ |
294,601
|
|