Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations (Tables)

v3.5.0.2
Discontinued Operations (Tables)
6 Months Ended
Jun. 30, 2016
Discontinued Operations and Disposal Groups [Abstract]  
Summary of Assets and Liabilities of Discontinued Operations

As of June 30, 2016 and December 31, 2015, the assets and liabilities of the discontinued operations included in the accompanying balance sheets are as follows:

 

     2016      2015  

Accounts Receivable, net

   $ 13,575       $ 21,115   

Inventory, net

     —           321,509   

Prepaid expenses and other current assets

     —           2,450   
  

 

 

    

 

 

 

Assets of discontinued operations

   $ 13,575       $ 345,074   
  

 

 

    

 

 

 

Accounts payable and accrued expenses

   $ 169,479       $ 138,758   

Deferred revenue

     —           14,215   

Liabilities of discontinued operations

   $ 169,479       $ 152,973   
  

 

 

    

 

 

 
Summary of Results of Discontinued Operations

The following information summarizes the results of discontinued operations for the three and six months ended June 30, 2016 and 2015:

 

     Three Months
Ended
June 30, 2016
     Three Months
Ended
June 30, 2015
     Six Months
Ended
June 30, 2016
     Six Months
Ended
June 30, 2015
 

Revenues of discontinued operations, net

   $ 190,796       $ 242,038       $ 453,054       $ 605,812   

Costs and expenses of discontinued operations

     223,593         228,110         474,738         513,311   
  

 

 

    

 

 

    

 

 

    

 

 

 

Net (Loss) Profit from discontinued operations

   $ (32,797    $ 13,928       $ (21,684    $ 92,501