Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations (Tables)

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