Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations (Tables)

Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2016

Discontinued Operations and Disposal Groups [Abstract]

Summary of Assets and Liabilities of Discontinued Operations

As of September 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	$	—	$	21,115
Inventory, net		—		321,509
Prepaid expenses and other current assets		—		2,450

Assets of discontinued operations	$	—	$	345,074


Accounts payable and accrued expenses	$	11,394	$	138,758
Deferred revenues		—		14,215

Liabilities of discontinued operations	$	11,394	$	152,973

Summary of Results of Discontinued Operations

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


	Three Months Ended September 30, 2016			Three Months Ended September 30, 2015		Nine Months Ended September 30, 2016		Nine Months Ended September 30, 2015
Revenues of discontinued operations, net	$	(109	)	$	329,795	$	452,945	$	935,607
Costs of discontinued operations, net		(42,675	)		293,377		432,063		806,688

Net Profit from discontinued operations	$	42,566		$	36,418	$	20,882	$	128,919