Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations - Disposal Groups, Including Discontinued Operations (Details)

v3.19.2
Discontinued Operations - Disposal Groups, Including Discontinued Operations (Details) - USD ($)
Jun. 30, 2019
Dec. 31, 2018
Discontinued Operations    
Accounts receivable, net $ 2,500 $ 270,768
Inventories, net 129,017 131,342
Prepayments and other current assets 6,182 22,322
Property and equipment, net [1] 255,709 329,738
Intangible assets, net [1] 0 342,153
Current assets held for sale [2] 393,408 1,096,323
Accounts payable 8,199 356,113
Accrued expenses 465,487 521,642
Current liabilities held for sale $ 473,686 $ 877,755
[1] Includes an impairment charge of $765,000 of which $405,000 was recognized during the six months ended June 30, 2019, calculated as the net book value of assets held for sale prior to the impairment less the expected net proceeds from the planned sale. The expected net proceeds are based on the estimated fair value of the net assets held for sale less the estimated cost to sell the net assets held for sale.
[2] The assets of the discontinued operations classified as held for sale are classified as current on the June 30, 2019 and December 31, 2018 balance sheets because it is probable that the sale will occur and proceeds will be collected within one year.