Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations (Tables)

v3.20.1
Discontinued Operations (Tables)
 3 Months Ended
Mar. 31, 2020
Discontinued Operations  
Schedule of Discontinued Operations and Assets Held for Sale

The following is a reconciliation of the major classes of line items constituting loss on discontinued operations to loss on discontinued operations shown in the Statement of Operations:

 

 

 

 

 

 

 

 

 

 

 

March 31, 

 

 

2019

Product revenue

    

$

113,500

Cost of product revenue

 

 

98,768

Research and development

 

 

160,284

General and administrative

 

 

25,506

Sales and marketing

 

 

36,117

Impairment (1)

 

 

140,000

Loss on discontinued operations

 

$

(347,175)

(1)

Represents an impairment charge of $140,000, calculated as the net book value of assets held for sale prior to the impairment less the expected proceeds from the planned sale. The expected proceeds were 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.