Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations (Tables)

v3.20.2
Discontinued Operations (Tables)
 6 Months Ended
Jun. 30, 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:

 

 

 

 

 

 

 

 

 

 

Three Months Ended

 

Six Months Ended

 

 

June 30, 

 

June 30, 

 

    

2019

    

2019

 

 

(unaudited)

Revenue

    

$

1,500

    

$

115,000

Cost of revenue

 

 

41,542

 

 

140,310

Research and development

 

 

24,766

 

 

185,050

General and administrative

 

 

13,468

 

 

38,974

Sales and marketing

 

 

(1,200)

 

 

34,917

Impairment (1)

 

 

265,000

 

 

405,000

Loss from discontinued operations

 

$

(342,076)

 

$

(689,251)

Impairment charge was 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 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