Schedule of Discontinued Operations |
The carrying amount of major classes of assets
and liabilities included as part of discontinued operations are as follows:
|
|
(Unaudited) |
|
|
|
|
|
|
Six Months
June 30, 2020
|
|
|
Year Ended
December 31, 2019
|
|
Other receivable |
|
$ |
30,084 |
|
|
$ |
149,000 |
|
Total assets |
|
|
30,084 |
|
|
|
149,000 |
|
|
|
|
|
|
|
|
|
|
Accounts payable and accrued expenses |
|
|
179,625 |
|
|
|
435,600 |
|
Total liabilities |
|
|
179,625 |
|
|
|
435,600 |
|
|
|
|
|
|
|
|
|
|
Net assets of discontinued operations |
|
$ |
(149,521 |
) |
|
$ |
(286,600 |
) |
The major line items comprising the loss of
discontinued operations are as follows:
|
|
(Unaudited) |
|
|
(Unaudited) |
|
|
|
Three Months |
|
|
Three Months |
|
|
|
June 30, 2020 |
|
|
June 30, 2019 |
|
Restaurant revenues |
|
$ |
- |
|
|
$ |
2,359,833 |
|
Expenses: |
|
|
|
|
|
|
|
|
Administrative expenses |
|
|
- |
|
|
|
194,490 |
|
Cost of sales |
|
|
- |
|
|
|
866,897 |
|
Depreciation and amortization |
|
|
- |
|
|
|
82,060 |
|
Restaurant operating expenses |
|
|
- |
|
|
|
1,299,082 |
|
Other (income) expense |
|
|
- |
|
|
|
(158,796 |
) |
|
|
|
- |
|
|
|
2,283,733 |
|
Income (Loss) of discontinued operations |
|
$ |
- |
|
|
$ |
76,100 |
|
|
|
(Unaudited) |
|
|
(Unaudited) |
|
|
|
Six Months |
|
|
Six Months |
|
|
|
June 30, 2020 |
|
|
June 30, 2019 |
|
Restaurant revenues |
|
$ |
- |
|
|
$ |
4,720,015 |
|
Expenses: |
|
|
|
|
|
|
|
|
Administrative expenses |
|
|
- |
|
|
|
353,227 |
|
Cost of sales |
|
|
- |
|
|
|
1,722,401 |
|
Depreciation and amortization |
|
|
- |
|
|
|
165,104 |
|
Restaurant operating expenses |
|
|
- |
|
|
|
2,575,143 |
|
Other (income) expense |
|
|
- |
|
|
|
(108,012 |
) |
|
|
|
- |
|
|
|
4,707,863 |
|
Income (Loss) of discontinued operations |
|
$ |
- |
|
|
$ |
12,152 |
|
Cash flows from discontinued operations is as follows:
|
|
Six Months Ended |
|
|
|
June 30, 2020 |
|
|
June 30, 2019 |
|
|
|
|
|
|
|
|
Cash flows provided by (used in) Operating Activities |
|
$ |
— |
|
|
$ |
166,576 |
|
Cash flows provided by (used in) Investing Activities |
|
|
— |
|
|
|
(131,011 |
) |
Cash flows provided by (used in) Financing Activities |
|
|
— |
|
|
|
— |
|
Net Cash Provided by (Used in) Discontinued Operations |
|
$ |
— |
|
|
$ |
35,565 |
|
|