Annual report pursuant to Section 13 and 15(d)

Discontinued Operations (Tables)

v3.19.1
Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]  
Disposal Groups, Including Discontinued Operations [Table Text Block]
The results from discontinued operations were as follows:
 
 
 
Year Ended
 
 
 
December 31,
 
 
December 31,
 
 
 
2018
 
 
2017
 
Revenue, net
 
$
1,663,382
  
 
$
3,996,521
  
Cost of revenue
 
 
(1,084,028
 )
 
 
(2,691,398
)
Gross margin
 
 
579,354
  
 
 
1,305,123
  
Operating expenses:
 
 
 
 
 
 
 
 
General and administrative
 
 
4,382,166
  
 
 
9,424,521
  
Total operating expenses
 
 
4,382,166
  
 
 
9,424,521
  
Loss from operations
 
 
(3,802,812
)
 
 
(8,119,398
)
Gain on disposal
 
 
874,392
  
 
 
—
  
Loss on disposal
 
 
(7,900,269
)
 
 
—
  
Loss before provision for income tax
 
 
(10,828,689
)
 
 
(8,119,398
)
Income tax (provision) benefit
 
 
23,942
  
 
 
688,106
  
Loss from discontinued operations
 
$
(10,804,747
)
 
$
(8,807,504
)
Schedule of Closed Block Assets and Liabilities [Table Text Block]
The current assets, long-term assets, current liabilities and long-term liabilities of discontinued operations were as follows:
 
 
 
December 31, 2018
 
 
December 31, 2017
 
Cash
 
$
—
 
 
$
305,349
 
Accounts receivable, net
 
 
—
 
 
 
225,787
 
Other receivables
 
 
—
 
 
 
71,250
 
Current assets - discontinued operations
 
$
—
 
 
$
602,386
 
 
 
 
 
 
 
 
 
 
Property and equipment, net
 
$
—
 
 
$
259,463
 
Intangible assets, net
 
 
—
 
 
 
2,615,224
 
Goodwill
 
 
—
 
 
 
5,963,537
 
Long-term assets - discontinued operations
 
$
—
 
 
$
8,838,224
 
 
 
 
 
 
 
 
 
 
Accounts payable
 
$
—
  
 
$
67,761
 
Accrued liabilities
 
      
475,054
  
 
 
385,591
 
Current liabilities - discontinued operations
 
$
475,054
  
 
$
453,352
 
 
 
 
 
 
 
 
 
 
Long-term deferred tax liability
 
$
—
 
 
$
23,943
  
Long-term liabilities - discontinued operations
 
$
—
 
 
$
23,943