Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations

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Discontinued Operations
 3 Months Ended
Mar. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued Operations

4. DISCONTINUED OPERATIONS

 

The operating results from the discontinued operations of Spoon restaurant in Dallas, Texas for the three months ended March 31, 2016 and 2015 consisted of the following:

 

    Three Months Ended  
    March 31, 2016     March 31, 2015  
             
Total revenue   $ -     $ -  
                 
Total operating expenses     -       1,899  
                 
Net loss from discontinued operations   $ -     $ (1,899 )

 

Liabilities from discontinued operations totaled $124,043 as of both March 31, 2016 and December 31, 2015. The Company did not retain any assets related to the discontinued operation and is continuing to monitor and evaluate outstanding claims related to the discontinued operations as each balance sheet period.