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 and Disposal Groups [Abstract]  
Schedule of Discontinued Operations Income Statement and Balance Sheet

The carrying amount of major classes of assets and liabilities included as part of discontinued operations are as follows:

 

    (Unaudited)        
    Three Months     Year Ended  
    March 31, 2020     December 31, 2019  
Note receivable   $ 149,000     $ 149,000  
Total assets     149,000       149,000  
                 
Accounts payable and accrued liabilities     247,600       435,600  
Total liabilities     247,600       435,600  
                 
Net Assets of discontinued operations   $ (98,600 )   $ (286,600 )

 

The major line items comprising the loss of discontinued operations are as follows:

 

    (Unaudited)     (Unaudited)  
    Three Months     Three Months  
    March 31, 2020     March 31, 2019  
Restaurant revenues   $         -     $ 2,360,182  
Expenses:                
Administrative expenses     -       158,737  
Cost of sales     -       855,504  
Depreciation and amortization     -       83,044  
Restaurant operating expenses     -       1,276,061  
Other     -       2,390  
      -       2,375,736  
Income (Loss) of discontinued operations   $ -     $ (15,554 )