Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations (Tables)

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Discontinued Operations (Tables)
9 Months Ended
Sep. 30, 2018
Disclosure Discontinued Operations Tables Abstract  
Summarizes the Assets and Liabilities and Operations of Segment Discontinued Operations

The following table summarizes the assets and liabilities of our discontinued restaurant segment's discontinued operations as of September 30, 2018 and December 31, 2017:

 

    September 30, 2018   December 31, 2017
Assets:                
Total Assets   $ —       $ —    
                 
Liabilities:                
   Accounts payable and accrued liabilities   $ 22,000     $ 22,000  
Total Liabilities   $ 22,000     $ 22,000  

 

The following table summarizes the results of operations of our discontinued restaurant for the three and nine months ended September 30, 2018 and 2017 and is included in the consolidated statements of operations as discontinued operations:

 

    For the Three Months Ended September 30,   For the Nine Months Ended September 30,
    2018   2017   2018   2017
                 
Revenues   $ —       $ —       $ —       $ 421,000  
Cost of sales     —         —         —         134,000  
          Gross Margin     —         —         —         287,000  
Expenses                                
   Labor and related expenses     —         —         —         178,000  
   Rent     —         —         1,000       82,000  
   Depreciation and amortization     —         —         —         20,000  
   Professional fees     —         23,000       —         26,000  
   Other general and administrative     —         5,000       1,000       94,000  
          Total Operating Expenses     —         28,000       2,000       400,000  
          Operating Income (Loss)     —         (28,000 )     (2,000 )     (113,000 )
Other Income (Expense)                                
   Loss on disposal of assets     —         —         —         (19,000 )
Income (Loss) on discontinued operations   $ —       $ (28,000 )   $ (2,000 )   $ (132,000 )