Annual report pursuant to Section 13 and 15(d)

Discontinued Operations (Tables)

v3.19.1
Discontinued Operations (Tables)
12 Months Ended
Dec. 31, 2018
Disclosure Discontinued Operations Tables Abstract  
Summary of Assets and Liabilities and Results of Operations of Discontinued Operations

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

 

      December 31, 2018       December 31, 2017  
Assets:                
   Accounts receivable, net   $ —       $ —    
   Inventory     —         —    
   Prepaid expenses     —         —    
   Property and equipment, net     —         —    
   Other 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 years ended December 31, 2018 and 2017 and is included in the consolidated statements of operations as discontinued operations:

 

    For the Year Ended December 31,
    2018   2017
         
Revenues   $ —       $ 420,000  
Cost of sales     —         133,000  
          Gross Margin     —         287,000  
Expenses                
   Labor and related expenses     —         177,000  
   Rent     1,000       77,000  
   Depreciation and amortization     —         20,000  
   Professional fees     —         33,000  
   Other general and administrative     (1,000 )     102,000  
          Total Operating Expenses     —         409,000  
          Operating Income (Loss)     —         (122,000 )
Other Income (Expense)                
   Gain (Loss) on disposal of assets     1,000       (10,000 )
Income (Loss) on discontinued operations   $ 1,000     $ (132,000 )