|6 Months Ended|
Jun. 30, 2020
|Discontinued Operations and Disposal Groups [Abstract]|
NOTE 7 – DISCONTINUED OPERATIONS
Through our other wholly owned subsidiary, E.A.J.: PHL Airport, Inc., we owned and operated the restaurant “Eat at Joe's®,” which was located in the Philadelphia International Airport since 1997. Our lease in the Philadelphia Airport expired in April 2017. Concurrent with expiration of the lease the restaurant closed. Pursuant to current accounting guidelines, the restaurant segment is reported as discontinued operations.
The assets and liabilities of our discontinued restaurant segment's discontinued operations as of June 30, 2020 and December 31, 2019 consisted of $0 assets and $22,000 in accounts payable and accrued liabilities.
There were no operations for our discontinued restaurant segment during the six months ended June 30, 2020 and 2019.
The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.
Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef