Discontinued Operations

12 Months Ended

Dec. 31, 2014

Discontinued Operations and Disposal Groups [Abstract]

2. Discontinued Operations

On November 26, 2014, as part of SpendSmart Networks, Inc.'s (the "Company") efforts to reduce expenses as well as focus its resources on its Mobile and Loyalty Marketing Division, the Company decided to begin a wind down of the operations of its Card Division. All Card Division related operations ceased on January 26, 2015. The Company corresponded with its customers to affect an orderly wind down of its operations.

As a result of the sale, the Consolidated  Financial Statements and related Notes for the periods  presented  herein reflect the Card Division as a discontinued operation.

Operating results of discontinued operations were as follows:
	For the years ended December 31,
	2014		2013
Revenues:		770,890		999,992
Selling and Marketing		196,646		1,168,035
Personnel		2,910,284		5,295,232
Processing		1,647,067		1,570,131
Total operating expenses		4,753,997		8,033,398
Net loss from discontinued operations		3,983,107		7,033,406
Assets and liabilities of discontinued operations were as follows:
	December 31,
		2014		2013
Other assets as held for sale:
Amounts due from credit cards:	$	145,903	$	207,818
Total assets		145,903		207,818
Other liabilities as held for sale:
Accrued personnel comp:	$	284,231	$	231,668
Accounts Payable	$	573,124	$	841,976
Deferred Revenue	$	11,785	$	11,785
Total liabilities		869,140		1,085,429
Net liabilities of discontinued operations:	$	723,237	$	877,611