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DISCONTINUED OPERATIONS
12 Months Ended
Dec. 31, 2016
Discontinued Operations and Disposal Groups [Abstract]  
DISCONTINUED OPERATIONS

NOTE 3 – DISCONTINUED OPERATIONS

 

As at December 31, 2015, the Company disinvested and discontinued the operations of subsidiary company, CTTA, based on poor earnings and potential future losses. Operations for the year ended December 31, 2016 and operations previously reported for the year ended December 31, 2015 have been shown as discontinued operations as per the following schedule:

 

Discontinued Operations

 

    For the year ended
December 31, 2016
    For the year ended
December 31, 2015
 
Revenues   $ -     $ 47,575  
Total revenues     -       57,879  
                 
Expenses                
Bad debts     -       -  
Bank charges and interest     -       3,943  
Consulting and subcontractors     -       22,165  
Office and general     -       23,055  
      -       (49,163 )
Net loss     -       (1,588 )
Other items                
Gain on reversal of debt (note 6 and note 7)     -       439,118  
Foreign exchange gain     -       37,453  
Total comprehensive income (loss)   $ -     $ 474,983  

 

The components of major assets and liabilities of discontinued operations at December 31, 2016 and 2015 were as follows:

 

    2016     2015  
Assets   $ -     $ -