14. DISCONTINUED OPEARTIONS

12 Months Ended

Dec. 31, 2017

Discontinued Operations and Disposal Groups [Abstract]

14. Discontinued Operations

NOTE 14: DISCONTINUED OPERATIONS

In March 2013 management decided to exit the health care provider business and in November 2014 management decided to exit the timeshare business. In January 2016, management decided to exit the interior design business to focus its resources on its maritime transportation business. Accordingly, the financial statements have been presented in accordance with ASC 205-20, Discontinued Operations.

The following table illustrates the reporting of the discontinued operations included in the consolidated statements of operations for the years ended December 31, 2017, 2016 and 2015.

	Interior design business			Timeshare and health care provider business			Total discontinued operations			Interior design business			Timeshare and health care provider business			Total discontinued operations			Interior design business			Timeshare and health care provider business			Total discontinued operations
	Year Ended December 31,			Year Ended December 31,			Year Ended December 31,			Year Ended December 31,			Year Ended December 31,			Year Ended December 31,			Year Ended December 31,			Year Ended December 31,			Year Ended December 31,
	2017			2017			2017			2016			2016			2016			2015			2015			2015
Timeshare deed liquidation revenue	$	—		$	—		$	—		$	—		$	—		$	—		$	—		$	54,231		$	54,231
Revenue - Interior design business					—			—						—			—			264,625			—			264,625
Cost of services		—			—			—			—			—			—			(332,919	)		—			(332,919	)
Gross loss		—			—			—			—			—			—			(68,294	)		—			(68,294	)
General and administrative		(24,826	)		(5,863	)		(30,688	)		(42,681	)		—			(42,681	)		(120,345	)		(24,906	)		(145,251	)
Operating (loss)/profit from discontinued operations before interest and benefit for income taxes		(24,826	)		(5,863	)		(30,688	)		(42,681	)		—			(42,681	)		(188,639	)		29,325			(159,314	)
Interest income		—			—			—			—			—			—			318			—			318
Interest expense		—			—			—			—			—			—			(1,567	)		—			(1,567	)
Other income/(expense), net		5,656			75,000			80,656			—			(4,283	)		(4,283	)		—			—			—
(Loss)/Income from discontinued operations before benefit for income taxes		(19,170	)		69,138			49,968			(42,681	)		(4,283	)		(46,964	)		(189,888	)		29,325			(160,563	)
Benefit from income taxes on discontinued operations		—			—			—			—			—			—			—			—			—
Net (loss)/income	$	(19,170	)	$	69,138		$	49,968		$	(42,681	)	$	(4,283	)	$	(46,964	)	$	(189,888	)	$	29,325		$	(160,563	)

As of December 31, 2017, and 2016, assets and liabilities from discontinued operations are listed below:

	Interior design business		Timeshare and health care provider business		Total discontinued operations		Interior design business		Timeshare and health care provider business		Total discontinued operations
	Year Ended December 31,		Year Ended December 31,		Year Ended December 31,		Year Ended December 31,		Year Ended December 31,		Year Ended December 31,
	2017		2017		2017		2016		2016		2016
ASSETS
CURRENT ASSETS
Cash	$	—	$	—	$	—	$	—	$	73	$	73
Restricted cash		4,947		—		4,947		112,836		—		112,836
Total current assets		4,947		—		4,947		112,836		73		112,909
TOTAL ASSETS	$	4,947	$	—	$	4,947	$	112,836	$	73	$	112,909
LIABILITIES
CURRENT LIABILITIES
Accounts payable and accrued expenses	$	5,863	$	—	$	5,863	$	5,654	$	—	$	5,654
Accrued legal settlements		—		—		—		—		75,000		75,000
Total current liabilities		5,863		—		5,863		5,654		75,000		80,654
TOTAL LIABILITIES	$	5,863	$	—	$	5,863	$	5,654	$	75,000	$	80,654