Sale of Majority Owned Subsidiaries and Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2022

Sale of Majority Owned Subsidiaries and Discontinued Operations

Summary of value of the consideration received of CBDG

Consideration received:
Common stock of CBDG, fair value	$	300,000
Preferred stock of CBDG, fair value		300,000
Total consideration		600,000
Non-controlling interests		(331,884	)
Net assets of subsidiaries on date of disposition:
GKMP		112,350
iBud		(8,970	)
Net assets		103,380
Gain on sale of subsidiaries	$	164,736

Summary of the discontinued operations of GKMP and iBud

	January 1 to
	September 30,
Discontinued Operations	2021
REVENUE		75,866
Cost of revenues		91,316
Gross profit		(15,450	)
EXPENSES
Depreciation and amortization		5,861
Wages and salaries		106,224
Advertising		1,693
General and administrative		102,833
Interest expense		2,144
Total expenses		218,755
NET LOSS FROM DISCONTINUED OPERATIONS		(234,205	)