DISCONTINUED OPERATIONS AND ASSETS HELD FOR SALE (Tables)

12 Months Ended

Dec. 31, 2019

Notes To Financial Statements Abstract

Schedule of reconciles the gain realized from the disposal of discontinued operations

The following table reconciles the gain realized from the disposal of discontinued operations:

	January 1, 2019
Cash	$	100,000
Intangible assets, net		481,947
Goodwill		(481,947	)
Estimated fair value of contingent payments, net		137,007
Other current liabilities		1,308
Gain on disposal of discontinued operations	$	238,315

Schedule of Assets of discontinued operations and held for sale and liabilities of discontinued operations and held for sale

The following tables lists the assets of discontinued operations and held for sale and liabilities of discontinued operations and held for sale as of December 31, 2018 and the discontinued operations for CCI for the year ended December 31, 2018:

	December 31, 2018
Assets
Current assets
Account receivable	$	2,096
Total current Assets of discontinued operations		2,096
Property ,plant and equipment,net		—
TOTAL ASSETS OF DISCONTINUED OPERATIONS AND HELD FOR SALE	$	2,096
LIABILITIES
LIABILITIES
Current liabilities
Accounts Payable	$	—
Estimated fair value of contingent payment,net		137,007
Deferred revenue		21,977
Other current liabilities		3,994
Total Current liabilities of discontinued operations		162,978
TOTAL LIABILITIES OF DISCONTINUED OPERATIONS AND HELD FOR SALE	$	162,978

	For the Year Ended
	December 31, 2018
Net revenue	$	659,142
Cost of sales		227,157
Gross profit		431,985
Operating expenses
Advertising and marketing expenses		317,666
Stock based compensation related party		—
General and administrative		429,316
Total operating expenses		746,982
Net loss of discontinued operations and held for sale	$	(314,997	)