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DISCONTINUED OPERATIONS DISCLOSURE
12 Months Ended
Sep. 30, 2018
Notes  
DISCONTINUED OPERATIONS DISCLOSURE

NOTE 8 - DISCONTINUED OPERATIONS

 

On June 28, 2017, Paul Conforte, the holder of 8,000,000 shares of Common Stock of PC Mobile Media Corp sold 100% of his shares to twelve (12) purchasers resulting in a change of control. with all assets and all liabilities retained by Mr. Conforte.

 

On the same day, Mr. Conforte resigned all officer positions, and the Company appointed a new Chairman of the Board/CEO, Secretary/Treasurer/CFO, and two Directors. effective June 28, 2017. On September 5, 2017, the Company changed its name from PC Mobile Media Corp. to Ando Holdings Ltd, The name change was subsequently accepted by FINRA resulting in the Company being issued ADHG as its new trading symbol.

 

The primary business of the Company was previously to offer mobile billboard display advertising. As of September 30, 2017, the Company decided to discontinue the mobile billboard operations.

 

For accounting purposes, the Company has accounted for those operations as discontinued operations.

 

 

Year ended

September

30, 2017

Results of Operations:

 

 

Net Revenues from discontinued operations

$

10,000

Operating expenses

 

26,195

Loss from discontinued operations before taxes

 

(16,195)

Provision for income taxes

 

-

Net Loss from discontinued operations, net of tax

$

(16,195)

Basic and diluted loss per common share

$

(0.00)