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NOTE 7 - DISCONTINUED OPERATIONS: Schedule of Discontinued Operations - Income (Tables)
9 Months Ended
Sep. 30, 2020
Tables/Schedules  
Schedule of Discontinued Operations - Income

 

For the Three Months

 

For the Nine Months

 

Ended September 30,

 

Ended September 30,

2020

 

2019

 

2020

 

2019

 

 

 

 

 

 

 

 

Revenues of discontinued operations

$

 

$

3,556,333

 

$

(1,417)

 

$

10,411,460

Cost of revenues of discontinued operations

 

 

 

3,399,083

 

 

(243) 

 

 

9,922,771

Gross profit of discontinued operations

 

 

 

157,250

 

 

(1,174)

 

 

488,689

 

 

 

 

 

 

 

 

 

 

 

 

Operating expenses of discontinued operations:

 

 

 

 

 

 

 

 

 

 

 

General and administration expenses

 

7,449 

 

 

-

 

 

9,896 

 

 

79,528

Business development

 

 

 

200

 

 

 

 

41,726

Salaries and wages

 

22,875 

 

 

58,160

 

 

70,056 

 

 

163,015

Sales/marketing expense

 

 

 

7,952

 

 

 

 

25,639

Total operating expense of discontinued operations

 

30,324 

 

 

66,312

 

 

79,952 

 

 

309,908

 

 

 

 

 

 

 

 

 

 

 

 

Operating (loss) income from discontinued operations

 

(30,324)

 

 

90,938

 

 

(81,126)

 

 

178,781

 

 

 

 

 

 

 

 

 

 

 

 

Other Income of Discontinued Operations:

 

 

 

 

 

 

 

 

 

 

 

Other income (expense)

 

 

 

3,652

 

 

(3,844)

 

 

28,279

 

 

 

 

 

 

 

 

 

 

 

 

Net (loss) income from discontinued operations

before provision for income tax   

 

(30,324)

 

 

94,590

 

 

(84,970)

 

 

207,060

Provision for income tax expense from

discontinued operations

 

 

 

-

 

 

 

 

-

Net (loss) income from discontinued operations

$

(30,324)

 

$

94,590

 

$

(84,970)

 

$

207,060