4. Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2016

Notes to Financial Statements

4. Discontinued Operations (Tables)

	December 31, 2016	December 31, 2015
Current assets
Accounts receivable, net	$         123,358	$         183,583
Prepaid expenses and other current assets	11,253	15,489
Total current assets	134,611	199,072
Non-current assets
Plant and equipment, net	129,127	193,131
Deposits	-	8,217
Total assets	263,738	400,420
Current liabilities
Deferred revenues	80,519	181,075
Discontinued operation	183,219	219,345

Income from discontinued operations is as follows:

	Year ended December 31, 2016	Year ended December 31, 2015
Revenues	$      3,653,399	$      3,138,878
Operating expenses
Depreciation and amortization	63,391	90,862
General and administrative	751,553	734,559
Management fees	-	(447)
Professional fees	(3,889)	48,765
Rent	385,401	383,163
Salaries and wages	1,592,444	1,752,327
Total operating expenses	2,788,900	3,009,229
Operating income	864,499	129,649
Other Income (expense)
Other income	720	-
Other expense	(617)	(30,616)
Interest expense	(154,605)	(172,524)
Foreign exchange movements	25,990	(86,728)
Net income (loss) before taxation	735,987	(160,219)
Taxation	-	-
Net income (loss) from discontinued operations	$         735,987	$       (160,219)