Disposal of Business (Tables)

9 Months Ended

Sep. 30, 2017

Disposal Of Business Tables

Schedule of business disposal

The proceeds realized on disposal have been allocated as follows:

		Amount
Proceeds on disposal	$	7,644,000
Assets sold:
Accounts receivable		113,896
Plant and equipment		109,075
		222,971
Liabilities assumed by purchaser
Deferred revenue		(73,799	)
Net assets and liabilities sold		149,172
Net profit realized on disposal	$	7,494,828