Discontinued operations

12 Months Ended

Dec. 31, 2018

Notes to Financial Statements

Discontinued operations

7. Discontinued operations

The Statement of operations for discontinued operations is as follows: 

	Year ended December 31,
	2017
Revenues	$	196,866
Operating expenses
Depreciation and amortization		4,196
General and administrative		116,671
Professional fees		32,818
Rent		106,495
Salaries and wages		201,723
Total operating expenses		461,903
Operating loss		(265,037	)
Other Income (expense)
Other income		7,494,828
Interest expense		(1,021	)
Foreign exchange movements		(135,190	)
Net income before taxation		7,093,580
Taxation		(271,691	)
Net income from discontinued operations	$	6,821,889