Spin-Out and Discontinued Operations

9 Months Ended

Sep. 30, 2016

Discontinued Operations and Disposal Groups [Abstract]

Spin-Out and Discontinued Operations

Note 4 – Spin-Out and Discontinued Operations

On December 31, 2015, the Company completed the restructuring and spin-out of its software educational business, resulting in True Nature Holding, Inc. becoming purely focused on acquiring a series of compounding pharmacy businesses, largely direct to consumers, doctors and veterinary professionals. The results of the operations associated with the spin-out company and Trunity Holdings, Inc., qualifies as discontinued operations as of and for the three and nine month periods ended September 30, 2015.

The results of operations associated with discontinued operations were as follows:

	Three Months Ended			Nine Months Ended
	September 30,			September 30,
	2015			2015
Net Sales	$	206,004		$	391,141
Cost of sales		111,569			201,591
Gross Profit		94,435			189,550
Operating Expenses:
Research and development		172,289			553,938
Selling, general and administrative		221,560			706,421
Total operating expenses		393,849			1,260,359
Operating Loss from Discontinued Operations		(299,414	)		(1,070,809	)
Other Expense:
Other expense, net		(181,706	)		(732,507	)
Net Loss from Discontinued Operations	$	(481,120	)	$	(1,803,316	)
Other Comprehensive Loss Net of Tax:
Foreign currency translation adjustments		9,096			21,904
Comprehensive Loss from Discontinued Operations	$	(472,024	)	$	(1,781,412	)

Our educational business was fully disposed of in December 2015. As a result, there were no assets or liabilities of discontinued operations as of December 31, 2015 or in subsequent periods.