Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2022

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Discontinued Operations for Consolidated Balance Sheets and Income Statements

The following statements are the unaudited condensed consolidated balance sheets and income statements for the Company’s discontinued operations:

	June 30, 2022		December 31, 2021
ASSETS
Current assets:
Cash and cash equivalents	$	-	$	-
Restricted cash		-		-
Accounts receivable		-		-
Prepaid expenses		-		-
Total current assets	$	-	$	-
Investments in non-consolidated entities		-		-
Note Receivables		-		-
Real estate, property and equipment, net		1,405,910		2,086,245
Total long-term assets held for sale		1,405,910		2,086,245
TOTAL ASSETS	$	1,405,910	$	2,086,245
LIABILITIES
Current liabilities:
Accounts payable			$	-
Accrued expenses	$	460,691		438,192
Accrued interest		-		-
Current portion of long-term debt		805,000		1,000,000
Total current liabilities		1,265,691		1,438,192
Long-term liabilities:
Note payable		421,470		487,678
Long-term debt, less current portion		218,617		225,169
Total long-term liabilities held for sale		640,087		712,847
TOTAL LIABILITIES	$	1,907,778	$	2,151,039

Clearday, Inc.

Notes to Unaudited Condensed Consolidated Financial Statements

	Six Months Ended June 30,
	2022			2021
REVENUES
Commercial property rental revenue	$	(42,986	)	$	(42,359	)
Total revenues, net		(42,986	)		(42,359	)
Costs and expenses
Operating expenses		45,355			72,754
General and administrative expenses		21,033			328,684
Total operating expenses	$	66,388		$	401,438
Loss from operations		(23,402	)		(359,077	)
Other/(income) expenses
Interest expense		147,578			162,599
Gain on disposal of assets					15,000
Equity income from investees, net of applicable taxes					-
Impairment expense (recovery)					(811,061	)
Other (income) expenses					(357,859	)
Total (income)/expense		147,578			(991,321	)
Net loss	$	(170,980	)	$	632,244