Discontinued Operations (Tables)

6 Months Ended

Jun. 30, 2014

Discontinued Operations.

Consolidated Statements of Financial Position

The assets and liabilities of ProElite are consolidated into the consolidated balance sheets as of June 30, 2014 and December 31, 2013 and are as follows:

	June 30,2014			December 31,2013
	(Unaudited)
Total assets	$	—		$	—
Accounts payable	62,000			167,244
Other accrued liabilities	—			16,250
Equity, net	(62,000		)	(183,494		)
Total liabilities and accumulated deficit	$	—		$	—

The income statement details for ProElite that are summarized in the discontinued operations line in the consolidated statements of operations are as follows:

	Three Months Ended June 30,					Six Months Ended June 30,
	2014		2013			2014		2013
Revenues	$	—	$	—		$	—	$	71,667
Cost of revenues	—		—			—		—
Gross profit	—		—			—		71,667
Operating expenses	—		110,744			—		284,111
Interest expense	—		26,165			—		58,055
Net loss attributed to non-controlling interests	—		(7,752		)	—		(14,431		)
Total expenses	—		129,157			—		327,735
Net loss	$	—	$	(129,157	)	$	—	$	(256,068	)

The consolidated statements of operations for the periods ended June 30, 2014 and 2013 do not consolidate the results for ProElite but present them on a net basis in a discontinued operations line.  The consolidated statements of operations details for ProElite that are summarized in the discontinued operations line in the statements of cash flows are as follows:

	Six Months Ended June 30,
	2014		2013
Net loss	$	—	$	(256,068	)
Working capital and other adjustments	—		39,543
Cash used by operating activities	—		(216,525		)
Investing activities	—		—
Financing activities	—		—
Net impact on cash flows	$	—	$	(216,525	)