DISCONTINUED OPERATIONS

3 Months Ended

Mar. 31, 2023

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS

NOTE 4. DISCONTINUED OPERATIONS

On July 16, 2021, we entered into an Asset Purchase Agreement with an individual to sell substantially all of the assets of NBC for a total of $150,000 and 10% of profits generated by the buyer in the states of Michigan, Mississippi, and Massachusetts for a period of twelve months from the closing. On August 2, 2021, the sale of NBC was completed. Pursuant to amendment, the buyer paid the additional $75,000 in March 2022, and the 10% profit share described above was eliminated.

A summary of the discontinued operations for the Operations Segment is presented as follows:

	Three months ended
	March 31,
	2023		2022
Product revenues	$	—	$	3,438
Service revenues		—		—
Total revenues		—		3,438
Cost of sales		—		—
Selling, general and administrative		—		(1,845)
Professional fees		—		—
Depreciation and amortization		—		—
Total costs and expenses		—		(1,845)
Income from discontinued operations	$	—	$	5,283