Discontinued Operations and Assets Held for Sale (Tables)

6 Months Ended

Jun. 30, 2022

Discontinued Operations and Disposal Groups [Abstract]

Schedule of operations of cards plus and multipay consolidated basis

	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Discontinued Operations
Total Revenues, net	$	579,246		$	431,010		$	1,021,556		$	871,949
Operating expenses:
Cost of sales		336,540			156,905			520,064			371,228
General and administrative		372,750			315,914			658,132			635,625
Impairment loss		67,984			-			211,703			-
Depreciation and amortization		11,572			15,351			39,774			44,984
Total operating expenses		788,846			488,170			1,429,673			1,051,837
Loss from operations		(209,600	)		(57,160	)		(408,117	)		(179,888	)
Other income (expense):
Other income		4,334			11,725			8,029			13,262
Interest expense, net		-			(2,631	)		(364	)		(2,637	)
Other income, net		4,334			9,094			7,665			10,625
Loss before income taxes		(205,266	)		(48,066	)		(400,452	)		(169,263	)
Income tax expense		(1,041	)		(1,326	)		(6,578	)		(2,595	)
Loss from discontinued operations	$	(206,307	)	$	(49,392	)	$	(407,030	)	$	(171,858	)

	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
Cards Plus
Total Revenues, net	$	510,142		$	334,679		$	883,300		$	679,435
Operating Expenses:
Cost of Sales		336,540			156,905			520,064			371,228
General and administrative		167,390			151,453			322,699			286,977
Impairment loss		67,984			-			211,703			-
Depreciation and amortization		4,667			16,113			25,897			35,233
Total operating expenses		576,581			324,471			1,080,363			693,438
Income (loss) from operations		(66,439	)		10,208			(197,063	)		(14,003	)
Other income (expense):
Other income		3,468			1,914			6,816			3,451
Interest expense,  net		-			(1,111	)		(364	)		(2,637	)
Other income, net		3,468			803			6,452			814
Income (loss) before income taxes		(62,971	)		11,011			(190,611	)		(13,189	)
Income tax expense		-			-			(4,681	)		-
Income (loss) from discontinued operations	$	(62,971	)	$	11,011		$	(195,292	)	$	(13,189	)

	Three Months Ended June 30,						Six Months Ended June 30,
	2022			2021			2022			2021
MultiPay
Total Revenues, net	$	69,104		$	96,331		$	138,256		$	192,514
Operating Expenses:
General and administrative		205,360			164,461			335,433			348,648
Depreciation and amortization		6,905			(762	)		13,877			9,751
Total operating expenses		212,265			163,699			349,310			358,399
Loss from operations		(143,161	)		(67,368	)		(211,054	)		(165,885	)
Other Income:
Other income		866			8,291			1,213			9,811
Loss before income taxes		(142,295	)		(59,077	)		(209,841	)		(156,074	)
Income tax expense		(1,041	)		(1,326	)		(1,897	)		(2,595	)
Loss from discontinued operations	$	(143,336	)	$	(60,403	)	$	(211,738	)	$	(158,669	)

Schedule of result of meeting the discontinued operations/assets

	June 30, 2022		December 31, 2021
Discontinued Operations
Current assets:
Cash	$	340,380	$	270,707
Accounts receivable, net		105,844		110,977
Inventory		301,837		153,149
Other current assets		33,834		94,919
Current assets held for sale		781,895		629,752
Noncurrent assets:
Property and equipment, net		56,891		93,132
Intangible assets		-		153,004
Other assets		17,090		66,695
Noncurrent assets held for sale		73,981		312,831
Total assets held for sale	$	855,876	$	942,583
Current liabilities:
Accounts payable and accrued expenses	$	259,217	$	235,348
Deferred revenue		274,901		47,823
Notes payable obligation, current portion		-		1,579
Capital lease obligation, current portion		-		10,582
Total liabilities held for sale	$	534,118	$	295,332

	June 30, 2022		December 31, 2021
Cards Plus
Current assets:
Cash	$	325,247	$	182,518
Accounts receivable, net		36,139		88,235
Inventory		301,837		153,149
Other current assets		9,306		52,678
Current assets held for sale		672,529		476,580
Noncurrent assets:
Property and equipment, net		-		24,619
Intangible assets		-		153,004
Noncurrent assets held for sale		-		177,623
Total assets held for sale	$	672,529	$	654,203
Current liabilities:
Accounts payable and accrued expenses	$	121,195	$	122,725
Deferred revenue		274,901		47,823
Notes payable obligation, current portion		-		1,579
Capital lease obligation, current portion		-		10,582
Total liabilities held for sale	$	396,096	$	182,709

	June 30, 2022		December 31, 2021
MultiPay
Current Assets:
Cash	$	15,133	$	88,189
Accounts receivable, net		69,705		22,742
Other current assets		24,528		42,241
Current assets held for sale		109,366		153,172
Noncurrent Assets:
Property and equipment, net		56,891		68,513
Other assets		17,090		66,695
Noncurrent assets held for sale		73,981		135,208
Total assets held for sale	$	183,347	$	288,380
Current Liabilities:
Accounts payable and accrued expenses	$	138,022	$	112,623
Total liabilities held for sale	$	138,022	$	112,623

Schedule of cash flow from operating activities related to discontinued operations

	Six Months Ended June 30,
	2022			2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$	(407,030	)	$	(171,858	)
Adjustments to reconcile net loss with cash flows from operations:
Depreciation and amortization expense		39,774			45,002
Impairment of intangible assets		211,703			-
Changes in operating assets and liabilities:
Accounts receivable		6,332			(41,323	)
Net investment in direct financing lease		(17,306	)		81,931
Other current assets		106,920			(18,763	)
Inventory		(140,653	)		113,870
Accounts payable and accrued expenses		(11,425	)		(135,413	)
Deferred revenue		227,078			(65,709	)
Adjustments relating to discontinued operations		422,423			(20,405	)
Cashflows from discontinued operations	$	15,393		$	(192,263	)