Discontinued Operations

12 Months Ended

Dec. 31, 2021

Discontinued Operations And Disposal Groups [Abstract]

Discontinued Operations

Note 14. Discontinued Operations

On January 8, 2020, the Company entered into a Stock Purchase Agreement (“SPA”) with Craven pursuant to which the Company sold to Craven all of the issued and outstanding shares of IIU for $3,562,569.  The purchase price was paid by Craven through the cancellation of the $3,461,782 Craven Convertible Note plus forgiveness of $100,787 of accrued interest. The Company originally paid $4,969,586 of goodwill. As a result, goodwill was impaired by $1.65 million. The sale of IIU resulted in a gain of $16,428.  

The operating results for IIU, Inc. have been presented in the accompanying consolidated statements of operations for the year ended December 31, 2021 and 2020 as discontinued operations are summarized below:

	2021	2020
Revenue	$              -	$              -
Total operating costs and expenses	-	-
Gain (Loss) from discontinued operations	-	-
Other expense, net	-	-
Gain on disposal of discontinued operations	-	16,428
Net gain (loss) from discontinued operations	$              -	$     16,428
Net cash provided by operating activities	$              -	$                -
Net cash (used in) provided by investing activities	-	(246,914)

Net cash used in financing activities