Divestiture of Quest Solution Canada Inc (Tables)

12 Months Ended

Dec. 31, 2017

Business Combinations [Abstract]

Schedule of Discontinued Operations

The following is a reconciliation of the major line items constituting pretax loss of discontinued operations to the after-tax loss of discontinued operations that are presented in the condensed consolidated statements of operations as indicated below The 2016 fiscal year has 9 months of operations and the 2015 fiscal year has 3 months of operations:

	For the year
	ending December 31,
	2016			2015
Revenues	$	11,326,849		$	5,255,601
Cost of goods sold		(9,751,651	)		(4,046,494	)
Gross profit		1,575,198			1,209,107
Operating expenses
General and administrative		(874,506	)		(300,668	)
Salary and employee benefits		(2,074,977	)		(623,276	)
Depreciation and amortization		(178,069	)		(104,215	)
Professional fees		(58,138	)		(18,258	)
Goodwill impairment		(4,800,000	)		-
Total operating expenses		(7,985,690	)		(1,046,417	)
Operating (loss) income		(6,410,492	)		162,690
Other income (expenses):
Restructuring expenses		(108,640	)		-
Gain (loss) on foreign currency		117,138			229,442	)
Interest expense		(443,019	)		(171,815	)
Other (expenses) income		129			(1,389	)
Total other income (expenses)		(434,392	)		(402,646	)
Net Income (Loss) Before Income Taxes		(6,844,884	)		(239,956	)
Provision for Current Income Taxes		(6,991	)		-
Net Loss from discontinued operations	$	(6,851,875	)	$	(239,956	)

Schedule of Discontinued Cash Flows

The net cash flows incurred by Quest Solution Canada Inc. for the year ended December 31, are presented below.

	For the year
	ending December 31,
	2017		2016
Net cash used by operating activities	$	-	$	(1,743,606	)
Net cash provided in investing activities		-		16,097
Net cash (used) provided in financing activities		-		(2,867,565	)
Net Cash Outflow from discontinued operations	$	-	$	(4,595,074	)