Disposal of Long-Lived Assets

9 Months Ended

Sep. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

Disposal of Long-Lived Assets

Note 3—Disposal of Long-Lived Assets

In accordance with the provisions of ASC topic 360, “Accounting for the Impairment or Disposal of Long-Lived Assets,” the disposal of our To Go Brands, Inc. business segment is presented as a discontinued operation in the accompanying consolidated financial statements.

The following results of operations of To Go Brands, Inc. and the expense associated with the write-off of the remaining recorded value of the technology licenses associated with our former nutraceutical business are presented as a loss from a discontinued operation in the consolidated statements of operations:

	For the three months ended September 30, 2013			For the Nine months ended September 30, 2013
Revenues
Product sales	$	452,366		$	1,546,142
Cost of goods sold		276,362			908,753
Gross profit		176,004			637,389
Operating expenses
Research and development		34,556			114,152
Selling, general and administrative		383,287			1,312,154
Total operating expenses		417,843			1,426,306
Loss from operation		(241,839	)		(788,917	)
Interest, net		(0	)		(667	)
Net loss from discontinued operations of To Go Brands, Inc.		(241,839	)	$	(789,584	)