Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2017

Discontinued Operations [Abstract]

Schedule of discontinued operations in the Company's consolidated financial statements

	September 30, 2017		December 31, 2016
Assets:
Current assets:
Accounts receivable, net	$	33,738	$	78,407
Inventories, net of reserve for obsolete inventories		-		31,019
Advances to suppliers		141,442		200,275
Equipment held for sale		-		1,147,035
Prepaid expenses and other		205,599		302,250
Total current assets		380,779		1,758,986
Total assets	$	380,779	$	1,758,986
Liabilities:
Current liabilities:
Accounts payable	$	356,384	$	458,433
Accrued expenses and other liabilities		-		45,280
Advances from customers		-		54,948
Total current liabilities		356,384		558,661
Total liabilities	$	356,384	$	558,661

Summary of discontinued operations included in the Company's unaudited condensed consolidated statements of operations

	For the Three Months Ended						For the Nine Months Ended
	September 30,						September 30,
	2017			2016			2017			2016
Revenues	$	-		$	31,113		$	-		$	567,379
Cost of revenues		31,652			17,678			31,652			1,547,120
Gross profit (loss)		(31,652	)		13,435			(31,652	)		(979,741	)
Operating expenses		(39,687	)		(268,628	)		(39,687	)		(726,995	)
Loss from operations		(71,339	)		(255,193	)		(71,339	)		(1,706,736	)
Other expense, net		-			(18,149	)		-			(56,546	)
Loss from discontinued operations before income taxes		(71,339	)		(273,342	)		(71,339	)		(1,763,282	)
Income taxes		-			-			-			-
Loss from discontinued operations, net of income taxes	$	(71,339	)	$	(273,342	)	$	(71,339	)	$	(1,763,282	)