Discontinued Operations and Assets Held for Sale (Tables)

3 Months Ended

Mar. 31, 2022

 DISCONTINUED OPERATIONS

The major assets and liabilities associated with discontinued operations included in our consolidated balance sheets are as follows (unaudited):

            The major assets and liabilities associated with discontinued operations included in our consolidated balance sheets are as follows (unaudited):

            Carrying amounts of major classes of assets included as part of discontinued operations (unaudited):

	March 31, 2022		December 31, 2021
Cash and Cash Equivalents	$	23,629	$	37,849
Accounts Receivable, net		—		693
Inventories		12,000		12,000
Fixed Assets, net		4,189,648		6,799,090
Other assets		51,875		72,469
Loss recognized on classification as held for sale		—		(2,601,442	)
Total assets of the disposal group classified as held for sale in the statement of financial position	$	4,277,152	$	4,320,659
Carrying amounts of major classes of liabilities included as part of discontinued operations
Accounts Payable		623,670		681,646
Accrued Other Expenses		84,161		133,313
Lease Liabilities		370,020		412,357
Contingent Loss Liability		410,000		410,000
Deferred Tax Liability		45,930		45,930
Total liabilities of the disposal group classified as held for sale in the statement of financial position	$	1,533,781	$	1,683,246

The revenues and expenses associated with discontinued operations included in our consolidated statements of operations were as follows (unaudited):

             The revenues and expenses associated with discontinued operations included in our consolidated statements of operations were as follows (unaudited):

	Three-Months Ended March 31,
	2022			2021
Major line items constituting pretax profit (loss) of discontinued operations
REVENUE, net	$	—		$	2,775,853
COST OF GOODS SOLD		—			(1,857,129	)
Gross Profit		—			918,724
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES		(172,472	)		(2,401,422	)
RESEARCH AND DEVELOPMENT		—			(11,578	)
OTHER INCOME (EXPENSE)
Interest Expense		—			(37,441	)
Interest Income		11			14,751
Gain from asset disposal		7,600			—
Loss from discontinued operations before income taxes		(164,861	)		(1,516,966	)
Income tax benefit		—			—
Loss from discontinued operations after income taxes	$	(164,861	)	$	(1,516,966	)