Discontinued Operations

9 Months Ended

Sep. 30, 2020

Discontinued Operation, Additional Disclosures [Abstract]

Discontinued Operations

NOTE 7 – DISCONTINUED OPERATONS

On July 20, 2020, the Company finalized a Stock Purchase Agreement (the “SPA”) with Wais Asefi, Nick Miniello, Juleon Asefi, and Curt Byers (collectively, the “Asefi Group”) to sell to the Asefi Group its subsidiary, Textmunication, Inc., a California corporation (“Textmunication”). Textmunication operates the Company’s SMS business activities. The Company retained its cannabis operations based in Calabasas, California. The Company has accounted for this spinout as a discontinued operation and retroactively reclassified all previously presented financial information. The following summarizes the results of operations for Textmunication, Inc.

	Nine Months Ended
	2020			2019
Revenues	$	477,734		$	758,101
Cost of revenues		101,347			285,085
Operating expenses		468,815			581,764
		570,162			866,849
Loss from operations of discontinued operation		(92,428	)		(108,748	)
Gain on disposal of discontinued operations		108,206			-
Gain (loss) from discontinued operations	$	15,778		$	(108,748	)