Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.20.2
Summary of Significant Accounting Policies (Tables)
 9 Months Ended
Sep. 30, 2020
Accounting Policies [Abstract]  
Schedule of Operating Results of Discontinued Operations

The following table represents the components of operating results from discontinued operations, as presented in the statements of operations and comprehensive loss for the three and nine months ended September 30, 2020 and 2019:

 

    Three Months Ended
September 30,		     Nine Months Ended
September 30,		  
    2020     2019     2020     2019  
                         
Revenues   $ -     $ 6,610     $ -     $ 48,093  
                                 
Cost of Sales     3,828       (3,845 )     18,971       25,780  
Depreciation and amortization     -       4,036       1,676       12,482  
Sales and marketing     -       53,833       82,120       208,237  
General and administrative     27,459       92,034       50,453       675,333  
Non-operating (expense) income     1,823       8,443       (3,730 )     12,704  
Loss from discontinued operations before income tax     (29,464 )     (131,005 )     (156,950 )     (861,035 )
Income tax expense     -       2,322       -       9,705  
Net loss from discontinued operations   $ (29,464 )   $ (133,327 )   $ (156,950 )   $ (870,740 )

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

The computation of basic net loss per share for the three and nine months ended September 30, 2020 and 2019 excludes the potentially dilutive securities summarized in the table below because their inclusion would be anti-dilutive.

 

    As of September 30,  
    2020     2019  
             
Warrants to purchase common stock     125,000       125,000  
Stock options     66,126       319,126  
Unvested restricted stock     206,775       54,440  
Total dilutive securities     397,901       498,566