Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.20.2
Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 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 six months ended June 30, 2020 and 2019:

 

    Three Months Ended June 30,     Six Months Ended June 30,  
    2020     2019     2020     2019  
                         
Revenues   $ -     $ 2,305     $ -     $ 41,483  
                                 
Cost of Sales     7,787       13,027       15,143       29,625  
Depreciation and amortization     1,676       4,207       1,676       8,446  
Sales and marketing     80,425       69,424       105,114       154,404  
General and administrative     (37,620 )     300,251       -       583,299  
Non-operating (expense) income     (5,553 )     9,811       (5,553 )     4,261  
Loss from discontinued operations before income tax     (57,821 )     (374,793 )     (127,486 )     (730,030 )
Income tax expense     -       7,383       -       7,383  
Net loss from discontinued operations   $ (57,821 )   $ (382,176 )   $ (127,486 )   $ (737,413 )

Schedule of Antidilutive Securities Excluded from Computation of Earnings Per Share

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

  

    As of June 30,  
    2020     2019  
             
Warrants to purchase common stock     125,000       153,907  
Stock options     66,126       319,126  
Unvested restricted stock     206,775       66,593  
Total dilutive securities     397,901       539,626