Annual report pursuant to Section 13 and 15(d)

Discontinued Operations (Tables)

v3.19.1
Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Operation and Assets and Liabilities Related to Discontinued Operations
Assets and liabilities related to the discontinued operations of BDI are approximately as follows as of December 31, 2018 and 2017:

Current Liabilities
  
December 31, 2018
    
December 31, 2017
  
Accounts payable
  
$
16,000
    
$
16,000
  
Accrued expenses
    
-
      
28,000
  
Deferred revenue
    
-
      
137,000
  
Total current liabilities
  
$
16,000
    
$
181,000
  
 
Summarized results of the discontinued operation are as follows for the years ended December 31, 2018 and 2017:

    Years Ended December 31,     
   
2018
    
2017
  
Revenue
  
$
137,000
    
$
37,000
  
Cost of revenue
    
41,000
      
6,000
  
Gross margin
    
96,000
      
31,000
  
Operating expenses
    
-
      
955,000
  
Operating income (loss)
    
96,000
      
(924,000
)
Escrow forfeiture gain
    
-
      
135,000
  
Impairment loss
    
-
      
(2,754,000
)
Income (loss) from discontinued operations, net of tax
  
$
96,000
    
$
(3,543,000
)