Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations (Tables)

v3.10.0.1
Discontinued Operations (Tables)
9 Months Ended
Sep. 30, 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 were approximately as follows as of September 30, 2018 (unaudited) and December 31, 2017:
 
Current Liabilities
 
September 30, 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
Schedule of Income Statements related to Discontinued Operation
Summarized results of the discontinued operation are as follows for the three and nine months ended September 30, 2018 and 2017 (unaudited):
   
Three Months Ended September 30,
   
Nine Months Ended September 30,
 
   
2018
   
2017
   
2018
   
2017
 
Revenue
 
$
-
   
$
7,000
   
$
137,000
   
$
37,000
 
Cost of revenue
   
-
     
2,000
     
41,000
     
6,000
 
Gross margin
   
-
     
5,000
     
96,000
     
31,000
 
Operating expenses
   
-
     
(26,000
)
   
-
     
975,000
 
Operating income (loss)
   
-
     
31,000
     
96,000
     
(944,000
)
Escrow forfeiture gain
   
-
     
-
     
-
     
135,000
 
Impairment loss
   
-
     
-
     
-
     
(2,754,000
)
Income (loss) from discontinued operations, net of tax
 
$
-
   
$
31,000
   
$
96,000
   
$
(3,563,000
)