Quarterly report pursuant to Section 13 or 15(d)

M. DISCONTINUED OPERATIONS (Tables)

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M. DISCONTINUED OPERATIONS (Tables)
 3 Months Ended
Mar. 31, 2018
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of discontinued operations activity

The following table summarizes the statements of operations information for discontinued operations.

 

   

For the Three Months Ended

March 31,

  
    2018     2017  
Revenues, net:                
Product   $ –     $ 653,839  
Recurring     –       925,837  
Total Net Revenues     –       1,579,676  
                 
Cost of Sales:                
Product     –       424,829  
Recurring     –       209,179  
Total Cost of Sales     –       634,008  
                 
Gross Profit     –       945,668  
                 
Operating Expenses:                
Selling, general and administrative     –       262,034  
Depreciation and amortization     –       60,420  
Total Operating Expenses     –       322,454  
                 
Income from Discontinued Operations before Provision for Income Taxes     –       623,214  
                 
Provision for Income Taxes     –       51,412  
Income from Discontinued Operations (net of tax)   $ –     $ 571,802