Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations and Disposition of Operating Segment (Tables)

v3.19.2
Discontinued Operations and Disposition of Operating Segment (Tables)
6 Months Ended
Jun. 30, 2019
DropCar Segment [Member]  
Schedule of discontinued operations
    For the Three Months Ended June 30, 2018     For the Six Months Ended June 30, 2018  
             
Revenues   $ 4,466,370     $ 7,648,849  
Cost of revenues     3,601,403       5,927,679  
Gross profit     864,967       1,721,170  
                 
Selling, general and administrative expenses     626,886       1,116,686  
Depreciation and amortization     86,098       142,943  
Total Operating Expenses     712,984       1,259,629  
                 
Operating income     151,983       461,541  
                 
Interest expense, net     (418 )     (598 )
                 
Net income from discontinued operations   $ 151,565     $ 460,943