Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations and Disposition of Operating Segment (Tables)

v3.19.3
Discontinued Operations and Disposition of Operating Segment (Tables)
9 Months Ended
Sep. 30, 2019
DropCar Segment [Member]  
Schedule of discontinued operations
   

For the Three

Months Ended

September 30,

2018

   

For the Nine

Months Ended

September 30,

2018

 
             
Revenues   $ 3,222,928     $ 10,871,777  
Cost of revenues     2,649,168       8,576,847  
Gross profit     573,760       2,294,930  
                 
Selling, general and administrative expenses     575,248       1,691,934  
Depreciation and amortization     78,954       221,897  
Total Operating Expenses     654,202       1,913,831  
                 
Operating income (loss)     (80,442 )     381,099  
                 
Interest expense, net     (3,294 )     (3,892 )
                 
Net income (loss) from discontinued operations   $ (83,736 )   $ 377,207