19. DISCONTINUED OPERATIONS (Tables)

6 Months Ended

Jun. 30, 2013

Discontinued Operations and Disposal Groups [Abstract]

	Six Months Ended June 30,
	2013			2012

Revenues	$	133,975		$	342,980
Cost of revenue		95,082			762,090
Gross profit		38,893			(419,110	)
Operating expenses		366,907			409,121
Loss from operations		(328,014	)		(828,231	)
Non-operating income		804,493			(18,497	)
Net income (loss)	$	476,479		$	(846,728

	June 30,		December 31,
	2013		2012

Current assets	$	78,112	$	83,905
Long-term assets		4,412,354		4,593,585
	$	4,490,466	$	4,677,490

Current liabilities	$	8,254,644	$	8,972,156

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

+ References+ Details

VelaTel Global Communications, Inc. 10-Q/A