DISCONTINUED OPERATIONS (Tables)

9 Months Ended

Sep. 30, 2018

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Results of Discontinued Operations

Results of the discontinued operations for the nine months ended September 30, 2018 and 2017 are as follows:

	Three Months Ended September 30, 2018		Three Months Ended September 30, 2017			Nine Months Ended September 30, 2018		Nine Months Ended September 30, 2017

REVENUES	$	—	$	—		$	—	$	4,606
COST OF SALES		—		—			—		2,382

GROSS PROFIT		—		—			—		2,224

OPERATING EXPENSES
Amortization Expense		—		425			—		1,275
Depreciation Expenses		—		106			—		320
Marketing Expense		—		—			—		32,095
Other General and Administrative		—		46,446			—		283,109
Total operating income (expenses)		—		46,977			—		316,799
Income (loss) from operations	$	—	$	(46,977	)	$	—	$	(314,575	)

Schedule of Cash Flow from Discontinued Operations

	Nine Months Ended September 30, 2018		Nine Months Ended September 30, 2017
CASH FLOWS FROM OPERATING ACTIVITIES
Net Loss from operations	$	—	$	(314,575	)
Adjustments to reconcile net loss to net cash
Depreciation and Amortization		—		1,595
Stock issued for services		—		20,000
Change in assets and liabilities:
Prepaid expenses		—		(7,861	)
Inventory		—		13,338
Accounts payable and accrued expenses		—		45,821
Net cash used in operating activities	$	—	$	(241,682	)
CASH FLOWS FROM FINANCING ACTIVITIES
Shareholder Contributions	$	—	$	53,790
Net cash used in financing activities	$	—	$	53,790

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

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+ Details

MINING POWER GROUP, INC. 10-Q