| Schedule of discontinued operations |
| Results of Discontinued Operations for the |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
| |
Six Months Ended December 31, 2015 |
|
Six Months Ended December 31, 2014 |
| |
IM Business |
Infinity |
Total |
|
IM Business |
Infinity |
Total |
| Revenues |
$ 25,404 |
$ - |
$ 25,404 |
|
$ 223,963 |
$ - |
$ 223,963 |
| Operating expenses |
3,219 |
2,509 |
5,728 |
|
264,851 |
2,851 |
267,702 |
| Income (Loss) from operations |
22,185 |
(2,509) |
19,676 |
|
(40,888) |
(2,851) |
(43,739) |
| Unrealized gain (loss) on marketable securities |
- |
(33,646) |
(33,646) |
|
- |
(10,250) |
(10,250) |
| Loss on Divestiture |
(212,563) |
- |
(212,563) |
|
- |
- |
- |
| |
|
|
|
|
|
|
|
| Net Income (Loss) |
$ (190,378) |
$ (36,155) |
$ (226,533) |
|
$ (40,888) |
$ (13,101) |
$ (53,989) |
| |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
| |
Three Months Ended December 31, 2015 |
|
Three Months Ended December 31, 2014 |
| |
IM Business |
Infinity |
Total |
|
IM Business |
Infinity |
Total |
| Revenues |
$ 9,426 |
$ - |
$ 9,426 |
|
$ 127,140 |
$ - |
$ 127,140 |
| Operating expenses |
694 |
1,252 |
1,946 |
|
132,415 |
1,373 |
133,788 |
| Income (Loss) from operations |
8,732 |
(1,252) |
7,480 |
|
(5,275) |
(1,373) |
(6,648) |
| Unrealized gain on marketable securities |
- |
(13,667) |
(13,667) |
|
- |
18,578 |
18,578 |
| |
|
|
|
|
|
|
|
| Net Income (Loss) |
$ 8,732 |
$ (14,919) |
$ (6,187) |
|
$ (5,275) |
$ 17,205 |
$ 11,930 |
| |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
| Assets and Liabilities of Discontinued Operations as of |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
| |
December 31, 2015 |
|
June 30, 2015 |
| |
IM Business |
Infinity |
Total |
|
IM Business |
Infinity |
Total |
| |
|
|
|
|
|
|
|
| Assets |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
| Cash |
$ - |
$ - |
$ - |
|
$ - |
$ - |
$ - |
| Prepaid expenses |
- |
- |
- |
|
- |
- |
- |
| Marketable securities |
- |
47,125 |
47,125 |
|
- |
80,771 |
80,771 |
| |
|
|
|
|
|
|
|
| Total Current Assets |
- |
47,125 |
47,125 |
|
- |
80,771 |
80,771 |
| |
|
|
|
|
|
|
|
| Intangible Assets |
- |
- |
- |
|
35,680 |
- |
35,680 |
| Goodwill |
- |
- |
- |
|
255,495 |
- |
255,495 |
| |
|
|
|
|
|
|
|
| Total Assets of Discontinued Operations |
$ - |
$ 47,125 |
$ 47,125 |
|
$ 291,175 |
$ 80,771 |
$ 371,946 |
| |
|
|
|
|
|
|
|
| Liabilities |
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
| Accounts payable |
$ - |
$ 19,375 |
$ 19,375 |
|
$ - |
$ 19,375 |
$ 19,375 |
| Accrued expenses |
- |
70,241 |
70,241 |
|
- |
67,732 |
67,732 |
| Notes payable |
- |
49,550 |
49,550 |
|
- |
51,550 |
51,550 |
| Due to related parties |
- |
21,000 |
21,000 |
|
- |
21,000 |
21,000 |
| |
|
|
|
|
|
|
|
| Total Liabilities of Discontinued Operations |
$ - |
$ 160,166 |
$ 160,166 |
|
$ - |
$ 159,657 |
$ 159,657 |
|