| Disposal Groups, Including Discontinued Operations [Table Text Block] |
| |
|
Year Ended December 31,
|
|
| |
|
2018
|
|
|
2017
|
|
|
Revenues
|
|
|
|
|
|
|
|
|
|
Consulting fees
|
|
$ |
428,334 |
|
|
$ |
2,079,068 |
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|
Management Fee
|
|
|
255,161 |
|
|
|
55,200 |
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|
Total revenues
|
|
|
683,495 |
|
|
|
2,134,268 |
|
| |
|
|
|
|
|
|
|
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Cost of Sales
|
|
|
|
|
|
|
|
|
|
Consulting expense
|
|
|
120,500 |
|
|
|
1,070,800 |
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|
Total cost of sales
|
|
|
120,500 |
|
|
|
1,070,800 |
|
| |
|
|
|
|
|
|
|
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|
Gross Profit
|
|
|
562,995 |
|
|
|
1,063,468 |
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| |
|
|
|
|
|
|
|
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|
Operating expenses:
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|
|
|
|
|
|
|
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General and administrative
|
|
|
422,929 |
|
|
|
867,722 |
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|
Total operating expenses
|
|
|
422,929 |
|
|
|
867,722 |
|
| |
|
|
|
|
|
|
|
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Income from discontinued operations
|
|
|
140,066 |
|
|
|
195,746 |
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| |
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|
|
|
|
|
|
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Other Income (Expense)
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|
|
|
|
|
|
|
|
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Net gain on asset purchase agreement
|
|
|
159,848 |
|
|
|
- |
|
|
Gain on sale of fixed assets
|
|
̶
|
|
|
|
5,277 |
|
|
Loss on settlement of debt
|
|
|
(41,161 |
)
|
|
|
- |
|
|
Interest expense
|
|
|
(3,695 |
)
|
|
|
(33,578 |
)
|
|
Total other income (expense, net)
|
|
|
114,992 |
|
|
|
(28,301 |
)
|
| |
|
|
|
|
|
|
|
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|
Income before income taxes
|
|
|
255,058 |
|
|
|
167,445 |
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|
Income taxes provision
|
|
|
235,946 |
|
|
|
77,974 |
|
| |
|
|
|
|
|
|
|
|
|
Net (loss) Income from Discontinued Operations
|
|
$ |
19,112 |
|
|
$ |
89,471 |
|
| |
|
Year Ended December 31,
|
|
| |
|
2018
|
|
|
2017
|
|
|
Operating Activities:
|
|
|
|
|
|
|
|
|
|
Net Income (loss) from discontinued operations
|
|
$ |
19,112 |
|
|
$ |
89,471 |
|
|
Adjustments to reconcile net income from discontinued operations
to net cash provided by operating activities:
|
|
|
|
|
|
|
|
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Depreciation expense
|
|
|
4,004 |
|
|
|
11,086 |
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|
Capital gain
|
|
|
- |
|
|
|
(5,277 |
)
|
|
Assets distributed in asset purchase agreement, net
|
|
|
(159,848 |
)
|
|
|
- |
|
|
Loss on settlement of debt
|
|
|
41,161 |
|
|
|
- |
|
|
Changes in operating assets and liabilities
|
|
|
|
|
|
|
|
|
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Due from affiliates
|
|
|
(135,431 |
)
|
|
|
50,727 |
|
|
Prepaid expenses and other current assets
|
|
|
(30,790 |
)
|
|
|
- |
|
|
Accounts payable and accrued expenses
|
|
|
28,991 |
|
|
|
272,967 |
|
|
Income tax payable
|
|
|
234,983 |
|
|
|
48,350 |
|
| |
|
|
|
|
|
|
|
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|
Net cash provided by (used in) operating activities
|
|
|
2,182 |
|
|
|
467,324 |
|
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|
|
|
|
|
|
|
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Investing Activities:
|
|
|
|
|
|
|
|
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Cash disbursed in conjunction with asset purchase agreement
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|
|
(77,492 |
)
|
|
|
- |
|
|
Acquisitions of furniture and equipment
|
|
|
- |
|
|
|
(7,239 |
)
|
| |
|
|
|
|
|
|
|
|
|
Net cash used in investing activities
|
|
|
(77,492 |
)
|
|
|
(7,239 |
)
|
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|
|
|
|
|
|
|
|
|
Financing Activities:
|
|
|
|
|
|
|
|
|
|
Payments on auto loan
|
|
|
(1,324 |
)
|
|
|
(3,752 |
)
|
|
Proceeds from borrowings on note payable from officers
|
|
|
- |
|
|
|
376,298 |
|
|
Repayments of borrowings on note payable form officers
|
|
|
(13,648 |
)
|
|
|
(775,110 |
)
|
| |
|
|
|
|
|
|
|
|
|
Net cash provided by (used in) financing activities
|
|
|
(14,972 |
)
|
|
|
(402,564 |
)
|
| |
|
|
|
|
|
|
|
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|
Net increase (decrease) in cash
|
|
|
(90,282 |
)
|
|
|
57,521 |
|
| |
|
|
|
|
|
|
|
|
|
Cash, beginning of the period
|
|
|
90,282 |
|
|
|
32,761 |
|
| |
|
|
|
|
|
|
|
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|
Cash, end of the period
|
|
$ |
- |
|
|
$ |
90,282 |
|
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|
|
|
|
|
|
|
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|
Supplemental disclosures of cash flow information:
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|
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|
|
|
|
|
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Cash paid during the period
|
|
|
|
|
|
|
|
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|
Interest
|
|
$ |
- |
|
|
$ |
1,452 |
|
|
Income taxes
|
|
$ |
- |
|
|
$ |
29,624 |
|
| |
|
|
|
|
|
|
|
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|
Non-cash investing and financing activities
|
|
|
|
|
|
|
|
|
|
Vehicle purchased through auto loan
|
|
$ |
- |
|
|
$ |
22,789 |
|
|
Loan paid by vehicle trade-in
|
|
|
|
|
|
|
6,130 |
|
|
Conversion of Line of credit, officers to shares of common stock
|
|
$ |
381,787 |
|
|
$ |
- |
|
|
| Schedule of Business Acquisitions, by Acquisition [Table Text Block] |
The allocation of the purchase price of the assets acquired and liabilities assumed based on their fair values was as follows:
|
Cash
|
|
$ |
77,292 |
|
|
Petty Cash
|
|
|
200 |
|
|
Other Receivables
|
|
|
30,790 |
|
|
Accounts Receivable from Affiliates
|
|
|
156,312 |
|
|
Fixed Assets
|
|
|
- |
|
|
Accounts Payable
|
|
|
(218,195 |
)
|
|
Payroll & Payroll Tax
|
|
|
(68,801 |
)
|
|
Accrued Expenses
|
|
|
(91,224 |
)
|
|
Accrued Interest – Solar Equipment
|
|
|
(262 |
)
|
|
Other Accrued Interest
|
|
|
(35,432 |
)
|
|
Auto Loan
|
|
|
(4,034 |
)
|
|
Promissory Note
|
|
|
(54,048 |
)
|
|
Auto Loan
|
|
|
(14,905 |
)
|
|
Equipment Loan – Solar Equipment
|
|
|
(12,298 |
)
|
|
Total
|
|
$ |
(234,605 |
)
|
|