| Gain or (loss) from operations of discontinued pharmacies |
The Company’s
loss from operations of discontinued pharmacies, net of tax benefit for the three and six months ended June 30, 2014 and 2013,
respectively are detailed as follows:
| |
|
Three
Months Ended June 30, |
|
|
Six
Months Ended June 30, |
|
| |
|
2014 |
|
|
2013 |
|
|
2014 |
|
|
2013 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Sales |
|
$ |
- |
|
|
$ |
906,980 |
|
|
$ |
- |
|
|
$ |
2,107,730 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cost of sales |
|
|
- |
|
|
|
703,682 |
|
|
|
- |
|
|
|
1,606,794 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Gross profit |
|
|
- |
|
|
|
203,298 |
|
|
|
- |
|
|
|
500,936 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Operating expenses |
|
|
13,613 |
|
|
|
272,337 |
|
|
|
27,894 |
|
|
|
573,307 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Impairment of goodwill |
|
|
- |
|
|
|
697,766 |
|
|
|
- |
|
|
|
697,766 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loss from discontinued operations |
|
|
(13,613 |
) |
|
|
(766,805 |
) |
|
|
(27,894 |
) |
|
|
(770,137 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest expense, net |
|
|
1,031 |
|
|
|
1,537 |
|
|
|
2,051 |
|
|
|
10,197 |
|
| Tax benefit |
|
|
(5,125 |
) |
|
|
(268,920 |
) |
|
|
(10,481 |
) |
|
|
(273,117 |
) |
Loss
from operations of discontinued
pharmacies,
net of tax benefit |
|
$ |
(9,519 |
) |
|
$ |
(499,422 |
) |
|
$ |
(19,464 |
) |
|
$ |
(507,217 |
) |
|
| Assets and liabilities for discontinued operations |
The Company’s
assets and liabilities for discontinued operations included in the consolidated balance sheet as of June 30, 2014 and December
31, 2013 are detailed as follows:
| |
|
June 30, |
|
|
December 31, |
|
| |
|
2014 |
|
|
2013 |
|
| |
|
|
|
|
|
|
| ASSETS |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| Current Assets |
|
|
|
|
|
|
| Accounts receivable, net |
|
$ |
468 |
|
|
$ |
4,048 |
|
| Prepaid and other current assets |
|
|
- |
|
|
|
- |
|
| Assets of discontinued operations |
|
$ |
468 |
|
|
$ |
4,048 |
|
| |
|
|
|
|
|
|
|
|
| Other receivables, net |
|
|
136,440 |
|
|
|
140,563 |
|
| Assets
of discontinued operations, non-current, net |
|
$ |
136,440 |
|
|
$ |
140,563 |
|
| |
|
|
|
|
|
|
|
|
| LIABILITIES |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| Current Liabilities |
|
|
|
|
|
|
|
|
| Accounts payable and accrued expenses |
|
|
95,649 |
|
|
|
150,652 |
|
| Liabilities
of discontinued operations |
|
$ |
95,649 |
|
|
$ |
150,652 |
|
|