| 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 nine months ended September
30, 2014 and 2013, respectively are detailed as follows:
| |
|
Three
Months Ended September 30, |
|
|
Nine
Months Ended September 30, |
|
| |
|
2014 |
|
|
2013 |
|
|
2014 |
|
|
2013 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Sales |
|
$ |
- |
|
|
$ |
162,806 |
|
|
$ |
- |
|
|
$ |
2,270,536 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cost of sales |
|
|
- |
|
|
|
119,864 |
|
|
|
- |
|
|
|
1,726,658 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Gross profit |
|
|
- |
|
|
|
42,942 |
|
|
|
- |
|
|
|
543,878 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Operating expenses |
|
|
6,743 |
|
|
|
157,793 |
|
|
|
34,637 |
|
|
|
731,100 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Impairment of goodwill |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
697,766 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loss from discontinued operations |
|
|
(6,743 |
) |
|
|
(114,851 |
) |
|
|
(34,637 |
) |
|
|
(884,988 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Interest expense, net |
|
|
- |
|
|
|
1,950 |
|
|
|
2,051 |
|
|
|
12,147 |
|
| Tax benefit |
|
|
(2,360 |
) |
|
|
(40,880 |
) |
|
|
(12,841 |
) |
|
|
(313,997 |
) |
Loss
from operations of discontinued
pharmacies,
net of tax benefit |
|
$ |
(4,383 |
) |
|
$ |
(75,921 |
) |
|
$ |
(23,847 |
) |
|
$ |
(583,138 |
) |
|
| Assets and liabilities for discontinued operations |
The Company’s
assets and liabilities for discontinued operations included in the consolidated balance sheet as of September 30, 2014 and December
31, 2013 are detailed as follows:
| |
|
September 30, |
|
|
December 31, |
|
| |
|
2014 |
|
|
2013 |
|
| |
|
|
|
|
|
|
| ASSETS |
|
|
|
|
|
|
| |
|
|
|
|
|
|
| Current Assets |
|
|
|
|
|
|
| Accounts receivable, net |
|
$ |
428 |
|
|
$ |
4,048 |
|
| Prepaid and other current assets |
|
|
- |
|
|
|
- |
|
| Assets of discontinued operations |
|
$ |
428 |
|
|
$ |
4,048 |
|
| |
|
|
|
|
|
|
|
|
| Other receivables, net |
|
|
133,377 |
|
|
|
140,563 |
|
| Assets
of discontinued operations, non-current, net |
|
$ |
133,377 |
|
|
$ |
140,563 |
|
| |
|
|
|
|
|
|
|
|
| LIABILITIES |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| Current Liabilities |
|
|
|
|
|
|
|
|
| Accounts payable and accrued expenses |
|
|
78,408 |
|
|
|
150,652 |
|
| Liabilities
of discontinued operations |
|
$ |
78,408 |
|
|
$ |
150,652 |
|
|