SCHEDULE OF DISCONTINUED OPERATION (Details) |
12 Months Ended |
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Dec. 31, 2020
USD ($)
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Discontinued Operations and Disposal Groups [Abstract] | |
REVENUES | $ 541,200 |
Payroll and related expenses | 515,741 |
General and administrative | 53,398 |
Total operating expenses | 569,139 |
Financing costs including interest | 46,967 |
Gain on debt extinguishment | (1,032,160) |
INCOME FROM DISCONTINUED OPERATIONS | 957,254 |
Net income from discontinued operations | 957,254 |
Gain on forgiveness or assumption of promissory notes and accrued expenses | (1,032,160) |
Increase in accounts payable and accrued expenses | 22,500 |
Increase in accrued interest - related party | 46,967 |
Net cash provided by operating activities | (5,439) |
Proceeds from promissory notes - related parties | 338,373 |
Repayments on promissory notes – related parties | (1,590) |
Net cash provided by financing activities | 336,783 |
Net cash provided by discontinued operations | $ 331,344 |
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- Definition Amount of financing costs including interest attributable to disposal group, including, but not limited to, discontinued operation. No definition available.
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- Definition Disposal group including discontinued operation gain on debt extinguishment. No definition available.
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- Definition Disposal group including discontinued operation payroll and related expenses. No definition available.
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- Definition Proceeds from promissory notes - related parties. No definition available.
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- Definition Disposal group including discontinued operation repayments on promissory notes related parties. No definition available.
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- Definition Gain from discontinued operations. No definition available.
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- Definition Gain on forgiveness or assumption of promissory notes and accrued expenses on discontinued operations. No definition available.
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- Definition Increase in accounts payable and accrued expenses relating to discontinued operations. No definition available.
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- Definition Increase in accrued interest - related party relating to discontinued operations. No definition available.
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- Definition Amount of cash inflow (outflow) of financing activities of discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of cash inflow (outflow) of operating activities of discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of general and administrative expense attributable to disposal group, including, but not limited to, discontinued operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of operating expense attributable to disposal group, including, but not limited to, discontinued operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of revenue attributable to disposal group, including, but not limited to, discontinued operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax of income (loss) from a discontinued operation attributable to the parent. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Increase (decrease) in cash associated with the entity's discontinued operations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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