General form of registration statement for all companies including face-amount certificate companies

Discontinued Operations (FY) (Tables)

v3.19.3
Discontinued Operations (FY) (Tables) - Yield Endurance [Member]
 4 Months Ended
Dec. 31, 2018
Discontinued Operations in the Consolidated Statement of Operations [Member]  
Discontinued Operations [Line Items]  
Disposal Groups, Including Discontinued Operations

The following information presents the major classes of line items constituting the after-tax loss from discontinued operations in the consolidated statements of operations for the year ended August 31, 2018:

 

Share income

   $ (48,593

)

Sales, general and administrative

     368,032  

Interest expense – accrued interest

     117,534  

Interest expense – excess value of warrants

     2,988,090  

Interest expense – amortization of discount on note payable

     5,500,000  

Mark to market BTC

     509,730  

Mark to market derivative liability

     (4,051,087

)

Reserve for uncollectible note receivable

     4,490,270  

Gain on disposal of discontinued operations

     (8,038,065

)

Loss from discontinued operations, net of tax

   $ 1,835,911  
Discontinue Operations in the Consolidated Balance Sheets [Member]  
Discontinued Operations [Line Items]  
Disposal Groups, Including Discontinued Operations

The following table presents the calculation of the gain on the sale of discontinued operations:

 

Assets of discontinued operations disposed in sale

   $ (9,415

)

Liabilities of discontinued operations disposed in sale

     9,648,488  

Fair value of warrants to purchase 384,615 shares of common stock to buyer

     (1,601,008

)

Gain on disposal of discontinued operations

   $ 8,038,065