| Schedule of discontinued operations |
| |
|
For the Three Months Ended |
|
| |
|
March 31, |
|
| |
|
2021 |
|
|
2020 |
|
| |
|
|
|
|
|
|
| Revenues |
|
$ |
5,334,010 |
|
|
$ |
4,987,312 |
|
| Operating costs and expenses |
|
|
4,386,493 |
|
|
|
4,715,266 |
|
| Income from operations |
|
|
947,517 |
|
|
|
272,046 |
|
| Other income |
|
|
689,525 |
|
|
|
2,743 |
|
| Net income from discontinued operations, before tax |
|
|
1,637,042 |
|
|
|
274,789 |
|
| Income tax |
|
|
- |
|
|
|
- |
|
| Income from discontinued operations,
net of tax provision |
|
$ |
1,637,042 |
|
|
$ |
274,789 |
|
| |
|
March 31, |
|
|
December 31, |
|
| |
|
2021 |
|
|
2020 |
|
| Assets |
|
|
|
|
|
|
| Cash |
|
$ |
2,917,217 |
|
|
$ |
3,633,292 |
|
| Accounts receivable |
|
|
2,009,129 |
|
|
|
1,804,627 |
|
| Prepaid expenses and other assets |
|
|
255,843 |
|
|
|
289,968 |
|
| Property and equipment, net |
|
|
1,554,769 |
|
|
|
1,674,355 |
|
| Goodwill |
|
|
4,083,621 |
|
|
|
4,083,621 |
|
| Intangible assets, net |
|
|
11,690,264 |
|
|
|
12,305,887 |
|
| Deposits |
|
|
79,500 |
|
|
|
79,500 |
|
| Deferred production costs |
|
|
12,727,543 |
|
|
|
12,058,592 |
|
| Due from affiliates |
|
|
11,968,377 |
|
|
|
9,433,975 |
|
| Current assets held for sale |
|
$ |
47,286,263 |
|
|
$ |
45,363,817 |
|
| |
|
|
|
|
|
|
|
|
| Liabilities |
|
|
|
|
|
|
|
|
| Accounts payable |
|
$ |
504,801 |
|
|
$ |
211,228 |
|
| Accrued expenses and other liabilities |
|
|
3,858,076 |
|
|
|
3,804,301 |
|
| Accrued interest |
|
|
- |
|
|
|
4,224 |
|
| Deferred revenue |
|
|
2,278,172 |
|
|
|
1,970,668 |
|
| Deferred rent |
|
|
2,607,416 |
|
|
|
2,493,526 |
|
| Loans payable |
|
|
- |
|
|
|
685,300 |
|
| Current liabilities held for sale |
|
$ |
9,248,465 |
|
|
$ |
9,169,247 |
|
|