Annual report pursuant to Section 13 and 15(d)

Discontinued Operations (Tables)

v3.20.1
Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2019
2017 REGS Railcar Cleaning Division [Member]  
Schedule of Major Classes of Line Items Constituting Pretax Loss On Discontinued Operations

Major classes of line items constituting pretax loss on discontinued operations:

 

    For the year ending  
    December 31,  
    2019     2018  
             
Services revenue   $ -     $ -  
                 
Services costs     -       -  
General and administrative expenses     -       -  
Salaries and related expenses     -       -  
Other income (expense)     -       41,000  
Total expenses     -       41,000  
                 
Operating income     -       41,000  
Income tax benefit     -       -  
                 
Total income from discontinued operations   $ -     $ 41,000  

2019 REGS Railcar Cleaning Division [Member]  
Schedule of Major Classes of Line Items Constituting Pretax Loss On Discontinued Operations

Major classes of line items constituting pretax loss on discontinued operations:

 

    For the year ending  
    December 31,  
    2019     2018  
             
Services revenue   $ 1,661,500     $ 2,946,800  
                 
Services costs     (2,481,400 )     (3,126,900 )
General and administrative expenses     (502,400 )     (412,000 )
Salaries and related expenses     (512,400 )     (502,100 )
Other income (expense)     49,300       (40,600 )
Total expenses     (3,446,900 )     (4,081,600 )
                 
Operating income     (1,785,400 )     (1,134,800 )
Income tax benefit     -       -  
                 
Total income from discontinued operations   $ (1,785,400 )   $ (1,134,800 )