| Schedule of I/S and B/S of Discontinued operations |
The following financial information presents the discontinued operations for the years ended December 31, 2015 and 2014, respectively. | | 2015 | 2014 | | | | | | Major classes of line items constitution pretax profit (loss) of discontinue operations | | | | Revenue | $34,755 | $51,494 | | General and administrative | (338,278) | (751,543) | | Gain (Loss) on disposal of Fixed Assets | (75,623) | - | | Loss on Write down of long lived assets | (6,375,321) | - | | Plantation operating costs | - | (125,095) | | Interest expense | (821,098) | (978,400) | | Gain on settlement of liabilities | 200,263 | 24,653 | | Other income and expense | 2,706 | 354 | | Pretax loss of discontinued operations | (7,372,597) | (1,778,536) | | Pretax loss on the disposal of the discontinue operation | (72,343) | - | | Total pretax loss on discontinue operations | (7,444,940 | (1,778,536) | | Income tax benefit | - | - | | Total loss on discontinued operations | $(7,444,940 | $(1,778,536) | The following table presents the aggregate carrying amounts of the classes of assets and liabilities of discontinued operations: | Reconciliation of the Carrying Amounts of Major Classes of Assets and LIabilities of the Discontinue Operations that are | | Disclosed in the Notes to Financial Statement to Total Assets and Liabilities of the Disposal Group classified as Property and Equipment | | that are presented in the Statement of Financial Position | | | | | | Carrying amounts of major classes of assets included as part of discontinued operations | 2015 | 2014 | | Cash and cash equivalents | 217,271 | $46,941 | | Accounts receivable | - | 2,767 | | Inventory | - | 7,418 | | Other current assets | 397 | 29,853 | | Property and Equipment, Net | - | 13,377,936 | | Other noncurrent assets | - | 3,118 | | Total Assets of the disposal group in the statement of financial position | $217,668 | $13,468,033 | | | | | | Carrying amounts of major classes of liabilities included as part of discontinued operations | | | Accounts payable and accrued expenses | $- | $269,717 | | Accrued payroll and payroll taxes | - | 11,652 | | Accrued interest payable | - | 3,912,865 | | Accrued return on noncontrolling interest | - | 10,101,080 | | Mortgage notes payable | - | 5,110,189 | | Total Liabilities of the disposal group in the statement of fiancial position | $- | $19,124,134 |
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