Quarterly report pursuant to Section 13 or 15(d)

Note 2 - Discontinued Operations of GCE Mexico and Subsidiaries: Schedule of I/S and B/S of Discontinued operations (Tables)

v3.4.0.3
Note 2 - Discontinued Operations of GCE Mexico and Subsidiaries: Schedule of I/S and B/S of Discontinued operations (Tables)
3 Months Ended
Mar. 31, 2016
Tables/Schedules  
Schedule of I/S and B/S of Discontinued operations

The following financial information presents the discontinued operations for the three months ended March 31, 2016 and March 31, 2015.

 

 

March 31,

 

2016

2015

Major classes of line items constitution pretax profit (loss) of discontinued operations

 

 

Revenue

$-

$8,011

General and administrative expenses

(12,832)

(63,034)

Plantation operating costs

-

(23,204)

Interest Expense

-

(270,692)

Other Income and Expenses

12

1,698

Pretax loss from discontinued operations

(12,820)

(347,221)

Pretax loss on disposal of the discontinue operations

-

-

Total pretax loss on discontinue operations

(12,820)

(347,221)

Income Tax Benefits

-

-

Total loss on discontinued operations

$(12,820)

$(347,221)

 

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 Discontinued Operations that are Disclosed in the Notes to the Financial Statement to Total Assets and Liabilities of the Disposal Group classified as Property and Equipment that are presented in the Consolidated Balance Sheet

 

 

 

 

 

 

  

March 31,

December 31,

 

2016

2015

Carrying amounts of major classes of assets included as part of discontinued operations

(Unaudited)

 

Cash and cash equivalents

$63,919

$217,271

Accounts receivable

-

-

Inventory

-

-

Other Current Assets

-

744

Property and Equipment, Net

-

-

Other noncurrent assets

-

-

Total Assets of the disposal group in the statement of financial position

$63,919

$218,015

 

 

 

Carrying amounts of major classes of liabilities included as part of discontinued operations

 

 

Total Liabilities of the disposal group in the statement of financial positon

$-

$-