Processa Pharmaceuticals, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Discontinued Operations, Disclosure: Schedules of Discontinued Operations (Tables)

Discontinued Operations, Disclosure: Schedules of Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2016

	Three months ended September 30,				Nine months ended September 30,
	2016		2015		2016		2015
Revenue	$	--	$	--	$	--	$	28,870
Expense		42		65,584		(1,750)		331,251
Net Loss, before Other income and expense and taxes		(42)		(65,584)		(1,750)		(302,381)
Other income (expense)		--		(7,775)		536		(34,607)
Income tax benefit		--		--		--		--
Net Income (Loss), net of tax	$	(42)	$	(72,359)	$	1,214	$	(336,988)

The balance sheet items for discontinued operations as of September 30, 2016 and December 31, 2015 are summarized below:

	2016		2015
Cash and cash equivalents	$	3,542	$	12,350
Total assets	$	3,542	$	12,350

Payables and accrued liabilities		--		70,358
Short-term debt		--		229,980
Total liabilities	$	--	$	300,338

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

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+ Details