MIT Holding, Inc. - FORM 10-Q - XML - IDEA: XBRL DOCUMENT - December 6, 2012



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EX-32.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER - MIT Holding, Inc.ex32-1.htm
EX-31.1 - CERTIFICATION OF CHIEF EXECUTIVE OFFICER PURSUANT TO RULE 13A-14(A) AND RULE 15D-14(A) - MIT Holding, Inc.ex31-1.htm
EX-32.2 - CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER - MIT Holding, Inc.ex32-2.htm
EX-31.2 - CERTIFICATION OF PRINCIPAL FINANCIAL OFFICER PURSUANT TO RULE 13A-14(A) AND RULE 15D-14(A) - MIT Holding, Inc.ex31-2.htm
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10-Q - MIT Holding, Inc.form10q.htm
EXCEL - IDEA: XBRL DOCUMENT - MIT Holding, Inc.Financial_Report.xls
v2.4.0.6
Loss on Discontinued Operations
9 Months Ended
Sep. 30, 2012
Discontinued Operations and Disposal Groups [Abstract]  
Loss on Discontinued Operations

NOTE Q – LOSS ON DISCONTINUED OPERATIONS

 

As noted in the 8k issued on September 20, 2011, MITRX Corporation, a wholly owned subsidiary of MIT Holding Inc. (“MIT” or the “Company”) executed two Stock Purchase agreements selling One hundred Percent (100%) of each of the companies; National Direct Home Pharmacy, Inc to TDT Investments Inc. and Palmetto Long Term Care Pharmacy, Inc. to Pharmco, Inc.  There are no material relationships between the purchasers, its owners, affiliates, officers or directors and MIT’s officers, directors or affiliates, other than Tommy Duncan who is a long term director of MIT, who abstained from any voting pertaining to these transactions.

 

The operations of the company for the period January 20, 2011 to August 19,2011 is summarized below

 

    Results of Operations  
       
Sales and Services rendered   $ 12,901,669  
         
Cost of Medical Supplies     10,515,438  
         
Gross profit     2,386,231  
Operating Expenses        
Salaries and payroll costs     1,881,909  
Selling, general and administrative     1,424,525  
Depreciation Expense     28,583  
Total Operating Expenses   $ 3,335,017  
         
Income (loss) from operations   $ (948,786 )

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