XML 76 R49.htm IDEA: XBRL DOCUMENT v3.26.1
Discontinued Operations (Tables)
12 Months Ended
Dec. 31, 2025
Discontinued Operations [Abstract]  
Schedule of Income from Discontinued Operations

Income from discontinued operations for the years ended December 31, 2025 and 2024 was as follows:

 

   For the Years ended
December 31,
 
   2025   2024 
REVENUES  $43,585   $43,715 
COST OF REVENUES   12,816    9,637 
GROSS PROFIT   30,769    34,078 
           
OPERATING EXPENSES:          
General and administrative expenses   32,072    1,510,233 
Research and development expenses   
-
    312,865 
Selling expenses   11,430    
-
 
Allowance for (Net recovery of) credit losses / doubtful accounts   514,798    (763,539)
Total operating expenses   558,300    1,059,559 
           
OTHER INCOME (EXPENSE)          
Interest income   413,001    413,695 
Interest expense   
-
    
-
 
Other income (expense)   (4,762)   116,949 
Total other income   408,239    530,644 
Loss from discontinued operations before income tax   (119,292)   (494,837)
Income tax provision   
-
    
-
 
Loss from discontinued operations before non-controlling interest   (119,292)   (494,837)
Gain on disposal of discontinued operations   28,311,547    1,054,155 
Less: net income (loss) attributable to non-controlling interests   1,866,066    (223,815)
INCOME FROM DISCONTINUED OPERATIONS  $26,326,189   $783,133 
Schedule of Assets and Liabilities Related to Discontinued Operations

The major components of assets and liabilities related to discontinued operations are summarized below:

 

   December 31,
2025
   December 31,
2024
 
Cash and cash equivalents  $
           -
   $77,630 
Other receivables, net   
-
    613,922 
Advances to suppliers and other current assets, net   
-
    540,582 
Loan receivables        6,955,651 
Property and equipment, net   
-
    2,360,961 
Right of use assets - operating lease   
-
    154,810 
Total assets related to discontinued operations  $
-
   $10,703,556 
           
Accrued expenses and other payables  $
-
   $9,486,695 
Amount due to related parties   
-
    29,036 
Lease liability - operating lease   
-
    154,810 
Total liabilities related to discontinued operations  $
-
   $9,670,541