DISCONTINUED OPERATIONS

3 Months Ended

Mar. 31, 2025

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS

NOTE 16 – DISCONTINUED OPERATIONS

Subsequent to March 31, 2025, Jubilee Intel, LLC is no longer a wholly-owned subsidiary of the Company (Note 17). The assets and liabilities associated with this business are displayed as assets and liabilities from discontinued operations as of March 31, 2025 and December 31, 2024. Additionally, the revenues and costs associated with this business are displayed as losses from discontinued operations.

Total assets and liabilities included in discontinued operations were as follows:

Jubilee entered into a Line of Credit Agreement (“LOC”), with NMG Media, LLC (the “Lender”) on February 24, 2025, effective from October 1, 2024 (“Effective Date”). Jubilee received a loan from the lender for $26,161. The LOC bears interest at 6% per annum and matures in 180 days.

	March 31, 2025		December 31, 2024
Assets from Discontinued Operations:
Cash	$	8,352	$	22,386
Accounts receivable		15,266		555,195
Total assets from discontinued operations	$	23,618	$	577,581
Liabilities from Discontinued Operations:
Line of credit	$	26,161	$	26,161
Total liabilities from discontinued operations	$	26,161	$	26,161

Net loss from discontinued operations for the three months ended March 31, 2025, was comprised of the following components:

Discontinued operations - net income (loss)	March 31, 2025			December 31, 2024
Revenue
Service revenue	$	—		$	609,549
Revenue total	$	—		$	609,549
Expenses:
General and administrative - cost of revenue	$	38,169		$	89,087
General and administrative - other costs		74,127			141,968
Bad debts		314,664			—
Expenses total		426,960			231,055
Net profit(loss) from discontinued operations		(426,960	)		378,494
Discontinued operations - cash flows
Net profit(loss) for the year from discontinued operations	$	(426,960	)	$	378,494
Net cash (used in) operating activities from discontinued operations	$	(426,960	)	$	378,494