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DISCONTINUED OPERATIONS (Tables)
6 Months Ended
Jun. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]  
SCHEDULE OF DISCONTINUED OPERATIONS

The composition of assets and liabilities included in discontinued operations are as follows:

 

  

January 13,

2023

  

December 31,

2022

 
   ($)   ($) 
Assets:          
Real Estate          
Land  $        -   $4,908,590 
Building and Improvements   -    21,933,889 
Less: Accumulated Depreciation   -    (973,257)
Total Real Estate   -    25,869,222 
           
Cash   -    1,186,658 
Accounts Receivable   -    34,743 
Related Party Receivable   -    4,800 
Prepaid Expenses   -    4,413 
Total Assets  $-   $27,099,836 
           
Liabilities:          
           
Accounts Payable and Accrued Expenses  $-   $1,112,932 
Total Liabilities  $-   $1,112,932 

 

 

The aggregate financial results of discontinued operations were as follows:

 

  

Period Ended

January 13, 2023

  

Six Months

Ended June 30, 2022

 
Income Statement Disclosures Attributable to Discontinued Operation        
Rental Revenue  $81,767   $636,482 
           
Expenses          
General and Administrative   31,315    383,801 
Cost of Revenues   31,506    221,254 
Depreciation Expense   29,121    313,753 
           
Total Operating Expenses   91,942    918,808 
           
Loss From Operations   (10,175)   (282,326)
           
Bank Charges   -    3 
Total Other Expense   -    3 
           
Loss from Discontinued Operations  $(10,175)  $(282,329)

 

The cash flows attributable to the discontinued operations are as follows:

 

  

Period Ended

January 13, 2023

  

Six Months

Ended

June 30, 2022

 
Cash Flows Attributable to Discontinued Operations        
Operating  $10,175   $257,407 
Investing   -    (1,324,978)
Financing   -    - 
Net Change in Cash  $10,175   $(1,067,571)