0001503658 2023-01-01 2023-06-30 0001503658 2023-08-10 0001503658 2023-06-30 0001503658 2022-12-31 0001503658 us-gaap:RelatedPartyMember 2023-06-30 0001503658 us-gaap:RelatedPartyMember 2022-12-31 0001503658 2023-04-01 2023-06-30 0001503658 2022-04-01 2022-06-30 0001503658 2022-01-01 2022-06-30 0001503658 us-gaap:CommonStockMember 2022-12-31 0001503658 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001503658 us-gaap:RetainedEarningsMember 2022-12-31 0001503658 LVDW:TotalLiquidValueDevelopmentIncStockholdersEquityMember 2022-12-31 0001503658 us-gaap:NoncontrollingInterestMember 2022-12-31 0001503658 us-gaap:CommonStockMember 2023-03-31 0001503658 us-gaap:AdditionalPaidInCapitalMember 2023-03-31 0001503658 us-gaap:RetainedEarningsMember 2023-03-31 0001503658 LVDW:TotalLiquidValueDevelopmentIncStockholdersEquityMember 2023-03-31 0001503658 us-gaap:NoncontrollingInterestMember 2023-03-31 0001503658 2023-03-31 0001503658 us-gaap:CommonStockMember 2021-12-31 0001503658 us-gaap:AdditionalPaidInCapitalMember 2021-12-31 0001503658 us-gaap:RetainedEarningsMember 2021-12-31 0001503658 LVDW:TotalLiquidValueDevelopmentIncStockholdersEquityMember 2021-12-31 0001503658 us-gaap:NoncontrollingInterestMember 2021-12-31 0001503658 2021-12-31 0001503658 us-gaap:CommonStockMember 2022-03-31 0001503658 us-gaap:AdditionalPaidInCapitalMember 2022-03-31 0001503658 us-gaap:RetainedEarningsMember 2022-03-31 0001503658 LVDW:TotalLiquidValueDevelopmentIncStockholdersEquityMember 2022-03-31 0001503658 us-gaap:NoncontrollingInterestMember 2022-03-31 0001503658 2022-03-31 0001503658 us-gaap:CommonStockMember 2023-01-01 2023-03-31 0001503658 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-03-31 0001503658 us-gaap:RetainedEarningsMember 2023-01-01 2023-03-31 0001503658 LVDW:TotalLiquidValueDevelopmentIncStockholdersEquityMember 2023-01-01 2023-03-31 0001503658 us-gaap:NoncontrollingInterestMember 2023-01-01 2023-03-31 0001503658 2023-01-01 2023-03-31 0001503658 us-gaap:CommonStockMember 2023-04-01 2023-06-30 0001503658 us-gaap:AdditionalPaidInCapitalMember 2023-04-01 2023-06-30 0001503658 us-gaap:RetainedEarningsMember 2023-04-01 2023-06-30 0001503658 LVDW:TotalLiquidValueDevelopmentIncStockholdersEquityMember 2023-04-01 2023-06-30 0001503658 us-gaap:NoncontrollingInterestMember 2023-04-01 2023-06-30 0001503658 us-gaap:CommonStockMember 2022-01-01 2022-03-31 0001503658 us-gaap:AdditionalPaidInCapitalMember 2022-01-01 2022-03-31 0001503658 us-gaap:RetainedEarningsMember 2022-01-01 2022-03-31 0001503658 LVDW:TotalLiquidValueDevelopmentIncStockholdersEquityMember 2022-01-01 2022-03-31 0001503658 us-gaap:NoncontrollingInterestMember 2022-01-01 2022-03-31 0001503658 2022-01-01 2022-03-31 0001503658 us-gaap:CommonStockMember 2022-04-01 2022-06-30 0001503658 us-gaap:AdditionalPaidInCapitalMember 2022-04-01 2022-06-30 0001503658 us-gaap:RetainedEarningsMember 2022-04-01 2022-06-30 0001503658 LVDW:TotalLiquidValueDevelopmentIncStockholdersEquityMember 2022-04-01 2022-06-30 0001503658 us-gaap:NoncontrollingInterestMember 2022-04-01 2022-06-30 0001503658 us-gaap:CommonStockMember 2023-06-30 0001503658 us-gaap:AdditionalPaidInCapitalMember 2023-06-30 0001503658 us-gaap:RetainedEarningsMember 2023-06-30 0001503658 LVDW:TotalLiquidValueDevelopmentIncStockholdersEquityMember 2023-06-30 0001503658 us-gaap:NoncontrollingInterestMember 2023-06-30 0001503658 us-gaap:CommonStockMember 2022-06-30 0001503658 us-gaap:AdditionalPaidInCapitalMember 2022-06-30 0001503658 us-gaap:RetainedEarningsMember 2022-06-30 0001503658 LVDW:TotalLiquidValueDevelopmentIncStockholdersEquityMember 2022-06-30 0001503658 us-gaap:NoncontrollingInterestMember 2022-06-30 0001503658 2022-06-30 0001503658 LVDW:SedIntelligentHomeIncMember 2023-06-30 0001503658 2009-12-10 2023-06-30 0001503658 LVDW:MAndTBankLoansMember LVDW:DevelopmentLoanAgreementMember LVDW:SedMarylandDevelopmentLlcMember 2022-03-15 0001503658 LVDW:MAndTBankLoansMember LVDW:DevelopmentLoanAgreementMember LVDW:SedMarylandDevelopmentLlcMember 2022-03-14 2022-03-15 0001503658 srt:MinimumMember us-gaap:BuildingAndBuildingImprovementsMember 2023-06-30 0001503658 srt:MaximumMember us-gaap:BuildingAndBuildingImprovementsMember 2023-06-30 0001503658 srt:MinimumMember 2023-01-01 2023-06-30 0001503658 srt:MaximumMember 2023-01-01 2023-06-30 0001503658 LVDW:FrontFootBenefitAssessmentMember 2023-01-01 2023-06-30 0001503658 LVDW:FrontFootBenefitAssessmentMember 2023-04-01 2023-06-30 0001503658 LVDW:FrontFootBenefitAssessmentMember 2022-04-01 2022-06-30 0001503658 LVDW:FrontFootBenefitAssessmentMember 2022-01-01 2022-06-30 0001503658 LVDW:SubsidiaryOneMember 2023-01-01 2023-06-30 0001503658 LVDW:SubsidiaryTwoMember 2023-01-01 2023-06-30 0001503658 LVDW:SubsidiaryThreeMember 2023-01-01 2023-06-30 0001503658 LVDW:SubsidiaryFourMember 2023-01-01 2023-06-30 0001503658 LVDW:SubsidiaryFiveMember 2023-01-01 2023-06-30 0001503658 LVDW:SubsidiarySixMember 2023-01-01 2023-06-30 0001503658 LVDW:SubsidiarySevenMember 2023-01-01 2023-06-30 0001503658 LVDW:SubsidiaryEightMember 2023-01-01 2023-06-30 0001503658 LVDW:SubsidiaryNineMember 2023-01-01 2023-06-30 0001503658 LVDW:SubsidiaryTenMember 2023-01-01 2023-06-30 0001503658 LVDW:SubsidiaryElevenMember 2023-01-01 2023-06-30 0001503658 LVDW:SubsidiaryTwelveMember 2023-01-01 2023-06-30 0001503658 LVDW:SubsidiaryThirteenMember 2023-01-01 2023-06-30 0001503658 LVDW:PurchaseAgreementsMember LVDW:SedMarylandDevelopmentLlcMember 2015-11-01 2015-11-30 0001503658 LVDW:NVRIncMember 2015-11-30 0001503658 LVDW:NVRIncMember 2019-01-03 0001503658 LVDW:NVRIncMember 2020-04-28 0001503658 LVDW:NVRIncMember 2023-06-30 0001503658 LVDW:NVRIncMember 2022-12-31 0001503658 LVDW:MAndTBankLoansMember LVDW:DevelopmentLoanAgreementMember LVDW:SedMarylandDevelopmentLlcMember 2019-04-17 0001503658 LVDW:MAndTBankLoansMember LVDW:DevelopmentLoanAgreementMember us-gaap:BaseRateMember LVDW:SedMarylandDevelopmentLlcMember 2019-04-16 2019-04-17 0001503658 us-gaap:LetterOfCreditMember LVDW:MAndTBankLoansMember LVDW:DevelopmentLoanAgreementMember LVDW:SedMarylandDevelopmentLlcMember 2019-04-17 0001503658 LVDW:MAndTBankLoansMember LVDW:DevelopmentLoanAgreementMember LVDW:SedMarylandDevelopmentLlcMember 2019-04-16 2019-04-17 0001503658 LVDW:MAndTBankLoansMember LVDW:DevelopmentLoanAgreementMember LVDW:SedMarylandDevelopmentLlcMember 2023-06-30 0001503658 LVDW:MAndTBankLoansMember LVDW:DevelopmentLoanAgreementMember LVDW:SedMarylandDevelopmentLlcMember 2022-12-31 0001503658 LVDW:MAndTBankLoansMember LVDW:PaycheckProtectionProgramMember 2021-02-11 0001503658 LVDW:SedHomeLimitedMember 2023-06-30 0001503658 LVDW:AlsetEHomeIncMember us-gaap:RelatedPartyMember 2023-06-30 0001503658 LVDW:AlsetEHomeIncMember us-gaap:RelatedPartyMember 2022-12-31 0001503658 LVDW:AlsetEHomeIncMember 2023-06-30 0001503658 LVDW:AlsetEHomeIncMember 2022-12-31 0001503658 LVDW:SedIntelligentHomeIncMember us-gaap:RelatedPartyMember 2023-06-30 0001503658 LVDW:SedIntelligentHomeIncMember us-gaap:RelatedPartyMember 2022-12-31 0001503658 LVDW:SedIntelligentHomeIncMember 2022-12-31 0001503658 LVDW:CharlesMacKenzieMember LVDW:ConsultingAgreementMember 2017-12-29 2018-01-01 0001503658 LVDW:CharlesMacKenzieMember LVDW:ConsultingAgreementMember 2022-01-01 2022-12-31 0001503658 LVDW:CharlesMacKenzieMember LVDW:ConsultingAgreementMember 2022-04-01 2022-06-30 0001503658 LVDW:CharlesMacKenzieMember LVDW:ConsultingAgreementMember 2022-01-01 2022-06-30 0001503658 LVDW:CharlesMacKenzieMember LVDW:ConsultingAgreementMember 2023-04-01 2023-06-30 0001503658 LVDW:CharlesMacKenzieMember LVDW:ConsultingAgreementMember 2023-01-01 2023-06-30 0001503658 LVDW:CharlesMacKenzieMember LVDW:ConsultingAgreementMember 2022-06-01 2022-06-30 0001503658 us-gaap:RelatedPartyMember LVDW:ConsultingAgreementMember 2023-06-30 0001503658 us-gaap:RelatedPartyMember LVDW:ConsultingAgreementMember 2022-12-31 0001503658 LVDW:OneTimePaymentMember LVDW:AlsetInternationalMember LVDW:ManagementServiceAgreementMember 2020-12-29 2020-12-29 0001503658 LVDW:AlsetInternationalMember LVDW:ManagementServiceAgreementMember 2021-01-01 2021-12-31 0001503658 LVDW:AlsetInternationalMember LVDW:ManagementServiceAgreementMember 2023-01-01 2023-06-30 0001503658 LVDW:AlsetInternationalMember LVDW:ManagementServiceAgreementMember 2022-01-01 2022-12-31 0001503658 LVDW:AlsetEHomeIncMember 2022-12-09 2022-12-09 0001503658 LVDW:AlsetEHomeIncMember 2022-12-09 0001503658 LVDW:AlsetIncMember 2023-06-30 0001503658 LVDW:AlsetInternationalMember 2023-06-30 0001503658 us-gaap:DiscontinuedOperationsDisposedOfBySaleMember 2023-01-13 0001503658 us-gaap:DiscontinuedOperationsDisposedOfBySaleMember 2022-12-31 0001503658 us-gaap:DiscontinuedOperationsDisposedOfBySaleMember 2023-01-01 2023-01-13 0001503658 us-gaap:DiscontinuedOperationsDisposedOfBySaleMember 2022-01-01 2022-06-30 0001503658 LVDW:SedMarylandDevelopmentLlcMember 2015-11-23 0001503658 LVDW:RBGFamilyLLCMember 2014-05-28 0001503658 LVDW:LotPurchaseAgreementMember LVDW:NVRIncMember 2015-12-09 2015-12-10 0001503658 LVDW:NVRIncMember 2023-01-01 2023-06-30 0001503658 LVDW:NVRIncMember 2022-01-01 2022-06-30 0001503658 us-gaap:RelatedPartyMember LVDW:NVRIncMember 2023-06-30 0001503658 us-gaap:RelatedPartyMember LVDW:NVRIncMember 2022-12-31 0001503658 LVDW:DavidsonHomesLLCMember 2023-03-17 0001503658 srt:MinimumMember LVDW:DavidsonHomesLLCMember 2023-03-17 2023-03-17 0001503658 2023-03-17 0001503658 2023-05-30 2023-05-30 iso4217:USD shares iso4217:USD shares pure utr:acre LVDW:Integer 0001503658 false Q2 --12-31

10-Q true 2023-06-30 2023 false 000-55038 LiquidValue Development Inc. NV 27-1467607 4800 Montgomery Lane Suite 210 Bethesda MD 20814 301 971-3940 Yes Yes Non-accelerated Filer true false false 704043324

4887570

15616257

3395701

7943126

406274 411528

8689545

23970911

838989

1034611

309372

309219

143321

143574

7234079

13260191

8032

3228

4629

21491

23603

66893

108950

27099836

30567109

52703365

965825

1240347

228557 1383019

2100

66414

110431

26443055

1112932

1264996

30289784

0.001

1000000000

704043324

704043

32816924

32542720

-4290232

-10907442

29230735

22339321

71378

74260

29302113

22413581

30567109

52703365

18190950

37725

18190950

654642

18190950

37725

18190950

654642

10956224

2363

10956224

460255

501296

389041

887080

778763

11457520

391404

11843304

1239018

6733430

-353679

6347646

-584376

203834

376320

143807

234484

314643

468728

215179

68502

215179

68502

275206

-165982

276856

-400226

7008636

-519661

6624502

-984602

7008636

-519661

6624502

-984602

-262674

-10175

-282329

7008636 -782335 6614327 -1266931

-1772

4497

-2882

25489

7010408

-786832

6617209

-1292420

0.01

-0.00

0.01

-0.00

0.01

-0.00

0.01

-0.00

0.01

-0.00

0.01

-0.00

0.01

-0.00

0.01

-0.00

704043324

704043

32542720

-10907442

22339321

74260

22413581

274204 274204 274204

-393198

-1110

-394308

704043324

704043

32816924

-11300640

22220327

73150

22293477

7010408

-1772

7008636

704043324

704043

32816924

-4290232

29230735

71378

29302113

704043324

704043

32542720

-8397009

24849754

51536

24901290

704043324

704043

32542720

-8397009

24849754

51536

24901290

-505588

20992

-484596

704043324

704043

32542720

-8902597

24344166

72528

24416694

-786832

4497

-782335

704043324

704043

32542720

-9689429

23557334

77025

23634359

704043324

704043

32542720

-9689429

23557334

77025

23634359

6614327

-984602

6655

1575

44017

41270

68502

-15276112 2852748

61368

7234079

-10943

-1092708

-6072

-150027

-2366

-274522

-916126

-1154462 468848

-44017

-44526

2100

-31553

14339377

-4286762

10175

257407

14349552

-4029355

1303

-1303

-1324978

-1326281

3560000

1500000

18105021

1000000

-14545021

500000

-14545021

500000

-195469

-4855636

1343830

7455729

1148361

2600093

838989

1854504

309372

309137

436452

1148361

2600093

1476907

25976729

<p id="xdx_809_eus-gaap--OrganizationConsolidationBasisOfPresentationBusinessDescriptionAndAccountingPoliciesTextBlock_zCucJd0zW23l" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">1. NATURE OF OPERATIONS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations LiquidValue Development Inc. (the “Company”), formerly known as SeD Intelligent Home Inc. and Homeownusa, was incorporated in the State of Nevada on December 10, 2009. On December 29, 2017, the Company, acquired Alset EHome Inc. (“Alset EHome”) by reverse merger. Alset EHome, a Delaware corporation, was formed on February 24, 2015. Alset EHome is principally engaged in developing, selling, managing, and leasing residential properties in the United States at the current time and may expand from residential properties to other property types, including but not limited to commercial and retail properties. The Company is <span id="xdx_908_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20230630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--SedIntelligentHomeIncMember_zIXGq6i1gsle" title="Ownership percentage">99.99% owned by SeD Intelligent Home Inc., formerly known as SeD Home International, Inc., which is wholly-owned by Alset International Limited (“Alset International”), a multinational public company, listed on the Singapore Exchange Securities Trading Limited. The Company’s current operations concentrate around land development projects, included in our only reporting segment – real estate. In determination of segments, the Company, together with its chief operating decision maker, who is also our CEO, considers factors that include the nature of business activities, allocation of resources and management structure. The Company was also in the business of renting homes, however, on December 9, 2022, Alset EHome entered into a Stock Purchase Agreement with Alset International Limited and Alset Inc., pursuant to which Alset EHome agreed to sell all of the shares of American Home REIT Inc., the company holding all of the 112 rental properties, to Alset Inc. For further details on this transaction, refer to Note 5 to Company’s Financial Statements – Related Party Transactions and Note 7 – Discontinued Operations. Going Concern To date, the Company has incurred operating losses since inception of $4,290,233. As a result, these conditions may raise substantial doubt regarding our ability to continue as a going concern twelve months from the date of issuance of our financial statements. The ability of the Company to continue as a going concern is dependent on raising capital to fund its business plan and ultimately to attain profitable operations. The Company intends to continue to fund its business through its operations and advances from related parties as may be required. The Company has obtained a letter of financial support from Alset Inc., an indirect owner of the Company. Alset Inc. committed to provide any additional funding required by the Company and would not demand repayment within the year 2023. In late 2022 and early 2023, the Company entered into three contracts with builders to sell multiple lots from its Black Oak project. The sales contemplated by these contracts are contingent on certain conditions which the parties to such contracts will need to meet and are expected to generate approximately $22 million of funds from operations, not including certain expenses that the Company will be required to pay. In addition, the Company will be entitled to receive certain reimbursements in the year ended December 31, 2024. In April and May 2023, the Company closed the sales of the 131 and 204 lots, respectively. Funds from such sales were approximately $18.1 million. The sale of additional 95 lots is expected to close at the end of 2023. The Company plans to continue its near-term focus on lot sales to regional and national builders. Funds from such lot sales will substantially improve the Company’s liquidity, strengthen its financial position and meet is working capital requirements. The Company will continue its business model of being flexible to market conditions and thus will entertain further sales of finished lots to builders with the highest and best pricing based on market demand. Concurrently, it will evaluate acquiring new homes from regional and national builders to further the build-to-rent business model for income producing product in surrounding markets within Houston and Maryland markets. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty. Principles of Consolidation <p id="xdx_89C_eus-gaap--ScheduleOfSubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDescriptionTextBlock_zlrbbcwH85Ed" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">The condensed consolidated financial statements include all accounts of the following entities as of the reporting period ending dates and for the reporting periods as follows: SCHEDULE OF ACCOUNTS OF ENTITIES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold">Name of consolidated subsidiary</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: center">State or other jurisdiction of incorporation or organization</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: center">Date of incorporation or formation</td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Attributable interest</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td id="xdx_987_ecustom--NameOfConsolidatedSubsidiary_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryOneMember_zVtgCQh6TP9g" style="width: 45%; text-align: left" title="Name of consolidated subsidiary">Alset EHome Inc.</td><td style="width: 2%"> </td> <td id="xdx_987_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipState_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryOneMember_zpVvK2IBNFx3" style="width: 15%; text-align: center" title="State or other jurisdiction of incorporation or organization">Delaware</td><td style="width: 2%"> </td> <td style="width: 20%; text-align: center"><span id="xdx_905_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDate_dd_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryOneMember_z4KE64hF2H08" title="Date of incorporation or formation">February 24, 2015</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"><span id="xdx_902_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest_dp_uPure_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryOneMember_zC9fW834fmj7" title="Attributable interest">100</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_982_ecustom--NameOfConsolidatedSubsidiary_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryTwoMember_z5Ac09S95zw1" style="text-align: left" title="Name of consolidated subsidiary">SeD USA, LLC</td><td> </td> <td id="xdx_98F_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipState_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryTwoMember_zqx1hggG1L9b" style="text-align: center" title="State or other jurisdiction of incorporation or organization">Delaware</td><td> </td> <td style="text-align: center"><span id="xdx_90D_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDate_dd_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryTwoMember_z4DOEf3oo3td" title="Date of incorporation or formation">August 20, 2014</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_903_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest_dp_uPure_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryTwoMember_zOshsrUxq7u9" title="Attributable interest">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td id="xdx_98D_ecustom--NameOfConsolidatedSubsidiary_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryThreeMember_zQYPy9KzNSUb" style="text-align: left" title="Name of consolidated subsidiary">150 Black Oak GP, Inc.</td><td> </td> <td id="xdx_98C_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipState_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryThreeMember_zN2oPhIUeXA9" style="text-align: center" title="State or other jurisdiction of incorporation or organization">Texas</td><td> </td> <td style="text-align: center"><span id="xdx_905_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDate_dd_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryThreeMember_zRHMmIlgPMwk" title="Date of incorporation or formation">January 23, 2014</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_904_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest_dp_uPure_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryThreeMember_zJcW8rc3Ro8e" title="Attributable interest">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_982_ecustom--NameOfConsolidatedSubsidiary_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryFourMember_zlqy5mj3R3X4" style="text-align: left" title="Name of consolidated subsidiary">SeD Development USA, Inc.</td><td> </td> <td id="xdx_987_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipState_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryFourMember_ziDYTW8cc6He" style="text-align: center" title="State or other jurisdiction of incorporation or organization">Delaware</td><td> </td> <td style="text-align: center"><span id="xdx_904_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDate_dd_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryFourMember_z1voYwXdNhZ1" title="Date of incorporation or formation">March 13, 2014</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_906_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest_dp_uPure_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryFourMember_zTNqpN3y3jQj" title="Attributable interest">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td id="xdx_98B_ecustom--NameOfConsolidatedSubsidiary_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryFiveMember_zJsmnjPtgzVi" style="text-align: left" title="Name of consolidated subsidiary">150 CCM Black Oak Ltd.</td><td> </td> <td id="xdx_987_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipState_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryFiveMember_ztXxgEOsDDDb" style="text-align: center" title="State or other jurisdiction of incorporation or organization">Texas</td><td> </td> <td style="text-align: center"><span id="xdx_90A_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDate_dd_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryFiveMember_zIK0NZZXSwD9" title="Date of incorporation or formation">March 17, 2014</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_906_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest_dp_uPure_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryFiveMember_zBpH9Kc7dqme" title="Attributable interest">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_980_ecustom--NameOfConsolidatedSubsidiary_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiarySixMember_zSLK6cTNLSt1" style="text-align: left" title="Name of consolidated subsidiary">SeD Ballenger, LLC</td><td> </td> <td id="xdx_984_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipState_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiarySixMember_zop3M6vZVf4j" style="text-align: center" title="State or other jurisdiction of incorporation or organization">Delaware</td><td> </td> <td style="text-align: center"><span id="xdx_901_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDate_dd_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiarySixMember_zrzR1tY5p5cj" title="Date of incorporation or formation">July 7, 2015</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90B_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest_dp_uPure_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiarySixMember_zEJzGlrqkAbl" title="Attributable interest">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td id="xdx_98F_ecustom--NameOfConsolidatedSubsidiary_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiarySevenMember_zgiBlMKRrxJf" style="text-align: left" title="Name of consolidated subsidiary">SeD Maryland Development, LLC</td><td> </td> <td id="xdx_984_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipState_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiarySevenMember_zvYELSrBQDL3" style="text-align: center" title="State or other jurisdiction of incorporation or organization">Delaware</td><td> </td> <td style="text-align: center"><span id="xdx_901_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDate_dd_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiarySevenMember_zuVx60N1scS2" title="Date of incorporation or formation">October 16, 2014</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_903_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest_dp_uPure_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiarySevenMember_zu1QO4MoRITd" title="Attributable interest">83.55</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_981_ecustom--NameOfConsolidatedSubsidiary_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryEightMember_zkNPEg8Wexs8" style="text-align: left" title="Name of consolidated subsidiary">SeD Development Management, LLC</td><td> </td> <td id="xdx_988_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipState_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryEightMember_zYY30zd3HhYi" style="text-align: center" title="State or other jurisdiction of incorporation or organization">Delaware</td><td> </td> <td style="text-align: center"><span id="xdx_901_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDate_dd_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryEightMember_zv50e1hQzym4" title="Date of incorporation or formation">June 18, 2015</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_905_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest_dp_uPure_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryEightMember_zdtcYTouSzN1" title="Attributable interest">85</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td id="xdx_986_ecustom--NameOfConsolidatedSubsidiary_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryNineMember_z7Dz92iP7LL" style="text-align: left" title="Name of consolidated subsidiary">SeD Builder, LLC</td><td> </td> <td id="xdx_987_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipState_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryNineMember_zmYbUDGxsId1" style="text-align: center" title="State or other jurisdiction of incorporation or organization">Delaware</td><td> </td> <td style="text-align: center"><span id="xdx_90B_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDate_dd_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryNineMember_zthnT1Uj19G6" title="Date of incorporation or formation">October 21, 2015</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_903_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest_dp_uPure_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryNineMember_z6CB0vsMjmMd" title="Attributable interest">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_982_ecustom--NameOfConsolidatedSubsidiary_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryTenMember_zZsjcVPPfMtd" style="text-align: left" title="Name of consolidated subsidiary">SeD REIT Inc.</td><td> </td> <td id="xdx_987_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipState_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryTenMember_zbOzt99eW76b" style="text-align: center" title="State or other jurisdiction of incorporation or organization">Maryland</td><td> </td> <td style="text-align: center"><span id="xdx_908_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDate_dd_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryTenMember_zJBHZ6P8snpg" title="Date of incorporation or formation">August 20, 2019</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_902_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest_dp_uPure_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryTenMember_zrFosQp7cG8" title="Attributable interest">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td id="xdx_989_ecustom--NameOfConsolidatedSubsidiary_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryElevenMember_zOzn9DrGvZfe" style="text-align: left" title="Name of consolidated subsidiary">Alset Solar Inc.</td><td> </td> <td id="xdx_98C_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipState_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryElevenMember_zG1NT3aFuk5a" style="text-align: center" title="State or other jurisdiction of incorporation or organization">Texas</td><td> </td> <td style="text-align: center"><span id="xdx_90C_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDate_dd_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryElevenMember_zCYcb5MZwFH8" title="Date of incorporation or formation">September 21, 2020</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_906_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest_dp_uPure_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryElevenMember_zxLZT9Jf6cBd" title="Attributable interest">80</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_989_ecustom--NameOfConsolidatedSubsidiary_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryTwelveMember_zzY8GEueE4F8" style="text-align: left" title="Name of consolidated subsidiary">AHR Black Oak One, LLC</td><td> </td> <td id="xdx_98C_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipState_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryTwelveMember_zOlqbWc9GYSl" style="text-align: center" title="State or other jurisdiction of incorporation or organization">Delaware</td><td> </td> <td style="text-align: center"><span id="xdx_90B_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDate_dd_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryTwelveMember_zApitzLfawHd" title="Date of incorporation or formation">September 29, 2021</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90F_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest_dp_uPure_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryTwelveMember_zAyp2AyYnhI6" title="Attributable interest">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td id="xdx_985_ecustom--NameOfConsolidatedSubsidiary_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryThirteenMember_zts6Y3tiOn4b" style="text-align: left" title="Name of consolidated subsidiary">Robotic gHome Inc.</td><td> </td> <td id="xdx_981_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipState_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryThirteenMember_z4R3zFGzrbm4" style="text-align: center" title="State or other jurisdiction of incorporation or organization">Texas</td><td> </td> <td style="text-align: center"><span id="xdx_90E_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDate_dd_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryThirteenMember_zvoQXTQXYhn4" title="Date of incorporation or formation">August 25, 2022</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_906_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest_dp_uPure_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryThirteenMember_znDAtlVGj96l" title="Attributable interest">90</td><td style="text-align: left">%</td></tr> </table> All intercompany balances and transactions have been eliminated. Non–controlling interest represents the minority equity investment in the Company’s subsidiaries, plus the minority investors’ share of the net operating results and other components of equity relating to the non–controlling interest. As of June 30, 2023 and December 31, 2022, the aggregate non-controlling interest in Alset EHome Inc.’s subsidiaries was $71,378 and $74,260, respectively, which is separately disclosed on the Condensed Consolidated Balance Sheets. Basis of Presentation The Company’s condensed consolidated financial statements have been prepared in accordance with the accounting principles generally accepted in the United States of America (“US GAAP”). The unaudited financial information furnished herein reflects all adjustments, consisting solely of normal recurring items, which in the opinion of management are necessary to fairly state the financial position of the Company and the results of its operations for the periods presented. This report should be read in conjunction with the Company’s consolidated financial statements and notes thereto included in the Company’s Form 10-K for the year ended December 31, 2022 filed on March 28, 2023. The Company assumes that the users of the interim financial information herein have read or have access to the audited consolidated financial statements for the preceding fiscal year and the adequacy of additional disclosure needed for a fair presentation may be determined in that context. The consolidated balance sheet at December 31, 2022 was derived from the audited consolidated financial statements but does not include all disclosures required by accounting principles generally accepted in the United States of America. The results of operations for the interim periods presented are not necessarily indicative of results for the year ending December 31, 2023. Use of Estimates The preparation of condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts in the condensed consolidated financial statements. The Company’s significant estimates are made in connection with the valuation of real estate. Actual results could differ from those estimates. When the Company purchases properties but does not receive the assessment information from the county, the Company allocates the values between land and building based on the data of similar properties. The Company makes appropriate adjustments once the assessment from the county is received. At the same time, any necessary adjustments to depreciation expense are made in the income statement. On June 30, 2023 and December 31, 2022, the Company adjusted $0 and $4,791,997 between building and land, respectively. During the three months ended on June 30, 2023 and 2022, the Company adjusted depreciation expenses $0 and $0, respectively. During the first six months of 2023 and 2022, the Company adjusted depreciation expenses $0 and $0, respectively. Earnings (Loss) per Share Basic income (loss) per share is computed by dividing the net income (loss) attributable to the common stockholders by weighted average number of shares of common stock outstanding during the period. Fully diluted loss per share is computed similarly to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. There were no potentially dilutive financial instruments issued or outstanding for the periods ended June 30, 2023 or June 30, 2022. Fair Value of Financial Instruments For purpose of this disclosure, the fair value of a financial instrument is the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced sale or liquidation. The carrying amount of the Company’s short-term financial instruments approximates fair value due to the relatively short period to maturity for these instruments. Cash and Cash Equivalents The Company considers all highly liquid investments with a maturity of three months or less at the date of acquisition to be cash equivalents. There were no cash equivalents as of June 30, 2023 and December 31, 2022. Restricted Cash As a condition to the loan agreement with the Manufacturers and Traders Trust Company (“M&T Bank”), the Company was required to maintain a minimum of $2,600,000 in an interest-bearing account maintained by the lender as additional security for the loan. The funds were required to remain as collateral for the loan until the loan is paid off in full and the loan agreement terminated. On March 15, 2022 approximately $<span id="xdx_902_eus-gaap--DebtInstrumentCollateralAmount_iI_pp0p0_c20220315__us-gaap--DebtInstrumentAxis__custom--MAndTBankLoansMember__dei--LegalEntityAxis__custom--SedMarylandDevelopmentLlcMember__us-gaap--TypeOfArrangementAxis__custom--DevelopmentLoanAgreementMember_zsrJBn1BwW9l" title="Debt instrument collateral amount">2,300,000 was released from collateral, leaving approximately $<span id="xdx_900_eus-gaap--LineOfCreditFacilityCollateralFeesAmount_pp0p0_c20220314__20220315__us-gaap--DebtInstrumentAxis__custom--MAndTBankLoansMember__dei--LegalEntityAxis__custom--SedMarylandDevelopmentLlcMember__us-gaap--TypeOfArrangementAxis__custom--DevelopmentLoanAgreementMember_zkOsO14lsXZ5" title="Collateral for outstanding letters of credit">300,000 as collateral for outstanding letters of credit. The Company also has an escrow account with M&T Bank to deposit a portion of cash proceeds from lot sales. The funds in the escrow account were specifically to be used for the payment of the loan from M&T Bank. The funds were required to remain in the escrow account for the loan payment until the loan agreement terminates. In May 2022 the funds from this escrow account were released and the account closed. As of June 30, 2023 and December 31, 2022, the total balance of these two accounts was $309,372 and $309,219, respectively. <p id="xdx_84F_eus-gaap--ReceivablesTradeAndOtherAccountsReceivableAllowanceForDoubtfulAccountsPolicy_zAiPe8pQstye" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">Accounts Receivable and Allowance for Doubtful Accounts Accounts receivable include all receivables from buyers, contractors and all other parties. The Company records an allowance for doubtful accounts based on a review of the outstanding receivables, historical collection information and economic conditions. No allowance was necessary at either June 30, 2023 or December 31, 2022. Property and Equipment and Depreciation Property and equipment are recorded at cost, less accumulated depreciation. Expenditures for major additions and betterments that extend the useful life or functionality are capitalized. Maintenance and repairs are charged to operations as incurred. Depreciation is computed by the straight-line method (after taking into account their respective estimated residual values) over the estimated useful lives, which are 3 years. Real Estate Assets <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif">Land Development Assets</td></tr> </table> Real estate assets are recorded at cost, except when real estate assets are acquired that meet the definition of a business combination in accordance with Financial Accounting Standards Board (“FASB”) ASC 805, “Business Combinations,” which acquired assets are recorded at fair value. Interest, property taxes, insurance and other incremental costs (including salaries) directly related to a project are capitalized during the construction period of major facilities and land improvements. The capitalization period begins when activities to develop the parcel commence and ends when the asset constructed is completed. The capitalized costs are recorded as part of the asset to which they relate and are reduced when lots are sold. In addition to our annual assessment of potential triggering events in accordance with ASC 360, the Company applies a fair-value based impairment test to the net book value assets on an annual basis and on an interim basis, if certain events or circumstances indicate that an impairment loss may have occurred. The Company did not record impairment on any of its projects during the six months ended on June 30, 2023, nor for the six months ended June 30, 2022. On October 28, 2022, 150 CCM Black Oak Ltd. (the “Seller”), a Texas Limited Partnership and subsidiary of the Company, entered into a Contract for Purchase and Sale and Escrow Instructions (the “Agreement”) with Century Land Holdings of Texas, LLC, a Colorado limited liability company (the “Buyer”). Pursuant to the terms of the Agreement, the Seller agreed to sell approximately 242 single-family detached residential lots comprising a residential community in the city of Magnolia, Texas known as the “Lakes at Black Oak.” On November 28, 2022, the parties to the Agreement entered into an amendment to the Agreement (the “Amendment”). Pursuant to the Amendment, the parties agreed that the Buyer would purchase approximately 131 single-family detached residential lots, instead of 242 lots. This transaction closed on April 13, 2023. On March 16, 2023, 150 CCM Black Oak Ltd. (the “Seller”) entered into a Purchase and Sale Agreement (the “Purchase and Sale Agreement”) with Rausch Coleman Homes Houston, LLC, a Texas limited liability company (“Rausch Coleman”). Pursuant to the terms of the Purchase and Sale Agreement, the Seller has agreed to sell approximately 110 single-family detached residential lots which comprise a section of the Lakes at Black Oak. The transaction closed on May 15, 2023. On March 17, 2023, 150 CCM Black Oak Ltd. (the “Seller”) entered into a Purchase and Sale Agreement (the “Purchase and Sale Agreement”) with Davidson Homes, LLC, an Alabama limited liability company (“Davidson”). Pursuant to the terms of the Purchase and Sale Agreement, the Seller has agreed to sell approximately 189 single-family detached residential lots developed within section 2 of Black Oak project. The sale of the first 94 lots closed on May 30, 2023. The sale of remaining lots is estimated to close at the end of the year 2023. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif">Investments in Single-Family Residential Properties</td></tr> </table> The Company accounts for its investments in single-family residential properties as asset acquisitions and records these acquisitions at their purchase price. The purchase price is allocated between land, building, improvements and existing leases based upon their relative fair values at the date of acquisition. The purchase price for purposes of this allocation is inclusive of acquisition costs which typically include legal fees, title fees, property inspection and valuation fees, as well as other closing costs. Building improvements and buildings are depreciated over estimated useful lives of approximately <span id="xdx_90B_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20230630__srt--RangeAxis__srt--MinimumMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingAndBuildingImprovementsMember_z7SPbCNROu86" title="Property plant and equipment, useful life">10 to <span id="xdx_90F_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20230630__srt--RangeAxis__srt--MaximumMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingAndBuildingImprovementsMember_zauKS7LispQ9" title="Property plant and equipment, useful life">27.5 years, respectively, using the straight-line method. The Company assesses its investments in single-family residential properties for impairment whenever events or changes in business circumstances indicate that carrying amounts of the assets may not be fully recoverable. When such events occur, management determines whether there has been impairment by comparing the asset’s carrying value with its fair value. Should impairment exist, the asset is written down to its estimated fair value. The Company did not recognize any impairment losses during the year ended on December 31, 2022. The Company disposed this business to related party on January 13, 2023. For further details on this transaction, refer to Note 5 to Company’s Financial Statements – Related Party Transactions and Note 7 – Discontinued Operations. Revenue Recognition <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif">Land Development Revenue Recognition</td></tr> </table> ASC 606, Revenue from Contracts with Customers, establishes principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from the entity’s contracts to provide goods or services to customers. The Company adopted this new standard on January 1, 2018 under the modified retrospective method. The adoption of this new standard did not have a material effect on our financial statements. In accordance with ASC 606, revenue is recognized when a customer obtains control of promised goods or services. The amount of revenue recognized reflects the consideration to which we expect to be entitled to receive in exchange for these goods or services. The provisions of ASC 606 include a five-step process by which we determine revenue recognition, depicting the transfer of goods or services to customers in amounts reflecting the payment to which we expect to be entitled in exchange for those goods or services. ASC 606 requires us to apply the following steps: (1) identify the contract with the customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations in the contract; and (5) recognize revenue when, or as, we satisfy the performance obligation. A detailed breakdown of the five-step process for the revenue recognition of our Ballenger project and Black Oak project, which were essentially most of the revenue of the Company in 2022 and 2023, respectively, is as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">a.</td> <td style="font: 10pt Times New Roman, Times, Serif">Identify the contract with a customer.</td></tr> </table> In the event of a sale the Company has signed agreements with the builders for developing the raw land ready to build lots. The contract has agreed upon prices, timelines, and specifications for what is to be provided. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">b.</td> <td style="font: 10pt Times New Roman, Times, Serif">Identify the performance obligations in the contract.</td></tr> </table> Performance obligations of the Company include delivering developed lots to the customer, which are required to meet certain specifications that are outlined in the contract. The customer inspects all lots prior to accepting title to ensure all specifications are met. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">c.</td> <td style="font: 10pt Times New Roman, Times, Serif">Determine the transaction price.</td></tr> </table> The transaction price is fixed and specified in the contract. Any subsequent change orders or price changes are required to be approved by both parties. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">d.</td> <td style="font: 10pt Times New Roman, Times, Serif">Allocate the transaction price to performance obligations in the contract.</td></tr> </table> Each lot or a group of lots is considered to be a separate performance obligation, for which the specified price in the contract is allocated to. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">e.</td> <td style="font: 10pt Times New Roman, Times, Serif">Recognize revenue when (or as) the entity satisfies a performance obligation.</td></tr> </table> In the event of a sale the builders do the inspections to make sure all conditions/requirements are met before taking title of lots. The Company recognizes revenue when title is transferred. The Company does not have further performance obligations once title is transferred. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif">Rental Revenue Recognition</td></tr> </table> The Company leases real estate properties to its tenants under leases that are predominately classified as operating leases, in accordance with ASC 842, Leases (“ASC 842”). Real estate rental revenue is comprised of minimum base rent and revenue from the collection of lease termination fees. Rent from tenants is recorded in accordance with the terms of each lease agreement on a straight-line basis over the initial term of the lease. Rental revenue recognition begins when the tenant controls the space and continues through the term of the related lease. Generally, at the end of the lease term, the Company provides the tenant with a one-year renewal option, including mostly the same terms and conditions provided under the initial lease term, subject to rent increases. The Company defers rental revenue related to lease payments received from tenants in advance of their due dates. These amounts are presented within deferred revenues and other payables on the Company’s condensed consolidated balance sheets. Rental revenue is subject to an evaluation for collectability on several factors, including payment history, the financial strength of the tenant and any guarantors, historical operations and operating trends of the property, and current economic conditions. If our evaluation of these factors indicates that it is not probable that we will recover substantially all of the receivable, rental revenue is limited to the lesser of the rental revenue that would be recognized on a straight-line basis (as applicable) or the lease payments that have been collected from the lessee. Differences between rental revenue recognized and amounts contractually due under the lease agreements are credited or charged to straight-line rent receivable or straight-line rent liability, as applicable. For the year ended December 31, 2022, the Company did not recognize any deferred revenue and collected all rents due. The Company disposed this business to related party on January 13, 2023. For further details on this transaction, refer to Note 5 to Company’s Financial Statements – Related Party Transactions and Note 7 – Discontinued Operations. Sale of the Front Foot Benefit Assessments We have established a front foot benefit (“FFB”) assessment on all of the NVR lots. This is a 30-year annual assessment allowed in Frederick County which requires homeowners to reimburse the developer for the costs of installing public water and sewer to the lots. These assessments become effective as homes are settled, at which time we can sell the collection rights to investors who will pay an upfront lump sum, enabling us to more quickly realize the revenue. The selling prices range from $3,000 to $4,500 per home depending the type of the home. Our total revenue from the front foot benefit assessment is approximately $1 million. To recognize revenue of the FFB assessment, both our and NVR’s performance obligation have to be satisfied. Our performance obligation is completed once we complete the construction of water and sewer facility and close the lot sales with NVR, which inspects these water and sewer facility prior to close lot sales to ensure all specifications are met. NVR’s performance obligation is to sell homes they build to homeowners. Our FFB revenue is recognized on quarterly basis after NVR closes sales of homes to homeowners. The agreement with these FFB investors is not subject to amendment by regulatory agencies and thus our revenue from the FFB assessment is not either. During the three months ended on June 30, 2023 and 2022, we recognized revenue of $<span id="xdx_90D_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pp0p0_c20230401__20230630__us-gaap--TypeOfArrangementAxis__custom--FrontFootBenefitAssessmentMember_zMrk3Mee6k1j" title="Recognized revenue">0 and $<span id="xdx_90E_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pp0p0_c20220401__20220630__us-gaap--TypeOfArrangementAxis__custom--FrontFootBenefitAssessmentMember_zpGTfDpFmBf5" title="Recognized revenue">37,725 from the FFB assessments, respectively. During the six months ended on June 30, 2023 and 2022, we recognized revenue of $<span id="xdx_90F_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pp0p0_c20230101__20230630__us-gaap--TypeOfArrangementAxis__custom--FrontFootBenefitAssessmentMember_zeLwAbLZ3Rd9" title="Recognized revenue">0 and $<span id="xdx_905_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pp0p0_c20220101__20220630__us-gaap--TypeOfArrangementAxis__custom--FrontFootBenefitAssessmentMember_zYemu519BlZ2" title="Recognized revenue">116,088 from the FFB assessments, respectively. Contract Assets and Contract Liabilities Based on our contracts, we invoice customers once our performance obligations have been satisfied, at which point payment is unconditional. Accordingly, our contracts do not give rise to contract assets or liabilities under ASC 606. Accounts receivable are recorded when the right to consideration becomes unconditional. We disclose receivables from contracts with customers separately on the balance sheets. Cost of Revenue <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif">Cost of Real Estate Sale </td></tr> </table> All of the costs of real estate sales are from our land development business. Land acquisition costs are allocated to each lot based on the area method, the size of the lot comparing to the total size of all lots in the project. Development costs and capitalized interest are allocated to lots sold based on the total expected development and interest costs of the completed project and allocating a percentage of those costs based on the selling price of the sold lot compared to the expected sales values of all lots in the project. If allocation of development costs and capitalized interest based on the projection and relative expected sales value is impracticable, those costs could also be allocated based on area method, the size of the lot comparing to the total size of all lots in the project. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif">Cost of Rental Revenue </td></tr> </table> Cost of rental revenue consists primarily of the costs associated with management and leasing fees to our management company, repairs and maintenance, depreciation and other related administrative costs. Utility expenses are paid directly by tenants. The Company disposed this business to related party on January 13, 2023. For further details on this transaction, refer to Note 5 to Company’s Financial Statements – Related Party Transactions and Note 7 – Discontinued Operations. Recent Accounting Pronouncements In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of Reference Rate Reform on Financial Reporting. The amendments in this Update provide optional expedients and exceptions for applying generally accepted accounting principles (GAAP) to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments in this Update apply only to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The Company’s line of credit agreement provides procedures for determining a replacement or alternative rate in the event that LIBOR is unavailable. The amendments in this Update are effective for all entities as of March 12, 2020 through December 31, 2024. The Company does not believe that ASU 2020-04 will have significant impact on its future consolidated financial statements. In October 2021, the FASB issued ASU No. 2021-08, “Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers.” ASU 2021-08 requires the company acquiring contract assets and contract liabilities obtained in a business combination to recognize and measure them in accordance with ASC 606, “Revenue from Contracts with Customers”. At the acquisition date, the company acquiring the business should record related revenue, as if it had originated the contract. Before the update such amounts were recognized by the acquiring company at fair value. The amendments in this Update are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Early adoption is permitted, including in interim periods, for any financial statements that have not yet been issued. The Company has adopted these requirements, effective on the first day of year 2023. The application of the ASU 2021-08 has not had a material impact on our consolidated financial statements.

Nature of Operations LiquidValue Development Inc. (the “Company”), formerly known as SeD Intelligent Home Inc. and Homeownusa, was incorporated in the State of Nevada on December 10, 2009. On December 29, 2017, the Company, acquired Alset EHome Inc. (“Alset EHome”) by reverse merger. Alset EHome, a Delaware corporation, was formed on February 24, 2015. Alset EHome is principally engaged in developing, selling, managing, and leasing residential properties in the United States at the current time and may expand from residential properties to other property types, including but not limited to commercial and retail properties. The Company is <span id="xdx_908_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20230630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--SedIntelligentHomeIncMember_zIXGq6i1gsle" title="Ownership percentage">99.99% owned by SeD Intelligent Home Inc., formerly known as SeD Home International, Inc., which is wholly-owned by Alset International Limited (“Alset International”), a multinational public company, listed on the Singapore Exchange Securities Trading Limited. The Company’s current operations concentrate around land development projects, included in our only reporting segment – real estate. In determination of segments, the Company, together with its chief operating decision maker, who is also our CEO, considers factors that include the nature of business activities, allocation of resources and management structure. The Company was also in the business of renting homes, however, on December 9, 2022, Alset EHome entered into a Stock Purchase Agreement with Alset International Limited and Alset Inc., pursuant to which Alset EHome agreed to sell all of the shares of American Home REIT Inc., the company holding all of the 112 rental properties, to Alset Inc. For further details on this transaction, refer to Note 5 to Company’s Financial Statements – Related Party Transactions and Note 7 – Discontinued Operations.

0.9999

Going Concern To date, the Company has incurred operating losses since inception of $4,290,233. As a result, these conditions may raise substantial doubt regarding our ability to continue as a going concern twelve months from the date of issuance of our financial statements. The ability of the Company to continue as a going concern is dependent on raising capital to fund its business plan and ultimately to attain profitable operations. The Company intends to continue to fund its business through its operations and advances from related parties as may be required. The Company has obtained a letter of financial support from Alset Inc., an indirect owner of the Company. Alset Inc. committed to provide any additional funding required by the Company and would not demand repayment within the year 2023. In late 2022 and early 2023, the Company entered into three contracts with builders to sell multiple lots from its Black Oak project. The sales contemplated by these contracts are contingent on certain conditions which the parties to such contracts will need to meet and are expected to generate approximately $22 million of funds from operations, not including certain expenses that the Company will be required to pay. In addition, the Company will be entitled to receive certain reimbursements in the year ended December 31, 2024. In April and May 2023, the Company closed the sales of the 131 and 204 lots, respectively. Funds from such sales were approximately $18.1 million. The sale of additional 95 lots is expected to close at the end of 2023. The Company plans to continue its near-term focus on lot sales to regional and national builders. Funds from such lot sales will substantially improve the Company’s liquidity, strengthen its financial position and meet is working capital requirements. The Company will continue its business model of being flexible to market conditions and thus will entertain further sales of finished lots to builders with the highest and best pricing based on market demand. Concurrently, it will evaluate acquiring new homes from regional and national builders to further the build-to-rent business model for income producing product in surrounding markets within Houston and Maryland markets. These financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts, or amounts and classification of liabilities that might result from this uncertainty.

4290233

22000000

18100000

Principles of Consolidation <p id="xdx_89C_eus-gaap--ScheduleOfSubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDescriptionTextBlock_zlrbbcwH85Ed" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">The condensed consolidated financial statements include all accounts of the following entities as of the reporting period ending dates and for the reporting periods as follows: SCHEDULE OF ACCOUNTS OF ENTITIES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold">Name of consolidated subsidiary</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: center">State or other jurisdiction of incorporation or organization</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: center">Date of incorporation or formation</td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Attributable interest</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td id="xdx_987_ecustom--NameOfConsolidatedSubsidiary_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryOneMember_zVtgCQh6TP9g" style="width: 45%; text-align: left" title="Name of consolidated subsidiary">Alset EHome Inc.</td><td style="width: 2%"> </td> <td id="xdx_987_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipState_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryOneMember_zpVvK2IBNFx3" style="width: 15%; text-align: center" title="State or other jurisdiction of incorporation or organization">Delaware</td><td style="width: 2%"> </td> <td style="width: 20%; text-align: center"><span id="xdx_905_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDate_dd_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryOneMember_z4KE64hF2H08" title="Date of incorporation or formation">February 24, 2015</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"><span id="xdx_902_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest_dp_uPure_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryOneMember_zC9fW834fmj7" title="Attributable interest">100</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_982_ecustom--NameOfConsolidatedSubsidiary_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryTwoMember_z5Ac09S95zw1" style="text-align: left" title="Name of consolidated subsidiary">SeD USA, LLC</td><td> </td> <td id="xdx_98F_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipState_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryTwoMember_zqx1hggG1L9b" style="text-align: center" title="State or other jurisdiction of incorporation or organization">Delaware</td><td> </td> <td style="text-align: center"><span id="xdx_90D_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDate_dd_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryTwoMember_z4DOEf3oo3td" title="Date of incorporation or formation">August 20, 2014</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_903_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest_dp_uPure_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryTwoMember_zOshsrUxq7u9" title="Attributable interest">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td id="xdx_98D_ecustom--NameOfConsolidatedSubsidiary_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryThreeMember_zQYPy9KzNSUb" style="text-align: left" title="Name of consolidated subsidiary">150 Black Oak GP, Inc.</td><td> </td> <td id="xdx_98C_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipState_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryThreeMember_zN2oPhIUeXA9" style="text-align: center" title="State or other jurisdiction of incorporation or organization">Texas</td><td> </td> <td style="text-align: center"><span id="xdx_905_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDate_dd_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryThreeMember_zRHMmIlgPMwk" title="Date of incorporation or formation">January 23, 2014</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_904_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest_dp_uPure_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryThreeMember_zJcW8rc3Ro8e" title="Attributable interest">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_982_ecustom--NameOfConsolidatedSubsidiary_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryFourMember_zlqy5mj3R3X4" style="text-align: left" title="Name of consolidated subsidiary">SeD Development USA, Inc.</td><td> </td> <td id="xdx_987_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipState_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryFourMember_ziDYTW8cc6He" style="text-align: center" title="State or other jurisdiction of incorporation or organization">Delaware</td><td> </td> <td style="text-align: center"><span id="xdx_904_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDate_dd_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryFourMember_z1voYwXdNhZ1" title="Date of incorporation or formation">March 13, 2014</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_906_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest_dp_uPure_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryFourMember_zTNqpN3y3jQj" title="Attributable interest">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td id="xdx_98B_ecustom--NameOfConsolidatedSubsidiary_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryFiveMember_zJsmnjPtgzVi" style="text-align: left" title="Name of consolidated subsidiary">150 CCM Black Oak Ltd.</td><td> </td> <td id="xdx_987_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipState_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryFiveMember_ztXxgEOsDDDb" style="text-align: center" title="State or other jurisdiction of incorporation or organization">Texas</td><td> </td> <td style="text-align: center"><span id="xdx_90A_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDate_dd_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryFiveMember_zIK0NZZXSwD9" title="Date of incorporation or formation">March 17, 2014</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_906_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest_dp_uPure_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryFiveMember_zBpH9Kc7dqme" title="Attributable interest">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_980_ecustom--NameOfConsolidatedSubsidiary_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiarySixMember_zSLK6cTNLSt1" style="text-align: left" title="Name of consolidated subsidiary">SeD Ballenger, LLC</td><td> </td> <td id="xdx_984_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipState_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiarySixMember_zop3M6vZVf4j" style="text-align: center" title="State or other jurisdiction of incorporation or organization">Delaware</td><td> </td> <td style="text-align: center"><span id="xdx_901_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDate_dd_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiarySixMember_zrzR1tY5p5cj" title="Date of incorporation or formation">July 7, 2015</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90B_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest_dp_uPure_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiarySixMember_zEJzGlrqkAbl" title="Attributable interest">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td id="xdx_98F_ecustom--NameOfConsolidatedSubsidiary_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiarySevenMember_zgiBlMKRrxJf" style="text-align: left" title="Name of consolidated subsidiary">SeD Maryland Development, LLC</td><td> </td> <td id="xdx_984_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipState_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiarySevenMember_zvYELSrBQDL3" style="text-align: center" title="State or other jurisdiction of incorporation or organization">Delaware</td><td> </td> <td style="text-align: center"><span id="xdx_901_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDate_dd_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiarySevenMember_zuVx60N1scS2" title="Date of incorporation or formation">October 16, 2014</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_903_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest_dp_uPure_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiarySevenMember_zu1QO4MoRITd" title="Attributable interest">83.55</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_981_ecustom--NameOfConsolidatedSubsidiary_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryEightMember_zkNPEg8Wexs8" style="text-align: left" title="Name of consolidated subsidiary">SeD Development Management, LLC</td><td> </td> <td id="xdx_988_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipState_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryEightMember_zYY30zd3HhYi" style="text-align: center" title="State or other jurisdiction of incorporation or organization">Delaware</td><td> </td> <td style="text-align: center"><span id="xdx_901_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDate_dd_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryEightMember_zv50e1hQzym4" title="Date of incorporation or formation">June 18, 2015</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_905_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest_dp_uPure_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryEightMember_zdtcYTouSzN1" title="Attributable interest">85</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td id="xdx_986_ecustom--NameOfConsolidatedSubsidiary_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryNineMember_z7Dz92iP7LL" style="text-align: left" title="Name of consolidated subsidiary">SeD Builder, LLC</td><td> </td> <td id="xdx_987_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipState_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryNineMember_zmYbUDGxsId1" style="text-align: center" title="State or other jurisdiction of incorporation or organization">Delaware</td><td> </td> <td style="text-align: center"><span id="xdx_90B_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDate_dd_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryNineMember_zthnT1Uj19G6" title="Date of incorporation or formation">October 21, 2015</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_903_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest_dp_uPure_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryNineMember_z6CB0vsMjmMd" title="Attributable interest">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_982_ecustom--NameOfConsolidatedSubsidiary_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryTenMember_zZsjcVPPfMtd" style="text-align: left" title="Name of consolidated subsidiary">SeD REIT Inc.</td><td> </td> <td id="xdx_987_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipState_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryTenMember_zbOzt99eW76b" style="text-align: center" title="State or other jurisdiction of incorporation or organization">Maryland</td><td> </td> <td style="text-align: center"><span id="xdx_908_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDate_dd_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryTenMember_zJBHZ6P8snpg" title="Date of incorporation or formation">August 20, 2019</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_902_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest_dp_uPure_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryTenMember_zrFosQp7cG8" title="Attributable interest">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td id="xdx_989_ecustom--NameOfConsolidatedSubsidiary_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryElevenMember_zOzn9DrGvZfe" style="text-align: left" title="Name of consolidated subsidiary">Alset Solar Inc.</td><td> </td> <td id="xdx_98C_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipState_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryElevenMember_zG1NT3aFuk5a" style="text-align: center" title="State or other jurisdiction of incorporation or organization">Texas</td><td> </td> <td style="text-align: center"><span id="xdx_90C_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDate_dd_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryElevenMember_zCYcb5MZwFH8" title="Date of incorporation or formation">September 21, 2020</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_906_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest_dp_uPure_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryElevenMember_zxLZT9Jf6cBd" title="Attributable interest">80</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_989_ecustom--NameOfConsolidatedSubsidiary_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryTwelveMember_zzY8GEueE4F8" style="text-align: left" title="Name of consolidated subsidiary">AHR Black Oak One, LLC</td><td> </td> <td id="xdx_98C_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipState_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryTwelveMember_zOlqbWc9GYSl" style="text-align: center" title="State or other jurisdiction of incorporation or organization">Delaware</td><td> </td> <td style="text-align: center"><span id="xdx_90B_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDate_dd_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryTwelveMember_zApitzLfawHd" title="Date of incorporation or formation">September 29, 2021</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90F_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest_dp_uPure_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryTwelveMember_zAyp2AyYnhI6" title="Attributable interest">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td id="xdx_985_ecustom--NameOfConsolidatedSubsidiary_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryThirteenMember_zts6Y3tiOn4b" style="text-align: left" title="Name of consolidated subsidiary">Robotic gHome Inc.</td><td> </td> <td id="xdx_981_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipState_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryThirteenMember_z4R3zFGzrbm4" style="text-align: center" title="State or other jurisdiction of incorporation or organization">Texas</td><td> </td> <td style="text-align: center"><span id="xdx_90E_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDate_dd_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryThirteenMember_zvoQXTQXYhn4" title="Date of incorporation or formation">August 25, 2022</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_906_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest_dp_uPure_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryThirteenMember_znDAtlVGj96l" title="Attributable interest">90</td><td style="text-align: left">%</td></tr> </table> All intercompany balances and transactions have been eliminated. Non–controlling interest represents the minority equity investment in the Company’s subsidiaries, plus the minority investors’ share of the net operating results and other components of equity relating to the non–controlling interest. As of June 30, 2023 and December 31, 2022, the aggregate non-controlling interest in Alset EHome Inc.’s subsidiaries was $71,378 and $74,260, respectively, which is separately disclosed on the Condensed Consolidated Balance Sheets.

<p id="xdx_89C_eus-gaap--ScheduleOfSubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDescriptionTextBlock_zlrbbcwH85Ed" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">The condensed consolidated financial statements include all accounts of the following entities as of the reporting period ending dates and for the reporting periods as follows: SCHEDULE OF ACCOUNTS OF ENTITIES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font-weight: bold">Name of consolidated subsidiary</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: center">State or other jurisdiction of incorporation or organization</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: center">Date of incorporation or formation</td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" style="border-bottom: Black 1.5pt solid; text-align: center">Attributable interest</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td id="xdx_987_ecustom--NameOfConsolidatedSubsidiary_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryOneMember_zVtgCQh6TP9g" style="width: 45%; text-align: left" title="Name of consolidated subsidiary">Alset EHome Inc.</td><td style="width: 2%"> </td> <td id="xdx_987_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipState_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryOneMember_zpVvK2IBNFx3" style="width: 15%; text-align: center" title="State or other jurisdiction of incorporation or organization">Delaware</td><td style="width: 2%"> </td> <td style="width: 20%; text-align: center"><span id="xdx_905_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDate_dd_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryOneMember_z4KE64hF2H08" title="Date of incorporation or formation">February 24, 2015</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right"><span id="xdx_902_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest_dp_uPure_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryOneMember_zC9fW834fmj7" title="Attributable interest">100</td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_982_ecustom--NameOfConsolidatedSubsidiary_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryTwoMember_z5Ac09S95zw1" style="text-align: left" title="Name of consolidated subsidiary">SeD USA, LLC</td><td> </td> <td id="xdx_98F_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipState_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryTwoMember_zqx1hggG1L9b" style="text-align: center" title="State or other jurisdiction of incorporation or organization">Delaware</td><td> </td> <td style="text-align: center"><span id="xdx_90D_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDate_dd_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryTwoMember_z4DOEf3oo3td" title="Date of incorporation or formation">August 20, 2014</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_903_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest_dp_uPure_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryTwoMember_zOshsrUxq7u9" title="Attributable interest">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td id="xdx_98D_ecustom--NameOfConsolidatedSubsidiary_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryThreeMember_zQYPy9KzNSUb" style="text-align: left" title="Name of consolidated subsidiary">150 Black Oak GP, Inc.</td><td> </td> <td id="xdx_98C_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipState_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryThreeMember_zN2oPhIUeXA9" style="text-align: center" title="State or other jurisdiction of incorporation or organization">Texas</td><td> </td> <td style="text-align: center"><span id="xdx_905_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDate_dd_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryThreeMember_zRHMmIlgPMwk" title="Date of incorporation or formation">January 23, 2014</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_904_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest_dp_uPure_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryThreeMember_zJcW8rc3Ro8e" title="Attributable interest">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_982_ecustom--NameOfConsolidatedSubsidiary_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryFourMember_zlqy5mj3R3X4" style="text-align: left" title="Name of consolidated subsidiary">SeD Development USA, Inc.</td><td> </td> <td id="xdx_987_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipState_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryFourMember_ziDYTW8cc6He" style="text-align: center" title="State or other jurisdiction of incorporation or organization">Delaware</td><td> </td> <td style="text-align: center"><span id="xdx_904_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDate_dd_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryFourMember_z1voYwXdNhZ1" title="Date of incorporation or formation">March 13, 2014</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_906_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest_dp_uPure_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryFourMember_zTNqpN3y3jQj" title="Attributable interest">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td id="xdx_98B_ecustom--NameOfConsolidatedSubsidiary_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryFiveMember_zJsmnjPtgzVi" style="text-align: left" title="Name of consolidated subsidiary">150 CCM Black Oak Ltd.</td><td> </td> <td id="xdx_987_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipState_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryFiveMember_ztXxgEOsDDDb" style="text-align: center" title="State or other jurisdiction of incorporation or organization">Texas</td><td> </td> <td style="text-align: center"><span id="xdx_90A_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDate_dd_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryFiveMember_zIK0NZZXSwD9" title="Date of incorporation or formation">March 17, 2014</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_906_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest_dp_uPure_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryFiveMember_zBpH9Kc7dqme" title="Attributable interest">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_980_ecustom--NameOfConsolidatedSubsidiary_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiarySixMember_zSLK6cTNLSt1" style="text-align: left" title="Name of consolidated subsidiary">SeD Ballenger, LLC</td><td> </td> <td id="xdx_984_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipState_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiarySixMember_zop3M6vZVf4j" style="text-align: center" title="State or other jurisdiction of incorporation or organization">Delaware</td><td> </td> <td style="text-align: center"><span id="xdx_901_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDate_dd_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiarySixMember_zrzR1tY5p5cj" title="Date of incorporation or formation">July 7, 2015</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90B_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest_dp_uPure_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiarySixMember_zEJzGlrqkAbl" title="Attributable interest">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td id="xdx_98F_ecustom--NameOfConsolidatedSubsidiary_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiarySevenMember_zgiBlMKRrxJf" style="text-align: left" title="Name of consolidated subsidiary">SeD Maryland Development, LLC</td><td> </td> <td id="xdx_984_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipState_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiarySevenMember_zvYELSrBQDL3" style="text-align: center" title="State or other jurisdiction of incorporation or organization">Delaware</td><td> </td> <td style="text-align: center"><span id="xdx_901_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDate_dd_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiarySevenMember_zuVx60N1scS2" title="Date of incorporation or formation">October 16, 2014</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_903_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest_dp_uPure_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiarySevenMember_zu1QO4MoRITd" title="Attributable interest">83.55</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_981_ecustom--NameOfConsolidatedSubsidiary_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryEightMember_zkNPEg8Wexs8" style="text-align: left" title="Name of consolidated subsidiary">SeD Development Management, LLC</td><td> </td> <td id="xdx_988_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipState_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryEightMember_zYY30zd3HhYi" style="text-align: center" title="State or other jurisdiction of incorporation or organization">Delaware</td><td> </td> <td style="text-align: center"><span id="xdx_901_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDate_dd_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryEightMember_zv50e1hQzym4" title="Date of incorporation or formation">June 18, 2015</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_905_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest_dp_uPure_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryEightMember_zdtcYTouSzN1" title="Attributable interest">85</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td id="xdx_986_ecustom--NameOfConsolidatedSubsidiary_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryNineMember_z7Dz92iP7LL" style="text-align: left" title="Name of consolidated subsidiary">SeD Builder, LLC</td><td> </td> <td id="xdx_987_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipState_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryNineMember_zmYbUDGxsId1" style="text-align: center" title="State or other jurisdiction of incorporation or organization">Delaware</td><td> </td> <td style="text-align: center"><span id="xdx_90B_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDate_dd_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryNineMember_zthnT1Uj19G6" title="Date of incorporation or formation">October 21, 2015</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_903_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest_dp_uPure_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryNineMember_z6CB0vsMjmMd" title="Attributable interest">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_982_ecustom--NameOfConsolidatedSubsidiary_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryTenMember_zZsjcVPPfMtd" style="text-align: left" title="Name of consolidated subsidiary">SeD REIT Inc.</td><td> </td> <td id="xdx_987_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipState_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryTenMember_zbOzt99eW76b" style="text-align: center" title="State or other jurisdiction of incorporation or organization">Maryland</td><td> </td> <td style="text-align: center"><span id="xdx_908_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDate_dd_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryTenMember_zJBHZ6P8snpg" title="Date of incorporation or formation">August 20, 2019</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_902_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest_dp_uPure_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryTenMember_zrFosQp7cG8" title="Attributable interest">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td id="xdx_989_ecustom--NameOfConsolidatedSubsidiary_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryElevenMember_zOzn9DrGvZfe" style="text-align: left" title="Name of consolidated subsidiary">Alset Solar Inc.</td><td> </td> <td id="xdx_98C_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipState_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryElevenMember_zG1NT3aFuk5a" style="text-align: center" title="State or other jurisdiction of incorporation or organization">Texas</td><td> </td> <td style="text-align: center"><span id="xdx_90C_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDate_dd_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryElevenMember_zCYcb5MZwFH8" title="Date of incorporation or formation">September 21, 2020</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_906_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest_dp_uPure_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryElevenMember_zxLZT9Jf6cBd" title="Attributable interest">80</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td id="xdx_989_ecustom--NameOfConsolidatedSubsidiary_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryTwelveMember_zzY8GEueE4F8" style="text-align: left" title="Name of consolidated subsidiary">AHR Black Oak One, LLC</td><td> </td> <td id="xdx_98C_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipState_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryTwelveMember_zOlqbWc9GYSl" style="text-align: center" title="State or other jurisdiction of incorporation or organization">Delaware</td><td> </td> <td style="text-align: center"><span id="xdx_90B_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDate_dd_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryTwelveMember_zApitzLfawHd" title="Date of incorporation or formation">September 29, 2021</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90F_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest_dp_uPure_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryTwelveMember_zAyp2AyYnhI6" title="Attributable interest">100</td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td id="xdx_985_ecustom--NameOfConsolidatedSubsidiary_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryThirteenMember_zts6Y3tiOn4b" style="text-align: left" title="Name of consolidated subsidiary">Robotic gHome Inc.</td><td> </td> <td id="xdx_981_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipState_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryThirteenMember_z4R3zFGzrbm4" style="text-align: center" title="State or other jurisdiction of incorporation or organization">Texas</td><td> </td> <td style="text-align: center"><span id="xdx_90E_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipDate_dd_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryThirteenMember_zvoQXTQXYhn4" title="Date of incorporation or formation">August 25, 2022</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_906_eus-gaap--SubsidiaryOfLimitedLiabilityCompanyOrLimitedPartnershipOwnershipInterest_dp_uPure_c20230101__20230630__srt--OwnershipAxis__custom--SubsidiaryThirteenMember_znDAtlVGj96l" title="Attributable interest">90</td><td style="text-align: left">%</td></tr> </table>

Alset EHome Inc.

Delaware

2015-02-24

SeD USA, LLC

Delaware

2014-08-20

150 Black Oak GP, Inc.

Texas

2014-01-23

SeD Development USA, Inc.

Delaware

2014-03-13

150 CCM Black Oak Ltd.

Texas

2014-03-17

SeD Ballenger, LLC

Delaware

2015-07-07

SeD Maryland Development, LLC

Delaware

2014-10-16

0.8355

SeD Development Management, LLC

Delaware

2015-06-18

0.85

SeD Builder, LLC

Delaware

2015-10-21

SeD REIT Inc.

Maryland

2019-08-20

Alset Solar Inc.

Texas

2020-09-21

0.80

AHR Black Oak One, LLC

Delaware

2021-09-29

Robotic gHome Inc.

Texas

2022-08-25

0.90

71378

74260

Basis of Presentation The Company’s condensed consolidated financial statements have been prepared in accordance with the accounting principles generally accepted in the United States of America (“US GAAP”). The unaudited financial information furnished herein reflects all adjustments, consisting solely of normal recurring items, which in the opinion of management are necessary to fairly state the financial position of the Company and the results of its operations for the periods presented. This report should be read in conjunction with the Company’s consolidated financial statements and notes thereto included in the Company’s Form 10-K for the year ended December 31, 2022 filed on March 28, 2023. The Company assumes that the users of the interim financial information herein have read or have access to the audited consolidated financial statements for the preceding fiscal year and the adequacy of additional disclosure needed for a fair presentation may be determined in that context. The consolidated balance sheet at December 31, 2022 was derived from the audited consolidated financial statements but does not include all disclosures required by accounting principles generally accepted in the United States of America. The results of operations for the interim periods presented are not necessarily indicative of results for the year ending December 31, 2023.

Use of Estimates The preparation of condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts in the condensed consolidated financial statements. The Company’s significant estimates are made in connection with the valuation of real estate. Actual results could differ from those estimates. When the Company purchases properties but does not receive the assessment information from the county, the Company allocates the values between land and building based on the data of similar properties. The Company makes appropriate adjustments once the assessment from the county is received. At the same time, any necessary adjustments to depreciation expense are made in the income statement. On June 30, 2023 and December 31, 2022, the Company adjusted $0 and $4,791,997 between building and land, respectively. During the three months ended on June 30, 2023 and 2022, the Company adjusted depreciation expenses $0 and $0, respectively. During the first six months of 2023 and 2022, the Company adjusted depreciation expenses $0 and $0, respectively.

0 4791997

Earnings (Loss) per Share Basic income (loss) per share is computed by dividing the net income (loss) attributable to the common stockholders by weighted average number of shares of common stock outstanding during the period. Fully diluted loss per share is computed similarly to basic loss per share except that the denominator is increased to include the number of additional common shares that would have been outstanding if the potential common shares had been issued and if the additional common shares were dilutive. There were no potentially dilutive financial instruments issued or outstanding for the periods ended June 30, 2023 or June 30, 2022.

Fair Value of Financial Instruments For purpose of this disclosure, the fair value of a financial instrument is the amount at which the instrument could be exchanged in a current transaction between willing parties, other than in a forced sale or liquidation. The carrying amount of the Company’s short-term financial instruments approximates fair value due to the relatively short period to maturity for these instruments.

Cash and Cash Equivalents The Company considers all highly liquid investments with a maturity of three months or less at the date of acquisition to be cash equivalents. There were no cash equivalents as of June 30, 2023 and December 31, 2022.

Restricted Cash As a condition to the loan agreement with the Manufacturers and Traders Trust Company (“M&T Bank”), the Company was required to maintain a minimum of $2,600,000 in an interest-bearing account maintained by the lender as additional security for the loan. The funds were required to remain as collateral for the loan until the loan is paid off in full and the loan agreement terminated. On March 15, 2022 approximately $<span id="xdx_902_eus-gaap--DebtInstrumentCollateralAmount_iI_pp0p0_c20220315__us-gaap--DebtInstrumentAxis__custom--MAndTBankLoansMember__dei--LegalEntityAxis__custom--SedMarylandDevelopmentLlcMember__us-gaap--TypeOfArrangementAxis__custom--DevelopmentLoanAgreementMember_zsrJBn1BwW9l" title="Debt instrument collateral amount">2,300,000 was released from collateral, leaving approximately $<span id="xdx_900_eus-gaap--LineOfCreditFacilityCollateralFeesAmount_pp0p0_c20220314__20220315__us-gaap--DebtInstrumentAxis__custom--MAndTBankLoansMember__dei--LegalEntityAxis__custom--SedMarylandDevelopmentLlcMember__us-gaap--TypeOfArrangementAxis__custom--DevelopmentLoanAgreementMember_zkOsO14lsXZ5" title="Collateral for outstanding letters of credit">300,000 as collateral for outstanding letters of credit. The Company also has an escrow account with M&T Bank to deposit a portion of cash proceeds from lot sales. The funds in the escrow account were specifically to be used for the payment of the loan from M&T Bank. The funds were required to remain in the escrow account for the loan payment until the loan agreement terminates. In May 2022 the funds from this escrow account were released and the account closed. As of June 30, 2023 and December 31, 2022, the total balance of these two accounts was $309,372 and $309,219, respectively.

2600000

2300000

300000

309372

309219

<p id="xdx_84F_eus-gaap--ReceivablesTradeAndOtherAccountsReceivableAllowanceForDoubtfulAccountsPolicy_zAiPe8pQstye" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">Accounts Receivable and Allowance for Doubtful Accounts Accounts receivable include all receivables from buyers, contractors and all other parties. The Company records an allowance for doubtful accounts based on a review of the outstanding receivables, historical collection information and economic conditions. No allowance was necessary at either June 30, 2023 or December 31, 2022.

Property and Equipment and Depreciation Property and equipment are recorded at cost, less accumulated depreciation. Expenditures for major additions and betterments that extend the useful life or functionality are capitalized. Maintenance and repairs are charged to operations as incurred. Depreciation is computed by the straight-line method (after taking into account their respective estimated residual values) over the estimated useful lives, which are 3 years.

P3Y

Real Estate Assets <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif">Land Development Assets</td></tr> </table> Real estate assets are recorded at cost, except when real estate assets are acquired that meet the definition of a business combination in accordance with Financial Accounting Standards Board (“FASB”) ASC 805, “Business Combinations,” which acquired assets are recorded at fair value. Interest, property taxes, insurance and other incremental costs (including salaries) directly related to a project are capitalized during the construction period of major facilities and land improvements. The capitalization period begins when activities to develop the parcel commence and ends when the asset constructed is completed. The capitalized costs are recorded as part of the asset to which they relate and are reduced when lots are sold. In addition to our annual assessment of potential triggering events in accordance with ASC 360, the Company applies a fair-value based impairment test to the net book value assets on an annual basis and on an interim basis, if certain events or circumstances indicate that an impairment loss may have occurred. The Company did not record impairment on any of its projects during the six months ended on June 30, 2023, nor for the six months ended June 30, 2022. On October 28, 2022, 150 CCM Black Oak Ltd. (the “Seller”), a Texas Limited Partnership and subsidiary of the Company, entered into a Contract for Purchase and Sale and Escrow Instructions (the “Agreement”) with Century Land Holdings of Texas, LLC, a Colorado limited liability company (the “Buyer”). Pursuant to the terms of the Agreement, the Seller agreed to sell approximately 242 single-family detached residential lots comprising a residential community in the city of Magnolia, Texas known as the “Lakes at Black Oak.” On November 28, 2022, the parties to the Agreement entered into an amendment to the Agreement (the “Amendment”). Pursuant to the Amendment, the parties agreed that the Buyer would purchase approximately 131 single-family detached residential lots, instead of 242 lots. This transaction closed on April 13, 2023. On March 16, 2023, 150 CCM Black Oak Ltd. (the “Seller”) entered into a Purchase and Sale Agreement (the “Purchase and Sale Agreement”) with Rausch Coleman Homes Houston, LLC, a Texas limited liability company (“Rausch Coleman”). Pursuant to the terms of the Purchase and Sale Agreement, the Seller has agreed to sell approximately 110 single-family detached residential lots which comprise a section of the Lakes at Black Oak. The transaction closed on May 15, 2023. On March 17, 2023, 150 CCM Black Oak Ltd. (the “Seller”) entered into a Purchase and Sale Agreement (the “Purchase and Sale Agreement”) with Davidson Homes, LLC, an Alabama limited liability company (“Davidson”). Pursuant to the terms of the Purchase and Sale Agreement, the Seller has agreed to sell approximately 189 single-family detached residential lots developed within section 2 of Black Oak project. The sale of the first 94 lots closed on May 30, 2023. The sale of remaining lots is estimated to close at the end of the year 2023. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif">Investments in Single-Family Residential Properties</td></tr> </table> The Company accounts for its investments in single-family residential properties as asset acquisitions and records these acquisitions at their purchase price. The purchase price is allocated between land, building, improvements and existing leases based upon their relative fair values at the date of acquisition. The purchase price for purposes of this allocation is inclusive of acquisition costs which typically include legal fees, title fees, property inspection and valuation fees, as well as other closing costs. Building improvements and buildings are depreciated over estimated useful lives of approximately <span id="xdx_90B_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20230630__srt--RangeAxis__srt--MinimumMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingAndBuildingImprovementsMember_z7SPbCNROu86" title="Property plant and equipment, useful life">10 to <span id="xdx_90F_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20230630__srt--RangeAxis__srt--MaximumMember__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingAndBuildingImprovementsMember_zauKS7LispQ9" title="Property plant and equipment, useful life">27.5 years, respectively, using the straight-line method. The Company assesses its investments in single-family residential properties for impairment whenever events or changes in business circumstances indicate that carrying amounts of the assets may not be fully recoverable. When such events occur, management determines whether there has been impairment by comparing the asset’s carrying value with its fair value. Should impairment exist, the asset is written down to its estimated fair value. The Company did not recognize any impairment losses during the year ended on December 31, 2022. The Company disposed this business to related party on January 13, 2023. For further details on this transaction, refer to Note 5 to Company’s Financial Statements – Related Party Transactions and Note 7 – Discontinued Operations.

P10Y

P27Y6M

Revenue Recognition <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif">Land Development Revenue Recognition</td></tr> </table> ASC 606, Revenue from Contracts with Customers, establishes principles for reporting information about the nature, amount, timing and uncertainty of revenue and cash flows arising from the entity’s contracts to provide goods or services to customers. The Company adopted this new standard on January 1, 2018 under the modified retrospective method. The adoption of this new standard did not have a material effect on our financial statements. In accordance with ASC 606, revenue is recognized when a customer obtains control of promised goods or services. The amount of revenue recognized reflects the consideration to which we expect to be entitled to receive in exchange for these goods or services. The provisions of ASC 606 include a five-step process by which we determine revenue recognition, depicting the transfer of goods or services to customers in amounts reflecting the payment to which we expect to be entitled in exchange for those goods or services. ASC 606 requires us to apply the following steps: (1) identify the contract with the customer; (2) identify the performance obligations in the contract; (3) determine the transaction price; (4) allocate the transaction price to the performance obligations in the contract; and (5) recognize revenue when, or as, we satisfy the performance obligation. A detailed breakdown of the five-step process for the revenue recognition of our Ballenger project and Black Oak project, which were essentially most of the revenue of the Company in 2022 and 2023, respectively, is as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">a.</td> <td style="font: 10pt Times New Roman, Times, Serif">Identify the contract with a customer.</td></tr> </table> In the event of a sale the Company has signed agreements with the builders for developing the raw land ready to build lots. The contract has agreed upon prices, timelines, and specifications for what is to be provided. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">b.</td> <td style="font: 10pt Times New Roman, Times, Serif">Identify the performance obligations in the contract.</td></tr> </table> Performance obligations of the Company include delivering developed lots to the customer, which are required to meet certain specifications that are outlined in the contract. The customer inspects all lots prior to accepting title to ensure all specifications are met. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">c.</td> <td style="font: 10pt Times New Roman, Times, Serif">Determine the transaction price.</td></tr> </table> The transaction price is fixed and specified in the contract. Any subsequent change orders or price changes are required to be approved by both parties. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">d.</td> <td style="font: 10pt Times New Roman, Times, Serif">Allocate the transaction price to performance obligations in the contract.</td></tr> </table> Each lot or a group of lots is considered to be a separate performance obligation, for which the specified price in the contract is allocated to. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">e.</td> <td style="font: 10pt Times New Roman, Times, Serif">Recognize revenue when (or as) the entity satisfies a performance obligation.</td></tr> </table> In the event of a sale the builders do the inspections to make sure all conditions/requirements are met before taking title of lots. The Company recognizes revenue when title is transferred. The Company does not have further performance obligations once title is transferred. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif">Rental Revenue Recognition</td></tr> </table> The Company leases real estate properties to its tenants under leases that are predominately classified as operating leases, in accordance with ASC 842, Leases (“ASC 842”). Real estate rental revenue is comprised of minimum base rent and revenue from the collection of lease termination fees. Rent from tenants is recorded in accordance with the terms of each lease agreement on a straight-line basis over the initial term of the lease. Rental revenue recognition begins when the tenant controls the space and continues through the term of the related lease. Generally, at the end of the lease term, the Company provides the tenant with a one-year renewal option, including mostly the same terms and conditions provided under the initial lease term, subject to rent increases. The Company defers rental revenue related to lease payments received from tenants in advance of their due dates. These amounts are presented within deferred revenues and other payables on the Company’s condensed consolidated balance sheets. Rental revenue is subject to an evaluation for collectability on several factors, including payment history, the financial strength of the tenant and any guarantors, historical operations and operating trends of the property, and current economic conditions. If our evaluation of these factors indicates that it is not probable that we will recover substantially all of the receivable, rental revenue is limited to the lesser of the rental revenue that would be recognized on a straight-line basis (as applicable) or the lease payments that have been collected from the lessee. Differences between rental revenue recognized and amounts contractually due under the lease agreements are credited or charged to straight-line rent receivable or straight-line rent liability, as applicable. For the year ended December 31, 2022, the Company did not recognize any deferred revenue and collected all rents due. The Company disposed this business to related party on January 13, 2023. For further details on this transaction, refer to Note 5 to Company’s Financial Statements – Related Party Transactions and Note 7 – Discontinued Operations.

Sale of the Front Foot Benefit Assessments We have established a front foot benefit (“FFB”) assessment on all of the NVR lots. This is a 30-year annual assessment allowed in Frederick County which requires homeowners to reimburse the developer for the costs of installing public water and sewer to the lots. These assessments become effective as homes are settled, at which time we can sell the collection rights to investors who will pay an upfront lump sum, enabling us to more quickly realize the revenue. The selling prices range from $3,000 to $4,500 per home depending the type of the home. Our total revenue from the front foot benefit assessment is approximately $1 million. To recognize revenue of the FFB assessment, both our and NVR’s performance obligation have to be satisfied. Our performance obligation is completed once we complete the construction of water and sewer facility and close the lot sales with NVR, which inspects these water and sewer facility prior to close lot sales to ensure all specifications are met. NVR’s performance obligation is to sell homes they build to homeowners. Our FFB revenue is recognized on quarterly basis after NVR closes sales of homes to homeowners. The agreement with these FFB investors is not subject to amendment by regulatory agencies and thus our revenue from the FFB assessment is not either. During the three months ended on June 30, 2023 and 2022, we recognized revenue of $<span id="xdx_90D_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pp0p0_c20230401__20230630__us-gaap--TypeOfArrangementAxis__custom--FrontFootBenefitAssessmentMember_zMrk3Mee6k1j" title="Recognized revenue">0 and $<span id="xdx_90E_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pp0p0_c20220401__20220630__us-gaap--TypeOfArrangementAxis__custom--FrontFootBenefitAssessmentMember_zpGTfDpFmBf5" title="Recognized revenue">37,725 from the FFB assessments, respectively. During the six months ended on June 30, 2023 and 2022, we recognized revenue of $<span id="xdx_90F_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pp0p0_c20230101__20230630__us-gaap--TypeOfArrangementAxis__custom--FrontFootBenefitAssessmentMember_zeLwAbLZ3Rd9" title="Recognized revenue">0 and $<span id="xdx_905_eus-gaap--RevenueFromContractWithCustomerExcludingAssessedTax_pp0p0_c20220101__20220630__us-gaap--TypeOfArrangementAxis__custom--FrontFootBenefitAssessmentMember_zYemu519BlZ2" title="Recognized revenue">116,088 from the FFB assessments, respectively. 3000 4500

1000000

37725

116088

Contract Assets and Contract Liabilities Based on our contracts, we invoice customers once our performance obligations have been satisfied, at which point payment is unconditional. Accordingly, our contracts do not give rise to contract assets or liabilities under ASC 606. Accounts receivable are recorded when the right to consideration becomes unconditional. We disclose receivables from contracts with customers separately on the balance sheets.

Cost of Revenue <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif">Cost of Real Estate Sale </td></tr> </table> All of the costs of real estate sales are from our land development business. Land acquisition costs are allocated to each lot based on the area method, the size of the lot comparing to the total size of all lots in the project. Development costs and capitalized interest are allocated to lots sold based on the total expected development and interest costs of the completed project and allocating a percentage of those costs based on the selling price of the sold lot compared to the expected sales values of all lots in the project. If allocation of development costs and capitalized interest based on the projection and relative expected sales value is impracticable, those costs could also be allocated based on area method, the size of the lot comparing to the total size of all lots in the project. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif">Cost of Rental Revenue </td></tr> </table> Cost of rental revenue consists primarily of the costs associated with management and leasing fees to our management company, repairs and maintenance, depreciation and other related administrative costs. Utility expenses are paid directly by tenants. The Company disposed this business to related party on January 13, 2023. For further details on this transaction, refer to Note 5 to Company’s Financial Statements – Related Party Transactions and Note 7 – Discontinued Operations.

Recent Accounting Pronouncements In March 2020, the FASB issued ASU 2020-04, Reference Rate Reform (Topic 848): Facilitation of Reference Rate Reform on Financial Reporting. The amendments in this Update provide optional expedients and exceptions for applying generally accepted accounting principles (GAAP) to contracts, hedging relationships, and other transactions affected by reference rate reform if certain criteria are met. The amendments in this Update apply only to contracts, hedging relationships, and other transactions that reference LIBOR or another reference rate expected to be discontinued because of reference rate reform. The Company’s line of credit agreement provides procedures for determining a replacement or alternative rate in the event that LIBOR is unavailable. The amendments in this Update are effective for all entities as of March 12, 2020 through December 31, 2024. The Company does not believe that ASU 2020-04 will have significant impact on its future consolidated financial statements. In October 2021, the FASB issued ASU No. 2021-08, “Business Combinations (Topic 805): Accounting for Contract Assets and Contract Liabilities from Contracts with Customers.” ASU 2021-08 requires the company acquiring contract assets and contract liabilities obtained in a business combination to recognize and measure them in accordance with ASC 606, “Revenue from Contracts with Customers”. At the acquisition date, the company acquiring the business should record related revenue, as if it had originated the contract. Before the update such amounts were recognized by the acquiring company at fair value. The amendments in this Update are effective for fiscal years beginning after December 15, 2022, including interim periods within those fiscal years. Early adoption is permitted, including in interim periods, for any financial statements that have not yet been issued. The Company has adopted these requirements, effective on the first day of year 2023. The application of the ASU 2021-08 has not had a material impact on our consolidated financial statements.

2. CONCENTRATION OF CREDIT RISK The group maintains cash balances at various financial institutions. These balances are secured by the Federal Deposit Insurance Corporation. At times, these balances may exceed the federal insurance limits. At June 30, 2023 and December 31, 2022, uninsured cash and restricted cash balances were $137,628 and $1,354,302, respectively.

137628

1354302

3. BUILDER DEPOSITS In November 2015, SeD Maryland Development, LLC (“SeD Maryland”) entered into lot purchase agreements with NVR, Inc. (“NVR”) relating to the sale of single-family home and townhome lots to NVR in the Ballenger Run Project. The purchase agreements were amended three times thereafter. Based on the agreements, NVR is entitled to purchase 479 lots for a price of approximately $<span id="xdx_901_eus-gaap--PaymentsToAcquireBusinessesGross_pn6n6_c20151101__20151130__dei--LegalEntityAxis__custom--SedMarylandDevelopmentLlcMember__us-gaap--TypeOfArrangementAxis__custom--PurchaseAgreementsMember_zg5SdPftNGBa" title="Purchase price">64 million, which escalates <span id="xdx_905_ecustom--EscalationPercentage_pid_dp_uPure_c20151101__20151130__dei--LegalEntityAxis__custom--SedMarylandDevelopmentLlcMember__us-gaap--TypeOfArrangementAxis__custom--PurchaseAgreementsMember_zMKpeSXwVYU2" title="Escalation percentage">3% annually after June 1, 2018. As part of the agreements, NVR was required to give a deposit in the amount of $5,600,000. Upon the sale of lots to NVR, 9.9% of the purchase price is taken as payback of the deposit. A violation of the agreements by NVR would cause NVR to forfeit the deposit. On January 3, 2019 and April 28, 2020, NVR gave SeD Maryland two more deposits in the amounts of $100,000 and $220,000, respectively, based on the 3rd Amendment to the Lot Purchase Agreement. On June 30, 2023 and December 31, 2022, there were $0 and $0 held on deposit, respectively.

64000000

0.03

5600000

100000

220000

4. NOTES PAYABLE M&T Bank Loans On April 17, 2019, SeD Maryland Development LLC entered into a Development Loan Agreement with Manufacturers and Traders Trust Company (“M&T Bank”) in the principal amount not to exceed at any one time outstanding the sum of $<span id="xdx_902_eus-gaap--DebtInstrumentFaceAmount_iI_pp0p0_c20190417__us-gaap--DebtInstrumentAxis__custom--MAndTBankLoansMember__dei--LegalEntityAxis__custom--SedMarylandDevelopmentLlcMember__us-gaap--TypeOfArrangementAxis__custom--DevelopmentLoanAgreementMember_zBXyyEjeT6m5" title="Principal loan amount">8,000,000, with a cumulative loan advance amount of $<span id="xdx_90D_eus-gaap--LongtermFederalHomeLoanBankAdvancesNoncurrent_iI_pp0p0_c20190417__us-gaap--DebtInstrumentAxis__custom--MAndTBankLoansMember__dei--LegalEntityAxis__custom--SedMarylandDevelopmentLlcMember__us-gaap--TypeOfArrangementAxis__custom--DevelopmentLoanAgreementMember_z1HwbCjmOFgb" title="Cumulative loan advance amount">18,500,000. The line of credit bears interest rate of <span id="xdx_901_eus-gaap--LineOfCreditFacilityInterestRateDescription_c20190416__20190417__us-gaap--DebtInstrumentAxis__custom--MAndTBankLoansMember__dei--LegalEntityAxis__custom--SedMarylandDevelopmentLlcMember__us-gaap--TypeOfArrangementAxis__custom--DevelopmentLoanAgreementMember__us-gaap--VariableRateAxis__us-gaap--BaseRateMember_zz94oBhcyQz5" title="Interest rate description">LIBOR plus 375 basis points. SeD Maryland Development LLC was also provided with a Letter of Credit (“L/C”) Facility in an aggregate amount of up to $<span id="xdx_908_eus-gaap--LineOfCreditFacilityMaximumBorrowingCapacity_iI_pp0p0_c20190417__us-gaap--DebtInstrumentAxis__custom--MAndTBankLoansMember__dei--LegalEntityAxis__custom--SedMarylandDevelopmentLlcMember__us-gaap--TypeOfArrangementAxis__custom--DevelopmentLoanAgreementMember__us-gaap--CreditFacilityAxis__us-gaap--LetterOfCreditMember_zU4FVEkmE1K" title="Line of credit facility, maximum borrowing capacity">900,000. The L/C commission will be <span id="xdx_90A_eus-gaap--LineOfCreditFacilityInterestRateDuringPeriod_pid_dp_uPure_c20190416__20190417__us-gaap--DebtInstrumentAxis__custom--MAndTBankLoansMember__dei--LegalEntityAxis__custom--SedMarylandDevelopmentLlcMember__us-gaap--TypeOfArrangementAxis__custom--DevelopmentLoanAgreementMember_zod8zaArybtd" title="Line of credit interest rate">1.5% per annum on the face amount of the L/C. Other standard lender fees will apply in the event L/C is drawn down. The loan is a revolving line of credit. The L/C Facility is not a revolving loan, and amounts advanced and repaid may not be re-borrowed. Repayment of the Loan Agreement is secured by $<span id="xdx_90F_eus-gaap--LineOfCreditFacilityCollateralFeesAmount_pp0p0_c20190416__20190417__us-gaap--DebtInstrumentAxis__custom--MAndTBankLoansMember__dei--LegalEntityAxis__custom--SedMarylandDevelopmentLlcMember__us-gaap--TypeOfArrangementAxis__custom--DevelopmentLoanAgreementMember_zAvOxJD4HFmg" title="Collateral for outstanding letters of credit">2,600,000 collateral fund and a Deed of Trust issued to the Lender on the property owned by SeD Maryland. As of June 30, 2023 and December 31, 2022, the outstanding balance of the revolving loan was $<span id="xdx_90F_eus-gaap--LineOfCredit_iI_pp0p0_c20230630__us-gaap--DebtInstrumentAxis__custom--MAndTBankLoansMember__dei--LegalEntityAxis__custom--SedMarylandDevelopmentLlcMember__us-gaap--TypeOfArrangementAxis__custom--DevelopmentLoanAgreementMember_zI37NlC4pkrh" title="Letter of credit"><span id="xdx_905_eus-gaap--LineOfCredit_iI_pp0p0_c20221231__us-gaap--DebtInstrumentAxis__custom--MAndTBankLoansMember__dei--LegalEntityAxis__custom--SedMarylandDevelopmentLlcMember__us-gaap--TypeOfArrangementAxis__custom--DevelopmentLoanAgreementMember_zI6kSaYHZZc" title="Letter of credit">0. On March 15, 2022 approximately $<span id="xdx_909_eus-gaap--DebtInstrumentCollateralAmount_iI_pp0p0_c20220315__us-gaap--DebtInstrumentAxis__custom--MAndTBankLoansMember__dei--LegalEntityAxis__custom--SedMarylandDevelopmentLlcMember__us-gaap--TypeOfArrangementAxis__custom--DevelopmentLoanAgreementMember_zpZyLfrk1ode" title="Debt instrument collateral amount">2,300,000 was released from collateral, leaving approximately $<span id="xdx_90A_eus-gaap--LineOfCreditFacilityCollateralFeesAmount_pp0p0_c20220314__20220315__us-gaap--DebtInstrumentAxis__custom--MAndTBankLoansMember__dei--LegalEntityAxis__custom--SedMarylandDevelopmentLlcMember__us-gaap--TypeOfArrangementAxis__custom--DevelopmentLoanAgreementMember_zxhJa9bxiQAe" title="Collateral for outstanding letters of credit">300,000 as collateral for outstanding letters of credit. Paycheck Protection Program Loan On February 11, 2021, the Company entered into a five year note with M&T Bank with a principal amount of $<span id="xdx_90B_eus-gaap--DebtInstrumentCarryingAmount_iI_c20210211__us-gaap--DebtInstrumentAxis__custom--MAndTBankLoansMember__us-gaap--LongtermDebtTypeAxis__custom--PaycheckProtectionProgramMember_zLYmcFvT79Te" title="Principal loan amount">68,502 pursuant to the Paycheck Protection Program (“PPP Term Note”) under the Coronavirus Aid, Relief, and Economic Security Act (the “CARES Act”). The PPP Loan is evidenced by a promissory note. The PPP Term Note bears interest at a fixed annual rate of <span id="xdx_904_eus-gaap--DebtInstrumentInterestRateStatedPercentage_iI_pid_dp_uPure_c20210211__us-gaap--DebtInstrumentAxis__custom--MAndTBankLoansMember__us-gaap--LongtermDebtTypeAxis__custom--PaycheckProtectionProgramMember_zJJZYJUcEA2g" title="Debt interest rate">1.00%, with the first sixteen months of principal and interest deferred or until we apply for the loan forgiveness. The PPP Term Note may be accelerated upon the occurrence of an event of default. The PPP Term Note is unsecured and guaranteed by the United States Small Business Administration. The Company applied to M&T Bank for forgiveness of the PPP Term Note, with the amount which may be forgiven equal to at least <span id="xdx_90A_ecustom--PercentageForForgivenAmount_iI_pid_dp_uPure_c20210211__us-gaap--DebtInstrumentAxis__custom--MAndTBankLoansMember__us-gaap--LongtermDebtTypeAxis__custom--PaycheckProtectionProgramMember_z7VkzlL2wCp5" title="Percentage for forgiven amount">60% of payroll costs and other eligible payments incurred by the Company, calculated in accordance with the terms of the CARES Act. In April, 2022 the Company received confirmation that the loan was fully forgiven.

8000000

18500000

LIBOR plus 375 basis points

900000

0.015

2600000

2300000

300000

68502

0.0100

0.60

5. RELATED PARTY TRANSACTIONS Loan from SeD Home Limited The Company receives advances from SeD Home Limited (an affiliate of Alset International) to fund development and operation costs. The advances bear interest of <span id="xdx_907_eus-gaap--DebtInstrumentInterestRateStatedPercentage_iI_pid_dp_uPure_c20230630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--SedHomeLimitedMember_zeijBhXoFWq3" title="Interest rate">10% and are payable on demand. As of June 30, 2023 and December 31, 2022, Alset EHome Inc. had outstanding principal due of $<span id="xdx_90E_eus-gaap--OtherLiabilities_iI_c20230630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--AlsetEHomeIncMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--RelatedPartyMember_zkY2txhanSN1" title="Due to related party">0 and $<span id="xdx_901_eus-gaap--OtherLiabilities_iI_c20221231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--AlsetEHomeIncMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--RelatedPartyMember_zguno4qMmRx3" title="Due to related party">0, respectively and accrued interest of $228,557 and $228,557, respectively. Loan to/from SeD Intelligent Home Inc. The Company receives advances from or loans to SeD Intelligent Home, the owner of <span id="xdx_908_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20230630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--SedIntelligentHomeIncMember_zxLXXL2ODNZc" title="Ownership percentage">99.99% of the Company. The advances or the loans bore interest of <span id="xdx_901_eus-gaap--DebtInstrumentInterestRateStatedPercentage_iI_pid_dp_uPure_c20230630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--SedIntelligentHomeIncMember_zCZjSYPfh09g" title="Interest rate">18% until August 30, 2017 when the interest rate was adjusted to <span id="xdx_907_ecustom--DebtInstrumentInterestRateAdjustedPercentage_iI_pid_dp_uPure_c20230630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--SedIntelligentHomeIncMember_zz9e4tlaSz1h" title="Debt instrument interest rate adjusted percentage">5% and have no set repayment terms. On June 30, 2023, SeD Intelligent Home owed $<span id="xdx_901_eus-gaap--OtherLiabilities_iI_pp0p0_c20230630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--SedIntelligentHomeIncMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--RelatedPartyMember_zitDgSsPRvAe" title="Due to related party">1,735,058 of principal and $<span id="xdx_90F_eus-gaap--InterestPayableCurrent_iI_pp0p0_c20230630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--SedIntelligentHomeIncMember_zcuNwXF9yeib" title="Interest payable">7,802 of accrued interest to the Company. On December 31, 2022, the Company owed $<span id="xdx_90D_eus-gaap--OtherLiabilities_iI_pp0p0_c20221231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--SedIntelligentHomeIncMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--RelatedPartyMember_ztdfIZho4WAj" title="Due to related party">26,443,055 of advance principal and $<span id="xdx_903_eus-gaap--InterestPayableCurrent_iI_pp0p0_c20221231__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--SedIntelligentHomeIncMember_zQfMZ4TXJo2h" title="Interest payable">1,154,462 of accrued interest. Management Fees MacKenzie Equity Partners, LLC, an entity owned by a Charles MacKenzie, a Director of the Company, has had a consulting agreement with a majority-owned subsidiary of the Company since 2015. Per the terms of the agreement, as amended on January 1, 2018, the Company’s subsidiary paid a monthly fee of $<span id="xdx_905_eus-gaap--ProfessionalFees_c20171229__20180101__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CharlesMacKenzieMember__us-gaap--TypeOfArrangementAxis__custom--ConsultingAgreementMember_z68JLu98wMOk" title="Consulting service">20,000 for consulting services. Pursuant to an agreement entered into in June of 2022, the Company’s subsidiary has paid $<span id="xdx_900_eus-gaap--ProfessionalFees_c20220101__20221231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CharlesMacKenzieMember__us-gaap--TypeOfArrangementAxis__custom--ConsultingAgreementMember_zNkuo6iT78J2" title="Consulting service">25,000 per month for consulting services, effective as of January, 2022. In addition, MacKenzie Equity Partners is to paid certain bonuses, including (i) a sum of $50,000 on June 30, 2022; (ii) a sum of $50,000 upon the successful financing of 100 homes owned by American Housing REIT Inc. with an entity not affiliated with SeD Development Management LLC (a subsidiary of the Company); and (iii) a sum of $50,000 upon the successful leasing of 30 homes in the Alset of Black Oak development. The Company incurred expenses of $<span id="xdx_901_eus-gaap--ManagementFeeExpense_c20220401__20220630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CharlesMacKenzieMember__us-gaap--TypeOfArrangementAxis__custom--ConsultingAgreementMember_zhUckMrhwX0j" title="Management fees">140,000 and $<span id="xdx_900_eus-gaap--ManagementFeeExpense_c20220101__20220630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CharlesMacKenzieMember__us-gaap--TypeOfArrangementAxis__custom--ConsultingAgreementMember_zxQD0LVIXBS6" title="Management fees">200,000 in the three and six months ended June 30, 2022, respectively, and $<span id="xdx_904_eus-gaap--ManagementFeeExpense_c20230401__20230630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CharlesMacKenzieMember__us-gaap--TypeOfArrangementAxis__custom--ConsultingAgreementMember_zzLBkjMkxssk" title="Management fees">75,000 and $<span id="xdx_902_eus-gaap--ManagementFeeExpense_c20230101__20230630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CharlesMacKenzieMember__us-gaap--TypeOfArrangementAxis__custom--ConsultingAgreementMember_zkF3Z4O7bUW4" title="Management fees">150,000 in the three and six months ended June 30, 2023, respectively, which were capitalized as part of Real Estate on the balance sheet as the services relate to property and project management. In June, 2022, MacKenzie Equity Partners accrued $<span id="xdx_905_ecustom--BonusPayment_c20220601__20220630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CharlesMacKenzieMember__us-gaap--TypeOfArrangementAxis__custom--ConsultingAgreementMember_zzqUx3Bhc6dc" title="Bonus payment">50,000 bonus payment (as described above). On June 30, 2023 and December 31, 2022, the Company owed this related party $<span id="xdx_906_eus-gaap--OtherLiabilities_iI_pp0p0_c20230630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CharlesMacKenzieMember__us-gaap--TypeOfArrangementAxis__custom--ConsultingAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--RelatedPartyMember_zMOOhRuapIFl" title="Due to related party">25,000 and $<span id="xdx_90D_eus-gaap--OtherLiabilities_iI_pp0p0_c20221231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--CharlesMacKenzieMember__us-gaap--TypeOfArrangementAxis__custom--ConsultingAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--RelatedPartyMember_zrrIuFCc96Vl" title="Due to related party">25,000, respectively. On December 29, 2020, the Company entered into a Management Services Agreement (the “Management Services Agreement”) with Alset International, pursuant to which the Company paid Alset International a one-time payment of $<span id="xdx_906_eus-gaap--ProfessionalFees_pp0p0_c20201229__20201229__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AlsetInternationalMember__us-gaap--TypeOfArrangementAxis__custom--ManagementServiceAgreementMember__us-gaap--AwardTypeAxis__custom--OneTimePaymentMember_zzqoSQpGmT4f" title="Professional fees">360,000 for the services of certain Alset International staff members the Company received in 2020, and agreed to pay Alset International $<span id="xdx_904_eus-gaap--ProfessionalFees_c20210101__20211231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AlsetInternationalMember__us-gaap--TypeOfArrangementAxis__custom--ManagementServiceAgreementMember_zNs3fs8im6Yi" title="Professional fees">30,000 per month for services to be provided in 2021. This Management Services Agreement had a term that ended December 31, 2021. Alset International provided the Company with services related to the development of the Black Oak and Ballenger Run real estate projects near Houston, Texas and in Frederick, Maryland, respectively, and the potential development of future real estate projects. During the years 2023 and 2022 the Company did not incur any expenses to this related party and owed this related party $<span id="xdx_909_eus-gaap--ProfessionalAndContractServicesExpense_c20230101__20230630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AlsetInternationalMember__us-gaap--TypeOfArrangementAxis__custom--ManagementServiceAgreementMember_z0YXgjaYQr9e" title="Consulting expenses">0 and $<span id="xdx_90D_eus-gaap--ProfessionalAndContractServicesExpense_c20220101__20221231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AlsetInternationalMember__us-gaap--TypeOfArrangementAxis__custom--ManagementServiceAgreementMember_znJIP96rOwg9" title="Consulting expenses">720,000 as of June 30, 2023 and December 31, 2022, respectively. This balance due was included in the loan amount from SeD Intelligent Home Inc., which in turn owed the funds to Alset International. Advances to Alset Inc. The Company pays some operating expenses for Alset Inc., a related party under the common control of Chan Heng Fai, the CEO of the Company. The advances are interest free with no set repayment terms. On June 30, 2023 and December 31, 2022, the balance of these advances was $<span id="xdx_90C_eus-gaap--OtherReceivables_iI_c20230630__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AlsetIncMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--RelatedPartyMember_zEfVExsDfVH8" title="Due from related parties">230 and $<span id="xdx_90B_eus-gaap--OtherReceivables_iI_c20221231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--AlsetIncMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--RelatedPartyMember_zQetXIYVwZOl" title="Due from related parties">0, respectively. Sale of Rental Business On December 9, 2022, Alset EHome Inc., a subsidiary of LiquidValue Development Inc. (the “Company”), entered into an agreement with Alset International Limited and Alset Inc. pursuant to which Alset EHome Inc. agreed to sell its subsidiary American Home REIT Inc. (“AHR”), which owns 112 single-family rental homes, to Alset Inc. The closing of the transaction contemplated by this agreement was completed on January 13, 2023. Alset EHome Inc. sold AHR for a total consideration of $<span id="xdx_900_eus-gaap--ProceedsFromDivestitureOfBusinesses_pp0p0_c20221209__20221209__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--AlsetEHomeIncMember_zd3zkFDmUXo9" title="Proceeds from sale of business">26,250,933, including the forgiveness of debt in the amount of $<span id="xdx_900_eus-gaap--DebtInstrumentDecreaseForgiveness_pp0p0_c20221209__20221209__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--AlsetEHomeIncMember_zhanENlrQzWk" title="Debt forgiveness, amount">13,900,000, a promissory note in the amount of $11,350,933 and a cash payment of $<span id="xdx_90B_eus-gaap--PaymentsToAcquireBusinessesGross_c20221209__20221209__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--AlsetEHomeIncMember_zc6U5hlBSlVd" title="Purchase price of business acquisition">1,000,000. This purchase price represents the book value of AHR as of November 30, 2022. The closing of this transaction was approved by the stockholders of Alset International Limited. The difference between the selling price and AHR’s book value on the date of sale of $<span id="xdx_904_ecustom--AdjustmentsToAdditionalPaidInCapitalGainOnDisposalOfSubsidiaryToRelatedParty_pp0p0_c20221209__20221209__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--AlsetEHomeIncMember_z0yvk9nHtmAi" title="Due to related party">274,204 was recorded as additional paid in capital, considering that it was a related party transaction. The Company accrued $376,167 interest on note receivable from Alset Inc. on June 30, 2023. Alset Inc. owns <span id="xdx_904_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20230630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--AlsetIncMember_z2hWa9mW2M8l" title="Ownership percentage">85.4% of Alset International Limited, and Alset International Limited indirectly owns approximately <span id="xdx_90A_eus-gaap--EquityMethodInvestmentOwnershipPercentage_iI_pid_dp_uPure_c20230630__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--AlsetInternationalMember_zw9BPSFjfxme" title="Ownership percentage">99.9% of the Company. Certain members of the Company’s Board of Directors and management are also members of the Board of Directors and management of each of Alset International Limited and Alset Inc. Chan Heng Fai, the Chairman, Chief Executive Officer and majority stockholder of Alset Inc., is also the Chairman and Chief Executive Officer of both the Company and Alset International Limited; Chan Tung Moe is the Co-Chief Executive Officer and a member of the Board of Directors of Alset Inc., Alset International Limited and the Company; and Charles MacKenzie, a director of the Company, is also an officer of Alset Inc.

0.10

228557

0.9999

0.18

0.05

1735058

7802

26443055

1154462

20000

25000

(i) a sum of $50,000 on June 30, 2022; (ii) a sum of $50,000 upon the successful financing of 100 homes owned by American Housing REIT Inc. with an entity not affiliated with SeD Development Management LLC (a subsidiary of the Company); and (iii) a sum of $50,000 upon the successful leasing of 30 homes in the Alset of Black Oak development

140000

200000

75000

150000

50000

25000

360000

30000

720000

230

26250933

13900000

11350933

1000000

274204

376167

0.854

0.999

6. STOCKHOLDERS’ EQUITY As of June 30, 2023, there were 704,043,324 shares of the registrant’s common stock $0.001 par value per share, issued and outstanding. The Company did not authorize any distribution during six months ended June 30, 2023 and six months ended June 30, 2022.

704043324

0.001

7. DISCONTINUED OPERATIONS On December 9, 2022 Alset EHome Inc. (Alset EHome), a subsidiary of the Company, entered into stock purchase agreement with Alset International Limited (“Alset International”) and Alset Inc., pursuant to which Alset Inc. agreed to purchase all of the outstanding shares of American Home REIT Inc., a wholly owned subsidiary of Alset EHome. American Home REIT Inc. is the owner of 112 rental homes. Alset EHome is a majority-owned, indirect subsidiary of Alset International, while Alset International is a majority-owned, indirect subsidiary of Alset Inc. The purchase price of the transaction was established at $<span id="xdx_903_eus-gaap--ProceedsFromDivestitureOfBusinesses_pp0p0_c20221209__20221209__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--AlsetEHomeIncMember_zhktSpSRH5ng" title="Proceeds from sale of business">26,250,933. Pursuant to the stock purchase agreement the purchase price should be satisfied by (i) a cash payment from Alset Inc. to Alset EHome of $<span id="xdx_907_eus-gaap--PaymentsToAcquireBusinessesGross_c20221209__20221209__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--AlsetEHomeIncMember_zg1iRKJxRIm7" title="Purchase price of business acquisition">1,000,000 in immediate available funds; (ii) the offset of amount owned by Alset International to Alset Inc. in the amount of $<span id="xdx_903_eus-gaap--DebtInstrumentDecreaseForgiveness_pp0p0_c20221209__20221209__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--AlsetEHomeIncMember_z3h1Rin1y7h4" title="Debt forgiveness, amount">13,900,000, and simultaneously Alset International will offset the same amount owed by Alset EHome to Alset International in an the same amount; and (iii) the issuance of the Promissory Note by Alset Inc. to Alset EHome in the amount of $11,350,933. The closing of this sale is subject to the approval of shareholders of Alset International. The difference between the selling price and AHR’s book value on the date of sale of $<span id="xdx_90B_ecustom--AdjustmentsToAdditionalPaidInCapitalGainOnDisposalOfSubsidiaryToRelatedParty_pp0p0_c20221209__20221209__srt--ScheduleOfEquityMethodInvestmentEquityMethodInvesteeNameAxis__custom--AlsetEHomeIncMember_zcG21W1P2azk" title="Due to related party">274,204 was recorded as additional paid in capital, considering that it was a related party transaction. The Company accrued $376,167 interest on note receivable from Alset Inc. on June 30, 2023. Under ASU 2014-08, a disposal transaction meets the definition of a discontinued operation if all of the following criteria are met: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in; text-align: justify">1.</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The disposal group constitutes a component of an entity or a group of components of an entity.</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">2.</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The component of an entity (or group of components of an entity) meets the held-for-sale classification criteria, is disposed of by sale, or is disposed of other than by sale (e.g., “by abandonment, in an exchange measured based on the recorded amount of the nonmonetary asset relinquished, or in a distribution to owners in a spinoff”).</td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">3.</td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify">The disposal of a component of an entity (or group of components of an entity) “represents a strategic shift that has (or will have) a major effect on an entity’s operations and financial results”.</td></tr> </table> American Home REIT Inc., is the owner of all rental properties of the Company’s rental business. The transaction described above is a disposal by sale and has a major effect on our financial results. Since it meets all of the test criteria set forth above, we have treated this disposal transaction as a discontinued operations in our financial statements. The closing of this transaction was completed on January 13, 2023. <p id="xdx_891_eus-gaap--ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock_zhOf2IWnl9k1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">The composition of assets and liabilities included in discontinued operations are as follows: SCHEDULE OF DISCONTINUED OPERATIONS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 85%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_494_20230113__us-gaap--DisposalGroupClassificationAxis__us-gaap--DiscontinuedOperationsDisposedOfBySaleMember_zhRkS14ufx19" style="border-bottom: Black 1.5pt solid; text-align: center">January 13, 2023</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_497_20221231__us-gaap--DisposalGroupClassificationAxis__us-gaap--DiscontinuedOperationsDisposedOfBySaleMember_zDQmulERW1c" style="border-bottom: Black 1.5pt solid; text-align: center">December 31, 2022</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">($)</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">($)</td><td style="font-weight: bold"> </td></tr> <tr id="xdx_40C_eus-gaap--AssetsOfDisposalGroupIncludingDiscontinuedOperationAbstract_iB_zayzrRSvjyKg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Assets:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Real Estate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_ecustom--DisposalGroupIncludingDiscontinuedOperationLand_i01I_z0AHta3UwD4b" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%">Land</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right"> -</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">4,908,590</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_ecustom--DisposalGroupIncludingDiscontinuedOperationBuildingAndImprovement_i01I_zsRj5OxBkSAa" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Building and Improvements</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">21,933,889</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_401_ecustom--DisposalGroupIncludingDiscontinuedOperationRealEstateGross_i01I_zScU87atsCl6" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Real Estate Gross</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">26,842,479</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--DisposalGroupIncludingDiscontinuedOperationRealEstateAccumulatedDepreciation_i01NI_di_zg6taMnObLj8" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Less: Accumulated Depreciation</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(973,257</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr id="xdx_400_ecustom--DisposalGroupIncludingDiscontinuedOperationRealEstate_i01I_zClwvRcsTzei" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Total Real Estate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">25,869,222</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents_iI_zS6TN9fuerqh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Cash</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,186,658</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet_iI_zvrrINAtGvO6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Accounts Receivable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">34,743</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_ecustom--DisposalGroupIncludingDiscontinuedOperationRelatedPartyReceivable_iI_zuFuHL0bOiBi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Related Party Receivable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,800</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--DisposalGroupIncludingDiscontinuedOperationPrepaidAndOtherAssetsCurrent_iI_zzejE9xofv8f" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Prepaid Expenses</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">4,413</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--AssetsOfDisposalGroupIncludingDiscontinuedOperation_iI_z5FuiAdinJra" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Total Assets</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td style="font-weight: bold; text-align: right">27,099,836</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationAbstract_iB_zWngY8mdskh7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Liabilities:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--DisposalGroupIncludingDiscontinuedOperationAccountsPayableAndAccruedLiabilities_i01I_zaAEaRJnf3Hc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Accounts Payable and Accrued Expenses</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,112,932</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation_i01I_zKkTqBt8B9pl" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left">Total Liabilities</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td style="font-weight: bold; text-align: right">1,112,932</td><td style="font-weight: bold; text-align: left"> </td></tr> </table> The aggregate financial results of discontinued operations were as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 85%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_499_20230101__20230113__us-gaap--DisposalGroupClassificationAxis__us-gaap--DiscontinuedOperationsDisposedOfBySaleMember_zzNtqHF7pkD7" style="border-bottom: Black 1.5pt solid; text-align: center">Period Ended January 13, 2023</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_494_20220101__20220630__us-gaap--DisposalGroupClassificationAxis__us-gaap--DiscontinuedOperationsDisposedOfBySaleMember_zRrfpc7kO3X4" style="border-bottom: Black 1.5pt solid; text-align: center">Six Months Ended June 30, 2022</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr id="xdx_405_eus-gaap--DisposalGroupNotDiscontinuedOperationIncomeStatementDisclosuresAbstract_iB_zB2TZObLzeKk" style="vertical-align: bottom"> <td>Income Statement Disclosures Attributable to Discontinued Operation</td><td> </td> <td colspan="2"> </td><td> </td><td> </td> <td colspan="2"> </td><td> </td></tr> <tr id="xdx_400_eus-gaap--DisposalGroupIncludingDiscontinuedOperationRentalIncome_zUbAou3uFF5a" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Rental Revenue</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">81,767</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">636,482</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense_zmB6aMnfKAWb" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">General and Administrative</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">31,315</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">383,801</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold_zEupochXjNwh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Cost of Revenues</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">31,506</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">221,254</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--DisposalGroupIncludingDiscontinuedOperationDepreciationAndAmortization_zX6BmPCVmfb3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Depreciation Expense</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">29,121</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">313,753</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--DisposalGroupIncludingDiscontinuedOperationOperatingExpense_z7XsL3aFEmZh" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Total Operating Expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">91,942</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">918,808</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss_zvvUpOmdElej" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left">Loss From Operations</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(10,175</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(282,326</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--DisposalGroupIncludingDiscontinuedOperationInterestExpense_zPZzSvuMiQWc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Bank Charges</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">3</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--DisposalGroupIncludingDiscontinuedOperationOtherExpense_zTO9nxLsem9c" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Total Other Expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity_zda9TVb6n6Oe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Loss from Discontinued Operations</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td style="font-weight: bold; text-align: right">(10,175</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td style="font-weight: bold; text-align: right">(282,329</td><td style="font-weight: bold; text-align: left">)</td></tr> </table> The cash flows attributable to the discontinued operations are as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_491_20230101__20230113__us-gaap--DisposalGroupClassificationAxis__us-gaap--DiscontinuedOperationsDisposedOfBySaleMember_znNKqyGOhIIi" style="border-bottom: Black 1.5pt solid; text-align: center">Period Ended January 13, 2023</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_49B_20220101__20220630__us-gaap--DisposalGroupClassificationAxis__us-gaap--DiscontinuedOperationsDisposedOfBySaleMember_zMSOLIUI25z5" style="border-bottom: Black 1.5pt solid; text-align: center">Six Months Ended June 30, 2022</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr id="xdx_404_eus-gaap--NetCashProvidedByUsedInDiscontinuedOperationsAbstract_iB_zZ8y0Oe9KODc" style="vertical-align: bottom"> <td style="text-align: justify">Cash Flows Attributable to Discontinued Operations</td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr id="xdx_40E_eus-gaap--CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations_zwgT6HjonPV8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: justify">Operating</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">10,175</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">257,407</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations_zHKVflsijOKe" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Investing</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,324,978</td><td style="text-align: left">)</td></tr> <tr id="xdx_40C_eus-gaap--CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations_zT08vNFcVuv8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1.5pt">Financing</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--NetCashProvidedByUsedInDiscontinuedOperations_zvY79hEkc5hl" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1.5pt">Net Change in Cash</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">10,175</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,067,571</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> </table>

26250933

1000000

13900000

11350933

274204

376167

<p id="xdx_891_eus-gaap--ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock_zhOf2IWnl9k1" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0; text-align: justify">The composition of assets and liabilities included in discontinued operations are as follows: SCHEDULE OF DISCONTINUED OPERATIONS <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 85%"> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_494_20230113__us-gaap--DisposalGroupClassificationAxis__us-gaap--DiscontinuedOperationsDisposedOfBySaleMember_zhRkS14ufx19" style="border-bottom: Black 1.5pt solid; text-align: center">January 13, 2023</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_497_20221231__us-gaap--DisposalGroupClassificationAxis__us-gaap--DiscontinuedOperationsDisposedOfBySaleMember_zDQmulERW1c" style="border-bottom: Black 1.5pt solid; text-align: center">December 31, 2022</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">($)</td><td style="font-weight: bold"> </td><td style="font-weight: bold"> </td> <td colspan="2" style="font-weight: bold; text-align: center">($)</td><td style="font-weight: bold"> </td></tr> <tr id="xdx_40C_eus-gaap--AssetsOfDisposalGroupIncludingDiscontinuedOperationAbstract_iB_zayzrRSvjyKg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Assets:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Real Estate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_ecustom--DisposalGroupIncludingDiscontinuedOperationLand_i01I_z0AHta3UwD4b" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%">Land</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right"> -</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">4,908,590</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_ecustom--DisposalGroupIncludingDiscontinuedOperationBuildingAndImprovement_i01I_zsRj5OxBkSAa" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Building and Improvements</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">21,933,889</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_401_ecustom--DisposalGroupIncludingDiscontinuedOperationRealEstateGross_i01I_zScU87atsCl6" style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Real Estate Gross</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">26,842,479</td><td style="text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--DisposalGroupIncludingDiscontinuedOperationRealEstateAccumulatedDepreciation_i01NI_di_zg6taMnObLj8" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Less: Accumulated Depreciation</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(973,257</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr id="xdx_400_ecustom--DisposalGroupIncludingDiscontinuedOperationRealEstate_i01I_zClwvRcsTzei" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Total Real Estate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">25,869,222</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--DisposalGroupIncludingDiscontinuedOperationCashAndCashEquivalents_iI_zS6TN9fuerqh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Cash</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">1,186,658</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--DisposalGroupIncludingDiscontinuedOperationAccountsNotesAndLoansReceivableNet_iI_zvrrINAtGvO6" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Accounts Receivable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">34,743</td><td style="text-align: left"> </td></tr> <tr id="xdx_408_ecustom--DisposalGroupIncludingDiscontinuedOperationRelatedPartyReceivable_iI_zuFuHL0bOiBi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Related Party Receivable</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">4,800</td><td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--DisposalGroupIncludingDiscontinuedOperationPrepaidAndOtherAssetsCurrent_iI_zzejE9xofv8f" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Prepaid Expenses</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">4,413</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--AssetsOfDisposalGroupIncludingDiscontinuedOperation_iI_z5FuiAdinJra" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Total Assets</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td style="font-weight: bold; text-align: right">27,099,836</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--LiabilitiesOfDisposalGroupIncludingDiscontinuedOperationAbstract_iB_zWngY8mdskh7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold">Liabilities:</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--DisposalGroupIncludingDiscontinuedOperationAccountsPayableAndAccruedLiabilities_i01I_zaAEaRJnf3Hc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left">Accounts Payable and Accrued Expenses</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,112,932</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--LiabilitiesOfDisposalGroupIncludingDiscontinuedOperation_i01I_zKkTqBt8B9pl" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left">Total Liabilities</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td style="font-weight: bold; text-align: right">-</td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td style="font-weight: bold; text-align: right">1,112,932</td><td style="font-weight: bold; text-align: left"> </td></tr> </table> The aggregate financial results of discontinued operations were as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 85%"> <tr style="vertical-align: bottom"> <td> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_499_20230101__20230113__us-gaap--DisposalGroupClassificationAxis__us-gaap--DiscontinuedOperationsDisposedOfBySaleMember_zzNtqHF7pkD7" style="border-bottom: Black 1.5pt solid; text-align: center">Period Ended January 13, 2023</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_494_20220101__20220630__us-gaap--DisposalGroupClassificationAxis__us-gaap--DiscontinuedOperationsDisposedOfBySaleMember_zRrfpc7kO3X4" style="border-bottom: Black 1.5pt solid; text-align: center">Six Months Ended June 30, 2022</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr id="xdx_405_eus-gaap--DisposalGroupNotDiscontinuedOperationIncomeStatementDisclosuresAbstract_iB_zB2TZObLzeKk" style="vertical-align: bottom"> <td>Income Statement Disclosures Attributable to Discontinued Operation</td><td> </td> <td colspan="2"> </td><td> </td><td> </td> <td colspan="2"> </td><td> </td></tr> <tr id="xdx_400_eus-gaap--DisposalGroupIncludingDiscontinuedOperationRentalIncome_zUbAou3uFF5a" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: left">Rental Revenue</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">81,767</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">636,482</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--DisposalGroupIncludingDiscontinuedOperationGeneralAndAdministrativeExpense_zmB6aMnfKAWb" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">General and Administrative</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">31,315</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">383,801</td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--DisposalGroupIncludingDiscontinuedOperationCostsOfGoodsSold_zEupochXjNwh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td>Cost of Revenues</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">31,506</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">221,254</td><td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--DisposalGroupIncludingDiscontinuedOperationDepreciationAndAmortization_zX6BmPCVmfb3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Depreciation Expense</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">29,121</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">313,753</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--DisposalGroupIncludingDiscontinuedOperationOperatingExpense_z7XsL3aFEmZh" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Total Operating Expenses</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">91,942</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">918,808</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--DisposalGroupIncludingDiscontinuedOperationOperatingIncomeLoss_zvvUpOmdElej" style="vertical-align: bottom; background-color: White"> <td style="font-weight: bold; text-align: left">Loss From Operations</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(10,175</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">(282,326</td><td style="font-weight: bold; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--DisposalGroupIncludingDiscontinuedOperationInterestExpense_zPZzSvuMiQWc" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 1.5pt">Bank Charges</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">3</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--DisposalGroupIncludingDiscontinuedOperationOtherExpense_zTO9nxLsem9c" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Total Other Expense</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">3</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--IncomeLossFromDiscontinuedOperationsNetOfTaxAttributableToReportingEntity_zda9TVb6n6Oe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font-weight: bold; text-align: left">Loss from Discontinued Operations</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td style="font-weight: bold; text-align: right">(10,175</td><td style="font-weight: bold; text-align: left">)</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td><td style="font-weight: bold; text-align: right">(282,329</td><td style="font-weight: bold; text-align: left">)</td></tr> </table> The cash flows attributable to the discontinued operations are as follows: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="text-align: justify"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_491_20230101__20230113__us-gaap--DisposalGroupClassificationAxis__us-gaap--DiscontinuedOperationsDisposedOfBySaleMember_znNKqyGOhIIi" style="border-bottom: Black 1.5pt solid; text-align: center">Period Ended January 13, 2023</td><td style="padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td colspan="2" id="xdx_49B_20220101__20220630__us-gaap--DisposalGroupClassificationAxis__us-gaap--DiscontinuedOperationsDisposedOfBySaleMember_zMSOLIUI25z5" style="border-bottom: Black 1.5pt solid; text-align: center">Six Months Ended June 30, 2022</td><td style="padding-bottom: 1.5pt"> </td></tr> <tr id="xdx_404_eus-gaap--NetCashProvidedByUsedInDiscontinuedOperationsAbstract_iB_zZ8y0Oe9KODc" style="vertical-align: bottom"> <td style="text-align: justify">Cash Flows Attributable to Discontinued Operations</td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td><td> </td> <td colspan="2" style="text-align: center"> </td><td> </td></tr> <tr id="xdx_40E_eus-gaap--CashProvidedByUsedInOperatingActivitiesDiscontinuedOperations_zwgT6HjonPV8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 60%; text-align: justify">Operating</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">10,175</td><td style="width: 1%; text-align: left"> </td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 16%; text-align: right">257,407</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--CashProvidedByUsedInInvestingActivitiesDiscontinuedOperations_zHKVflsijOKe" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify">Investing</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">-</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,324,978</td><td style="text-align: left">)</td></tr> <tr id="xdx_40C_eus-gaap--CashProvidedByUsedInFinancingActivitiesDiscontinuedOperations_zT08vNFcVuv8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: justify; padding-bottom: 1.5pt">Financing</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">-</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--NetCashProvidedByUsedInDiscontinuedOperations_zvY79hEkc5hl" style="vertical-align: bottom; background-color: White"> <td style="text-align: justify; padding-bottom: 1.5pt">Net Change in Cash</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">10,175</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left">$</td><td style="border-bottom: Black 1.5pt solid; text-align: right">(1,067,571</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> </table>

4908590 21933889 26842479 973257 25869222

1186658

34743

4800

4413

27099836

1112932

81767

636482

31315

383801

31506

221254

29121

313753

91942

918808

-10175

-282326

-10175

-282329

10175

257407

-1324978

10175

-1067571

8. COMMITMENTS AND CONTINGENCIES Leases The Company leases office space in Texas and Maryland. The lease for the Company’s Texas office was terminated on January 31, 2023 while the lease of the Company’s Maryland office expires on December 31, 2024. The monthly rental payments range between $2,335 and $8,143, respectively. Rent expense was $45,592 and $58,435 for the six months ended June 30, 2023 and 2022, respectively. The below table summarizes future payments due under these leases as of June 30, 2023. The balance of the operating lease right-of-use asset and operating lease liability as of June 30, 2023 was $66,893 and $66,414, respectively. The balance of the operating lease right-of-use asset and operating lease liability as of December 31, 2022 was $108,950 and $110,431, respectively. The below table summarizes future payments due under these leases as of June 30, 2023. For the Years Ending June 30: SCHEDULE OF FUTURE PAYMENTS DUE UNDER LEASES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_494_20230630_z6XPyyvg1C3b" style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_iI_maLOLLPzmna_zLqAhYzDPlq8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%; text-align: left; padding-bottom: 1.5pt">2024</td><td style="width: 2%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; width: 16%; text-align: right">71,982</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iTI_mtLOLLPzmna_zsqev5x6VMS3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Total Minimum Lease Payments</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">71,982</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_iNI_di_zDqQhjgHxin9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Less: Effect of Discounting</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(5,568</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr id="xdx_40E_eus-gaap--OperatingLeaseLiability_iI_zRC6Phex7864" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Present Value of Future Minimum Lease Payments</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">66,414</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--OperatingLeaseLiabilityCurrent_iI_z7cKkL6Tnqhb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Less: Current Obligation under Lease</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">66,414</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_zbqfZrRMtKek" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Long-term Lease Obligation</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> Lot Sale Agreements <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif">Ballenger Project</td></tr> </table> On November 23, 2015, SeD Maryland Development LLC completed the $<span id="xdx_90B_eus-gaap--BusinessAcquisitionCostOfAcquiredEntityTransactionCosts_iI_pp0p0_c20151123__us-gaap--BusinessAcquisitionAxis__custom--SedMarylandDevelopmentLlcMember_zYUwqw4TPcGf" title="Business acquisition transaction">15,700,000 acquisition of Ballenger Run, a 197-acre land sub-division development located in Frederick County, Maryland. Previously, on May 28, 2014, the RBG Family, LLC entered into a $<span id="xdx_904_eus-gaap--BusinessAcquisitionCostOfAcquiredEntityTransactionCosts_iI_pp0p0_c20140528__us-gaap--BusinessAcquisitionAxis__custom--RBGFamilyLLCMember_zgsowFe0mZT6" title="Business acquisition transaction">15,000,000 assignable real estate sales contract with NVR, by which RBG Family, LLC would facilitate the sale of the 197 acres of Ballenger Run to NVR. On December 10, 2015, NVR assigned this contract to SeD Maryland Development, LLC through execution of an assignment and assumption agreement and entered into a series of lot purchase agreements by which NVR would purchase <span id="xdx_909_ecustom--NumberOfLots_uInteger_c20151209__20151210__us-gaap--TypeOfArrangementAxis__custom--LotPurchaseAgreementMember__dei--LegalEntityAxis__custom--NVRIncMember_zgnF6KuyNwig" title="Number of lots">443 subdivided residential lots from SeD Maryland Development, LLC. During the six months ended June 30, 2023 and 2022, NVR has purchased 0 and 3 lots, respectively. Certain arrangements for the sale of buildable lots to NVR require the Company to credit NVR with an amount equal to one year of the FFB assessment. Under ASC 606, the credits to NVR are not in exchange for a distinct good or service and accordingly, the amount of the credit was recognized as the reduction of revenue. As of June 30, 2023 and December 31, 2022, the accrued balance due to NVR was $<span id="xdx_901_eus-gaap--OtherLiabilities_iI_pp0p0_c20230630__dei--LegalEntityAxis__custom--NVRIncMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--RelatedPartyMember_zu1PHaDmbvD2" title="Due to related party">189,475 and $<span id="xdx_900_eus-gaap--OtherLiabilities_iI_pp0p0_c20221231__dei--LegalEntityAxis__custom--NVRIncMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--RelatedPartyMember_zu9ut6gSxWX8" title="Due to related party">189,475, respectively. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">●</td> <td style="font: 10pt Times New Roman, Times, Serif">Black Oak Project</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.5in"> </td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in">-</td> <td style="font: 10pt Times New Roman, Times, Serif">Agreement to Sell 189 Lots</td></tr> </table> On March 17, 2023, the Seller entered into a Contract of Sale (the “Contract of Sale”) with Davidson Homes, LLC, an Alabama limited liability company (“Davidson Homes”). Pursuant to the terms of the Contract of Sale, the Seller has agreed to sell approximately 189 single-family detached residential lots comprising an additional section of the Lakes at Black Oak. The price of the lots and certain community enhancement fees the Seller will be entitled to receive are anticipated to equal an aggregate of $10,022,500. The closing of the transactions described in the Contract of Sale depends on the satisfaction of certain conditions set forth therein. There can be no assurance that such closings will be completed on the terms outlined herein or at all. Davidson Homes has agreed to purchase the lots in stages, comprising an initial closing of 94 lots, the remaining lots to be purchased on or before December 29, 2023. Commencing on March 17, 2023, Davidson Homes had a thirty (30) day inspection period in which to inspect the properties and determine their suitability; during such inspection period, Davidson Homes was entitled to decline to proceed with the closing of these transactions. Davidson Homes did not exercise its right to decline, and pursuant to the Contract of Sale, has made an additional deposit in escrow. Through the date hereof, Davidson Homes has deposited $1,425,000 in escrow. On May 30, 2023 the sale of 94 lots closed and the Company received approximately $5 million. The Seller shall be required to complete certain improvements at the property at the Seller’s cost prior to the closing of the remaining lots. Security Deposits Our rental-home lease agreements require tenants to provide a one-month security deposits. The property management company collects all security deposits and maintains them in a trust account. The Company also has obligation to refund these deposits to the renters at the time of lease termination. As of December 31, 2022, the security deposits held in the trust account were $271,480, respectively.

2024-12-31

2335

8143

45592

58435

66893

66414

108950

110431

The below table summarizes future payments due under these leases as of June 30, 2023. For the Years Ending June 30: SCHEDULE OF FUTURE PAYMENTS DUE UNDER LEASES <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td id="xdx_494_20230630_z6XPyyvg1C3b" style="border-bottom: Black 1.5pt solid; text-align: right"> </td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths_iI_maLOLLPzmna_zLqAhYzDPlq8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 80%; text-align: left; padding-bottom: 1.5pt">2024</td><td style="width: 2%; padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; width: 1%; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; width: 16%; text-align: right">71,982</td><td style="width: 1%; padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iTI_mtLOLLPzmna_zsqev5x6VMS3" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Total Minimum Lease Payments</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">71,982</td><td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_iNI_di_zDqQhjgHxin9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Less: Effect of Discounting</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(5,568</td><td style="padding-bottom: 1.5pt; text-align: left">)</td></tr> <tr id="xdx_40E_eus-gaap--OperatingLeaseLiability_iI_zRC6Phex7864" style="vertical-align: bottom; background-color: White"> <td style="text-align: left">Present Value of Future Minimum Lease Payments</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">66,414</td><td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--OperatingLeaseLiabilityCurrent_iI_z7cKkL6Tnqhb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="text-align: left; padding-bottom: 1.5pt">Less: Current Obligation under Lease</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">66,414</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_zbqfZrRMtKek" style="vertical-align: bottom; background-color: White"> <td style="text-align: left; padding-bottom: 2.5pt">Long-term Lease Obligation</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">-</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table>

71982

5568

66414

15700000

197

15000000

197

443 0 3

189475

10022500

1425000

5000000

271480

9. SUBSEQUENT EVENTS The Company evaluated subsequent events and transactions that occurred after the balance sheet date through the filing date of our Form 10-Q for the three and six months ended June 30, 2023. Based upon this review, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statements.