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Discontinued Operations
9 Months Ended
Sep. 30, 2023
Discontinued Operations [Abstract]  
DISCONTINUED OPERATIONS
6 DISCONTINUED OPERATIONS

 

Effective May 12, 2023, the Company disposed of its investment in Beyond Fintech pursuant to the May 2023 Frictionless Agreement, as disclosed in note 4 above.

 

The following assets and liabilities are reported as discontinued operations:

 

   December 31, 
   2022 
Current assets    
Cash  $943 
Non-current assets     
Intangibles, net   291,320 
Investment   500,000 
Security deposit   15,000 
Assets held for sale  $807,263 
      
Current liabilities     
Accounts payable  $33,810 
Liabilities held for sale  $33,810 

 

The statement of operations from discontinued operations is as follows:

 

   Three months
ended
   Three months
ended
   Six months
ended
   Nine months
ended
 
   September 30,   September 30,   September 30,   September 30, 
   2023   2022   2023   2022 
                 
Net Revenue  $
        -
   $
-
   $
-
   $
-
 
                     
Cost of Goods Sold   
-
    
-
    
-
    
-
 
                     
Gross loss   
-
    
-
    
-
    
-
 
                     
General and administrative   
-
    15,618    40,821    59,962 
Depreciation and amortization   
-
    
-
    
-
    
-
 
Total Expense   
-
    15,618    40,821    59,962 
                     
Loss from operations before income taxes   
-
    (15,618)   (40,821)   (59,962)
                     
Income Taxes   
-
    
-
    
-
    
-
 
Loss from discontinued operations, net of taxation  $
-
   $(15,618)  $(40,821)  $(59,962)