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Discontinued Operations
12 Months Ended
Dec. 31, 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:

 

   Year ended December 31, 
   2023   2022 
         
Net Revenue  $
-
   $
-
 
           
Cost of Goods Sold   
-
    
-
 
           
Gross loss   
-
    
-
 
           
General and administrative   40,821    88,300 
Depreciation and amortization   
-
    
-
 
Total Expense   40,821    88,300 
           
Loss from operations before income taxes   (40,821)   (88,300)
           
Income Taxes   
-
    
-
 
Loss from discontinued operations, net of taxation  $(40,821)  $(88,300)