DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2023

Discontinued Operations and Disposal Groups [Abstract]

SCHEDULE OF COMPONENTS OF DISPOSITION

The H&J Settlement was accounted for a business disposition in accordance with ASC 810-40-40-3A. As of June 21, 2023, the Company no longer consolidated the assets, liabilities, revenues and expenses of H&J. The components of the disposition are as follows:

Cash payment due to H&J Seller	$	(229,000	)
Common shares issued to H&J Seller*		(1,357,043	)
Total fair value of consideration received (given)	$	(1,586,043	)

Carrying amount of assets and liabilities
Cash and cash equivalents		18,192
Accounts receivable, net		55,782
Prepaid expenses and other current assets		25,115
Goodwill		1,130,311
Intangible assets, net		1,246,915
Deposits		4,416
Accounts payable		(40,028	)
Accrued expenses and other liabilities		(734,068	)
Deferred revenue		(18,347	)
Due to related parties		(1,008	)
Contingent consideration		(1,400,000	)
Loan payable		(219,894	)
Note payable - related party		(129,489	)
Total carrying amount of assets and liabilities		(62,103	)
Loss on disposition of business	$	(1,523,940	)

* Represents the fair value of 1,952,580 shares of common stock issued to D. Jones.

	Year Ended December 31,
	2023			2022
Net revenues	$	1,405,482		$	3,637,620
Cost of net revenues		565,621			1,241,594
Gross profit		839,861			2,396,026
Operating expenses:
General and administrative		520,582			1,731,299
Sales and marketing		346,167			931,650
Total operating expenses		866,749			2,662,949
Loss from operations		(26,889	)		(266,922	)
Other income (expense):
Interest expense		(11,675	)		(52,927	)
Loss on disposition of business		(1,523,940	)		—
Total other income (expense), net		(1,535,615	)		(52,927	)
Income tax benefit (provision)		—			—
Net loss from discontinued operations	$	(1,562,503	)	$	(319,849	)
Weighted average common shares outstanding - basic and diluted		424,402			771,297
Net income (loss) from discontinued operations per common share - basic and diluted	$	(3.68	)	$	(0.41	)