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Discontinued Operations
9 Months Ended
Sep. 30, 2025
Discontinued Operations [Abstract]  
DISCONTINUED OPERATIONS

NOTE 18 – DISCONTINUED OPERATIONS

 

On June 21, 2024, the Company’s board of directors passed a resolution to approve the termination of all operations in the PRC. In July 2024, the Company proceeded to dissolve its subsidiary “WeTrade Technology (Shanghai) Co., Ltd.”, in the PRC. Net income from discontinued operations for the year ended December 31, 2024 is nil.

 

The transaction qualified as a discontinued operation under ASC 205-20. The Company retrospectively adjusted the above comparative consolidated financial statements in the prior year.

 

The following table provides information for loss on disposal of discontinued operation for the nine months ended September 30, 2024. These amounts reflect the closing balance sheet of the discontinued operation upon the closing of the sale in July 2024.

 

   July 18,
2024
 
Total consideration, net of transaction costs  $
 
Total net assets value of discontinued business   (6,296)
Disposal of discontinued operation  $6,296