ACQUISITIONS AND DIVESTITURES (Tables)

3 Months Ended

Mar. 31, 2025

Acquisitions And Divestitures

SCHEDULE OF DISCONTINUED OPERATIONS

The following summarizes the components of the assets and liabilities from discontinued operations to be divested as of March 31, 2025 and December 31, 2024:

	March 31,		December 31,
	2025		2024
ASSETS
Current assets:
Cash and cash equivalents	$	125,431	$	168,323
Accounts receivable, net		771,162		788,317
Inventories		179,923		101,577
Prepaid expenses and other current assets		144,668		105,249
Property and equipment, net		641,271		634,773
Total assets	$	1,862,455	$	1,798,239
LIABILITIES
Current liabilities:
Accounts payable	$	168	$	2,980
Accrued expenses and other current liabilities		24,998		31,775
Income tax payable		11,228		72,976
Deferred tax liabilities		-		-
Total liabilities	$	36,394	$	107,731

The following summarizes the components of net income from discontinued operations for the three months ended March 31, 2025 and 2024:

	Three Months Ended March 31,
	2025		2024
Revenues		1,773,929		1,661,123
Cost of revenues		1,276,685		1,164,371
Gross profit:		497,244		496,752
Operating expenses:
Selling, general and administrative		393,013		334,016
Restructuring and severance		-		-
Operating income		104,231		162,736
Other (expense) income:
Interest (expense)		-		-
Other income		1,322		4,092
Total other income, net		1,322		4,092
Income before income taxes		105,553		166,828
Income tax benefit		-		-
Net income from discontinued operations	$	105,553	$	166,828

The following summarizes the components of cash flows from discontinued operations for the three months ended March 31, 2025 and 2024:

	For the Three Months Ended March 31, 2025			For the Three Months Ended March 31, 2024
Cash flows from operating activities:
Net income	$	105,553		$	166,828
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:
Depreciation and amortization		37,992			49,496
Changes in assets and liabilities:
Accounts receivable		17,155			(260,688	)
Inventories		(78,346	)		26,359
Prepaid expenses and other current assets		(39,419	)		15,475
Accounts payable		(2,812	)		31,029
Accrued expenses and other current liabilities		(6,777	)		726
Income tax payable		(61,748	)		-
Net cash provided by (used in) operating activities		(28,402	)		29,225
Cash flows from investing activities:
Repayments (proceeds) from/to Eightco Holdings, Inc.		30,000			(1,285,000	)
Purchases of property and equipment		(44,490	)		-
Net cash used in investing activities		(14,490	)		(1,285,000	)
Net decrease in cash and cash equivalents		(42,892	)		(1,255,775	)
Cash and cash equivalents, beginning of the period		168,323			1,358,806
Cash and cash equivalents, end of the period	$	125,431		$	103,031