DISPOSAL OF SUBSIDIARY (Tables)

9 Months Ended

Sep. 30, 2024

Discontinued Operations and Disposal Groups [Abstract]

SCHEDULE OF DISPOSAL OF ASSETS AND LIABILITIES

The following table summarizes the assets and liabilities disposed of at the disposal date.

Cash and cash equivalents	$	815,819
Accounts receivable		307,127
Accounts receivable – related parties		146,857
Inventories		244,440
Prepaid expense and other current assets		8,115
Property and equipment, net		300,779
Intangible assets, net		2,249,706
Other assets		84,763
Accounts payable		(191,343	)
Current portion of long-term loans		(28,418	)
Income tax payable		(99,266	)
Accrued liabilities and other current liabilities		(175,012	)
Long-term loans		(260,978	)
Deferred tax liabilities		(776,249	)
Net assets of the subsidiary		2,626,340
Non-controlling interest of the subsidiary		(1,221,795	)
Net assets of the subsidiary attributable to the Company		1,404,545
Reclassification of accumulated translation adjustment into gain on disposal		347,784
Fair value of consideration received – Waqoo’s common stock		5,565,938
Gain on disposal of subsidiary	$	3,813,609