DISCONTINUED OPERATIONS

9 Months Ended

Sep. 30, 2024

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]

2. DISCONTINUED OPERATIONS

During the fourth quarter of fiscal 2023, in connection with an analysis of the Company’s sales mix and profitability by service offering, management made the strategic decision to focus on the Company’s B2B service offering and to allocate fewer resources to and in some cases to sell certain of the Company’s subsidiaries involved in its D2C service offerings. Pursuant to this strategy, on December 29, 2023, the Company completed the sales of its Grow and Oasis subsidiaries, and on February 26, 2024, the Company completed the sale of its Haley subsidiary (see Note 3). In addition, the operations of P Innovations have been abandoned.

The following information presents the major classes of line item of assets and liabilities included as part of discontinued operations in the consolidated balance sheets:

	September 30,		December 31,
	2024		2023
Current assets - discontinued operations:	(unaudited)
Cash	$	-	$	95,319
Accounts receivable		-		501
Inventory		-		41
Other current assets		-		-
Total current assets - discontinued operations	$	-	$	95,861
Current liabilities - discontinued operations:
Accounts payable and accrued liabilities	$	-	$	986
Accrued payroll and related liabilities		-		3,267
Deferred revenue		-		2,169
Total current liabilities - discontinued operations	$	-	$	6,422

The following information presents the major classes of line items constituting the after-tax loss from discontinued operations in the consolidated statements of operations:

	Three Months Ended					Nine Months Ended
	September 30,		September 30,			September 30,			September 30,
	2024		2023			2024			2023
	(unaudited)		(unaudited)			(unaudited)			(unaudited)
Revenue	$	1,847	$	341,802		$	24,791		$	974,473
Cost of goods sold		-		(4,780	)		(2,238	)		(19,133	)
Gross margin		1,847		337,022			22,553			955,340
Selling, general, and administrative expenses		-		(326,119	)		(31,177	)		(1,056,340	)
Interest income		-		286			-			849
Income (Loss) from discontinued operations, net of tax	$	1,847	$	11,189		$	(8,624	)	$	(100,151	)

There were no major classes of line items which constituted significant operating and investing cash flow activities in the consolidated statements of cash flows relating to discontinued operations.