DISCONTINUED OPERATIONS

12 Months Ended

Dec. 31, 2024

Discontinued Operations and Disposal Groups [Abstract]

DISCONTINUED OPERATIONS

11. DISCONTINUED OPERATIONS

On November 10, 2023, the Company sold Platinum Tax, which was a full-service tax resolution firm located in Los Angeles, California. Through this subsidiary the Company provided fee-based tax resolution services to individuals and companies that have federal and state tax liabilities by assisting clients to settle outstanding tax debts. As part of the Asset Purchase Agreement between the Company and the purchaser, the assets that were purchased included substantially all assets, rights, interests, and licenses except for banks accounts in place prior to the sale for the purchase consideration of 15% of cash collected by the purchaser within one year following the sale date.

In February 2024, as part of the Red Rock settlement executed in July 2022, the Company issued an aggregate of 37,104 shares of common stock to six previous owners. The Company recognized the fair value for the issuance of 37,104 shares at $3 per share on the closing market price of February 4 through February 6, 2024, and recorded share loss from discontinued operations of $111,312 in the consolidated statement of operations. This loss was also reflected as an addback to net income in the consolidated statement of cash flows.

	December 31,
Net liabilities of discontinued operations	2024			2023
Cash	$	–		$	342
Accounts receivable		–			300
Accounts payable and accrued expenses		238,285			238,285
Net liabilities of discontinued operations	$	(238,285	)	$	(237,643	)

	Year Ended December 31,
Gain (Loss) from discontinued operations	2024			2023
Revenue	$	–		$	307,366
Cost of sales		–			(59,453	)
Selling, general and administrative expenses		–			(332,005	)
Interest expense		–			(2,428	)
Loss on settlement		(111,312	)		–
Loss from discontinued operations	$	(111,312	)	$	(86,520	)