XML 102 R19.htm IDEA: XBRL DOCUMENT v3.25.2
DISCONTINUED OPERATIONS
6 Months Ended
Jun. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
DISCONTINUED OPERATIONS

 

11. DISCONTINUED OPERATIONS

 

Net liabilities from discontinued operations on the condensed consolidated balance sheets as of June 30, 2025 and December 31, 2024 include residual liabilities related to the sale of Platinum Tax which was sold in November 2023. The $111,312 loss from discontinued operations presented in the condensed consolidated statement of operations for the six months ended June 30, 2024 is a part of the execution of a settlement reached in July 2022 with six previous owners of Red Rock, an entity that was discontinued by the Company in May 2019. As a result, 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.

          
Net liabilities of discontinued operations  June 30, 2025   December 31, 2024 
Accounts payable and accrued expenses  $238,285   $238,285 
Net liabilities of discontinued operations  $(238,285)  $(238,285)

 

           
   Six Months Ended June 30, 
Gain (Loss) from discontinued operations  2025   2024 
Loss on settlement  $   $(111,312)
Loss from discontinued operations  $   $(111,312)