Discontinued Operations

6 Months Ended

Jun. 30, 2023

Discontinued Operations

Discontinued operations

Note 2 – Discontinued Operations

Crypto mining

On April 1, 2022, the Company implemented a plan to divest its crypto mining operations to focus its resources on the MFB acquisition (see Note 4). The Company recognized a loss of $2,030 from the disposition of its crypto mining operations, which consisted of the relinquishment of the digital currency assets in exchange for settlement of the related party note payable associated with the acquisition of the equipment.

The following is a summary of discontinued operations for the period ended April 1, 2022:

	April 1,
	2022
Revenue	$	46,976
Cost of revenue		27,835
Gross Profit		19,141
Operating expenses:
Impairment loss		6,125
Total operating expenses		6,125
Income from discontinued operations	$	13,016