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Discontinued Operations (Tables)
12 Months Ended
Dec. 31, 2023
Discontinued Operations  
Summary of discontinued operations

 

 

April 1,

 

 

 

2022

 

Revenue

 

$46,976

 

 

 

 

 

 

Operating expenses:

 

 

 

 

Cost of revenue 

 

 

27,835

 

Impairment loss

 

 

6,125

 

Total operating expenses

 

 

33,960

 

 

 

 

 

 

Income from discontinued operations

 

$13,016

 

Summary of assets and liabilities of crypto mining operations, discontinued operations

 

 

April 1,

 

 

 

2022

 

Digital currency

 

$

26,825

 

Digital currency equipment, net

 

 

276,380

 

Total assets from discontinued operations

 

$303,205

 

 

 

 

 

 

Due to related party

 

 

301,175

 

Total liabilities from discontinued operations

 

$301,175

 

Summary of discontinued cash flows

 

 

April 1,

 

 

 

2022

 

Cash Flows from Operating Activities:

 

 

 

Net income

 

$13,016

Adjustments to reconcile net loss to net cash used in operating activities:

 

 

 

 

Impairment loss on digital assets

 

6,125

Depreciation and amortization

 

15,059

Changes in operating assets and liabilities:

 

 

 

 

Digital currency

 

(46,976)

Accounts payable and accrued liabilities

 

(27)

Related party advances funding operating expense

 

12,803

Net Cash provided by Operating Activities

 

-

 

 

 

 

 

Change in cash

 

-

Cash, beginning of period

 

-

Cash, end of period

 

$-

 

 

 

 

 

Non-Cash Financing Disclosure:

 

 

 

 

Repayments of related party loans using digital currency

 

$47,350