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Discontinued Operations | 9 Months Ended
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Sep. 30, 2023
Discontinued Operations [Abstract] |
Discontinued Operations | Note 18 – Discontinued Operations The following depicts the result of operations for the discounted operations of Highlight Media for the nine months ended September 30, 2023 and Wuge for the nine months ended September 30, 2022, respectively.
|  | For the Nine Months Ended September 30, |
|  | 2023 |  |  | 2022 |
REVENUES |  |  |  |  |  |
Enterprise brand management services |  |  | 165,993 |  |  |  | - |
Wuge digital door signs |  |  | - |  |  |  | 7,616,615 |
TOTAL REVENUES |  |  | 165,993 |  |  |  | 7,616,615 |
COST OF REVENUES |  |  |  |  |  |  |  |
Enterprise brand management services |  |  | 114,247 |  |  |  | - |
Wuge digital door signs |  |  | - |  |  |  | 5,527,950 |
TOTAL COST OF REVENUES |  |  | 114,247 |  |  |  | 5,527,950 |
GROSS PROFIT |  |  | 51,746 |  |  |  | 2,088,665 |
OPERATING EXPENSES |  |  |  |  |  |  |  |
Selling, general and administrative |  |  | 113,552 |  |  |  | 1,605,935 |
TOTAL OPERATING EXPENSES |  |  | 113,552 |  |  |  | 1,605,935 |
(LOSS) INCOME FROM OPERATIONS |  |  | (61,806 | ) |  |  | 482,730 |
OTHER INCOME (EXPENSE) |  |  |  |  |  |  |  |
Interest income |  |  | 49 |  |  |  | 65,251 |
Interest expense |  |  | (248 | ) |  |  | (935 | )
Other income, net |  |  | 709 |  |  |  | 70,830 |
Total other expense, net |  |  | 510 |  |  |  | 135,146 |
(LOSS) INCOME BEFORE INCOME TAXES FROM CONTINUING OPERATIONS |  |  | (61,296 | ) |  |  | 617,876 |
PROVISION FOR INCOME TAXES |  |  | 112 |  |  |  | 314,787 |
(LOSS) INCOME FROM CONTINUING OPERATIONS |  |  | (61,408 | ) |  |  | 303,089 |
Net loss attributable to noncontrolling interest |  |  | - |  |  |  | - |
(LOSS) INCOME FROM CONTINUING OPERATIONS OF GD CULTURE GROUP LIMITED |  |  | (61,408 | ) |  |  | 303,089 |

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//360/tableOfContent + Details
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