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Discontinued Operations

9 Months Ended

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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- References

No definition available.

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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

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