XML 48 R29.htm IDEA: XBRL DOCUMENT v3.24.1
Discontinued Operations
 12 Months Ended
Dec. 31, 2023
Discontinued Operations [Abstract]  
Discontinued Operations

Note 20 – Discontinued Operations

 

The following depicts the result of operations for the discounted operations of Highlight Media and Wuge for the years ended December 31, 2023 and 2022, respectively.

 

  

For the Years Ended
December 31,

 
   2023   2022 
REVENUES        
Enterprise brand management services  $165,993   $153,304 
Wuge digital door signs   
-
    7,616,615 
TOTAL REVENUES   165,993    7,769,919 
           
COST OF REVENUES          
Enterprise brand management services   88,658    97,770 
Wuge digital door signs   
-
    5,527,950 
TOTAL COST OF REVENUES   88,658    5,625,720 
GROSS PROFIT   77,335    2,144,199 
           
OPERATING EXPENSES          
Selling, general and administrative   2,209,894    8,225,301 
Provision for doubtful accounts   
-
    20,085,243 
TOTAL OPERATING EXPENSES   2,209,894    28,310,544 
           
LOSS FROM OPERATIONS   (2,132,559)   (26,166,345)
           
OTHER INCOME (EXPENSE)          
Interest income   49    65,274 
Interest expense   (248)   (1,022)
Other income, net   709    70,831 
Total other income, net   510    135,083 
           
LOSS BEFORE INCOME TAXES   (2,132,049)   (26,031,262)
PROVISION FOR INCOME TAXES   
-
    315,933 
           
NET LOSS   (2,132,049)   (26,347,195)