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INVESTMENTS (Tables) | 6 Months Ended
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Jun. 30, 2024
ENP Peru Investments LLC [Member] |
SCHEDULE OF FAIR VALUES OF THE ASSETS ACQUIRED AND LIABILITIES ASSUMED | SCHEDULE OF FAIR VALUES OF THE ASSETS ACQUIRED AND LIABILITIES ASSUMED
Purchase consideration |  | $ | 506,659 |
Assets acquired: |  |  |  |
Cash |  |  | 7,330 |
Building |  |  | 3,750,000 |
Land |  |  | 150,000 |
Liabilities assumed: |  |  |  |
Deferred tax liability |  |  | (174,582 | )
Long term debt |  |  | (2,849,500 | )
Total identifiable net assets: |  |  | 883,248 |
Excess of assets acquired over consideration |  |  | 376,589 |
Less investment eliminated upon consolidation |  |  | (41,538 | )
Gain on acquisition of ENP Peru |  | $ | 335,051 |
SCHEDULE OF EQUITY METHOD INVESTMENT | A summary of the Company’s investment follows: SCHEDULE OF EQUITY METHOD INVESTMENT
Balance, December 31, 2022 |  |  | 22,642 |
Return of equity |  |  | (8,750 | )
Gain in equity method investment |  |  | 27,646 |
Investment eliminated upon consolidation |  |  | (41,538 | )
Balance, December 31, 2023 and June 30, 2024 |  | $ | - |
Florida Based LLC [Member] |
SCHEDULE OF EQUITY METHOD INVESTMENT | SCHEDULE OF EQUITY METHOD INVESTMENT
Balance, December 31, 2022 |  | $ | 3,758,895 |
Gain in equity method investment |  |  | 505,065 |
Return of equity |  |  | (200,000 | )
Balance, December 31, 2023 |  |  | 4,063,960 |
Gain in equity method investment |  |  | 297,664 |
Return of equity |  |  | (427,000 | )
Balance, June 30, 2024 |  | $ | 3,934,624 |
SUMMARY OF PROFIT AND LOSS INFORMATION RELATED TO EQUITY ACCOUNTED INVESTMENT | Summarized profit and loss information related to the equity accounted investment is as follows: SUMMARY OF PROFIT AND LOSS INFORMATION RELATED TO EQUITY ACCOUNTED INVESTMENT
|  | Six months ended June 30, 2024 |  |  | Six months ended June 30, 2023 |
Net sales |  | $ | 7,159,499 |  |  | $ | 8,231,298 |
Gross profit |  |  | 2,044,578 |  |  |  | 2,435,858 |
Net income |  | $ | 595,329 |  |  | $ | 653,407 |

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- Definition Tabular disclosure of a material business combination completed during the period, including background, timing, and recognized assets and liabilities. This table does not include leveraged buyouts. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-3 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 805 -SubTopic 10 -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147479328/805-10-50-2 + Details
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