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Discontinued Operations (Tables) | 12 Months Ended
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Dec. 31, 2024
Discontinued Operations [Member] |
Schedule of Rhove Assets and Liabilities | The table below represents the final purchase price allocation to total assets acquired and liabilities assumed and the associated estimated useful lives as of the acquisition date.
|  | Initial Amounts Recognized as of the acquisition date |  |  | Measurement Period Adjustment |  |  | Final Purchase Price Allocation |
Cash & Cash Equivalents |  | $ | 50,786 |  |  | $ | - |  |  | $ | 50,786 |
Accounts Receivable |  |  | 15,745 |  |  |  | (15,745 | ) |  |  | - |
Other Current Assets |  |  | 2,050 |  |  |  | - |  |  |  | 2,050 |
Net Property Plant & Equipment |  |  | 76,350 |  |  |  | - |  |  |  | 76,350 |
Goodwill(1) |  |  | 549,494 |  |  |  | (459,517 | ) |  |  | 89,977 |
Intangible assets |  |  | - |  |  |  | 26,000 |  |  |  | 26,000 |
Accounts Payable |  |  | (46,506 | ) |  |  | 46,506 |  |  |  | - |
Accrued Expenses |  |  | (36,480 | ) |  |  | - |  |  |  | (36,480 | )
Dividend Payable |  |  | (31,381 | ) |  |  | - |  |  |  | (31,381 | )
Long Term Loans |  |  | (54,662 | ) |  |  | - |  |  |  | (54,662 | )
Net assets acquired |  | $ | 525,396 |  |  | $ | (402,756 | ) |  | $ | 122,640 |
(1) | During the measurement period, the Company recorded a measurement period adjustment to the preliminary purchase price allocation (“PPA”). This adjustment reduced goodwill due to eliminating intercompany transactions affecting the PPA and removed previously recognized contingent consideration, which was recorded as compensation expense under ASC 805.
The table below represents the final purchase price allocation to total assets acquired and liabilities assumed and the associated estimated useful lives as of the acquisition date.
|  | Final Purchase Price Allocation |
Cash & cash equivalents |  | $ | 1,911 |
Accounts receivable |  |  | 42,536 |
Other current assets |  |  | 7,895 |
Net property plant & equipment |  |  | 3,715 |
Goodwill |  |  | 1,708,915 |
Intangible assets |  |  | 1,135,000 |
Accounts payable |  |  | (160,815 | )
Accrued expenses |  |  | (231,197 | )
Other current liabilities |  |  | (65,675 | )
Debt assumed |  |  | (1,238,785 | )
Net assets acquired |  | $ | 1,203,500 |
The table below represents the final purchase price allocation to total assets acquired and liabilities assumed and the associated estimated useful lives as of the acquisition date.
|  | Initial Amounts Recognized as of the acquisition date |  |  | Measurement Period Adjustment |  |  | Final Purchase Price Allocation |
Cash & cash equivalents |  | $ | 442,439 |  |  | $ | - |  |  | $ | 442,439 |
Accounts receivable |  |  | 92,822 |  |  |  |  |  |  |  | 92,822 |
Goodwill(1) |  |  | 2,248,782 |  |  |  | 138,438 |  |  |  | 2,387,220 |
Intangible assets |  |  | 1,434,000 |  |  |  |  |  |  |  | 1,434,000 |
Accounts payable |  |  | (3,794 | ) |  |  |  |  |  |  | (3,794 | )
Other current liabilities |  |  | (251,249 | ) |  |  |  |  |  |  | (251,249 | )
Net assets acquired |  | $ | 3,963,000 |  |  | $ | 138,438 |  |  | $ | 4,101,438 |
(1) | During the measurement period, adjustments were made to the recorded value of goodwill based on the newly available information regarding the fair values of the acquired assets and liabilities.
Schedule of Discontinued Operations | The following table provides detail of the discontinued operations as of December 31, 2024 and 2023:
Rhove Related Assets |  | December 31, 2024 (transferred to reAlpha) |  |  | December 31, 2023 |
Current Assets |  |  |  |  |  |
Cash |  | $ | 3,456 |  |  | $ | - |
Other current Assets |  |  | 53,474 |  |  |  | 88,036 |
|  | $ | 56,930 |  |  | $ | 88,036 |
Long term Assets |  |  |  |  |  |  |  |
Intangibles, net |  |  | - |  |  |  | 997,962 |
Goodwill |  |  |  |  |  |  | 17,337,739 |
|  | $ | - |  |  | $ | 18,335,701 |
Current Liabilities |  |  |  |  |  |  |  |
Accounts payable and other accrued liabilities |  |  |  |  |  |  | 30,175 |
Other current liabilities |  |  |  |  |  |  | 17,490 |
Total liabilities - Rhove |  | $ | - |  |  | $ | 47,665 |
Schedule of Discontinued Operations | The following table represents the statement of operations for discontinued operations as of each reporting period:
|  | For the Year Ended |  |  | For the Eight Months Ended |  |  | For the Year Ended |
|  | December 31, 2024 |  |  | December 31, 2023 |  |  | April 30, 2023 |
Revenues |  | $ | - |  |  | $ | - |  |  | $ | - |
Cost of revenues |  |  | - |  |  |  | - |  |  |  | - |
Gross profit |  |  | - |  |  |  | - |  |  |  | - |
Discontinued operating expenses |  |  |  |  |  |  |  |  |  |  |  |
Depreciation & amortization |  |  | 257,722 |  |  |  | 259,038 |  |  |  | - |
Professional & legal fees |  |  | - |  |  |  | 47,454 |  |  |  | 13,583 |
Other operating expense (income) |  |  | 3,520 |  |  |  | (605 | ) |  |  | 310 |
Total operating expenses |  |  | 261,242 |  |  |  | 305,887 |  |  |  | 13,893 |
Discontinued Operating Loss |  |  | (261,242 | ) |  |  | (305,887 | ) |  |  | (13,893 | )
Discontinued other expense (income) |  |  |  |  |  |  |  |  |  |  |  |
Impairment of intangible assets |  |  | 740,240 |  |  |  | - |  |  |  | - |
Goodwill impairment |  |  | 17,337,739 |  |  |  | - |  |  |  | - |
Other expense (income) |  |  | 414 |  |  |  | (3,758 | ) |  |  | 883 |
Total other (expense) income |  |  | 18,078,393 |  |  |  | (3,758 | ) |  |  | 883 |
Net loss from discontinued operations before income taxes |  |  | (18,339,635 | ) |  |  | (302,129 | ) |  |  | (14,776 | )
Rhove [Member] |
Discontinued Operations [Member] |
Schedule of Rhove Assets and Liabilities | The following table rolls forward Rhove assets and liabilities from their carrying values prior to classification as discontinued operations to their values after such classification, and presents the impact of reclassifications, impairments, and write-offs:
Rhove Related Assets |  | Carrying Value Prior To Abandonment |  |  | Asset and Liability Transfers Retained by reAlpha |  |  | Asset Impairments and Liability Write-Offs |  |  | Carrying Value as of 12/31/2024 |
Cash |  | $ | 3,456 |  |  | $ | (3,456 | ) |  | $ | - |  |  | $ | - |
Other Current Assets(1) |  |  | 88,036 |  |  |  | (53,474 | ) |  |  | (34,562 | ) |  |  | - |
Intangibles, net |  |  | 740,240 |  |  |  | - |  |  |  | (740,240 | ) |  |  | - |
Goodwill |  |  | 17,337,739 |  |  |  | - |  |  |  | (17,337,739 | ) |  |  | - |
Total assets - Rhove |  | $ | 18,169,471 |  |  | $ | (56,930 | ) |  | $ | (18,112,541 | ) |  | $ | - |
Accounts Payable and Other Accrued Liabilities |  | $ | 24,147 |  |  | $ | - |  |  | $ | (24,147 | ) |  | $ | - |
Other Current Liabilities |  |  | 10,000 |  |  |  | - |  |  |  | (10,000 | ) |  |  | - |
Total Liabilities - Rhove |  | $ | 34,147 |  |  | $ | - |  |  | $ | (34,147 | ) |  | $ | - |
Net Assets and Liabilities - Rhove |  | $ | 18,135,324 |  |  | $ | (56,930 | ) |  | $ | (18,078,394 | ) |  | $ | - |
(1) | This relates to tax refunds from the Internal Revenue Service related to the Rhove acquisition.

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