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Discontinued Operations (Tables)
 12 Months Ended
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.