XML 65 R50.htm IDEA: XBRL DOCUMENT v3.25.1
Discontinued Operations (Tables)
 12 Months Ended
Dec. 31, 2024
Discontinued Operations [Abstract]  
Schedule of Loss from Discontinued Operations

Loss from discontinued operations for fiscal years 2024 and 2023 was as follows: 

 

   December 31,   December 31, 
   2024   2023 
Revenue  $
-
   $13,168,348 
Cost – third party   
-
    8,423,457 
Cost – related party   
-
    978,801 
Gross profit   
-
    3,766,090 
           
OPERATING EXPENSES:          
General and administrative   
-
    4,211,836 
Research and Development expenses   
-
    2,577 
Selling expenses   
-
    310,737 
Bad debt provision   
-
    70,955 
Total   
-
    4,596,105 
           
OTHER INCOME (EXPENSE)          
Interest income   
-
    30,655 
Interest expense   
-
    
 
 
Other expense   
-
    (780,899)
Total   
-
    (750,244)
Loss from discontinued operations before income tax   
-
    (1,580,259)
Income tax provision   
-
    5,281 
Loss from discontinued operation before noncontrolling interest  $
-
    (1,574,978)
Gain on disposal of discontinued operations   1,054,155    386,482 
Less: Net loss attributable to non-controlling interests   (190,840)   (108,046)
LOSS FROM DISCONTINUED OPERATION  $1,244,995   $(1,080,450)
Schedule of Assets and Liabilities Related to Discontinued Operations

The major components of assets and liabilities related to discontinued operations are summarized below:

 

   December 31,
2024		   December 31,
2023		 
Cash and cash equivalents  $
                -
   $1,619,413 
Accounts receivable   
-
    1,296,065 
Other receivables   
-
    2,459,259 
Advances to suppliers and other current assets   
-
    399,827 
Property, plant and equipment, net   
-
    1,767,037 
Right of use assets - operation lease   
-
    834,076 
Total assets related to discontinued operations  $
-
   $8,375,677 
           
Accounts payable  $
-
   $18,346 
Accrued expenses and other payables   
-
    881,886 
Advances from customers   
-
    2,604 
Amount Due to Related Party   
-
    401,516 
Lease liability - operation lease   
-
    145,468 
Lease liability - operation lease non-current   
-
    690,819 
Total liabilities related to discontinued operations  $
-
   $2,140,639