XML 45 R29.htm IDEA: XBRL DOCUMENT v3.25.1
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
SCHEDULE OF ESTIMATED USEFUL LIVES

Furniture and fixtures 3 to 5 years

 

Equipment 5 to 10 years

SCHEDULE OF FAIR VALUE OF ASSETS AND LIABILITIES ACQUIRED

Fair value of non-controlling interests  $650,951 
Fair value of previously held equity investment   556,096 
Subtotal  $1,207,047 
Recognized value of 100% of identifiable net assets   (1,207,047)
Goodwill Recognized  $- 
Recognized amounts of identifiable assets acquired and liabilities assumed (preliminary):     
Inventories  $516,131 
Cash and cash equivalents   50,346 
Trade and other receivables   952,384 
Advanced deposit   672,597 
Net fixed assets   6,704 
Trade and other payables   (1,021,897)
Advanced payments   (5,317)
Salaries and wages payables   (4,692)
Other receivable   40,791 
Total identifiable net assets  $1,207,047 
SCHEDULE OF FINANCIAL DATA

 

   2024   2023 
   For the years ended December 31, 
   2024   2023 
Net Sales          
Manufacturing and Engineering  $9,341   $47,091 
Heat Recovery Solutions   158,141    497,584 
NG Trading   1,207,747    5,719,170 
Waste to Energy   1,064,757    429,999 
Discontinued operations   -    8,419,619 
Total Sales  $2,439,986   $15,113,463 
           
Segment income and reconciliation before tax          
Manufacturing and Engineering   7,806    (16,199)
Heat Recovery Solutions   15,160    157,178 
LNG Trading   (6,195)   (35,378)
Waste to Energy   829,784    355,233
Discontinued operations   -    629,419 
Total Segment income   846,555    1,090,254 
Less: operating expense   (3,959,402)   (3,386,819)
Less: operating expense from discontinued operations   -    (358,843)
Less: other income and expenses   (1,303,472)   (2,583,605)

Less: other income and expenses from discontinued operations

   -    (270,576)
Net (loss) before income tax  $(4,416,319)  $(5,509,589)

 

   December 31, 2024   December 31, 2023 
Total Assets          
Manufacturing and Engineering  $2,464,125   $2,607,917 
Heat Recovery Solutions   2,966,966    3,141,388 
Waste to Energy   1,648,324    486,572  
LNG Trading   2,426,065    3,069,102 
Total Assets  $9,505,480   $9,304,979 
SCHEDULE OF REVENUE BY GEOGRAPHIC AREAS BASED ON SALES LOCATION OF OUR PRODUCTS

The following table represents revenue by geographic area based on the sales location of our products and solutions:

 

   2024   2023 
   For the years ended
December 31,
 
   2024   2023 
United States   1,232,238    905,057 
China include discontinued operation: $8,419,619   1,192,421    14,138,789 
Other international   -    69,617 
Total Sales   2,424,659    6,693,844