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Discontinued Operations And Disposals | 3 Months Ended
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Mar. 31, 2026
Discontinued Operations And Disposals [Abstract] |
DISCONTINUED OPERATIONS AND DISPOSALS | NOTE 5 – DISCONTINUED OPERATIONS AND DISPOSALS On February 18, 2026, the Company and Wenzhao Lu, the Company’s chairman of the Board of Directors, entered into an Amended and Restated Membership Interest Purchase Agreement (the “Amended MIPA”), pursuant to which the Company sold to Mr. Lu 100% of the membership interests of Avalon RT 9 for $9,000,000. The subsidiary comprises our real property operations segment. As a result of the planned disposition of the subsidiary, the real property operations segment met the criteria under ASC 205-20 to be classified as discontinued operations. Accordingly, the historical results of operations of the real property operations segment have been reflected as discontinued operations in our condensed consolidated financial statement for all periods prior to the Amended MIPA on February 18, 2026. Details of the net loss from discontinued operations were as follows for the three months ended March 31:
|  | 2026 |  |  | 2025 |
REAL PROPERTY RENTAL REVENUE |  | $ | 253,839 |  |  | $ | 349,800 |
REAL PROPERTY OPERATING EXPENSES |  |  | (153,903 | ) |  |  | (280,390 | )
REAL PROPERTY OPERATING INCOME |  |  | 99,936 |  |  |  | 69,410 |
OTHER OPERATING EXPENSES: |  |  |  |  |  |  |  |
Professional fees |  |  | 45,617 |  |  |  | 59,364 |
Compensation and related benefits |  |  | 20,932 |  |  |  | 31,398 |
Total Other Operating Expenses |  |  | 66,549 |  |  |  | 90,762 |
INCOME (LOSS) FROM OPERATIONS |  |  | 33,387 |  |  |  | (21,352 | )
OTHER (EXPENSE) INCOME |  |  |  |  |  |  |  |
Interest expense - amortization of debt discount and debt issuance costs |  |  | - |  |  |  | (29,807 | )
Interest expense - other |  |  | (136,402 | ) |  |  | (164,500 | )
Other income |  |  | - |  |  |  | 228 |
Total Other Expense, net |  |  | (136,402 | ) |  |  | (194,079 | )
LOSS BEFORE INCOME TAXES |  |  | (103,015 | ) |  |  | (215,431 | )
INCOME TAXES |  |  | - |  |  |  | - |
NET LOSS |  | $ | (103,015 | ) |  | $ | (215,431 | )
The following table summarizes the assets and liabilities of the discontinued operations:
|  | March 31, 2026 |  |  | December 31, 2025 |
ASSETS |  |  |  |  |  |
CURRENT ASSETS |  |  |  |  |  |
Cash |  | $ | - |  |  | $ | 258,999 |
Rent receivable |  |  | - |  |  |  | 84,898 |
Prepaid expense and other current assets |  |  | - |  |  |  | 12,719 |
Total Current Assets |  |  | - |  |  |  | 356,616 |
NON-CURRENT ASSETS: |  |  |  |  |  |  |  |
Property and equipment, net |  |  | - |  |  |  | 3,478 |
Investment in real estate, net |  |  | - |  |  |  | 6,925,768 |
Deferred leasing costs and other non-current assets |  |  | - |  |  |  | 8,523 |
Total Non-current Assets |  |  | - |  |  |  | 6,937,769 |
Total Assets |  | $ | - |  |  | $ | 7,294,385 |
LIABILITIES |  |  |  |  |  |  |  |
CURRENT LIABILITIES: |  |  |  |  |  |  |  |
Accrued liabilities and other payables |  | $ | - |  |  | $ | 261,077 |
Note payable, net |  |  | - |  |  |  | 5,800,000 |
Total Current Liabilities |  |  | - |  |  |  | 6,061,077 |
NON-CURRENT LIABILITIES: |  |  |  |  |  |  |  |
Deferred rental income |  |  | - |  |  |  | 23,515 |
Total Non-current Liabilities |  |  | - |  |  |  | 23,515 |
Total Liabilities |  | $ | - |  |  | $ | 6,084,592 |
The above tables exclude intercompany payables that are eliminated within our condensed consolidated balance sheets.

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- Definition The entire disclosure related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-3A Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-4B Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-4A Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205-20/tableOfContent + Details
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