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DISCONTINUED OPERATIONS | 12 Months Ended
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Dec. 31, 2024
Discontinued Operations and Disposal Groups [Abstract] |
DISCONTINUED OPERATIONS | 10. DISCONTINUED OPERATIONS In December 2022, the Company ceased its cryptocurrency mining business and entering into a series of contracts with certain third parties to sell its cryptocurrency mining and related equipment, terminating the leases for both the office facility and the storage rooms for most mining machines, and laying off relevant employees. As a result, the operations of Cryptocurrency mining business are reflected within “discontinued operations” periods presented. The significant items included within discontinued operations are as follows: SCHEDULE OF CRYPOCURRENCY MINING WITHIN DISCONTINUED OPERTAIONS
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | Years Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Revenue - Cryptocurrency mining |  | $ | - |  |  | $ | - |  |  | $ | 4,108,372 |
Cost - Cryptocurrency mining |  |  | - |  |  |  | 488,104 |  |  |  | 3,898,171 |
Administrative expenses |  |  | - |  |  |  | (94,284 | ) |  |  | 1,445,272 |
Impairment losses on cryptocurrencies |  |  | - |  |  |  | - |  |  |  | 1,517,172 |
(Gain) on sales of cryptocurrencies |  |  | - |  |  |  | - |  |  |  | (679,111 | )
Impairment on property, equipment and software |  |  | - |  |  |  | - |  |  |  | 1,468,014 |
Operating (loss) from discontinued operations |  |  | - |  |  |  | (393,820 | ) |  |  | (3,541,146 | )
Subsidy income |  |  | - |  |  |  | - |  |  |  | 9,195 |
Other (loss) |  |  | - |  |  |  | (71,984 | ) |  |  | (2,936,541 | )
Interest income |  |  | - |  |  |  | 13 |  |  |  | 111 |
Interest expense |  |  | - |  |  |  | - |  |  |  | (30,895 | )
(Loss) from discontinued operations before income taxes |  |  | - |  |  |  | (465,791 | ) |  |  | (6,499,276 | )
Income tax expense |  |  | - |  |  |  | - |  |  |  | - |
Net (loss) from discontinued operations |  | $ | - |  |  | $ | (465,791 | ) |  | $ | (6,499,276 | )
As of December 31, 2024 and 2023, no assets and liabilities of discontinued operations were included within the Consolidated Balance Sheets. Schedule of cashflows is illustrated below:
|  | 2024 |  |  | 2023 |  |  | 2022 |
|  | Years Ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Net cash provided by (used in) operating activities |  |  | - |  |  |  | 106,207 |  |  |  | (1,835,015 | )
Net cash provided by investing activities |  |  | - |  |  |  | - |  |  |  | 2,746,758 |
CRYPTOCURRENCIES As of December 31, 2024 and 2023, no cryptocurrencies held by the Company.

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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://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/205-20/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/360/tableOfContent + Details
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