| Schedule of Discontinued Operations |
The
discontinued operations had no operations for the six months ended June 30, 2024. Assets and liabilities of the discontinued operations
as of March 19, 2024 and the loss on sale of discontinued operations recognized during the six months ended June 30, 2024 are as follows:
| | |
As
of
March 19, | |
| | |
2024 | |
| Cash and cash equivalents | |
$ | 20 | |
| Other current assets | |
| 4,546 | |
| Total
assets of discontinued operations | |
| 4,566 | |
| | |
| | |
| Accrued expenses and other current liabilities | |
| 294 | |
| Amounts due to related
parties | |
| 1,256 | |
| Total
liabilities of discontinued operations | |
$ | 1,550 | |
| | |
| | |
| Total net assets | |
$ | 3,016 | |
| Total consideration
received | |
| 1,569 | |
| Loss
on sale of discontinued operations | |
$ | 1,447 | |
The
results of discontinued operations for the six months ended June 30, 2025 and 2024 are as follows:
| | |
For the
six months ended
June 30, | | |
For the
six months ended
June 30, | |
| | |
2024 | | |
2025 | |
| | |
(unaudited) | | |
(unaudited) | |
| Revenues | |
$ | 193 | | |
$ | 104 | |
| Less: Cost of revenues | |
| (205 | ) | |
| (201 | ) |
| Gross loss | |
| (12 | ) | |
| (97 | ) |
| Total operating expenses | |
| (2,012 | ) | |
| (1,269 | ) |
| Loss from discontinued operations | |
| (2,024 | ) | |
| (1,366 | ) |
| Total other income,
net | |
| 23,707 | | |
| 1,327 | |
| Income (loss) from discontinued operation before
income taxes | |
| 21,683 | | |
| (39 | ) |
| Income tax expenses
from operations | |
| — | | |
| — | |
| Net
income (loss) from discontinued operations | |
$ | 21,683 | | |
$ | (39 | ) |
Assets
and liabilities of the discontinued operations as of December 31, 2024 and June 30, 2025 are as follows:
| | |
As of
December 31, | | |
As of
June 30, | |
| | |
2024 | | |
2025 | |
| | |
(unaudited) | |
| Cash and cash equivalents | |
$ | 111 | | |
$ | 76 | |
| Other current assets | |
| 21,731 | | |
| 22,024 | |
| Noncurrent assets | |
| 9,987 | | |
| 9,726 | |
| Total
assets of discontinued operations | |
| 31,829 | | |
| 31,826 | |
| | |
| | | |
| | |
| Accrued expenses and other current liabilities | |
| 78,245 | | |
| 79,101 | |
| Amounts due to related
parties | |
| 3,631 | | |
| 3,729 | |
| Total
liabilities of discontinued operations | |
$ | 81,876 | | |
$ | 82,830 | |
| | |
| | | |
| | |
| Total net assets of discontinued
operations | |
$ | (50,047 | ) | |
$ | (51,004 | ) |
|