| Schedule of discontinued operations |
| Schedule of discontinued operations | |
| | | |
| | |
| | |
December 31, | |
| | |
2022 | | |
2021 | |
| | |
| | |
| |
| Net liabilities of discontinued operations | |
| | | |
| | |
| Cash | |
$ | – | | |
$ | 15,019 | |
| Accounts receivable | |
| – | | |
| 18,397 | |
| Residential housing | |
| – | | |
| 319,856 | |
| (Accumulated depreciation) | |
| – | | |
| (139,397 | ) |
| Accounts payable and accrued expenses | |
| – | | |
| (2,264 | ) |
| Accrued interest | |
| – | | |
| (231,318 | ) |
| Convertible debt | |
| – | | |
| (240,000 | ) |
| Derivative liability | |
| – | | |
| – | |
| Net liabilities of discontinued operations | |
$ | – | | |
$ | (259,707 | ) |
| |
|
|
|
|
|
|
|
|
| |
|
Year Ended December 31, |
|
| |
|
2022 |
|
|
2021 |
|
| |
|
|
|
|
|
|
| Gain (Loss) from discontinued operations |
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
133,217 |
|
|
$ |
129,803 |
|
| Cost of sales |
|
|
(65,209 |
) |
|
|
(79,953 |
) |
| Selling, general and administrative expenses |
|
|
(63,534 |
) |
|
|
(85,872 |
) |
| Interest expense |
|
|
(39,100 |
) |
|
|
(68,378 |
) |
| Change in derivative liability |
|
|
– |
|
|
|
37,793 |
|
| Loss on divestiture of subsidiary |
|
|
(217,769 |
) |
|
|
– |
|
| Gain no change in estimate |
|
|
(4,474 |
) |
|
|
(13,279 |
) |
| Gain on elimination of derivative liability |
|
|
– |
|
|
|
378,877 |
|
| Gain on settlement of debt |
|
|
– |
|
|
|
– |
|
| Gain on reversal of Red Rock liability |
|
|
510,418 |
|
|
|
1,872,086 |
|
| Loss on settlement |
|
|
(212,600 |
) |
|
|
– |
|
| Gain from discontinued operations |
|
$ |
40,949 |
|
|
$ |
2,171,077 |
|
Loss from discontinued operations of We3, divested on October 31, 2022,
which are presented in total as discontinued operations in the Company’s Consolidated Statement of Operations for the years ended
December 31, 2022 and 2021, are as follows:
| | |
| | |
| |
| | |
Year Ended December 31, | |
| | |
2022 | | |
2021 | |
| | |
| | |
| |
| Gain (Loss) from discontinued operations | |
| | | |
| | |
| Revenue | |
$ | 133,217 | | |
$ | 129,803 | |
| Cost of sales | |
| (65,209 | ) | |
| (79,953 | ) |
| Selling, general and administrative expenses | |
| (63,534 | ) | |
| (85,871 | ) |
| Loss on divestiture of subsidiary | |
| (217,769 | ) | |
| – | |
| Gain no change in estimate | |
| (4,474 | ) | |
| (13,279 | ) |
| (Loss) from discontinued operations | |
$ | (217,769 | ) | |
$ | (49,300 | ) |
|