| Schedule of Major Classes of Line Item of Assets and Liabilities Included as Part of Discontinued Operations |
The following information presents the major classes
of line item of assets and liabilities included as part of discontinued operations in the consolidated balance sheets as of June 30, 2024
and December 31, 2023:
| | |
June 30,
2024 | | |
December 31,
2023 | |
| ASSETS | |
| | |
| |
| Current assets: | |
| | |
| |
| Cash | |
$ | — | | |
$ | 29,872 | |
| Accounts receivable, net | |
| — | | |
| 18,688 | |
| Inventory | |
| — | | |
| 89,997 | |
| Prepaid expenses and other current assets | |
| — | | |
| 6,500 | |
| Total current assets | |
| — | | |
| 145,057 | |
| | |
| | | |
| | |
| Property and equipment, net | |
| — | | |
| 4,188 | |
| Intangible assets, net | |
| — | | |
| 3,765,962 | |
| Operating lease right-of-use assets | |
| — | | |
| 702,818 | |
| Total other assets | |
| — | | |
| 4,472,968 | |
| Total assets | |
$ | — | | |
$ | 4,618,025 | |
| | |
| | | |
| | |
| LIABILITIES AND STOCKHOLDERS’ DEFICIT | |
| | | |
| | |
| Current liabilities: | |
| | | |
| | |
| Accounts payable | |
$ | — | | |
$ | 528,129 | |
| Accrued expenses | |
| — | | |
| 109,623 | |
| Contract liabilities | |
| — | | |
| 99,408 | |
| Lease liability, current | |
| — | | |
| 72,431 | |
| Debt, current, net of debt discounts | |
| — | | |
| 51,767 | |
| Total current liabilities | |
| — | | |
| 861,358 | |
| | |
| | | |
| | |
| Long-term liabilities: | |
| | | |
| | |
| Lease liability, noncurrent | |
| — | | |
| 647,258 | |
| Total long-term liabilities | |
| — | | |
| 647,258 | |
| Total liabilities | |
$ | — | | |
$ | 1,508,616 | |
|
| Schedule of Major Classes of Discontinued Operations in the Consolidated Statements of Operations |
The following information presents the major classes
of line items constituting the after-tax loss from discontinued operations in the consolidated statements of operations for the six months
ended June 30, 2024 and 2023:
| | |
June 30,
2024 | | |
June 30,
2023 | |
| Revenues | |
| | |
| |
| Products | |
$ | 158,612 | | |
$ | 991,492 | |
| Cost of revenues | |
| | | |
| | |
| Products | |
| 18,989 | | |
| 562,872 | |
| Gross profit | |
| 139,624 | | |
| 428,620 | |
| Operating expenses | |
| | | |
| | |
| General and administrative | |
| 28,542 | | |
| 93,596 | |
| Compensation | |
| 18,205 | | |
| 125,286 | |
| Professional services | |
| — | | |
| (4,000 | ) |
| Depreciation and amortization expense | |
| — | | |
| 546,203 | |
| Total operating expenses | |
| 46,747 | | |
| 761,085 | |
| Operating profit (loss) | |
| 92,877 | | |
| (332,465 | ) |
| Other income (expense) | |
| | | |
| | |
| Other income (expense) | |
| — | | |
| 8,826 | |
| Gain on extinguishment of debt | |
| — | | |
| 67,332 | |
| Interest expense | |
| (3,444 | ) | |
| (147,133 | ) |
| Total other income (expense) | |
| (3,444 | ) | |
| (70,976 | ) |
| Net income (loss) from discontinued operations | |
| 89,433 | | |
| (403,441 | ) |
| Income tax expense | |
| — | | |
| — | |
| Net income (loss) | |
$ | 89,433 | | |
$ | (403,441 | ) |
|