| Schedule of Condensed Consolidated Statement of Operations |
Condensed consolidated statement of operations for the three months
ended December 31, 2023 was:
| | |
Amount | |
| Total operating expenses | |
$ | 2,801,355 | |
| Loss from operations | |
| (2,801,355 | ) |
| Total other expense | |
| (5,862 | ) |
| Net loss from continuing operations | |
| (2,807,217 | ) |
| Net loss from discontinued operations | |
| (6,120,878 | ) |
| Net loss | |
$ | (8,928,095 | ) |
| | |
| | |
| NET LOSS
PER COMMON SHARE (1): | |
| | |
| Basic and diluted, continuing operations | |
$ | (2.13 | ) |
| Basic and diluted, discontinued operations | |
| (4.63 | ) |
| Basic and diluted | |
$ | (6.76 | ) |
| | |
| | |
| WEIGHTED AVERAGE COMMON SHARES OUTSTANDING | |
| | |
| Basic and diluted | |
| 1,320,456 | |
| | (1) | Retroactively restated for the reverse recapitalization as described in Note 1 and Note 4 and the one-for-eight reverse stock split described in Note 14. |
|
| Schedule of Condensed Consolidated Statement of Cash Flows |
Condensed consolidated statement of cash flows for the three months
ended December 31, 2023 was:
| | |
Amount | |
| Net loss | |
$ | (8,928,095 | ) |
| Net loss from discontinued operations | |
| (6,120,878 | ) |
| Net loss from continuing operations | |
$ | (2,807,217 | ) |
| Adjustments to reconcile net loss to net cash used in operating activities | |
| 69,064 | |
| Changes in operating assets and liabilities | |
| 4,784,982 | |
| Net cash provided by operating activities, continuing operations | |
| 2,046,829 | |
| Net cash used in operating activities, discontinued operations | |
| (2,784,660 | ) |
| NET CASH USED IN OPERATING ACTIVITIES | |
| (737,831 | ) |
| Net cash provided by investing activities, continuing operations | |
| — | |
| Net cash provided by investing activities, discontinued operations | |
| 130,137 | |
| NET CASH PROVIDED BY INVESTING ACTIVITIES | |
| 130,137 | |
| Net cash provided by financing activities, continuing operations | |
| 773,161 | |
| Net cash used in financing activities, discontinued operations | |
| (26,990 | ) |
| NET CASH PROVIDED BY FINANCING ACTIVITIES | |
| 746,171 | |
| EFFECT OF EXCHANGE RATE ON CASH – DISCONTINUED OPERATIONS | |
| 33,314 | |
| NET CHANGE IN CASH | |
| 171,791 | |
| Cash - beginning of period, including discontinued operations | |
| 691,819 | |
| Cash - end of period, including discontinued operations | |
| 863,610 | |
| Less: cash from discontinued operations | |
| 812,229 | |
| Cash – end of period from continuing operations | |
$ | 51,381 | |
|