v3.25.2
NOTE 18 - INVESTMENTS IN JOINT VENTURE: Summarized financial information for joint venture - Statement of Operations (Tables)
3 Months Ended
Mar. 31, 2025
Tables/Schedules  
Summarized financial information for joint venture - Statement of Operations

 

Statement of Operations:

 

For the three months ended March 31,

 

 

 

2025

 

 

2024

 

Revenue

$

-

 

 

$

-

 

Cost of sale

 

-

 

 

 

-

 

Gross profit

 

-

 

 

 

-

 

Operating expense

 

(40,214

)

 

 

(48,320

)

Depreciation

 

(274

)

 

 

(273

)

Net loss from operations

 

(40,488

)

 

 

(48,593

)

 

 

 

 

 

 

 

 

Other expense:

 

 

 

 

 

 

 

Interest expense, net

 

(57,718

)

 

 

(54,118

)

Net loss

$

(98,206

)

 

$

(102,711