v3.25.2
EQUITY METHOD INVESTMENTS (Tables)
 6 Months Ended
Jun. 30, 2025
NewStem Ltd [Member]  
SCHEDULE OF INVESTMENTS

The following table represents the Company’s investment in NewStem:

 

   Six Months Ended June 30, 2025   Year Ended December 31, 2024 
    (Unaudited)      
Investment in NewStem, beginning   $-   $1,784,234 
Allocation of net loss from NewStem, Ltd.   -    (155,577)
Investment in NewStem before impairment   -    1,628,657 
Impairment loss recorded    -    (1,628,657)
Investment in NewStem, ending  $-   $- 
SCHEDULE OF OPERATIONS AND FINANCIAL POSITION INVESTMENT

The results of operations of the Company’s investment in NewStem is summarized below (unaudited):

 

   2025   2024   2025   2024 
   Six Months Ended June 30,   Three Months Ended June 30, 
   2025   2024   2025   2024 
Condensed income statement information:                    
Net revenues  $-   $-   $-   $- 
Gross margin  $-   $-           
Net loss  $-   $(345,000)  $-   $(175,000)
Company’s allocation of net loss from NewStem, Ltd.  $-   $(105,243)  $-   $(53,384)

 

The financial position of the Company’s investment in NewStem is summarized below:

 

   2025   2024 
   As of 
   June 30,   December 31, 
   2025   2024 
   (Unaudited)     
Condensed balance sheet information:          
Current assets   $-   $100,000 
Non-current assets  $-   $2,000 
Current liabilities   $-   $548,000 
Non-current liabilities  $-   $- 
NetCo Partners [Member]  
SCHEDULE OF INVESTMENTS

The following table represents the Company’s investment in NetCo:

  

   Six Months Ended June 30, 2025   Year Ended December 31, 2024 
    (Unaudited)      
Investment in NetCo, beginning   $128,240   $133,709 
Allocation of net income (loss) from NetCo   340    (5,469)
Distribution from NetCo    (340)   - 
Sale of ownership interest in NetCo   (128,240)   - 
Investment in NetCo, ending   $-   $128,240 
SCHEDULE OF OPERATIONS AND FINANCIAL POSITION INVESTMENT

The results of operations of the Company’s investment in NetCo is summarized below (unaudited):

 

   2025   2024   2025   2024 
   Six Months Ended June 30,   Three Months Ended June 30, 
   2025   2024   2025   2024 
Condensed income statement information:                    
Net sales  $-   $373   $-   $- 
Gross margin  $(79)  $310   $-   $(63)
Net income  $680   $(5,840)  $680   $(3,138)
Company’s allocation of net income from NetCo  $340   $(2,920)  $340   $(1,569)

 

The financial position of the Company’s investment in NetCo is summarized below:

 

   June 30,   December 31, 
   As of 
   June 30,   December 31, 
   2025   2024 
   (Unaudited)     
Condensed balance sheet information:          
Current assets  $-   $1,305 
Non-current assets  $-   $272,799 
Current liabilities  $-   $10,748 
Non-current liabilities  $-   $-