v3.25.2
DISCONTINUED OPERATIONS
 6 Months Ended
Jun. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
DISCONTINUED OPERATIONS

NOTE 3 – DISCONTINUED OPERATIONS

 

The operating results of our former Latin America subsidiaries, which we disposed of to focus on our U.S.-based operations and the development and marketing of our internally developed cybersecurity software, are reported within discontinued operations on our condensed consolidated statements of operations and comprehensive loss through July 1, 2024. Our loss from discontinued operations, net of tax, and our loss on assets held for sale, net of tax, which are presented in total as discontinued operations, net of income tax, on our condensed consolidated statements of operations and comprehensive loss for the three and six months ended June 30, 2024, were as follows:

 

   Three Months Ended June 30,   Six Months Ended June 30, 
   2024   2024 
         
Revenue  $4,579,249   $8,387,171 
           
Cost of revenue   3,567,711    7,092,426 
Operating expenses   971,312    2,097,362 
Other expense   187,956    346,469 
Loss from discontinued operations before income taxes   (147,730)   (1,149,086)
Benefit from income taxes   -    - 
Loss from assets held for sale, net of tax   (3,349,799)   (3,349,799)
Loss from discontinued operations  $(3,497,529)  $(4,498,885)

 

Net cash provided by operating activities of discontinued operations was $223,831 for the six months ended June 30, 2024. Net cash used in investing activities of discontinued operations was $83,095 for the six months ended June 30, 2024.