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

NOTE 7 – DISCONTINUED OPERATIONS

 

Management intended to change its operation focus and entered into an agreement with a counterparty to sell certain assets and liabilities of HWF as of March 31, 2024 for consideration of $nil on March 27, 2024, which was closed on March 31, 2024. By selling off these assets and liabilities, management was signaling a shift away from aquaculture trading, which met the criteria to be reported as a discontinued operation and HWF as identified as discontinued operations as a result.

 

For the six months ended June 30, 2025 and 2024, the net income from discontinued operations were $nil and $6,532 (including a disposal gain of $3,404), respectively.

 

 

WENYUAN GROUP CORP. AND SUBSIDIARIES

 

NOTES TO THE UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS