Aggregated financial results of the discontinued business44 |
| | Year ended December 31, | | | Year ended December 31, | | | Year ended December 31, | | | | 2024 | | | 2023 | | | 2022 | | Revenues | | $ | 65,778 | | | $ | 2,687,305 | | | $ | 520,624 | | Cost of revenues | | | 11,207 | | | | 2,230,100 | | | | 538,226 | | Gross profit (loss) | | | 54,571 | | | | 457,205 | | | | (17,602 | ) | Operating expenses | | | 1,013,008 | | | | 2,283,967 | | | | 1,343,546 | | Loss from operations | | | (958,437 | ) | | | (1,826,762 | ) | | | (1,361,148 | ) | Other expenses, net | | | (118,214 | ) | | | (57,849 | ) | | | (90,541 | ) | Loss before income taxes | | | (1,076,651 | ) | | | (1,884,611 | ) | | | (1,451,689 | ) | Provision for income taxes | | | - | | | | - | | | | - | | Loss from discontinued operations | | $ | (1,076,651 | ) | | $ | (1,884,611 | ) | | $ | (1,451,689 | ) |
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Assets and liabilities of the discontinued operations |
| | December 31, | | | December 31, | | | | 2024 | | | 2023 | | Assets | | | | | | | Current assets | | | | | | | Cash and cash equivalents | | $ | 20,566 | | | $ | 29,459 | | Restricted cash | | | 104 | | | | 34,134 | | Accounts receivable, net | | | 342,141 | | | | 912 | | Inventory, net | | | 453,971 | | | | 999,212 | | Advances to suppliers, net | | | 30,392 | | | | 178,153 | | Prepaid taxes | | | 36,312 | | | | 68,619 | | Prepaid expenses and other receivables, net | | | 3,700 | | | | 10,636 | | Total current assets of discontinued operations | | | 887,186 | | | | 1,321,125 | | | | | | | | | | | Non-current assets | | | | | | | | | Property, plant and equipment, net | | | 994,281 | | | | 1,119,559 | | Intangible assets, net | | | 731 | | | | 1,001 | | Total non-current assets of discontinued operations | | | 995,012 | | | | 1,120,560 | | Total assets of discontinued operations | | $ | 1,882,198 | | | $ | 2,441,685 | | | | | | | | | | | Liabilities | | | | | | | | | Current liabilities | | | | | | | | | Accounts payable | | $ | 1,530,190 | | | $ | 1,457,878 | | Due to related parties | | | 37,793 | | | | 30,744 | | Customer deposits | | | 887,699 | | | | 1,104,964 | | Taxes payable | | | - | | | | 393 | | Accrued liabilities and other payables | | | 2,564,581 | | | | 2,005,021 | | Total current liabilities of discontinued operations | | | 5,020,263 | | | | 4,599,000 | | Total liabilities of discontinued operations | | $ | 5,020,263 | | | $ | 4,599,000 | |
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