v3.25.2
Discontinued Operation (Tables)
12 Months Ended
Dec. 31, 2024
Discontinued Operations  
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)
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