v3.26.1
Discontinued Operations
 12 Months Ended
Dec. 31, 2025
Discontinued Operations [Abstract]  
DISCONTINUED OPERATIONS

3. DISCONTINUED OPERATIONS

 

Disposal of BEH

 

On March 28, 2024, the Company entered into a Stock Purchase Agreement (“SPA”) with Health Up Inc., a California corporation (“HUT”), an unrelated party whereby the Company agreed to sell to HUT its wholly owned subsidiary, BEH, in exchange for cash consideration of $400,000. The transaction was closed on April 1, 2024. The Company recorded $377,752 gain on disposal of the subsidiary, which was the difference between the selling price of $400,000 and the carrying value of the net assets of $22,248 of the disposal entity. The following table summarizes the carrying value of the assets and liabilities of BEH at March 31, 2024.

 

   As of
March 31,
2024		 
ASSETS    
CURRENT ASSETS    
Cash and equivalents  $114 
Accounts receivable, net   43,164 
Other receivables   877,749 
Prepaid expenses   52,419 
Security deposit   5,364 
Inventory, net   184,590 
Property and equipment, net   92,274 
ROU, Net   112,213 
TOTAL ASSETS  $1,367,887 
      
LIABILITIES AND STOCKHOLDERS’ DEFICIT     
CURRENT LIABILITIES     
Bank overdraft  $2,532 
Accounts payable   183,170 
Taxes payable   14,515 
Accrued liabilities and other payables   841,390 
Accrued interest on government loans   13,603 
Finance lease liabilities   2,694 
Operating lease liability   50,331 
Loan from officer   29,000 
Finance lease liabilities   695 
Operating lease liability   61,996 
Government loans payable   145,714 
TOTAL LIABILITIES  $1,345,640 
Net Assets   22,248 
Consideration   400,000 
Gain on disposal  $377,752 

The operations of BEH was accounted for as discontinued operations in the accompanying consolidated financial statements for all periods presented. The following table presents the components of discontinued operations reported in the consolidated statements of operations:

 

   For the
Year
Ended
December 31,
2024		 
     
Revenue, Net  $153,865 
Cost of Revenues   76,592 
Gross Profit   77,273 
Operating Expenses   192,652 
      
Loss from Operations   (115,379)
Other Income (Expenses)     
Interest expense   (4,154)
Other expenses   (1,294)
      
Total Other Expenses   (5,448)
Loss Before Income Taxes   (120,827)
Income Tax Expense   - 
Net Loss from Discontinued Operations  $(120,827)