Total
assets and liabilities from discontinued operations as of March 31, 2024 are as below:
SCHEDULE
OF DISCONTINUED OPERATIONS
| | |
March 31, 2024 | |
| | |
| |
| ASSETS | |
| | |
| Current assets | |
| | |
| Cash and cash equivalents | |
$ | — | |
| Other receivable | |
| — | |
| Assets held for sales – accounts receivable and other | |
| 471,802 | |
| Total current assets | |
$ | 471,802 | |
| TOTAL ASSETS FROM DISCONTINUED OPERATIONS | |
$ | 471,802 | |
| | |
| | |
| LIABILITIES | |
| | |
| Current liabilities: | |
| | |
| Liabilities held for sale - accounts payable and accrued liabilities | |
$ | 475,206 | |
| Other accrued liabilities | |
| — | |
| Total current liabilities | |
| 475,206 | |
| TOTAL LIABILITIES FROM DISCONTINUED OPERATIONS | |
$ | 475,206 | |
For
the year ended December 31, 2024 results of operations from HWF are as below:
| | |
2024 | |
| | |
| |
| Revenues | |
| |
| Aquaculture product sales | $ |
— | |
| Total revenues | |
— | |
| | |
— | |
| Cost of revenues | |
— | |
| Cost of Aquaculture product | |
— | |
| Total cost of revenues | |
— | |
| Gross profit | |
— | |
| | |
| |
| Operating expenses: | |
| |
| Selling, general and administrative expenses | |
— | |
| Total operating expenses | |
— | |
| | |
— | |
| Income from operations of discontinued operations | |
— | |
| | |
| |
| Other expenses: | |
| | |
| Other expenses, net | |
| 13 | |
| Total other expenses, net | |
| 13 | |
| | |
| | |
| Net loss before income tax from discontinued operations | |
| (13 | ) |
| Income tax recovery (expense) | |
| 3,141 | |
| Net gain (loss) from discontinued operations, net of taxes before loss from sale of discontinued operations | |
| 3,128 | |
| Gain from sale of discontinued operations, net of taxes | |
| 3,404 | |
| Gain (Loss) from discontinued operations | |
$ | 6,532 | |
|