| SCHEDULE OF FAIR VALUE OF ASSETS AND LIABILITIES ACQUIRED |
SCHEDULE OF FAIR VALUE OF ASSETS AND LIABILITIES ACQUIRED
| Fair value of non-controlling interests | |
$ | 650,951 | |
| Fair value of previously held equity investment | |
| 556,096 | |
| Subtotal | |
$ | 1,207,047 | |
| Recognized value of 100% of identifiable net assets | |
| (1,207,047 | ) |
| Goodwill Recognized | |
$ | - | |
| Recognized amounts of identifiable assets acquired and liabilities assumed (preliminary): | |
| | |
| Inventories | |
$ | 516,131 | |
| Cash and cash equivalents | |
| 50,346 | |
| Trade and other receivables | |
| 952,384 | |
| Advanced deposit | |
| 672,597 | |
| Net fixed assets | |
| 6,704 | |
| Trade and other payables | |
| (1,021,897 | ) |
| Advanced payments | |
| (5,317 | ) |
| Salaries and wages payables | |
| (4,692 | ) |
| Other receivable | |
| 40,791 | |
| Total identifiable net assets | |
$ | 1,207,047 | |
|
| SCHEDULE OF FINANCIAL DATA |
SCHEDULE
OF FINANCIAL DATA
| | |
2024 | | |
2023 | |
| | |
For the years ended December 31, | |
| | |
2024 (Restated) | | |
2023 (Restated) | |
| Net Sales | |
| | | |
| | |
| Manufacturing and Engineering | |
$ | 9,341 | | |
$ | 47,091 | |
| Heat Recovery Solutions | |
| 158,141 | | |
| 497,584 | |
| NG Trading | |
| 1,192,420 | | |
| 5,719,170 | |
| Waste to Energy | |
| 1,064,757 | | |
| 429,999 | |
| Discontinued operations | |
| - | | |
| 8,419,619 | |
| Total Sales | |
$ | 2,424,659 | | |
$ | 15,113,463 | |
| | |
| | | |
| | |
| Segment income and reconciliation before tax | |
| | | |
| | |
| Manufacturing and Engineering | |
| 7,806 | | |
| (16,199 | ) |
| Heat Recovery Solutions | |
| 15,160 | | |
| 157,178 | |
| LNG Trading | |
| (6,195 | ) | |
| (35,378 | ) |
| Waste to Energy | |
| 829,784 | | |
| 355,234 | |
| Discontinued operations | |
| - | | |
| 629,419 | |
| Total Segment income | |
| 846,555 | | |
| 1,090,254 | |
| Less: operating expense | |
| (4,176,986 | ) | |
| (3,386,819 | ) |
| Less: operating expense from discontinued operations | |
| - | | |
| (358,843 | ) |
| Less: other income and expenses | |
| (1,219,865 | ) | |
| (2,808,087 | ) |
Less: other income and expenses from discontinued operations | |
| - | | |
| 2,501 | |
| Net (loss) before income tax | |
$ | (4,550,296 | ) | |
$ | (5,460,994 | ) |
| | |
December
31, 2024 (Restated) | | |
December
31, 2023 (Restated) | |
| Total Assets | |
| | | |
| | |
| Manufacturing and Engineering | |
$ | 2,568,869 | | |
$ | 2,607,917 | |
| Heat Recovery Solutions | |
| 2,041,013 | | |
| 4,003,495 | |
| Waste to Energy | |
| 1,648,324 | | |
| 486,572 | |
| LNG Trading | |
| 2,426,065 | | |
| 3,069,105 | |
| Total Assets | |
$ | 8,684,271 | | |
$ | 10,167,089 | |
|
| SCHEDULE OF REVENUE BY GEOGRAPHIC AREAS BASED ON SALES LOCATION OF OUR PRODUCTS |
The
following table represents revenue by geographic area based on the sales location of our products and solutions:
SCHEDULE
OF REVENUE BY GEOGRAPHIC AREAS BASED ON SALES LOCATION OF OUR PRODUCTS
| | |
2024 | | |
2023 | |
| | |
For the years ended
December 31, | |
| | |
2024 | | |
2023 | |
| United States | |
| 1,232,238 | | |
| 905,057 | |
| China include discontinued operation: $8,419,619 | |
| 1,192,421 | | |
| 14,138,789 | |
| Other international | |
| - | | |
| 69,617 | |
| Total Sales | |
| 2,424,659 | | |
| 6,693,844 | |
|