v3.26.1
Discontinued operations
 12 Months Ended
Dec. 31, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Discontinued operations

Note 6 — Discontinued operations

 

On August 11, 2023, the Company discontinued its SaaS services in the Mainland of China. On August 11, 2023, Infobird Co., Ltd, a Cayman Island exempted company (the “Company”), entered into an equity transfer agreement (the “Agreement”) with CRservices Limited (“CRservices”), a Mahé Island limited company and a shareholder of the Company, pursuant to which, the Company agreed to sell all the issued shares of Infobird HK, a limited company incorporated under the laws of Hong Kong and a wholly owned subsidiary of the Company, for a consideration of HK$10,000. On the same day, the Company discontinued its SaaS services in the Mainland of China.

 

As a result, the result of operations for the Company’s Mainland SaaS services business are reported as discontinued operations under the guidance of ASC 205.

 

Reconciliation of the amounts of major classes of income and losses from discontinued operations in the consolidated statements of operations and comprehensive loss for the years ended December 31, 2025, 2024 and 2023.

 

                       
    For the Year Ended
    December 31,   December 31,   December 31,
    2025   2024   2023
             
REVENUES   $ —     $ —     $ 2,589,823  
COST OF REVENUES     —       —       1,603,887  
                         
GROSS PROFIT     —       —       985,936  
                         
OPERATING EXPENSES:                        
Selling     —       —       607,424  
General and administrative     —       —       954,576  
Research and development     —       —       922,343  
Long-live assets impairment     —       —       2,602,589  
Total operating expenses     —       —       5,086,932  
                         
LOSS FROM OPERATIONS     —       —       (4,100,996 )
                         
OTHER INCOME (EXPENSE)                        
Interest income     —       —       1,296  
Interest expense     —       —       (33,682 )
Other expense, net     —       —       (154,275 )
Total other expense, net     —       —       (186,661 )
                         
LOSS FROM DISCONTINUED OPERATIONS BEFORE INCOME TAXES     —       —       (4,287,657 )
                         
GAIN ON THE SALE OF DISCONTINUED OPERATIONS BEFORE INCOME TAXES     —       —       22,858,286  
                         
TOTAL INCOME FROM DISCONTINUED OPERATIONS BEFORE INCOME TAXES     —       —       18,570,629  
                         
INCOME TAX EXPENSE     —       —       —  
                         
INCOME FROM DISCONTINUED OPERATIONS, NET OF TAX     —       —       18,570,629