v3.26.1
Sg Devcorp Settlement and Release (Tables)
 12 Months Ended
Dec. 31, 2025
Discontinued Operations and Disposal Groups [Abstract]  
Schedule of Income (Loss) from Discontinued Operations The following table represents the financial results of SG DevCorp for the year ended December 31, 2024:
Operating Expenses:      
Payroll and related expenses   $ 1,223,511  
General and administrative expenses     295,664  
Marketing and business development expenses     10,219  
Operating loss     (1,529,394 )
Other income (expense)     (422,941 )
Net loss   $ (1,952,335 )

 

The total income from discontinued operations for the year ended December 31, 2024, is comprised of the following:

 

Gain from Deconsolidation   $ 4,637,013  
Net operating loss from discontinued operations     (1,952,335 )
Net income from discontinued operations   $ 2,684,678  
Schedule of Derecognition of Assets and Liabilities Effected from Deconsolidation

The assets and liabilities of SG DevCorp at the time of Deconsolidation amounted to the following:

 

Assets:      
Cash   $ 567,473  
Assets held for sale     4,400,361  
Prepaid expenses and other current assets     429,331  
Total current assets     5,397,165  
         
Property, plant and equipment, net     1,194,117  
Project development costs and other non-current assets     91,490  
Intangible assets, net     138,678  
Goodwill     1,810,787  
Investment in and advances to equity affiliates     3,642,607  
Total long-term assets     6,877,679  
         
Liabilities:        
Accounts payable and accrued expenses     1,600,294  
Contingent consideration payable     945,000  
Short-term notes payable, net     6,476,723  
    $ 9,022,017