v3.26.1
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 3 Months Ended
Mar. 31, 2026
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Summary of financial results of discontinued operations

 

 

2026

 

 

2025

 

 

 

 

 

 

 

 

Revenue

 

$-

 

 

$846,416

 

Cost of revenues

 

 

-

 

 

 

810,783

 

Gross profit

 

 

-

 

 

 

35,633

 

General and administrative expenses

 

 

-

 

 

 

-

 

Income from discontinued operations, net of tax

 

$-

 

 

$35,633

 
Schedule of reconciliations of continuing and discontinued

 

 

2026

 

 

2025

 

Assets:

 

 

 

 

 

 

Accounts receivable

 

$-

 

 

$77,515

 

Right of use asset

 

 

-

 

 

 

175,450

 

Total

 

$-

 

 

$252,965

 

 

 

 

 

 

 

 

 

 

Liabilities:

 

 

 

 

 

 

 

 

Accounts payable and accrued expenses

 

$-

 

 

$877,514

 

Notes payable

 

 

-

 

 

 

148,947

 

Operating lease liability

 

 

-

 

 

 

207,808

 

Total

 

$-

 

 

$1,234,269

 
Summary of continuing and discontinued operations

 

 

Continuing 

 

 

Discontinued

 

 

Total

 

 

 

Operations

 

 

Operations

 

 

Operations

 

Three months ended March 31, 2026

 

 

 

 

 

 

 

 

 

Revenue

 

$2,242,566

 

 

$-

 

 

$2,242,566

 

Income (loss) from operations

 

$(874,249 )

 

$-

 

 

$(874,249 )

Net income (loss) available to common shareholders

 

$53,755

 

 

$-

 

 

$53,755

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended March 31, 2025:

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$-

 

 

$846,416

 

 

$846,416

 

Income (loss) from operations

 

$(576,305 )

 

$35,633

 

 

$(540,672 )

Net income (loss) available to common shareholders

 

$(642,697 )

 

$35,633

 

 

$(607,064 )