Discontinued Operations |
6 Months Ended | ||
|---|---|---|---|
Jun. 30, 2026 | |||
| Discontinued Operations and Disposal Groups [Abstract] | |||
| Discontinued Operations |
On December 31, 2024, SUPA Consolidated Inc. completed the sale of substantially all of its intellectual property and related intangible assets (the “Assets”) to Boumarang Inc. pursuant to an Asset Purchase Agreement. Consideration consisted of shares of Boumarang common stock, valued at $5,000,000 on the closing date.
The divested Assets included:
U.S. Patent No. 9,984,574
U.S. Patent No. 11,217,101
All related trade secrets, customer lists, software, prototypes, applications, business names, goodwill, and other intangible property
Following the transaction, the Company discontinued its historical operations in transportation and autonomous ridesharing technology.
On December 31, 2024, the Company completed the sale of substantially all of its historical intellectual property and related intangible assets used in the ridesharing and autonomous vehicle business to Boumarang Inc. Following the closing, the Company has had no operating activity in the discontinued line of business.
There was no income or loss from discontinued operations during the three and six months ended June 30, 2026, or the three and six months ended June 30, 2025.
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