| Schedule of Operating Results, Assets and liabilities, Cash Flow and Non-Cash Information for Discontinued Segments |
The following table summarizes the key components of the operating results of the discontinued operations within the Condensed Consolidated Statements of Operations for the three months ended June 30, 2026 and 2025: | | | | | | | | | | | | | | | | | | | | | | | | | For the three months ended June 30, 2026 | | For the three months ended June 30, 2025 | | Marketplace | | Brands | | Marketplace | | Brands | | Revenues, net | $ | 4,716 | | | $ | 3,757,868 | | | $ | 318,997 | | | $ | 3,331,995 | | | Cost of revenues (exclusive of depreciation and amortization shown below) | 145 | | | — | | | 97,199 | | | (1,399) | | | Cost of goods sold (exclusive of depreciation and amortization shown below) | — | | | 2,894,153 | | | 11,541 | | | 2,219,749 | | | Operating costs | 2,371 | | | 1,202,557 | | | 1,502,925 | | | 2,360,515 | | | Depreciation and amortization | — | | | — | | | 279,915 | | | 35,025 | | | Operating income/(loss) | 2,200 | | | (338,842) | | | (1,572,583) | | | (1,281,895) | | | Other expense, net | — | | | (41,144) | | | — | | | — | | | Income tax expense | — | | | — | | | (1,497) | | | (1,497) | | | Income/(Loss) from discontinued operations, net of tax | $ | 2,200 | | | $ | (379,986) | | | $ | (1,574,080) | | | $ | (1,283,392) | |
The following table summarizes the key components of the operating results of the discontinued operations within the Condensed Consolidated Statements of Operations for the six months ended June 30, 2026 and 2025: | | | | | | | | | | | | | | | | | | | | | | | | | For the six months ended June 30, 2026 | | For the six months ended June 30, 2025 | | Marketplace | | Brands | | Marketplace | | Brands | | Revenues, net | $ | 90,284 | | | $ | 7,339,425 | | | $ | 747,646 | | | $ | 6,602,182 | | | Cost of revenues (exclusive of depreciation and amortization shown below) | 743 | | | — | | | 201,508 | | | 527 | | | Cost of goods sold (exclusive of depreciation and amortization shown below) | 1,344 | | | 5,139,427 | | | 11,953 | | | 4,292,611 | | | Operating costs | 44,653 | | | 2,460,614 | | | 2,993,714 | | | 4,458,628 | | | Depreciation and amortization | — | | | — | | | 549,176 | | | 70,050 | | | Operating income/(loss) | 43,544 | | | (260,616) | | | (3,008,705) | | | (2,219,634) | | | Other expense, net | (15,000) | | | (119,004) | | | (22,629) | | | — | | | Income tax expense | — | | | — | | | (1,496) | | | (1,497) | | | Income/(Loss) from discontinued operations, net of tax | $ | 28,544 | | | $ | (379,620) | | | $ | (3,032,830) | | | $ | (2,221,131) | |
Assets and liabilities of segments classified as held for sale in the Condensed Consolidated Balance Sheets as of June 30, 2026 and December 31, 2025, consist of the following: | | | | | | | | | | | | | June 30,
2026 | | December 31,
2025 | | Assets | | | | | Current assets: | | | | | Cash and cash equivalents | $ | 44,509 | | | $ | 353,355 | | | Accounts receivable, net | 65,579 | | | 72,372 | | | Inventory | 2,059,371 | | | 2,665,203 | | | Prepaid expenses and other current assets | 386,837 | | | 215,986 | | | Intangible assets, net | 1,072,762 | | | 1,072,762 | | | Deposits | — | | | 28,243 | | | | | | | | | | | | | | | | | | | Total assets held for sale | $ | 3,629,058 | | | $ | 4,407,921 | | | | | | | Liabilities | | | | | Current liabilities: | | | | | Accounts payable | $ | 931,968 | | | $ | 854,889 | | | Accrued expenses | 750,485 | | | 357,183 | | | Deferred revenue | 673,550 | | | 1,399,969 | | | Total liabilities held for sale | $ | 2,356,003 | | | $ | 2,612,041 | |
The cash flows from discontinued operations have not been segregated and are included in the Condensed Consolidated Statements of Cash Flows. | | | | | | | | | | | | | For the Six Months Ended June 30, | | 2026 | | 2025 | | Net cash (used in) / provided by operating activities | $ | (166,007) | | | $ | 2,241,676 | | | | | | | | | | | | | |
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