DISCONTINUED OPERATIONS |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Discontinued Operations and Disposal Groups [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| DISCONTINUED OPERATIONS | NOTE 3: DISCONTINUED OPERATIONS
HUMBL.com
Effective December 2, 2024, the Company entered into an Asset Purchase Agreement with TAP to sell its assets to TAP as discussed in Note 1. The Company received $3,037,500 in cash and debt cancellation and an investment in HoldCo in the amount of $17,000,000 for a total purchase price of $20,000,000. The operations of HUMBL.com, which includes the operations of the HUMBL Chile division for the six months ended June 30, 2025 are reflected in discontinued operations.
The Company reclassified the following operations to discontinued operations for the six months ended June 30, 2025.
The Company reflected the following gain on disposal for the six months ended June 30, 2025 related to the sale of HUMBL.com, which includes the ownership of HoldCo (the entire gain on disposal occurred in the six months ended June 30, 2025):
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