v3.26.1
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
6 Months Ended
Jun. 30, 2026
BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Summary of financial results of discontinued operations

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Revenue

 

$-

 

 

$877,856

 

 

$-

 

 

$1,724,272

 

Cost of revenues

 

 

-

 

 

 

659,037

 

 

 

-

 

 

 

1,469,820

 

Gross profit

 

 

-

 

 

 

218,819

 

 

 

-

 

 

 

254,452

 

General and administrative expenses

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Income from discontinued operations, net of tax

 

$-

 

 

$218,819

 

 

$-

 

 

$254,452

 

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

Operations

 

 

Discontinued Operations

 

 

Total

Operations

 

Three months ended June 30, 2026

 

 

 

 

 

 

 

 

 

Revenue

 

$2,124,471

 

 

$-

 

 

$2,124,471

 

Income (loss) from operations

 

 

(1,035,992)

 

 

-

 

 

 

(1,035,992)

Net income (loss) available to common shareholders

 

 

(1,121,574)

 

 

-

 

 

 

(1,121,574)

 

 

 

 

 

 

 

 

 

 

 

 

 

Three months ended June 30, 2025

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$-

 

 

$877,856

 

 

$877,856

 

Income (loss) from operations

 

 

(1,464,770)

 

 

218,819

 

 

 

(1,245,951)

Net income (loss) available to common shareholders

 

 

(1,590,287)

 

 

218,819

 

 

 

(1,371,468)

 

 

 

 

 

 

 

 

 

 

 

 

 

Six months ended June 30, 2026

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$4,367,037

 

 

$-

 

 

$4,367,037

 

Income (loss) from operations

 

 

(1,190,489)

 

 

-

 

 

 

(1,190,489)

Net income (loss) available to common shareholders

 

 

(1,067,819)

 

 

-

 

 

 

(1,067,819)

 

 

 

 

 

 

 

 

 

 

 

 

 

Six months ended June 30, 2025

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$-

 

 

$1,724,272

 

 

$1,724,272

 

Income (loss) from operations

 

 

(2,515,790)

 

 

254,452

 

 

 

(2,261,338)

Net income (loss) available to common shareholders

 

 

(2,232,984)

 

 

254,452

 

 

 

(1,978,532)