| Schedule of Results of Discontinued Operations |
The results of discontinued
operations for the six months ended June 30, 2026 and 2025 are as follows:
| | |
For the Six Months Ended
June 30, | |
| | |
2026 | | |
2025 | |
| Net revenues | |
$ | 57,713 | | |
$ | 1,683,663 | |
| Cost of revenues | |
| 57,287 | | |
| 1,675,955 | |
| Gross profit | |
| 426 | | |
| 7,708 | |
| | |
| | | |
| | |
| Operating expenses: | |
| | | |
| | |
| Selling and marketing expenses | |
| 3,902 | | |
| 14,087 | |
| General and administrative expenses | |
| 489,786 | | |
| 783,341 | |
| Research and development expenses | |
| 18,493 | | |
| 36,468 | |
| Total operating expenses | |
| 512,181 | | |
| 833,896 | |
| | |
| | | |
| | |
| Loss from discontinued operations | |
| (511,755 | ) | |
| (826,188 | ) |
| | |
| | | |
| | |
| Other income (expenses) | |
| | | |
| | |
| Interest income | |
| 4 | | |
| 102 | |
| Interest expenses | |
| (82,088 | ) | |
| (55,412 | ) |
| Other expenses | |
| (29,452 | ) | |
| (28,409 | ) |
| Gain on disposal of subsidiaries | |
| 256,370 | | |
| - | |
| Total other income (expenses) | |
| 144,834 | | |
| (83,719 | ) |
| | |
| | | |
| | |
| Loss before income taxes | |
| (366,921 | ) | |
| (909,907 | ) |
| Income taxes provision | |
| | | |
| - | |
| Net loss from discontinued operations | |
$ | (366,921 | ) | |
$ | (909,907 | ) |
Assets
and liabilities of the discontinued operations:
| | |
As of
December 31, | |
| | |
2025 | |
| CURRENT ASSETS: | |
| |
| Cash | |
$ | 103,205 | |
| Accounts receivable, net | |
| 74,876 | |
| Inventories, net | |
| 138,706 | |
| Advances to suppliers, net | |
| 946,947 | |
| Other receivables, net | |
| 572 | |
| Other receivables-related parties | |
| 3,854,414 | |
| Prepaid expenses | |
| 20,050 | |
| TOTAL CURRENT ASSETS | |
| 5,138,770 | |
| | |
| | |
| NON-CURRENT ASSETS: | |
| | |
| Plant and equipment, net | |
| 1,933,555 | |
| Long-term investments | |
| 8,068 | |
| TOTAL ASSETS | |
$ | 7,080,393 | |
| | |
| | |
| CURRENT LIABILITIES: | |
| | |
| Loans-current | |
$ | 5,183,252 | |
| Accounts payable | |
| 592,016 | |
| Advance from customers | |
| 62,200 | |
| Taxes payable | |
| 96,155 | |
| Other payables and accrued liabilities | |
| 325,552 | |
| Other payables-related parties | |
| 100,099 | |
| TOTAL CURRENT LIABILITIES | |
| 6,359,274 | |
| | |
| | |
| NON-CURRENT LIABILITIES | |
| | |
| Loans-noncurrent | |
| 428,994 | |
| TOTAL LIABILITIES | |
$ | 6,788,268 | |
|