| SCHEDULE OF EFFECTS OF THE CORRECTION ON THE PREVIOUSLY ISSUED CONSOLIDATED FINANCIAL STATEMENTS |
The
following table summarizes the effects of the correction on the previously issued consolidated financial statements for the six months
ended June 30, 2025. The amounts presented also reflect the impact of the discontinued operations reclassification described in Note
5 — “Discontinued Operations.”
SCHEDULE
OF EFFECTS OF THE CORRECTION ON THE PREVIOUSLY ISSUED CONSOLIDATED FINANCIAL STATEMENTS
| Consolidated
Statements of Operations | |
As
previously reported | | |
Adjustment | | |
As
restated | |
| | |
For
the six months ended June 30, 2025 | |
| Consolidated
Statements of Operations | |
As
previously reported | | |
Adjustment | | |
As
restated | |
| Income
tax benefits | |
| 13,334 | | |
| 140,762 | | |
| 154,096 | |
| Loss
from continuing operations | |
| (2,988,592 | ) | |
| 1,503,410 | | |
| (1,485,182 | ) |
| Loss
from discontinued operations | |
| — | | |
| (1,362,648 | ) | |
| (1,362,648 | ) |
| Net
loss | |
| (2,988,592 | ) | |
| 140,762 | | |
| (2,847,830 | ) |
| | |
| | | |
| | | |
| | |
| Consolidated
Statements of Cash Flows | |
As
previously reported | | |
Adjustment | | |
As
restated | |
| | |
For
the six months ended June 30, 2025 | |
| Consolidated
Statements of Cash Flows | |
As
previously reported | | |
Adjustment | | |
As
restated | |
| Net
loss | |
| (2,988,592 | ) | |
| 140,762 | | |
| (2,847,830 | ) |
| Less:
Net loss from discontinued operations | |
| — | | |
| (1,362,648 | ) | |
| (1,362,648 | ) |
| Net
loss from continuing operations | |
| (2,988,592 | ) | |
| 1,503,410 | | |
| (1,485,182 | ) |
| | |
| | | |
| | | |
| | |
| Adjustments
to reconcile net (loss)/income to net cash used in operating activities: | |
| | | |
| | | |
| | |
| Deferred
tax assets | |
| (13,334 | ) | |
| (140,762 | ) | |
| (154,096 | ) |
| Net
cash used in continuing operations | |
| (1,328,938 | ) | |
| 297,187 | | |
| (1,031,751 | ) |
| Net
cash used in discontinued operations | |
| — | | |
| (297,187 | ) | |
| (297,187 | ) |
| Net
cash used in operating activities | |
| (1,328,938 | ) | |
| — | | |
| (1,328,938 | ) |
|