| Schedule of Balance sheet - Discontinued operations |
The
following table represents the major components of the results of discontinued operations for the year ended December 31, 2025:
| Balance sheet - Discontinued operations | |
December 31,
2025 | |
| | |
| |
| ASSETS | |
| |
| Current assets: | |
| |
| Cash | |
$ | 214,841 | |
| Accounts receivable, net of allowance for credit losses of $64,895 | |
| 279,597 | |
| Prepaids and other current assets | |
| 132,460 | |
| Current assets from discontinued operations | |
| 626,898 | |
| | |
| | |
| Non-current assets: | |
| | |
| Fixed assets, net | |
| 37,627 | |
| Non-current assets from discontinued operations | |
| 37,627 | |
| | |
| | |
| Total assets from discontinued operations | |
$ | 664,525 | |
| | |
| | |
| LIABILITIES | |
| | |
| Accounts payable and accrued liabilities | |
$ | (2,206,332 | ) |
| Deferred revenue | |
| (1,324,486 | ) |
| Loan payable, related party | |
| (330,000 | ) |
| Total liabilities from discontinued operations | |
$ | (3,860,818 | ) |
|
| Schedule of Statement of Operations - Discontinued Operations |
The
following table represents the major components of the results of discontinued operations for the three and six months ended June 30,
2026, and 2025:
| | |
For the Three Months Ended | | |
For the Six Months Ended | |
| Statement of operations - Discontinued operations | |
June 30,
2026 | | |
June 30,
2025 | | |
June 30,
2026 | | |
June 30,
2025 | |
| Revenue | |
| | |
| | |
| | |
| |
| Subscription fees | |
$ | 415,430 | | |
$ | 880,327 | | |
$ | 1,020,900 | | |
$ | 1,707,672 | |
| Professional services and other fees | |
| 280,661 | | |
| 1,024,478 | | |
| 887,406 | | |
| 1,921,157 | |
| Technical engineering fees | |
| 58,614 | | |
| 430,124 | | |
| 127,291 | | |
| 829,970 | |
| Total revenue from discontinued operations | |
$ | 754,705 | | |
$ | 2,334,929 | | |
$ | 2,035,597 | | |
$ | 4,458,799 | |
| | |
| | | |
| | | |
| | | |
| | |
| Less : | |
| | | |
| | | |
| | | |
| | |
| Cost of revenues | |
| 416,429 | | |
| 1,361,480 | | |
| 1,226,622 | | |
| 2,435,618 | |
| Compensation and related benefits | |
| 322,647 | | |
| 1,224,363 | | |
| 1,805,631 | | |
| 2,388,413 | |
| General and administrative | |
| 254,036 | | |
| 447,756 | | |
| 556,493 | | |
| 617,693 | |
| Interest expense | |
| - | | |
| 18,219 | | |
| 21,155 | | |
| 54,270 | |
| Other income, net | |
| - | | |
| (10,295 | ) | |
| - | | |
| (10,295 | ) |
| Gain on sale of discontinued operations | |
| (4,168,878 | ) | |
| - | | |
| (4,168,878 | ) | |
| - | |
| | |
| | | |
| | | |
| | | |
| | |
| Income (loss) from discontinued operations before provision for income taxes | |
| 3,930,471 | | |
| (706,594 | ) | |
| 2,594,574 | | |
| (1,026,900 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Provision for income taxes | |
| (2,756 | ) | |
| (2,756 | ) | |
| (3,335 | ) | |
| (2,756 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Net income/(loss) from discontinued operations | |
$ | 3,927,715 | | |
$ | (709,350 | ) | |
$ | 2,591,239 | | |
$ | (1,029,656 | ) |
|