v3.26.1
Discontinued Operation (Tables)
 6 Months Ended
Jun. 30, 2026
Discontinued Operations [Abstract]  
Schedule of Discontinued Operations

The following is a summary of discontinued operations for the three and six months ended June 30, 2026 and 2025:

 

    Three months ended     Six months ended  
    June 30,     June 30,  
    2026     2025     2026     2025  
                         
Revenue   $ 14,565     $ 89,092     $ 155,594     $ 204,206  
Revenue - related party     -       45,220       29,076       82,511  
Total revenue     14,565       134,312       184,670       286,717  
Cost of revenue     -       50,383       63,951       97,128  
Gross profit     14,565       83,929       120,719       189,589  
                                 
Operating expenses:                                
Sales and marketing     12,516       154,183       405,791       330,583  
Research and development     552,632       1,229,898       1,704,714       2,802,258  
Research and development - related party     -       10,367       -       62,804  
General and administrative     808,795       394,270       1,398,512       872,908  
Total operating expenses     1,373,943       1,788,718       3,509,017       4,068,553  
                                 
Loss from operations     (1,359,378 )     (1,704,789 )     (3,388,298 )     (3,878,964 )
                                 
Other income (expense)                                
Other income     210,175       23,277       314,060       39,303  
Gain on sales and disposal of assets     975,194       -       436,801       -  
Interest expense     (49,120 )     (63,232 )     (54,970 )     (99,622 )
Other expense     (37,598 )     (53,104 )     (164,707 )     (93,999 )
Total other income (expense)     1,098,651       (93,059 )     531,184       (154,318 )
                                 
Loss before income tax     (260,727 )     (1,797,848 )     (2,857,114 )     (4,033,282 )
Income taxes provision     -       -       -       -  
Realized foreign currency translation     (683,433 )     -       (683,433 )     -  
Loss from discontinued operation   $ (944,160 )   $ (1,797,848 )   $ (3,540,547 )   $ (4,033,282 )
Schedule of Assets and Liabilities Held for Sale

The following is a summary of the assets and liabilities held for sale as of June 30, 2026 and December 31, 2025:

 

    June 30,     December 31,  
    2026     2025  
Assets            
Current Assets            
Cash   $ 78,608     $ 187,489  
Trade receivables, net     82,208       17,348  
Trade receivables - related party     -       61,030  
Inventories     -       216,888  
Prepaid expenses and other current assets     95,740       190,567  
Property and equipment, net     231,439       1,094,949  
Right-of-use assets, net     50,825       1,277,356  
Total current assets held for sale     538,820       3,045,627  
                 
Total assets of discontinued operations held for sale   $ 538,820     $ 3,045,627  
                 
LIABILITIES                
Current Liabilities                
Accounts payable and accrued liabilities   $ 134,123     $ 750,375  
Accounts payable and accrued expense - related party     -       13,956  
Convertible debt     -       82,305  
Silent partnership     -       956,902  
Intellectual property acquisition liability - related party     -       676,096  
Lease liabilities     50,859       1,348,606  
Total current liabilities held for sale     184,982       3,828,240  
                 
Total liabilities of discontinued operations held for sale   $ 184,982     $ 3,828,240  
Schedule of Discontinued Operations Cash Flows

The following is a summary of discontinued operations cash flows for the six months ended June 30, 2026 and 2025:

 

    Six months ended  
    June 30,  
    2026     2025  
Cash Flows From Discontinued Operating Activities            
Net loss   $ (3,540,547 )   $ (4,033,282 )
Adjustments to reconcile net loss to net cash used in operating activities:                
Realized foreign currency translation     683,433       -  
Depreciation and amortization     10,119       327,863  
Bad debt expense     -       14,512  
Inventory write-down     67,050       34,559  
Accretion expense     5,850       67,808  
Gain on settlement of intellectual property acquisition liability - related party     (348,966 )     -  
Gain on settlement of Note payable - silent partnership     (111,940 )     (3,380 )
Gain on sale and disposal of assets     (436,801 )     -  
Non-cash lease expense     1,217,298       119,150  
Changes in operating assets and liabilities:                
Accounts and other receivable, net     (67,243 )     (114,871 )
Accounts receivable - related party     61,030       -  
Inventories     147,466       (112,200 )
Prepaid expenses and other assets     91,426       99,378  
Accounts payable and accrued liabilities     (558,513 )     (518,166 )
Accounts payable and accrued expense - related party     -       (47,025 )
Operating lease liabilities     (1,288,066 )     (181,130 )
Net cash (used in) operating activities     (4,068,404 )     (4,346,784 )
                 
Cash Flows From Investing Activities                
Proceeds from sales of intellectual properties     1,250,000       -  
Payment for intangible asset - related party     (350,000 )     (250,000 )
Purchase of property and equipment     (658 )     (1,216 )
Other investing cash flows     -       3,174  
Net cash provided by (used in) investing activities     899,342       (248,042 )
                 
Cash Flows From Financing Activities                
Proceeds from inter-company loans     3,956,422       4,686,359  
Repayments of convertible debt     (61,339 )     -  
Payments on silent partnerships     (803,940 )     (54,580 )
Net cash provided by financing activities     3,091,143       4,631,779  
                 
Effect of changes in exchange rates     (30,962 )     (15,987 )
                 
Net  increase (decrease) in cash     (108,881 )     20,966  
Cash at beginning of period     187,489       178,167  
Cash at end of period   $ 78,608     $ 199,133