v3.26.1
DISCONTINUED OPERATIONS
 6 Months Ended
Jun. 30, 2026
Discontinued Operations and Disposal Groups [Abstract]  
DISCONTINUED OPERATIONS

NOTE 14 — DISCONTINUED OPERATIONS

 

On October 21, 2016, we exited the beverage licensing and distribution business. The assets and liabilities associated with this business are displayed as assets and liabilities from discontinued operations as of June 30, 2026 and December 31, 2025. Additionally, the revenues and costs associated with this business are displayed as income (loss) from discontinued operations.

 

 

Total assets and liabilities included in discontinued operations were as follows:

 

   June 30,
2026		   December 31,
2025		 
Assets from Discontinued Operations:          
Cash  $—   $— 
Total assets from discontinued operations  $—   $— 
           
Liabilities from Discontinued Operations:          
Accounts payable  $283,818   $283,818 
Accrued liabilities   58,184    58,184 
Accrued interest   1,802,916    1,790,509 
Accrued payroll and compensation expense   122,864    122,864 
Current maturities of long-term debt   239,085    239,085 
Short-term advances payable   37,529    2,323,967 
Total liabilities from discontinued operations  $2,544,396   $4,818,427 

 

Net income (loss) from discontinued operations for the six months ended June 30, 2026 and 2025, were comprised of the following components:

 

   2026   2025 
   Six Months ended June 30, 
   2026   2025 
Other expense:          
Interest expense  $(50,248)  $(76,102)
Gain on write off of time barred debt   2,324,279      
Net income (loss) from discontinued operations  $2,274,031   $(76,102)