| SCHEDULE OF DISCONTINUED OPERATIONS |
Total
assets and liabilities included in discontinued operations were as follows:
SCHEDULE OF DISCONTINUED OPERATIONS
| | |
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 | ) |
|