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

NOTE 3: DISCONTINUED OPERATIONS

 

From November 17, 2015 through December 31, 2023, through its subsidiary Arizona Green Power (“AGP”), the Company had entered into an agreement (the “Land Option Agreement”), and a series of amendments to said agreement, to purchase land in Arizona. The Land Option Agreement expired in March 2024. With the expiration of the Land Option Agreement, the Company made the strategic decision to divest itself from AGP.

 

On February 17, 2025, the Company completed the sale of its majority interest in AGP to Ron Pickett, its CEO, for the amount of $1. This amount was credited against the amount due to Mr. Pickett for business expenses. There were no assets on the books of AGP. The Company de-recognized the liabilities of AGP and the balance of non-controlling interest. The loss on sale of AGP to related party was recognized in income as follows:

 

Other Liabilities   $ 35,058  
Non-controlling interest     (351,402)  
Accounts payable     1  
Loss on sale of subsidiary   $ (316,343 )

 

The following information presents the major classes of line items constituting the after-tax loss from discontinued operations in the consolidated statements of operations through February 17, 2025:

 

    Three Months Ended     Six Months Ended  
    June 30,     June 30,     June 30,     June 30,  
    2026     2025     2026     2025  
                         
Selling, general, and administrative expenses     -       -       -       780  
Loss on sale of subsidiary     -       -       -       316,343  
Loss from discontinued operations, net of tax   $     -     $     -     $     -     $ 317,123  

  

The following information presents the significant operating cash flow activities in the consolidated statements of cash flows relating to discontinued operations:

 

    Six Months Ended  
    June 30,     June 30,  
    2026     2025  
Operating activities of discontinued operations            
Net loss from discontinued operations   $     -     $ (317,123 )
Loss on sale of subsidiary     -       316,343  
                 
Changes in current assets and liabilities:                
Accounts payable   $ -     $ 3,791