RESTATEMENT OF THE COMPANY’S PREVIOUSLY ISSUED FINANCIAL STATEMENTS (Tables)

12 Months Ended

Dec. 31, 2024

Restatement Of Companys Previously Issued Financial Statements

SCHEDULE OF FINITE LIVED INTANGIBLE ASSET

Intangible Asset		iTDE Technology
Cost
At December 31, 2022			3,500,127
Additions			-
Transfers			-
At December 31, 2023			3,500,127
Additions			-
Disposals			-
At December 31, 2024			3,500,127

Accumulated Amortization
At December 31, 2022			658,378
Charge for the year			149,782
At December 31, 2023			808,160
Charge for the year			149,782
At December 31, 2024			957,942

Carrying amount
At December 31, 2023			2,691,967
At December 31, 2024			2,542,185

SCHEDULE OF RESTATEMENT ADJUSTMENTS FINANCIAL STATEMENT

The following table presents the effect of the restatement adjustments on the balance sheet as of December 31, 2024:

		As Previously Reported				Adjustment Reference				Adjustment Amount				As Restated
ASSETS
Current Assets:
Cash		$	62,547				—				—			$	62,547
Investments			38,549				A				38,549				77,098
Prepaid expense and other current assets			604,368				B				(523,102	)			81,266
Total Current Assets			705,464				A+B				(484,553	)			220,911

Non-current Assets:
Property and equipment, net			7,285				—				—				7,285
Intangible asset, net			2,542,185				—				—				2,542,185
Total Non-current Assets			2,549,470				—				—				2,549,470

Total Assets		$	3,254,934				A+B			$	(484,553	)		$	2,770,381

LIABILITIES AND STOCKHOLDERS’ DEFICIT
Current Liabilities:
Accounts payable and accrued liabilities		$	3,119,281				—				(16,027	)		$	3,103,254
Other current liabilities			500,000				—				—				500,000
Convertible notes payable – related party			—				—				—				—
Loan payable			845,000				C				(845,000	)			—
Due to related party			107,445				—				—				107,445
Total Current Liabilities			4,571,726				—				(861,027	)			3,710,699

Non-current Liabilities:
Convertible notes payable			1,585,004				C				845,000				2,430,004
Total Non-current Liabilities			1,585,004				—				845,000				2,430,004

Total Liabilities			6,156,730				D				(16,027	)			6,140,703

Stockholders’ Equity (Deficit):
Preferred stock, $0.001 par value, 5,000,000 shares authorized, 40,000 shares to be issued			40				—				—				40
Preferred stocks subscription receivables			—				E				(40	)			(40	)
Common stock, $0.001 par value, 100,000,000 shares authorized; 28,546,834 issued and outstanding			28,547				—				—				28,547
Additional paid-in capital			5,396,053				—				—				5,396,053
Accumulated deficit			(8,326,436	)			—				(468,486	)			(8,794,922	)
Total Stockholders’ Equity (Deficit)			(2,901,796	)			—				(468,526	)			(3,370,322	)
Total Liabilities and Stockholders’ Equity (Deficit)		$	3,254,934				—			$	(484,553	)		$	2,770,381

Effect of Restatement on Consolidated Statements of Operations and Comprehensive Income

The following table presents the effect of the restatement adjustments on the consolidated statement of operations for the year ended December 31, 2024:

		As Previously Reported				Adjustment Reference				Adjustment Amount				As Restated
Revenues			-				-				-				-
Operating expenses
Salaries and Employee Benefits			760,954				-				-				760,954
Professional fees and contractors			732,676				D				(15,000	)			717,676
Depreciation and Amortization			155,118				-				-				155,118
Other operating Expenses			86,151				F				411,202				497,353
Total operating expenses			1,734,899				-				396,202				2,131,101
Income (loss) from operations			(1,734,899	)			-				(396,202	)			(2,131,101	)
Other expense
Interest expense			(186,700	)			-				-				(186,700	)
Other income			107,273				G				(72,284	)			34,989
Net other expense			(79,427	)			-				(72,284	)			(151,711	)
Loss before provision for income taxes			(1,814,326	)			-				(468,486	)			(2,282,812	)
Net income (loss)			(1,814,326	)			-				(468,486	)			(2,282,812	)
Net income (loss) per common share: Basic and diluted			(0.06	)							(0.02	)			(0.08	)
Weighted average number of common shares outstanding: Basic and diluted			28,546,834								0				28,546,834

Effect of Restatement on Stockholders’ Equity

The following table summarizes the effect of the restatement on each component of stockholders’ equity as of December 31, 2024:

		As Previously Reported				Adjustment Reference				Adjustment Amount				As Restated
Common Stocks			28,547				-				-				28,547
Preferred Stocks			40				-				-				40
Preferred stocks subscription receivables			-				-				(40	)			(40	)
Additional paid-in capital			5,396,053				-				-				5,396,053
Accumulated other comprehensive income (loss)			(1,814,326	)			-				(468,486	)			(2,282,812	)
Accumulated deficit			(8,326,436	)			-				(468,486	)			(8,794,922	)
Total Stockholders’ Equity (Deficit)			(2,901,796	)			-				(468,526	)			(3,370,322	)