| SCHEDULE OF DISCONTINUED OPERATIONS |
The
following table presents the assets and liabilities associated with the discontinued operations of SEM:
SCHEDULE OF DISCONTINUED OPERATIONS
| |
|
March 31, |
|
|
December 31, |
|
| |
|
2023 |
|
|
2022 |
|
| |
|
(unaudited) |
|
|
* |
|
| ASSETS |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| Property and equipment, net |
|
$ |
217,200 |
|
|
$ |
217,200 |
|
| |
|
|
|
|
|
|
|
|
| Total assets held for sale |
|
$ |
217,200 |
|
|
$ |
217,200 |
|
| |
|
|
|
|
|
|
|
|
| LIABILITIES |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
| Current Liabilities |
|
|
|
|
|
|
|
|
| Accounts payable |
|
$ |
36,100 |
|
|
$ |
40,900 |
|
| Accrued liabilities |
|
|
12,400 |
|
|
|
10,000 |
|
| Current portion of long-term debt |
|
|
25,400 |
|
|
|
25,400 |
|
| Total Current Liabilities |
|
|
73,900 |
|
|
|
76,300 |
|
| |
|
|
|
|
|
|
|
|
| Long term debt |
|
|
2,500 |
|
|
|
9,200 |
|
| Total liabilities held for sale |
|
$ |
76,400 |
|
|
$ |
85,500 |
|
Major
classes of line items constituting pretax income on discontinued operations:
| |
|
2023 |
|
|
2022 |
|
| |
|
For the three months ended |
|
| |
|
March 31, |
|
| |
|
2023 |
|
|
2022 |
|
| |
|
|
|
|
|
|
| Services revenue |
|
$ |
- |
|
|
$ |
103,900 |
|
| |
|
|
|
|
|
|
|
|
| Services costs |
|
|
(6,400 |
) |
|
|
(101,900 |
) |
| General and administrative expenses |
|
|
(4,800 |
) |
|
|
(9,900 |
) |
| Salaries and related expenses |
|
|
- |
|
|
|
(12,300 |
) |
| Other expense |
|
|
(500 |
) |
|
|
(1,100 |
) |
| Total expenses |
|
|
(11,700 |
) |
|
|
(125,200 |
) |
| |
|
|
|
|
|
|
|
|
| Operating loss |
|
|
(11,700 |
) |
|
|
(21,300 |
) |
| Income tax benefit |
|
|
- |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
| Total Loss from discontinued operations |
|
$ |
(11,700 |
) |
|
$ |
(21,300 |
) |
|