| SCHEDULE OF DISCONTINUED OPERATIONS |
The
following table presents the assets and liabilities associated with the discontinued operations of SEM:
SCHEDULE OF DISCONTINUED OPERATIONS
| |
|
September 30, |
|
|
December 31, |
|
| |
|
2023 |
|
|
2022 |
|
| |
|
(unaudited) |
|
|
|
|
| ASSETS |
|
|
|
|
|
|
|
|
| Property and equipment, net |
|
$ |
54,300 |
|
|
|
217,200 |
|
| Total Assets held for sale |
|
$ |
54,300 |
|
|
$ |
217,200 |
|
| |
|
|
|
|
|
|
|
|
| LIABILITIES |
|
|
|
|
|
|
|
|
| Accounts payable |
|
$ |
29,800 |
|
|
|
40,900 |
|
| Accrued liabilities |
|
|
10,000 |
|
|
|
10,000 |
|
| Current portion of long-term debt |
|
|
14,200 |
|
|
|
34,600 |
|
| Total current liabilities |
|
|
54,000 |
|
|
|
85,500 |
|
| |
|
|
|
|
|
|
|
|
| Total liabilities held for sale |
|
$ |
54,000 |
|
|
$ |
85,500 |
|
Major
classes of line items constituting pretax income on discontinued operations:
| |
|
2023 |
|
|
2022 |
|
| |
|
For
the Nine Months ended |
|
| |
|
September
30, |
|
| |
|
2023 |
|
|
2022 |
|
| |
|
|
|
|
|
|
| Services
revenue |
|
$ |
- |
|
|
$ |
120,400 |
|
| |
|
|
|
|
|
|
|
|
| Services
costs |
|
|
- |
|
|
|
(275,100 |
) |
| General
and administrative expenses |
|
|
(14,700 |
) |
|
|
(56,800 |
) |
| Salaries
and related expenses |
|
|
- |
|
|
|
(38,400 |
) |
| Other
income (expense) |
|
|
174,600 |
|
|
|
(3,200 |
) |
| Total
income (expense) |
|
|
159,900 |
|
|
|
(373,500 |
) |
| |
|
|
|
|
|
|
|
|
| Operating
income (loss) |
|
|
159,900 |
|
|
|
(253,100 |
) |
| Income
tax benefit |
|
|
- |
|
|
|
- |
|
| |
|
|
|
|
|
|
|
|
| Total
income (loss) from discontinued operations |
|
$ |
159,900 |
|
|
$ |
(253,100 |
) |
|