Quarterly report pursuant to Section 13 or 15(d)

DISCONTINUED SEM OPERATIONS

DISCONTINUED SEM OPERATIONS

3 Months Ended

Mar. 31, 2024

Discontinued Operations and Disposal Groups [Abstract]

NOTE 15 – DISCONTINUED SEM OPERATIONS

On January 1, 2023, the Company’s board of directors, by unanimous consent, adopted a resolution to discontinue operations of the Company’s wholly owned subsidiary, SEM, LLC. For the unaudited three months ended March 31, 2024 and 2023, all operations from SEMS have been reported as 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,
	2024		2023
	(unaudited)		*
ASSETS
Property and equipment, net	$	-		54,300
Total Assets held for sale	$	-	$	54,300

LIABILITIES
Accounts payable	$	24,500		25,700
Accrued liabilities		10,000		10,000
Current portion of long-term debt		-		7,200
Total current liabilities		34,500		42,900

Long-term debt		-		-

Total liabilities held for sale	$	34,500	$	42,900

Major classes of line items constituting pretax income on discontinued operations (unaudited):

	2024		2023
	For the Three Months Ended
	March 31,
	2024		2023

Services revenue	$	-	$	-

Services costs		-		(6,400	)
General and administrative expenses		-		(4,800	)
Other income (expense)		-		(500	)
Gain on sale off assets held for sale		3,700		-
Total income (expense)		3,700		(11,700	)

Operating income (loss)		3,700		(11,700	)
Income tax benefit		-		-

Total income (loss) from discontinued operations	$	3,700	$	(11,700	)