|
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 |
) |
|