Quarterly report pursuant to Section 13 or 15(d)

DISCONTINUED SEM OPERATIONS

DISCONTINUED SEM OPERATIONS

6 Months Ended

Jun. 30, 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 the then-current media production operations of the Company’s wholly owned subsidiary, SEM, LLC. For the unaudited six months ended June 30, 2024 and 2023, all media production operations from SEM have been reported as discontinued operations. Management intends to use the SEM entity for the delivery of biochar kilns to Biochar Now and, further, to commence SEER’s own biochar production in Texas under a joint venture license from Biochar Now.

The following table presents the assets and liabilities associated with the discontinued operations of SEM:

SCHEDULE OF DISCONTINUED OPERATIONS

	June 30,		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 six months ended
	June 30,
	2024		2023

Services revenue	$	-	$	-

Services costs		-		-
General and administrative expenses		-		(14,300	)
Salaries and related expenses		-		-
Other income (expense)		-		174,600
Gain on sale of assets held for sale		3,700		-
Total income (expense)		3,700		160,300

Operating income (loss)		3,700		160,300
Income tax benefit		-		-

Total income (loss) from discontinued operations	$	3,700	$	160,300