Quarterly report pursuant to Section 13 or 15(d)

DISCONTINUED SEM OPERATIONS (Tables)

v3.24.3
DISCONTINUED SEM OPERATIONS (Tables)
 9 Months Ended
Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]  
SCHEDULE OF DISCONTINUED OPERATIONS

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

 

    September 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 nine months ended  
  September 30,  
    2024     2023  
             
Services revenue   $ -     $ -  
                 
Services costs     -       -  
General and administrative expenses     -       (14,700 )
Salaries and related expenses     -       -  
Other income (expense)     -       174,600  
Gain on sale of assets held for sale     3,700       -  
Total income (expense)     3,700       159,900  
                 
Operating income (loss)     3,700       159,900  
Income tax benefit     -       -  
                 
Total income (loss) from discontinued operations   $ 3,700     $ 159,900