Annual report [Section 13 and 15(d), not S-K Item 405]

DISCONTINUED SEM OPERATIONS

DISCONTINUED SEM OPERATIONS

12 Months Ended

Dec. 31, 2024

Discontinued Operations and Disposal Groups [Abstract]

NOTE 16 – 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 years ended December 31, 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

	December 31,		December 31,
	2024		2023

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:

	2024		2023
	For the years ended December 31,
	2024		2023

Services revenue	$	-	$	-

Services costs		-		-
General and administrative expenses		-		(15,900	)
Salaries and related expenses		-		-
Other income		-		175,600
Gain on sale of assets held for sale		3,700		-
Total income		3,700		159,700

Operating income		3,700		159,700
Income tax benefit		-		-

Total income from discontinued operations	$	3,700	$	159,700