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

DISCONTINUED SEM OPERATIONS (Tables)

v3.25.1
DISCONTINUED SEM OPERATIONS (Tables)
12 Months Ended
Dec. 31, 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:

 

    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