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 |
|
|