Quarterly report [Sections 13 or 15(d)]

DISCONTINUED SEM OPERATIONS (Tables)

v3.25.2
DISCONTINUED SEM OPERATIONS (Tables)
 6 Months Ended
Jun. 30, 2025
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:

 

    June 30,     December 31,  
    2025     2024  
             
ASSETS                
Property and equipment, net   $ -     $ -  
Total Assets held for sale   $ -     $ -  
                 
LIABILITIES                
Accounts payable     24,500       24,500  
Accrued liabilities     10,000       10,000  
Current portion of long-term debt     -       -  
Total current liabilities     34,500       34,500  
                 
Long-term debt     -       -  
                 
Total liabilities held for sale   $ 34,500     $ 34,500  

 

 

Major classes of line items constituting pretax income on discontinued operations (unaudited):

 

             
    For the six months ended  
    June 30,  
    2025     2024  
             
Services revenue   $ -     $ -  
                 
Services costs     -       -  
General and administrative expenses     -       -  
Salaries and related expenses     -       -  
Other income (expense)     -       -  
Gain on sale of assets held for sale     -       3,700  
Total income (expense)     -       3,700  
                 
Operating income (loss)     -       3,700  
Income tax benefit     -       -  
                 
Total income (loss) from discontinued operations   $ -     $ 3,700