| SCHEDULE OF ASSETS AND LIABILITIES OPERATIONS OF DISCONTINUED OPERATIONS |
The
following table presents the major classes of assets and liabilities of the discontinued operations related to the Subsidiaries:
SCHEDULE
OF ASSETS AND LIABILITIES OPERATIONS OF DISCONTINUED OPERATIONS
| | |
September 30, | | |
December 31, | |
| | |
2025 | | |
2024 | |
| Assets of discontinued operations: | |
| | | |
| | |
| Accounts receivable, net | |
$ | - | | |
$ | 419 | |
| Assets of discontinued operations, current portion | |
| - | | |
| 419 | |
| Total assets of discontinued operations | |
$ | - | | |
$ | 419 | |
| | |
| | | |
| | |
| Liabilities of discontinued operations: | |
| | | |
| | |
| Notes payable, current portion | |
$ | 2,467,432 | | |
$ | 2,467,432 | |
| Accounts payable | |
| 1,166,573 | | |
| 1,286,931 | |
| Accrued expenses | |
| 701,424 | | |
| 394,198 | |
| Lease liabilities, current portion | |
| 2,522,042 | | |
| 2,522,042 | |
| Liabilities of discontinued operations, current portion | |
| 6,857,471 | | |
| 6,670,603 | |
| Total liabilities of discontinued operations | |
$ | 6,857,471 | | |
$ | 6,670,603 | |
| | |
| | |
| | |
| | |
| |
| | |
Three Months Ended
September 30, | | |
Nine Months Ended
September 30, | |
| | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| Revenues | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | 1,371,993 | |
| Cost of revenues, excluding depreciation and amortization | |
| - | | |
| 1,193 | | |
| - | | |
| 1,413,146 | |
| Gross profit (loss) | |
| - | | |
| (1,193 | ) | |
| - | | |
| (41,153 | ) |
| Operating expenses | |
| (24,024 | ) | |
| (43,246 | ) | |
| (31,515 | ) | |
| (759,714 | ) |
| Impairment loss | |
| - | | |
| - | | |
| - | | |
| (555,628 | ) |
| Other (expenses) income, net | |
| (105,742 | ) | |
| (89,741 | ) | |
| (284,811 | ) | |
| (246,811 | ) |
| Loss from discontinued operations | |
$ | (129,766 | ) | |
$ | (134,180 | ) | |
$ | (316,326 | ) | |
$ | (1,603,306 | ) |
|
| SCHEDULE OF ACCOUNTS RECEIVABLE NET FROM DISCONTINUED OPERATIONS |
On
September 30, 2025 and December 31, 2024, accounts receivable, net included in assets from discontinued operations consisted of the following:
SCHEDULE
OF ACCOUNTS RECEIVABLE NET FROM DISCONTINUED OPERATIONS
| | |
September 30, 2025 | | |
December 31, 2024 | |
| Accounts receivable | |
$ | - | | |
$ | 419 | |
| Allowance for credit estimated losses | |
| - | | |
| - | |
| Accounts receivable, net | |
$ | - | | |
$ | 419 | |
|
| SCHEDULE OF NOTES PAYABLE INCLUDED IN LIABILITIES |
On
September 30, 2025, and December 31, 2024, notes payable included in liabilities of discontinued operations consisted of the following:
SCHEDULE
OF NOTES PAYABLE INCLUDED IN LIABILITIES
| | |
September 30, 2025 | | |
December 31, 2024 | |
| Principal amounts | |
$ | 2,467,432 | | |
$ | 2,467,432 | |
| Less: current portion of notes payable | |
| (2,467,432 | ) | |
| (2,467,432 | ) |
| Notes payable – long-term | |
$ | - | | |
$ | - | |
|
| SCHEDULE OF OPERATING LEASE LIABILITY TO ROU ASSET |
On
September 30, 2025, and December 31, 2024, operating and financing lease liabilities related to the ROU assets are included in liabilities
of discontinued operations and are summarized as follows:
SCHEDULE
OF OPERATING LEASE LIABILITY TO ROU ASSET
| | |
September 30, 2025 | | |
December 31, 2024 | |
| Lease liabilities related to office leases and revenue equipment right of use assets | |
$ | 2,522,042 | | |
$ | 2,522,042 | |
| Less: current portion of lease liabilities | |
| (2,522,042 | ) | |
| (2,522,042 | ) |
| Lease liabilities – long-term | |
$ | - | | |
$ | - | |
|