ACQUISITIONS (Tables)
|
9 Months Ended |
Sep. 30, 2025 |
|---|
| Business Combination [Line Items] |
|
| SCHEDULE OF ASSETS AND LIABILITIES DISCONTINUED OPERATIONS |
Details
of the assets and liabilities of discontinued operations are as follows:
SCHEDULE
OF ASSETS AND LIABILITIES DISCONTINUED OPERATIONS
| | |
September 30, 2025 | | |
December 31, 2024 | |
| Carry amounts of major classes of assets included as part of discontinued operations | |
| | | |
| | |
| Current | |
| | | |
| | |
| Prepaid expenses and other current assets | |
$ | - | | |
$ | 245,019 | |
| Inventories | |
| - | | |
| 36,482 | |
| Total current assets in discontinued operations | |
| - | | |
| 281,501 | |
| | |
| | | |
| | |
| Non-current | |
| | | |
| | |
| Intangible assets, net | |
| - | | |
| 494,114 | |
| Goodwill | |
| - | | |
| 294,941 | |
| Total long-term assets in discontinued operations | |
$ | - | | |
$ | 789,055 | |
| | |
| | | |
| | |
| Carry amounts of major classes of liabilities included as part of discontinued operations | |
| - | | |
| | |
| Current | |
| | | |
| | |
| Accounts payable and accrued liabilities | |
$ | - | | |
$ | 99,111 | |
| Total current liabilities in discontinued operations | |
| - | | |
| 99,111 | |
| | |
| | | |
| | |
| Non-current | |
| | | |
| | |
| Other liabilities | |
| - | | |
| 98,864 | |
| Long-term liabilities in discontinued operations | |
$ | - | | |
| 98,864 | |
|
| SCHEDULE OF FAIR VALUE OF THE ASSETS ACQUIRED |
The
purchase price was allocated based on the relative fair value of the assets acquired as follows:
SCHEDULE
OF FAIR VALUE OF THE ASSETS ACQUIRED
| Assets Acquired: | |
Fair Value | |
| S19J Pro Bitmain ASIC Miners | |
$ | 102,812 | |
| Natural Gas Power Plant | |
| 566,009 | |
| Power Purchase Agreement | |
| 673,769 | |
| Bitcoin Mining Facility and Infrastructure | |
| 171,116 | |
| Total assets acquired | |
$ | 1,513,706 | |
|
| SCHEDULE OF CONSIDERATION TRANSFERRED TO ACQUIRE AND IDENTIFY ASSETS ACQUIRED AND LIABILITIES ASSUMED |
The
following table summarizes the consideration transferred to acquire Bald Eagle and the amounts of identified assets acquired and liabilities
assumed at the acquisition date.
SCHEDULE
OF CONSIDERATION TRANSFERRED TO ACQUIRE AND IDENTIFY ASSETS ACQUIRED AND LIABILITIES ASSUMED
| | |
January 17, 2025 | |
| Cash consideration | |
$ | 3,550,000 | |
| Option payment | |
| 1,215,000 | |
| Purchase price | |
$ | 4,765,000 | |
| Assets acquired | |
| |
| S19J Pro Bitmain ASIC Miners | |
$ | 746,159 | |
| Natural gas power generators | |
| 1,671,586 | |
| Transformers | |
| 131,878 | |
| Data centers | |
| 609,554 | |
| Shipping containers | |
| 13,744 | |
| Standby generators | |
| 66,090 | |
| Intangible assets | |
| 66,090 | |
| Fair value of identified net assets acquired | |
$ | 3,239,012 | |
| Goodwill | |
$ | 1,525,988 | |
|
| Bald Eagle Mining [Member] |
|
| Business Combination [Line Items] |
|
| SCHEDULE OF UNAUDITED PRO FORMA INFORMATION |
The
following pro forma summary presents consolidated information of the Company as if the business combination had occurred on January 1,
2024.
SCHEDULE
OF UNAUDITED PRO FORMA INFORMATION
| | |
| | | |
| | | |
| | | |
| | |
| | |
Proforma for the three months ended September 30, | | |
Proforma for the nine months ended September 30, | |
| | |
2025 | | |
2024 | | |
2025 | | |
2024 | |
| Revenue | |
$ | 525,915 | | |
$ | 319,739 | | |
$ | 1,251,124 | | |
$ | 1,363,168 | |
| | |
| | | |
| | | |
| | | |
| | |
| Net loss | |
$ | (8,351,326 | ) | |
$ | (6,101,455 | ) | |
$ | (16,557,023 | ) | |
$ | (13,447,604 | ) |
|