| SCHEDULE OF DISCONTINUING OPERATIONS BALANCE SHEET AND INCOME STATEMENT |
The
following table presents a reconciliation of the carrying amounts of the major classes of these assets and liabilities to the current
and long-term assets and liabilities of discontinued operations as presented on the Company’s Consolidated Balance Sheets:
SCHEDULE
OF DISCONTINUING OPERATIONS BALANCE SHEET AND INCOME STATEMENT
| | |
December 31, 2025 | | |
December 31, 2024 | |
| Assets | |
| | | |
| | |
| | |
| | | |
| | |
| Current Assets | |
| | | |
| | |
| Accounts receivable | |
$ | - | | |
$ | 3,209,070 | |
| Contract assets | |
| | | |
| 154,354 | |
| Current assets of discontinued operations | |
$ | - | | |
$ | 3,363,424 | |
| | |
| | | |
| | |
| Current Liabilities | |
| | | |
| | |
| Accounts payable | |
$ | - | | |
$ | 221,442 | |
| Accrued expenses | |
| - | | |
| 35,496 | |
| Current liabilities of
discontinued operations | |
$ | - | | |
$ | 256,938 | |
The
following table provides details about the major classes of line items constituting “Loss from discontinued operations” presented
on the Company’s Consolidated Statements of Operations:
| | |
2025 | | |
2024 | |
| | |
December 31 | |
| | |
2025 | | |
2024 | |
| | |
| | |
| |
| Revenue | |
| 1,189,915 | | |
| 9,011,081 | |
| Cost of revenues | |
| 1,215,076 | | |
| 9,419,997 | |
| General and administrative | |
| - | | |
| 978,644 | |
| Research and development | |
| - | | |
| 465,936 | |
| Loss from discontinued operations | |
| (25,161 | ) | |
| (1,853,496 | ) |
| | |
| | | |
| | |
| Other income | |
| - | | |
| 23,943 | |
| Goodwill impairment | |
| - | | |
| (751,421 | ) |
| Interest expense | |
| - | | |
| (361,450 | ) |
| Loss on sale of assets | |
| - | | |
| (3,677,500 | ) |
| Loss from discontinued operations | |
$ | (25,161 | ) | |
$ | (6,619,924 | ) |
|