FOREIGN CURRENCY OPERATIONS |
12 Months Ended |
|---|---|
Dec. 31, 2025 | |
| Foreign Currency [Abstract] | |
| FOREIGN CURRENCY OPERATIONS | NOTE 6 - FOREIGN CURRENCY OPERATIONS
Universal Token operated in foreign countries, specifically, Tunisia during the years ended December 31, 2025 and 2024. As such, assets and liabilities of foreign subsidiaries are translated into United States dollars at the rate of exchange in effect at year-end. The related translation adjustments are made directly to other comprehensive income or loss. Income and expenses are translated at the average rates of exchange in effect during the year. Foreign currency gains and losses are included in the results of operations and are generally classified in other income (expense) in the Consolidated Statements of Operations. During November 2025, UHA was disposed of through a return of its stock to its original owners. As such, accumulated income through November 30, 2025 related to the conversion of Tunisian dinar into United States dollars was recognized as part of the gain on disposal of subsidiary. Accumulated other comprehensive loss was $0 and $3,409 at December 31, 2025 and 2024, respectively. Foreign currency comprehensive net income was $300 and $7,500 for the years ended December 31, 2025 and 2024, respectively.
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