NOTE 12: DISCONTINUED OPERATIONS: Disposal Groups, Including Discontinued Operations (Tables)
|
3 Months Ended |
Mar. 31, 2026 |
|---|
| Income Statement |
|
| Disposal Groups, Including Discontinued Operations |
|
| Three Months Ended
March 31,
|
|
| 2026
|
| 2025
|
Net revenues
|
| $-
|
| $5,892,621
|
Cost of revenue
|
| -
|
| 6,292,792
|
Gross profit (loss)
|
| -
|
| (400,171)
|
|
|
|
|
|
Operating expenses:
|
|
|
|
|
Selling, general and administrative
|
| 98,511
|
| 1,616,266
|
Total operating expenses
|
| 98,511
|
| 1,616,266
|
|
|
|
|
|
Loss from discontinued operations
|
| (98,511)
|
| (2,016,437)
|
|
|
|
|
|
Other income (expense):
|
|
|
|
|
Other income
|
| 158,886
|
| 28,975
|
Total other expense, net
|
| 158,886
|
| 28,975
|
|
|
|
|
|
Provision for income taxes
|
| -
|
| -
|
Net income (loss) from discontinued operations, net of tax
|
| $60,375
|
| $(1,987,462)
|
|
|
|
|
|
Net income (loss) per common share - basic and diluted
|
| $0.01
|
| $(0.24)
|
Weighted average common shares outstanding - basic and diluted
|
| 8,655,746
|
| 8,221,066
|
|
| Balance Sheet |
|
| Disposal Groups, Including Discontinued Operations |
|
| March 31,
|
| December 31,
|
|
| 2026
|
| 2025
|
Current assets of discontinued operations:
|
|
|
|
|
Cash
|
| $82,225
|
| $84,799
|
Total current assets of discontinued operations
|
| $82,225
|
| $84,799
|
|
|
|
|
|
Current liabilities of discontinued operations:
|
|
|
|
|
Accounts payable
|
| 3,562,966
|
| 3,308,519
|
Accrued liabilities
|
| 4,266,996
|
| 4,204,496
|
Right of use liability (reclassified to current)
|
| 1,495,696
|
| 1,765,842
|
Notes payable (reclassified to current)
|
| 4,044,083
|
| 4,044,083
|
Total current liabilities of discontinued operations
|
| $13,369,741
|
| $13,322,940
|
|
| Cash Flows |
|
| Disposal Groups, Including Discontinued Operations |
|
| Three Months Ended
March 31,
|
|
| 2026
|
| 2025
|
Net cash provided by operating activities
|
| $109,750
|
| $619,962
|
Net cash used in investing activities
|
| $-
|
| $(48,163)
|
Net cash provided by (used in) financing activities
|
| $-
|
| $(25,000)
|
|