What changed in this filing

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Item 1. Financial Statements

2025-05-20 compared with 2024-11-14 · 236 added, 159 removed, 399 unchanged (50% of the section changed)

1 unchanged sentence

CONSOLIDATED BALANCE SHEETS

September 30, 2024

December 31, 2023

Current assets:

2 unchanged sentences

Deposits on inventory

Accounts receivable

Accounts receivable, net

Other current assets

5 unchanged sentences

Accounts payable

Cash overdraft

Liabilities for product returns and credits

11 unchanged sentences

Total current liabilities:

Deferred tax liability

Note payable, net of current portion

16 unchanged sentences

CONSOLIDATED STATEMENTS OF OPERATIONS

Three Months Ended

September 30,

Nine Months Ended

September 30,

For the Three Months Ended

Cost of sales

9 unchanged sentences

Total other expense

( 1,336,006 )

Net loss from continuing operations

( 1,698,946 )

Loss from discontinued operations

1 unchanged sentence

$ ( 518,088 )

$ ( 899,953 ))

$ ( 205,755 )

$ ( 1,814,150 )

$ ( 929,087 )

Net loss from continuing operations per common share, basic and diluted

4 unchanged sentences

CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ DEFICIT

THE THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2024 AND 2023

THE THREE MONTHS ENDED MARCH 31, 2025 AND 2024

stockholders’

5 unchanged sentences

$ ( 24,560,997 )

Balance, June 30, 2024

( 59,931,388 )

( 22,692,882 )

Balance, September 30, 2024

$ ( 60,831,341 )

$ ( 23,592,835 )

stockholders’

2 unchanged sentences

$ ( 21,778,685 )

Balance, March 31, 2023

$ ( 59,017,191 )

$ ( 21,778,685 )

Balance, June 30, 2023

( 80,028,883 )

( 42,790,377 )

( 80,028,883 )

( 42,790,377 )

Balance, September 30, 2023

Net income (loss)

Balance, March 31, 2024

$ ( 59,535,279 )

4 unchanged sentences

CONSOLIDATED STATEMENTS OF CASH FLOWS

For the Nine Months Ended

September 30,

For the Three Months Ended

Cash flows from operating activities

1 unchanged sentence

$ ( 518,088 )

Adjustments to reconcile net loss to net cash provided (used) by operating activities:

Adjustments to reconcile net loss to net cash used by operating activities:

Loss from discontinued operations

Depreciation expense

Loss on derivative valuation

(Gain) loss on derivative valuation

Debt discount amortization

Gain on settlement of debt

Gain on forgiveness of debt

Changes in operating assets and liabilities:

1 unchanged sentence

Deposits on inventory - related party

Deposits on inventory

Accounts receivable

1 unchanged sentence

Accounts payable

Liabilities for product returns and credits

Liabilities for product returns

Accrued liabilities

Income tax liability

Accrued payroll and compensation

1 unchanged sentence

Net cash (used) provided by operating activities

Cash flows from investing activities:

Purchase of property and equipment

Net Cash used in investing activities

Cash flows from financing activities:

Bank overdraft

Repayments of loans payable

Proceeds from loans payable

Proceeds from related-party loans

Repayments of related-party loans

Net Cash provided (used) by financing activities

6 unchanged sentences

accompanying notes are an integral part of these unaudited condensed consolidated financial statements.

TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

1 — ORGANIZATION AND NATURE OF OPERATIONS

8 unchanged sentences

products, which led us to generating revenue during 2020 for the first time in several years.

Business continued to thrive in the States

and some international countries, expanding across borders and reaching new markets.

Despite challenges, The Company adapted and flourished,

driven by great brand and product categories.

This growth was not only boosted by the domestic economy but also established a global

presence, solidifying the foundation for future success.

2 — SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

6 unchanged sentences

In the opinion of our management, all adjustments, including

normal recurring adjustments necessary to present fairly our financial position, as of September 30, 2024, and the results of our operations

and cash flows for the nine months then ended have been included.

normal recurring adjustments necessary to present fairly our financial position, as of March 31, 2025, and the results of our operations

and cash flows for the three months then ended have been included.

The results of operations for the interim period are not necessarily

12 unchanged sentences

Intercompany accounts and transactions have been eliminated in consolidation.

preparing the financial statements in accordance with US GAAP, management is required to make estimates and assumptions that affect the

reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements,

and the reported amounts of revenues and expenses during the reported periods.

Actual results could differ from those estimates.

Concentrations

7 unchanged sentences

There were no cash

equivalents as of September 30, 2024 and December 31, 2023.

equivalents as of March 31, 2025 and December 31, 2024.

follow Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) 606, Revenue

9 unchanged sentences

returns and any taxes collected from customers, which are subsequently remitted to governmental authorities.

the nine months ended September 30, 2024 and 2023, we recognized revenue of $ 68,709 and $ 538,228 , respectively, related to the performance

obligations under product development service agreements with customers.

These contracts are long term in nature and revenue is recognized

at certain milestone intervals upon our delivery and customer acceptance of work product related to those milestones:

namely, product

design, packaging, branding display, and prototypes.

There were no costs to obtain the contracts identified, and therefore, no asset

has been recorded for customer acquisition costs.

We have not recognized impairment losses related to the receivables from these contracts

during the nine months ended September 30, 2024 and 2023.

the three months ended March 31, 2025 and 2024, we recognized revenue of $ 20,408

and $ 19,515 , respectively, related to the performance obligations under product development service agreements with customers.

contracts are long term in nature and revenue is recognized at certain milestone intervals upon our delivery and customer acceptance

of work product related to those milestones:

namely, product design, packaging, branding display, and prototypes.

There were no

costs to obtain the contracts identified, and therefore, no asset has been recorded for customer acquisition costs.

recognized impairment losses related to the receivables from these contracts during the three months ended March 31, 2025 and

Additionally,

we recognized revenues of $ 1,007,243 and $ 900,204 during the nine months ended September 30, 2024 and 2023, respectively, related to

the delivery of products to our customers.

Each delivery is based on the unique contract with the customer, which is a stand-alone contract

that we retain the right to accept or reject.

Upon acceptance, we oblige delivery of such product to the customer at an agreed-upon place,

time, and price.

We recognize revenue under the unique contract upon fulfillment of our performance obligations therein, typically limited

to the delivery of product.

Company also recognizes revenue from advanced royalty payments per the terms in its Manufacturing and Distribution Agreement with one

of its distributors.

The royalty to be received is calculated based on 8 % of gross sales, with an annual minimum royalty paid upfront

per calendar year for the term of the contract.

There is a non-refundable $ 350,000 Minimum Royalty for FY 2023.

The Company recognizes

the minimum royalty and corresponding expense at the time of receipt.

we recognized revenues of $ 440,408 and $ 409,876 during the three months ended March 31, 2025 and 2024, respectively, related to the delivery

of products to our customers.

Each delivery is based on the unique contract with the customer, which is a stand-alone contract that we

retain the right to accept or reject.

Upon acceptance, we oblige delivery of such product to the customer at an agreed-upon place, time,

We recognize revenue under the unique contract upon fulfilment of our performance obligations therein, typically limited to

the delivery of product.

that have been recognized but not yet received are recorded as accounts receivable.

The Company estimates credit losses based on the Current Expected Credit Losses (CECL) model as required by ASC 326.

The allowance for credit losses is based on a variety of factors, including historical loss experience, current conditions, and reasonable

and supportable forecasts of future economic conditions.

As of September 30, 2024 and December 31, 2023, the Company

has not recorded an allowance for doubtful accounts.

The Company estimates credit losses based on the

Current Expected Credit Losses (CECL) model as required by ASC 326.

The allowance for credit losses is based on a variety of factors,

including historical loss experience, current conditions, and reasonable and supportable forecasts of future economic conditions.

of March 31, 2025 and December 31, 2024, the Company has recorded an allowance for doubtful accounts of $ 0 and $ 4,839 , respectively.

in Securities

cost-method investment consists of an investment in a private digital multi-media technology company that totaled $ 300,000 at September

30, 2024 and December 31, 2023.

Because we owned less than 20 % of that company’s stock as of each date, and no significant influence

or control exists, the investment is accounted for using the cost method.

Pursuant to ASC 321, the Company also searched for observable

transactions in the investee’s stock and found none.

evaluated the investment for impairment and determined there was none during the periods presented.

cost-method investment consists of an investment in a private digital multi-media technology company that totalled $ 248,000 and $ 248,000

at March 31, 2025 and December 31, 2024, respectively.

Because we owned less than 20 % of that company’s stock as of each date,

and no significant influence or control exists, the investment is accounted for using the cost method.

Pursuant to ASC 321, the Company

also searched for observable transactions in the investee’s stock and found none.

are stated at the lower of average cost or net realizable value.

9 unchanged sentences

These deposits are carried as a separate balance sheet

component and total $ 26,373 (non-related-party) and $ 596,253 (related-party) as of September 30, 2024 and $ 26,983 (non-related-party)

and $ 224,411 (related-party) as of December 31, 2023.

component and total $ 27,408 (non-related-party) and $ 0 (related-party) as of March 31, 2025, and $ 28,803 (non-related-party) and $ 637

(related-party) as of December 31, 2024.

most of tobacco related products, the Company pays in advance for Federal Excise Taxes and State Excise Taxes prior to receiving product.

1 unchanged sentence

balances consisted of the following:

SCHEDULE OF INVENTORY

September 30,

Finished goods

17 unchanged sentences

Derivative liabilities are measured using level 3 inputs.

OF FINANCIAL ASSETS AND LIABILITIES CARRIED AT FAIR VALUED MEASURED ON RECURRING BASIS

September 30,

OF FINANCIAL ASSETS AND LIABILITIES CARRIED AT FAIR VALUE MEASURED ON RECURRING BASIS

Quoted prices

2 unchanged sentences

Derivative liabilities

Quoted prices

inputs (Level 2)

inputs (Level 3)

Derivative liabilities

loss per share is calculated by dividing net loss available to common shareholders by the weighted-average number of common shares outstanding

4 unchanged sentences

237,997,505 and 462,334,000 potentially issuable shares from the conversions of convertible debentures outstanding that were excluded

in dilutive outstanding shares for the nine months ended September 30, 2024 and 2023, respectively, due to the anti-dilutive effect these

in dilutive outstanding shares for the three months ended March 31, 2025 and 2024, respectively, due to the anti-dilutive effect these

would have on net loss per share.

4 unchanged sentences

Issued Accounting Pronouncements

Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2023-07, Segment Reporting (Topic 280):

to Reportable Segment Disclosures, in November 2023.

This update enhances segment reporting disclosures to provide investors with more

useful and transparent information about a company’s operating segments.

Public companies must now disclose significant segment

expenses that are regularly reviewed by the chief operating decision-maker (CODM).

These expenses should be reported on an itemized basis,

providing more insight into segment profitability.

Companies must provide segment disclosures in both annual and interim reports.

disclosures apply to all public entities under FASB’s segment reporting rules.

Effective for fiscal years beginning after December

15, 2023, including interim periods within those fiscal years.

The Company adopted this ASU, effective for the year ended December 31,

Refer to Note 12 for disclosure of Segment information.

Company continually assesses any new accounting pronouncements to determine their applicability.

6 unchanged sentences

as a going concern.

We had a working capital deficiency of $ 21,085,854 as of September 30, 2024, and a net loss from continuing operations

of $ 1,698,946 for the nine months ended September 30, 2024.

As of September 30, 2024, we had an accumulated deficit of $ 60,831,341 .

conditions raise substantial doubt about our ability to continue as a going concern.

We had a working capital deficiency of $ 21,968,497 , as of March 31, 2025, and a net loss from continuing operations

of $ 108,272 for the three months ended March 31, 2025.

As of March 31, 2025, we had an accumulated deficit of $ 61,799,503 .

These conditions

raise substantial doubt about our ability to continue as a going concern.

ability to continue as a going concern is dependent upon our ability to successfully accomplish our business plan and eventually attain

profitable operations.

The accompanying unaudited consolidated financial statements do not include any adjustments that may be necessary

if we are unable to continue as a going concern.

the coming year, our foreseeable cash requirements will relate to development of business operations and associated expenses.

experience a cash shortfall and be required to raise additional capital.

The accompanying consolidated financial statements do not include any adjustments that may be necessary if we

are unable to continue as a going concern.

the coming year, our foreseeable cash requirements will relate to the development of business operations and associated expenses.

may experience a cash shortfall and be required to raise additional capital.

Historically,

14 unchanged sentences

SCHEDULE OF PROPERTY AND EQUIPMENT AND ESTIMATED SERVICE LIVES

September 30,

Furniture and office equipment

1 unchanged sentence

Property and equipment, net

recorded $ 3,677 and $ 3,260 of depreciation expense during the nine months ended September 30, 2024 and 2023.

recorded $ 501 and $ 1,228 of depreciation expense during the three months ended March 31, 2025 and 2024.

5 — RELATED PARTY TRANSACTIONS

2 unchanged sentences

There were no repayments made during the periods presented.

At September 30, 2024 and December 31, 2023, the principal amount

owing on the note was $ 151,833 and $ 151,833 , respectively.

At March 31, 2025 and December 31, 2024, the principal amount owing

on the note was $ 151,833 and $ 151,833 , respectively.

No demand for payment has been made.

4 unchanged sentences

We made no payments towards the outstanding notes during the periods presented.

The principal balance owing on the notes as of September

The principal balance owing on the notes as of March

31, 2025 and December 31, 2024, was $ 72,466 and $ 72,466 , respectively.

No demand for payment has been made.

were $ 21,882 and $ 21,882 of short-term advances due to related parties as of September 30, 2024 and December 31, 2023, respectively.

have agreed to issue stock options to Iehab Hawatmeh, our president, as compensation for services provided as our chief executive officer.

The terms of his employment agreement require us to grant options to purchase 6,000 shares of our stock each year.

Hawatmeh held

outstanding options to purchase 24,000 shares of common stock as of September 30, 2024.

See Note 11–Stock Options and Warrants.

of September 30, 2024 and December 31, 2023, we owed our president a total of $ 433,379 and $ 433,379 , respectively, in unsecured advances.

were $ 19,952 and $ 21,882 of short-term advances due to related parties as of March 31, 2025 and December 31, 2024, respectively.

of March 31, 2025 and December 31, 2024, we owed our president a total of $ 433,379 and $ 433,379 , respectively, in unsecured advances.

The advances and short-term bridge loans were approved by our board of directors under a 5 % borrowing fee.

2 unchanged sentences

These amounts are included in our liabilities from discontinued operations.

the nine months ended September 30, 2024, we had a net decrease in deposits with a related-party inventory supplier totaling $ 371,842 .

The related party is an entity controlled by our chief executive officer.

All transactions were at a 2 % markup over the related-party’s

cost paid for inventory in arm’s-length transactions.

Total inventory purchases from the related party were $ 731,918 and $ 837,618

during the periods ended September 30, 2024 and December 31, 2023, respectively.

of March 31, 2025 and December 31, 2024, the Company owes the CEO $ 7,059 for short term advances to the Company.

The advances are non-interest

bearing and due on demand.

the three months ended March 31, 2025, we had a net decrease in deposits with a related-party inventory supplier totaling $ 450,558 , resulting

in a credit balance of $ 449,921 , which is disclosed as Short-term advances payable - related parties.

The related party is an entity

controlled by our chief executive officer.

All transactions were at a 2 % markup over the related-party’s cost paid for inventory

in arm’s-length transactions.

Total inventory purchases from the related party were $ 231,151 and $ 251,788 during the three months

ended March 31, 2025 and 2024, respectively.

6 — OTHER ACCRUED LIABILITIES

3 unchanged sentences

SCHEDULE OF ACCRUED LIABILITIES

September 30,

Tax liabilities

Accrued Royalty - Globrands LLC

accrued liabilities as of September 30, 2024 and December 31, 2023, include a non-interest-bearing payable totaling $ 45,000 and $ 45,000 ,

accrued liabilities as of March 31, 2025 and December 31, 2024, include a non-interest-bearing payable totaling $ 45,000 and $ 45,000 ,

respectively, that is due on demand and customer deposits totaling $ 1,634,537 and $ 1,730,213 , respectively.

1 unchanged sentence

SCHEDULE OF ACCRUED PAYROLL AND COMPENSATION LIABILITIES

September 30, 2024

December 31, 2024

42 unchanged sentences

as time barred debt.

The amounts of $ 5,164 and $ 5,164 were due as September 30, 2024 and December 31, 2023, respectively.

The amounts of $ 5,164 and $ 5,164 were due as March 31, 2025 and December 31, 2024, respectively.

engage Iehab Hawatmeh, our president and chief executive officer, through an employment agreement entered in August 2009 and amended

21 unchanged sentences

On January 1, 2020, we resumed accruing wages for our chief executive officer.

$ 222,373 and $ 345,000 was accrued during the periods ended September 30, 2024 and December 31, 2023, respectively.

also have an oral agreement with our other director that requires us to issue options to purchase 2,000 shares of our common stock each

$ 74,124 and $ 74,124 was accrued during the periods ended March 31, 2025 and December 31, 2024, respectively.

have entered into agreements requiring us to pay certain royalties for the manufacture and distribution of licensed products.

3 unchanged sentences

SCHEDULE OF NOTES PAYABLE

September 30,

Note payable to former service provider for past due account payable (current)

1 unchanged sentence

Small Business Administration loans

is $ 383,327 and $ 366,626 of accrued interest due on these notes as of September 30, 2024 and December 31, 2023, respectively.

is $ 413,830 and $ 402,906 of accrued interest due on these notes as of March 31, 2025 and December 31, 2024, respectively.

9 — CONVERTIBLE DEBENTURES

1 unchanged sentence

SCHEDULE OF CONVERTIBLE DEBENTURES

September 30,

Convertible debenture, 5 % stated interest rate, secured by all our assets, due on May 30, 2022

8 unchanged sentences

for the 20 trading days prior to conversion.

of September 30, 2024 and December 31, 2023, we had accrued interest on the convertible debentures totaling $ 2,021,639 and $ 1,921,590 ,

respectively.

of March 31, 2025 and December 31, 2024, we had accrued interest on the convertible debentures totaling $ 2,085,471 and $ 2,055,232 , respectively.

10 — DERIVATIVE LIABILITIES

7 unchanged sentences

We have estimated the fair value of these embedded derivatives for convertible debentures and associated warrants using a Monte Carlo

simulation as of September 30, 2024, using the following assumptions:

simulation as of March 31, 2025, using the following assumptions:

SCHEDULE OF DERIVATIVE LIABILITIES AT FAIR VALUE

A summary of the activity of the derivative liability for these notes is as follows:

SCHEDULE OF ACTIVITY OF THE DERIVATIVE LIABILITY

98.5 % - 137.6 %

Risk-free rates

4.07 % - 4.11 %

Remaining life

0.25 - 2.08 years

summary of the activity of the derivative liability for these notes is as follows:

OF ACTIVITY OF THE DERIVATIVE LIABILITY

Balance at December 31, 2023

2 unchanged sentences

Derivative loss due to mark to market adjustment

Balance at September 30, 2024

fair values of the derivative instruments are measured each quarter, which resulted in a loss of $ 775,157 and $ 19,238 during the nine

months ended September 30, 2024 and 2023, respectively.

As of September 30, 2024 and December 31, 2023, the fair market value of the

Balance at March 31, 2025

fair values of the derivative instruments are measured each quarter, which resulted in a gain of $ 132,234 and a loss of $ 248,454 during

the three months ended March 31, 2025 and 2024, respectively.

As of March 31, 2025 and December 31, 2024, the fair market value of the

derivatives aggregated $ 2,326,201 and $ 2,458,435 , respectively.

1 unchanged sentence

Incentive Plans

of September 30, 2024 and December 31, 2023, we had no unrecognized compensation related to outstanding options that have not yet vested

at year-end that would be recognized in subsequent periods.

of September 30, 2024 and December 31, 2023, there were 32,000 options issued and vested with a weighted average exercise price of $ 0.01

and a weighted average remaining life of 2.23 years.

Outstanding options as of September 30, 2024, consisted of:

SCHEDULE OF STOCK OPTIONS OUTSTANDING

Exercise Price

Average Exercise

Remaining Life

of March 31, 2025 and 2024, we had no unrecognized compensation related to outstanding options that have not yet vested at year-end that

would be recognized in subsequent periods.

of March 31, 2025 and December 31, 2024, there were 24,000 and 32,000 options, respectively, issued and vested with a weighted average

exercise price of $ 0.01 .

Outstanding options as of March 31, 2025, consisted of:

OF STOCK OPTIONS OUTSTANDING

Average Remaining Life

Outstanding, December 31, 2023

Outstanding, December 31, 2024

Outstanding, March 31, 2025

Exercisable, March 31, 2025

12 — SEGMENTS

Company uses ASC 280, Segment Reporting , in determining its reportable segments.

The Company has two reportable segments based

Tobacco products and all other sources of revenue.

The guidance requires that segment disclosures present the measure(s) used

by the Chief Operating Decision Maker (“CODM”) to decide how to allocate resources and for purposes of assessing such segments’

The Company’s CODM is comprised of its executive management team who use revenue and expenses of the two reporting

segments to assess the performance of the business of our reportable operating segments.

following table details revenue, operating expenses, and assets for the Company’s reportable segments for the period ended March

OF SEGMENTAL INFORMATION

product lines

Current Assets:

Deposits on inventory

Accounts receivable

Other current assets

Total current assets

Investment in securities at cost

Property and equipment, net of accumulated depreciation

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current Liabilities:

Accounts payable

Liabilities for product returns and credits

Short-term advances payable

Short-term advances payable - related parties

Short-term advances payable

Accrued liabilities

Accrued payroll and compensation expense

Accrued interest, current portion

Convertible debenture, current portion, net of discounts

Note payable, current portion

Note payable to stockholders

Derivative liability

Liabilities from discontinued operations

Total current liabilities:

Note payable, net of current portion

Convertible debenture, net of current portion, net of discount

Total liabilities

Stockholders’ Equity:

Additional paid-in capital

Accumulated deficit

( 5,502,102 )

( 56,297,401 )

( 61,799,503 )

Total stockholders’ equity

( 5,502,102 )

( 19,058,895 )

( 24,560,997 )

Total liabilities and stockholders’ deficit

following table details revenue, operating expenses, and assets for the Company’s reportable segments for the year ended December

product lines

Current Assets:

Deposits on inventory

Deposits on inventory - related party

Deposits on inventory

Accounts receivable

Other current assets

Total current assets

Investment in securities at cost

Property and equipment, net of accumulated depreciation

LIABILITIES AND STOCKHOLDERS’ EQUITY

Current Liabilities:

Accounts payable

Cash overdraft

Liabilities for product returns and credits

Short-term advances payable

Short-term advances payable - related parties

Short-term advances payable

Accrued liabilities

Accrued payroll and compensation expense

Accrued interest, current portion

Convertible debenture, current portion, net of discounts

Note payable, current portion

Note payable to stockholders

Derivative liability

Liabilities from discontinued operations

Total current liabilities:

Note payable, net of current portion

Convertible debenture, net of current portion, net of discount

Total liabilities

Stockholders’ Equity:

Additional paid-in capital

Accumulated deficit

( 5,452,146 )

( 56,191,921 )

( 61,644,067 )

Total stockholders’ equity

( 5,452,146 )

( 18,953,415 )

( 24,405,561 )

Total liabilities and stockholders’ deficit

following table details revenue, operating expenses, and assets for the Company’s reportable segments for the three months ended

March 31, 2025.

product lines

Cost of sales

Operating expenses:

Employee costs

Selling, general and administrative expenses

Total operating expenses

Loss from operations

Other income (expense):

Interest expense

Gain on forgiveness of debt

Gain on derivative valuation

Total other expense

Net loss from continuing operations

Loss from discontinued operations

$ ( 105,480 )

$ ( 155,436 )

13 — DISCONTINUED OPERATIONS

1 unchanged sentence

The assets and liabilities associated with this business

are displayed as assets and liabilities from discontinued operations as of September 30, 2024 and December 31, 2023.

Additionally, the

revenues and costs associated with this business are displayed as losses from discontinued operations.

the year ended December 31, 2023, the Company received legal representation that the judgement related to Play Beverages, LLC, (Note

7) can no longer be enforced after seven years, as a result, the Company has recognized a gain from discontinued operations of $ 18,873,932

of time barred debt previously included in liabilities from discontinued operations.

are displayed as assets and liabilities from discontinued operations as of March 31, 2025 and December 31, 2024.

Additionally, the revenues

and costs associated with this business are displayed as losses from discontinued operations.

assets and liabilities included in discontinued operations were as follows:

SCHEDULE OF DISCONTINUED OPERATIONS

September 30, 2024

OF DISCONTINUED OPERATIONS

March 31, 2025

December 31, 2024

9 unchanged sentences

Total liabilities from discontinued operations

loss from discontinued operations for the nine months ended September 30, 2024 and 2023, were comprised of the following components:

Nine Months ended September 30,

loss from discontinued operations for the three months ended March 31, 2025 and 2024, were comprised of the following components:

Three Months ended March 31,

Other expense:

1 unchanged sentence

Net loss from discontinued operations

$ ( 115,204 )

$ ( 114,784 )

14 — SUBSEQUENT EVENTS

3 unchanged sentences

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1. Financial Statements