Discontinued Operations (Tables)

9 Months Ended

Sep. 30, 2025

Schedule of Loss from Discontinued Operations

Loss from discontinued operations for the nine months ended September 30, 2025 and 2024 was as follows:

	For the three months ended September 30,					For the nine months ended September 30,
	2025		2024			2025		2024
REVENUES	$	-	$	4,148,334		$	-	$	12,526,011
COST OF SALES		-		3,257,147			-		8,622,343
GROSS PROFIT		-		891,187			-		3,903,668

OPERATING EXPENSES:
General and administrative		-		1,739,015			-		5,933,253
Research and development expenses		-		655			-		3,029
Selling expenses		-		17,135			-		17,419
Allowance for (net recovery of) credit losses /doubtful accounts		-		(3,811	)				112,455
Total		-		1,752,994			-		6,066,156

OTHER INCOME (EXPENSE)
Interest income		-		13,973			-		43,886
Interest expense		-		-			-		(722	)
Other income (expense)		-		133,055			-		(212,878	)
Total		-		147,028			-		(169,714	)
Loss from discontinued operations before income tax		-		(714,779	)		-		(2,332,202	)
Income tax provision		-		-			-		-
Loss from discontinued operation before non-controlling interest		-		-			-		-
Gain on disposal of discontinued operations		-		(844	)		28,238,122		644,593
Less: net income (loss) attributable to non-controlling interests		-		(53,666	)		1,866,066		(88,120	)
INCOME (LOSS) FROM DISCONTINUED OPERATION	$	-	$	(661,957	)	$	26,372,056	$	(1,599,489	)

Schedule of Assets and Liabilities Related to Discontinued Operations

The major components of assets and liabilities related to discontinued operations are summarized below:

	September 30, 2025		December 31, 2024
Cash and cash equivalents	$	-	$	76,876
Other receivables, net		-		200,269
Advances to suppliers and other current assets, net		-		30,449
Property and equipment, net		-		134,553
Right of use assets - operation lease		-		154,810
Total assets related to discontinued operations	$	-	$	596,957

Accrued expenses and other payables	$	-	$	301,807
Amount due to related parties		-		29,036
Lease liability - operation lease		-		154,810
Total liabilities related to discontinued operations	$	-	$	485,653

- Definition

Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component.

+ References

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+ Details

Future FinTech Group Inc. 10-Q