SCHEDULE OF FAIR VALUE OF ASSETS AND LIABILITIES ACQUIRED |
SCHEDULE OF FAIR VALUE OF ASSETS AND LIABILITIES ACQUIRED
Fair value of non-controlling interests | |
$ | 650,951 | |
Fair value of previously held equity investment | |
| 556,096 | |
Subtotal | |
$ | 1,207,047 | |
Recognized value of 100% of identifiable net assets | |
| (1,207,047 | ) |
Goodwill Recognized | |
$ | - | |
Recognized amounts of identifiable assets acquired and liabilities assumed (preliminary): | |
| | |
Inventories | |
$ | 516,131 | |
Cash and cash equivalents | |
| 50,346 | |
Trade and other receivables | |
| 952,384 | |
Advanced deposit | |
| 672,597 | |
Net fixed assets | |
| 6,704 | |
Trade and other payables | |
| (1,021,897 | ) |
Advanced payments | |
| (5,317 | ) |
Salaries and wages payables | |
| (4,692 | ) |
Other receivable | |
| 40,791 | |
Total identifiable net assets | |
$ | 1,207,047 | |
|
SCHEDULE OF FINANCIAL DATA |
Selected
Financial Data:
SCHEDULE
OF FINANCIAL DATA
|
|
2024 |
|
|
2023 |
|
|
|
For
the nine months ended September 30, |
|
|
|
2024 |
|
|
2023 |
|
Net
Sales |
|
|
|
|
|
|
|
|
Manufacturing
and Engineering |
|
$ |
9,341 |
|
|
$ |
59,877 |
|
Heat
Recovery Solutions |
|
|
158,830 |
|
|
|
399,136 |
|
NG
Trading |
|
|
1,185,178 |
|
|
|
4,039,470 |
|
Waste
to Energy |
|
|
590,985 |
|
|
|
779,720 |
|
Discontinued
operations |
|
|
- |
|
|
|
6,422,915 |
|
Total
Sales |
|
$ |
1,944,334 |
|
|
$ |
11,701,118 |
|
|
|
|
|
|
|
|
|
|
Segment
income and reconciliation before tax |
|
|
|
|
|
|
|
|
Manufacturing
and Engineering |
|
|
- |
|
|
|
16,528 |
|
Heat
Recovery Solutions |
|
|
96,960 |
|
|
|
148,706 |
|
LNG
Trading |
|
|
(12,575 |
) |
|
|
89,466 |
|
Waste
to Energy |
|
|
549,946 |
|
|
|
738,243 |
|
Total
Segment income |
|
|
634,331 |
|
|
|
992,943 |
|
Less:
operating expense |
|
|
3,193,447 |
|
|
|
2,463,090 |
|
Less:
other income and expenses |
|
|
998,797 |
|
|
|
1,171,511 |
|
Net
(loss) before income tax |
|
$ |
(3,557,913 |
) |
|
$ |
(2,641,658 |
) |
|
|
September
30, 2024 |
|
|
December
31, 2023 |
|
Total
Assets |
|
|
|
|
|
|
|
|
Manufacturing
and Engineering |
|
$ |
- |
|
|
$ |
2,544,786 |
|
Heat
Recovery Solutions |
|
|
3,237,319 |
|
|
|
3,099,223 |
|
Waste
to Energy |
|
|
1,063,067 |
|
|
|
486,572 |
|
LNG
Trading |
|
|
2,681,271 |
|
|
|
4,798,030 |
|
Total
Assets |
|
$ |
6,981,657 |
|
|
$ |
10,928,611 |
|
|
SCHEDULE OF REVENUE BY GEOGRAPHIC AREAS BASED ON SALES LOCATION OF OUR PRODUCTS |
The
following table represents revenue by geographic area based on the sales location of our products and solutions:
SCHEDULE
OF REVENUE BY GEOGRAPHIC AREAS BASED ON SALES LOCATION OF OUR PRODUCTS
|
|
2024 |
|
|
2023 |
|
|
|
For
the nine months ended
September
30, |
|
|
|
2024 |
|
|
2023 |
|
United
States |
|
|
752,069 |
|
|
|
1,207,760 |
|
China
include discontinued operation: $6,422,915 |
|
|
1,185,178 |
|
|
|
10,462,385 |
|
Other
international |
|
|
7,087 |
|
|
|
30,973 |
|
Total
Sales |
|
|
1,944,334 |
|
|
|
11,701,118 |
|
|