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BASIS OF PRESENTATION AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Sep. 30, 2024
Accounting Policies [Abstract]  
SCHEDULE OF ESTIMATED USEFUL LIVES

Furniture and fixtures   3 to 5 years
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:

 

    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:

 

 

    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