DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Dec. 31, 2023

Discontinued Operations and Disposal Groups [Abstract]

SCHEDULE OF CRYPOCURRENCY MINING WITHIN DISCONTINUED OPERTAIONS

The significant items included within discontinued operations are as follows:

	Year Ended December 31
	2023			2022
Revenue - Cryptocurrency mining	$	-		$	4,108,372
Cost - Cryptocurrency mining		488,104			3,898,171
Administrative expenses		(94,284	)		1,445,272
Impairment losses on cryptocurrencies		-			1,517,172
(Gain) on sales of cryptocurrencies		-			(679,111	)
Impairment on property, equipment and software		-			1,468,014
Operating (loss) from discontinued operations		(393,820	)		(3,541,146	)
Subsidy income		-			9,195
Other (loss)		(71,984	)		(2,936,541	)
Interest income		13			111
Interest expense		-			(30,895	)
(Loss) from discontinued operations before income taxes		(465,791	)		(6,499,276	)
Income tax expense		-			-
Net (loss) from discontinued operations	$	(465,791	)	$	(6,499,276	)

TAOPING INC.

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

Assets and liabilities of discontinued operations included within the Consolidated Balance Sheets are comprised of the following:

	December 31, 2023		December 31, 2022
Cash and cash equivalents	$	-	$	8,649
Other current assets		-		37,015
Property, equipment and software, net		-		1,155,063
Right-of-use assets		-		125,538
Current assets from discontinued operations	$	-	$	1,326,265
Accounts payable		-		187,206
Accrued payroll and benefits		-		3,065
Other payables and accrued expenses		-		58,572
Lease liability		-		128,696
Current liabilities from discontinued operations	$	-	$	377,539

	Years Ended December 31,
	2023		2022			2021
Net cash provided by (used in) operating activities		106,207		(1,835,015	)		4,334,828
Net cash (used in) provided by investing activities		-		2,746,758			(8,455,550	)