Annual report pursuant to Section 13 and 15(d)

Schedule of Balance Sheets and Income Operations of Discontinued Operations (Details)

v3.22.1
Schedule of Balance Sheets and Income Operations of Discontinued Operations (Details) - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Defined Benefit Plan Disclosure [Line Items]    
Total current liabilities [1] $ 487,454
Loss before income taxes (5,112,100) 5,185,260
Income tax expense 12,940
Net (loss) income (5,112,100) 5,172,320
SRM Entertainment, LTD [Member]    
Defined Benefit Plan Disclosure [Line Items]    
Cash and cash equivalents
Accounts receivable, net 220,964
Inventory 559,737
Prepaid expenses and other current assets 261,979
Income tax receivable
Total current assets 1,042,680
Intangible assets, net 5,739,524
Total assets 6,782,204
Accounts payable 487,454
Accrued expenses and other current liabilities
Line of credit
Notes payable, current
Due to related party
Total current liabilities 487,454
Revenues, net 697,883 6,492,360
Cost of revenues 490,195 3,979,258
Gross profit 207,688 2,513,102
Selling, general and administrative 385,888 3,481,517
Operating income (178,200) (968,415)
(Loss) gain on disposal (4,933,900) 6,153,675
Total other (expense) income (4,933,900) 6,153,675
Loss before income taxes (5,112,100) 5,185,260
Income tax expense 12,940
Net (loss) income $ (5,112,100) $ 5,172,320
[1] The assets of the variable interest entities (the “VIEs”) can be used to settle obligations of the consolidated entities. Conversely, liabilities recognized as a result of consolidating these VIEs do not represent additional claims on the Company’s general assets (Note 4).