Company: ABLV
Filing Date: 2025-09-30
Form Type: 6-K
Source: 0001213900-25-093928
Chunk: 17

Company: Able View Global Inc.
Filing Date: 2025-09-30
Form: 6-K
Chunk 17
---
 performance. In connection with the disposal of Shanghai Jingyue, the Company also agreed to purchase inventories with carrying
value of $ from Shanghai Jingyue at original cost of $. In addition, the Buyer agreed to waive the Company’s liabilities
of $ due to Shanghai Jingyue. The disposal had a net increase in the income tax expense of $, which was included in the
net income from discontinued operation.

The Company determined that the disposal of
the Shanghai Jingyue met the criteria to be classified as a discontinued operation and, as a result, Shanghai Jingyue’s
historical financial results are reflected in the Company’s condensed consolidated interim financial statements as a
discontinued operation. The disposal of Shanghai Jingyue represents a strategic shift that has a significant effect on the
Company’s financial results, which trigger discontinued operations accounting in accordance with ASC 205-20-45. The assets and
liabilities related to the discontinued operations were retroactively classified as assets and liabilities of discontinued
operations, while results of operations related to the discontinued operations, including comparatives, were reported
as loss from discontinued operations for the six months ended June 30, 2025 and 2024, respectively.

For the period from January 1, 2025 through June 27, 2025 and for the
six months ended June 30, 2024, the aggregated financial results of the discontinued operations, after intercompany elimination, are as
the following:

|                                                                    |     |   |  For the Period 
 from January 1, 
    2025 through 
        June 27, 
            2025 |   |     |   | For the Six 
      Months 
       Ended 
    June 30, 
        2024 |   |
|:-------------------------------------------------------------------|:----|:--|----------------:|:--|:----|:--|------------:|:--|
| Revenues                                                           |     | $ |         118,160 |   |     | $ |   1,484,346 |   |
| Cost of revenues                                                   |     |   |         (22,798 | ) |     |   |  (4,881,569 | ) |
| Gross profit (loss)                                                |     |   |          95,362 |   |     |   |  (3,397,223 | ) |
| Total operating expenses                                           |     |   |        (718,978 | ) |     |