| Segment Information |
Note 7 – Segment Information
The Company operates and manages its business
as one reportable and operating segment. The Company’s CODM reviews financial information presented and decides how to allocate
resources based on net income (loss). Net income (loss) is used for evaluating financial performance.
Significant segment expenses include research
and development, salaries, Consulting fees, professional fees, rent expense, and stock-based compensation. Other operating expenses include
all remaining costs necessary to operate our business, which primarily include other administrative expenses. The following table presents
the significant segment expenses and other segment items regularly reviewed by our CODM:
| Schedule of segment information | |
| | | |
| | |
| | |
Three Months Ended March 31, | |
| | |
2025 | | |
2024 | |
| Revenue | |
$ | 122,000 | | |
$ | 519,000 | |
| Cost of revenue | |
| (25,000 | ) | |
| (7,000 | ) |
| Gross profit | |
| 97,000 | | |
| 512,000 | |
| | |
| | | |
| | |
| Research and development | |
| (42,000 | ) | |
| (9,000 | ) |
| Salaries | |
| (117,000 | ) | |
| (76,000 | ) |
| Consulting fees | |
| (12,000 | ) | |
| (9,000 | ) |
| Professional fees | |
| (31,000 | ) | |
| (55,000 | ) |
| Rent expense | |
| (8,000 | ) | |
| (11,000 | ) |
| Travel expense | |
| (6,000 | ) | |
| (1,000 | ) |
| Stock-based compensation | |
| (90,000 | ) | |
| – | |
| Other operating expenses | |
| (19,000 | ) | |
| (18,000 | ) |
| Total operating expenses | |
| (325,000 | ) | |
| (179,000 | ) |
| Interest expense | |
| (2,000 | ) | |
| (2,000 | ) |
| Net Income (loss) | |
$ | (230,000 | ) | |
$ | 331,000 | |
| | |
| | | |
| | |
| | |
Nine Months Ended March 31, | |
| | |
2025 | | |
2024 | |
| Revenue | |
$ | 198,000 | | |
$ | 711,000 | |
| Cost of revenue | |
| (38,000 | ) | |
| (41,000 | ) |
| Gross profit | |
| 160,000 | | |
| 670,000 | |
| | |
| | | |
| | |
| Research and development | |
| (66,000 | ) | |
| (45,000 | ) |
| Salaries | |
| (352,000 | ) | |
| (269,000 | ) |
| Consulting fees | |
| (51,000 | ) | |
| (19,000 | ) |
| Professional fees | |
| (148,000 | ) | |
| (114,000 | ) |
| Rent expense | |
| (20,000 | ) | |
| (49,000 | |
| Travel expenses | |
| (18,000 | ) | |
| (43,000 | ) |
| Stock-based compensation | |
| (195,000 | ) | |
| – | |
| Other operating expenses | |
| (63,000 | ) | |
| (62,000 | ) |
| Total operating expenses | |
| (913,000 | ) | |
| (601,000 | ) |
| Gain on patent assignment | |
| 880,000 | | |
| – | |
| Interest expense | |
| (5,000 | ) | |
| (5,000 | ) |
| Net income | |
$ | 122,000 | ) | |
$ | 64,000 | |
|