v3.25.1
Segment Information
12 Months Ended
Dec. 31, 2024
Segment Information [Abstract]  
Segment Information

Note 15 – Segment Information 

 

The Company conducts its business activities and reports financial results as one business segment. The presentation of financial results as one reportable segment is consistent with the way the Company operates its business and is consistent with the manner in which the Chief Operating Decision Maker ("CODM") evaluates performance and makes resource and operating decisions for the business. The Company’s CODM is the Chief Executive Officer. Furthermore, the Company notes that monitoring financial results as one reportable segment helps the CODM manage costs on a consolidated basis, consistent with the integrated nature of the operations. The CODM uses net loss, as reported on the Consolidated Statements of Operations and Comprehensive Loss, in evaluating performance of the Company and determining how to allocate resources of the Company as a whole. As the CODM evaluates performance on a consolidated basis, all required financial segment information is included in the consolidated financial statements.

 

Geographic Information

 

The distribution of revenue by geographical area was as follows:

 

   Years Ended
December 31,
 
   2024   2023 
United States  $63,115   $
 
United Kingdom   23,842    
 
Switzerland   2,437,159    58,465 
Total  $2,524,116   $58,465 

 

The distribution of long-lived assets by geographical area, which includes property and equipment and the Company’s right of use asset, was as follows:

 

   Years Ended
December 31,
 
   2024   2023 
United States  $5,864   $10,956 
Switzerland   176,459    198,240 
Total  $182,323   $209,196