v3.25.1
Segments and Disaggregated Revenue
 3 Months Ended
Mar. 31, 2025
Segments and Disaggregated Revenue [Abstract]  
Segments and Disaggregated Revenue
12. Segments and Disaggregated Revenue

  

The Company’s Chief Operating Decision Maker (“CODM”) as defined under GAAP, who is the Company’s Chief Financial Officer and Chief Executive Officer, has determined that the Company is currently organized its operations into the segments as follows. We have organized our operations into three segments: Construction, Medical, Development and Environmental. We allocate to segment results the operating expenses “Payroll and related expenses,” “General and administrative,” “Marketing and business development,” and “Pre-project” based on usage, which is generally reflected in the segment in which the costs are incurred. These segments reflect the way our executive team evaluates the Company’s business performance and manages its operations. The Construction segment includes the Company’s manufacturing unit SG ECHO and other modules projects. The Medical segment mainly consists of minimal expenses for this segment. The Environmental segment has had no activity through December 31, 2024. Corporate and support consists of general corporate expenses such as our executive office; the corporate finance, accounting, audit, tax, human resources, risk management, information technology, marketing, and legal groups; corporate overhead and other items not allocated to any of the Company’s segments. From time to time, the Company revises the measurement of each segment’s cost of revenue and operating expenses, including any corporate overhead allocations, as determined by the information regularly reviewed by its executive team. The CODM continually reviews a monthly statement of operations separated by segment, along with an analysis of the significant segment expenses as described below. Information for the Company’s segments, as well as for Corporate and support, is provided in the following table:       

 

   Construction   Medical   Corporate
and support		   Oil and
Gas		   Consolidated 
Three Months Ended March 31, 2025                    
Revenue  $496,079   $
—
   $
—
    70,275   $566,354 
                          
Significant segment expenses:                         
  Costs of revenue:                         
    Direct labor   188,093    
—
    
—
    
—
    188,093 
    Materials   144,874    
—
    
—
    
—
    144,874 
    Allocated overhead   480,348    
—
    
—
    
—
    430,348 
    Other costs of revenue   41,151    
—
    
—
    35,643    76,794 
    854,466    
—
    
—
    35,643    890,109 
Operating expenses:                         
  Payroll and related   
—
    
—
    439,869    115,869    555,738 
  Professional fees   
—
    
—
    602,642    
—
    602,642 
  Other expenses   1,066    827    140,285    207,669    349,847 
    1,066    827    1,182,796    323,538    1,508,227 
Operating loss   (359,453)   (827)   (1,182,796)   (288,906)   (1,831,982)
Other expense   (150,375)   
—
    (712,557)   (51,754)   (914,686)
Net loss  $(509,828)  $(827)  $(1,895,353)  $(340,660)  $(2,746,668)
                          
Total assets  $4,701,547   $1,406   $456,097    44,006,177   $49,165,227 
Depreciation and amortization  $46,861   $
—
   $620    45,913   $93,394 
   Construction   Medical   Corporate
and support		   Oil and
Gas		   Consolidated 
Three Months Ended March 31, 2024                    
Revenue  $968,115   $
—
   $
—
    
—
   $968,115 
                          
Significant segment expenses:                         
  Costs of revenue:                         
    Direct labor   599,189    
—
    
—
    
—
    599,189 
    Materials   28,051    
—
    
—
    
—
    28,051 
    Allocated overhead   445,988    
—
    
—
    
—
    445,988 
    Other costs of revenue   (428,245)   
—
    
—
    
—
    (428,245 
    644,983    
—
    
—
    
—
    644,983 
Operating expenses:                         
  Payroll and related   
—
    
—
    1,251,982    
—
    1,251,982 
  Professional fees   
—
    
—
    475,239    
—
    475,239 
  Other expenses   533    35,884    90,077    
—
    126,494 
    533    35,884    1,817,298    
—
    1,853,715 
Operating loss   322,599    (35,884)   (1,817,298)   
—
    (1,530,583)
Other (expense) income   (49,953)   
—
    (3,902,024)   
—
    (3,951,977)
Loss before income taxes   272,646    (35,884)   (5,719,322)   
—
    (5,482,560)
Common stock deemed dividend   
—
    
—
    (1,638,149)   
—
    (1,638,149)
Income from discontinued operations   
—
    
—
    2,684,678    
—
    2,684,678 
Net loss attributable to common stockholders  $272,646   $(35,884)  $(4,672,793)   
—
   $(4,436,031)
                          
Total assets   5,415,394    51,481    7,145,663    
—
    12,612,538 
Depreciation and amortization  $74,707   $
—
   $1,680    
—
   $76,387