Schedule of Segments |
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 | |
|