SEGMENT INFORMATION AND DISAGGREGATION OF REVENUES (Tables)
|
3 Months Ended |
12 Months Ended |
Mar. 31, 2025 |
Dec. 31, 2024 |
| Segment Information And Disaggregation Of Revenues |
|
|
| SCHEDULE OF SIGNIFICANT SEGMENT EXPENSES |
The
following table summarizes the significant segment expenses:
SCHEDULE
OF SIGNIFICANT SEGMENT EXPENSES
| | |
| | | |
| | |
| | |
Three
Months Ended March 31, | |
| | |
2025 | | |
2024 | |
| Advertising | |
$ | 157,872 | | |
$ | 158,069 | |
| Payroll and Benefits | |
| 3,896,602 | | |
| 3,322,550 | |
| Occupancy | |
| 1,823,446 | | |
| 1,420,209 | |
| Depreciation and Amortization | |
| 429,910 | | |
| 363,141 | |
| Bank Service Charges and Merchant Account Fees | |
| 400,269 | | |
| 300,539 | |
| Other selling, general and administrative expenses | |
| 461,918 | | |
| 396,407 | |
| Total significant reporting segment expenses | |
$ | 7,170,017 | | |
$ | 5,960,915 | |
|
SCHEDULE
OF SIGNIFICANT SEGMENT EXPENSES
| | |
| | |
| |
| | |
For the Years Ended December 31, | |
| | |
2024 | | |
2023 | |
| Advertising | |
$ | 581,357 | | |
$ | 564,405 | |
| Payroll and Benefits | |
| 13,963,361 | | |
| 12,645,985 | |
| Occupancy | |
| 6,573,925 | | |
| 5,280,405 | |
| Depreciation and Amortization | |
| 1,576,457 | | |
| 1,431,816 | |
| Bank Service Charges and Merchant Account Fees | |
| 1,331,637 | | |
| 927,863 | |
| Other selling, general and administrative expenses | |
| 1,680,001 | | |
| 1,368,736 | |
| Goodwill impairment | |
| - | | |
| 6,104,000 | |
| Total significant reporting segment expenses | |
$ | 25,706,738 | | |
$ | 28,323,210 | |
|
| SCHEDULE OF RECONCILIATIONS OF REPORTABLE SEGMENT |
The
following table summarizes the reconciliations of reportable segment profit or loss and assets to the Company’s consolidated totals:
SCHEDULE
OF RECONCILIATIONS OF REPORTABLE SEGMENT
| |
|
|
|
|
|
|
|
|
| |
|
Three
Months Ended March 31, |
|
| |
|
2025 |
|
|
2024 |
|
| Segment
net operating income (loss) |
|
$ |
681,893 |
|
|
$ |
93,460 |
|
| Unallocated
amount |
|
|
(1,091,568 |
) |
|
|
(695,206 |
) |
| Consolidated
loss from operation |
|
$ |
(409,675 |
) |
|
$ |
(601,746 |
) |
| | |
March
31, 2025 | | |
December
31, 2024 | |
| Total reporting segment assets | |
$ | 31,878,125 | | |
$ | 30,698,054 | |
| Unallocated amount | |
| 2,207,084 | | |
| 3,414,463 | |
| Consolidated total assets | |
$ | 34,085,209 | | |
$ | 34,112,517 | |
|
The
following table summarizes the reconciliations of reportable segment profit or loss and assets to the Company’s consolidated totals:
SCHEDULE
OF RECONCILIATIONS OF REPORTABLE SEGMENT
| | |
| | |
| |
| | |
For the Years Ended December 31, | |
| | |
2024 | | |
2023 | |
| Segment net operating income (loss) | |
$ | 1,358,571 | | |
$ | (7,974,985 | ) |
| Unallocated amount | |
| (3,136,049 | ) | |
| (2,549,084 | ) |
| Consolidated loss from operation | |
$ | (1,777,478 | ) | |
$ | (10,524,069 | ) |
| | |
| | |
| |
| | |
For the Years Ended December 31, | |
| | |
2024 | | |
2023 | |
| Total reporting segment assets | |
$ | 30,698,054 | | |
$ | 28,432,560 | |
| Unallocated amount | |
| 3,414,463 | | |
| - | |
| Consolidated total assets | |
$ | 34,112,517 | | |
$ | 28,432,560 | |
|
| SCHEDULE DISAGGREGATED REVENUES |
SCHEDULE
DISAGGREGATED REVENUES
| | |
March
31, 2025 | | |
March
31, 2024 | |
| Retail Grocery | |
$ | 18,452,867 | | |
$ | 13,478,803 | |
| Food service/restaurant | |
| 1,786,799 | | |
| 2,414,995 | |
| Online/eCommerce | |
| 19,940 | | |
| 560 | |
| Total revenue | |
$ | 20,259,606 | | |
$ | 15,894,358 | |
|
SCHEDULE
DISAGGREGATED REVENUES
| | |
December 31,
2024 | | |
December 31,
2023 | |
| Retail Grocery | |
$ | 60,690,718 | | |
$ | 47,243,163 | |
| Food service/restaurant | |
| 8,679,160 | | |
| 8,440,245 | |
| Online/eCommerce | |
| 925 | | |
| 6,385 | |
| Total revenue | |
$ | 69,370,803 | | |
$ | 55,689,793 | |
|