| REPORTABLE SEGMENTS |
NOTE 20: REPORTABLE SEGMENTS The Company’s operations are organized into four reporting segments: Owned Service Network, Managed Solutions, Transportation, and Logistics. The structure is designed to allow the Company to evaluate the performance of its different solutions offerings, provide improved service and drive future growth in a cost-efficient manner. During the current year, the Company changed its reportable segments to better align with the way management evaluates performance and allocates resources. Accordingly, the prior year segment information has been recast to conform to the current year presentation. Selected information by reportable segment is presented in the following tables: | | | | | | | | | | | | | | | | | | | | | Year ended December 31, 2024 | | | Owned Service Network | | Managed
Solutions | | Logistics | | Transportation | | Corporate | | Total | Revenues | | $ | 12,201,600 | | $ | 4,429,995 | | $ | 4,307,602 | | $ | 1,713,688 | | $ | — | | $ | 22,652,885 | Cost of revenue | | | 7,633,214 | | | 4,412,938 | | | 3,447,440 | | | 1,212,585 | | | — | | | 16,706,177 | Selling, general and administrative expenses | | | | | | | | | | | | | | | | | | | Facility costs | | | 178,416 | | | 300,686 | | | — | | | 38,512 | | | 4,483 | | | 522,097 | Insurance expenses | | | 262,063 | | | 223,046 | | | 31,508 | | | 884 | | | 354,800 | | | 872,301 | Marketing and investor relations expenses | | | 691,980 | | | 251,520 | | | — | | | 11,506 | | | 2,312,405 | | | 3,267,411 | Operational expenses | | | 653,618 | | | 420,063 | | | 541,489 | | | 540,901 | | | 2,859,007 | | | 5,015,078 | Compensation and related benefits | | | 2,554,216 | | | 2,147,486 | | | — | | | 756,406 | | | 1,884,231 | | | 7,342,339 | Travel & entertainment | | | 61,700 | | | 21,318 | | | 4,973 | | | 18,473 | | | 35,068 | | | 141,532 | Vehicle expenses | | | 206,234 | | | 167,600 | | | — | | | — | | | 202,744 | | | 576,578 | MSA Working Capital Adjustment* | | | — | | | (3,377,288) | | | — | | | — | | | — | | | (3,377,288) | Depreciation | | | 216,776 | | | — | | | — | | | 6,997 | | | 41,879 | | | 265,652 | Amortization | | | 330,750 | | | — | | | 99,553 | | | 68,118 | | | 21,308 | | | 519,729 | Total selling, general and administrative expenses | | | 5,155,753 | | | 154,431 | | | 677,523 | | | 1,441,797 | | | 7,715,925 | | | 15,145,429 | Loss on impairment | | | 2,403,628 | | | — | | | — | | | — | | | — | | | 2,403,628 | Income/(Loss) from operations | | | (3,012,874) | | | (137,374) | | | 182,639 | | | (940,694) | | | (7,715,925) | | | (11,602,349) | Other expense, net | | | — | | | — | | | — | | | — | | | (10,905,859) | | | (10,905,859) | Net loss | | $ | (2,990,995) | | $ | (137,374) | | $ | 182,639 | | $ | (940,694) | | $ | (18,621,784) | | $ | (22,508,208) | Total assets | | $ | 3,379,649 | | $ | 705,522 | | $ | 3,085,843 | | $ | 1,259,687 | | $ | 4,325,841 | | $ | 12,756,542 | Capital expenditures | | $ | 27,044 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 27,044 |
* The MSA Working Capital Adjustment reflects a timing - related adjustment to Managed Solutions revenue and expenses. In accordance with the Company's revenue recognition policy and ASC 606, the Company did not recognize solar installation revenue associated with certain Managed Services Agreements (MSAs) due to the absence of final certificates of completion as of the reporting date. The adjustment also includes total segment costs and expenses incurred in excess of recognized revenue during the reporting period. | | | | | | | | | | | | | | | | | | | | | Year ended December 31, 2023 | | | Owned Service Network | | Managed
Solutions | | Logistics | | Transportation | | Corporate | | Total | Revenues | | $ | 18,408,926 | | $ | 617,907 | | $ | — | | $ | 945,406 | | $ | — | | $ | 19,972,239 | Cost of revenue | | | 13,153,790 | | | 410,022 | | | — | | | 1,371,150 | | | — | | | 14,934,962 | Selling, general and administrative expenses | | | | | | | | | | | | | | | | | | | Facility costs | | | 278,991 | | | 29,869 | | | — | | | 22,377 | | | 51,643 | | | 382,880 | Insurance expenses | | | 382,833 | | | 21,781 | | | — | | | 832 | | | 63,399 | | | 468,845 | Marketing and investor relations expenses | | | 619,629 | | | 1,543 | | | — | | | — | | | 109,510 | | | 730,682 | Operational expenses | | | 1,371,766 | | | 31,874 | | | — | | | 377,699 | | | 80,996 | | | 1,862,335 | Compensation and related benefits | | | 3,826,062 | | | 179,784 | | | — | | | 181,565 | | | 2,371,584 | | | 6,558,995 | Travel & entertainment | | | 45,264 | | | 112 | | | — | | | 7,520 | | | 144,991 | | | 197,887 | Vehicle expenses | | | 359,049 | | | 15,240 | | | — | | | — | | | 89,639 | | | 463,928 | Depreciation | | | 187,180 | | | — | | | — | | | 29,163 | | | 42,879 | | | 259,222 | Amortization | | | 434,888 | | | 3,755 | | | — | | | 78,532 | | | — | | | 517,175 | Other | | | — | | | — | | | — | | | — | | | 878,346 | | | 878,346 | Total selling, general and administrative expenses | | | 7,505,662 | | | 283,958 | | | — | | | 697,688 | | | 3,832,987 | | | 12,320,295 | Loss on impairment | | | 181,853 | | | — | | | — | | | — | | | — | | | 181,853 | Income/(Loss) from operations | | | (2,432,379) | | | (76,073) | | | — | | | (1,123,432) | | | (3,832,987) | | | (7,464,871) | Other expense, net | | | — | | | — | | | — | | | — | | | (1,733,983) | | | (1,733,983) | Net loss | | $ | (2,432,379) | | $ | (76,073) | | $ | — | | $ | (1,123,432) | | $ | (5,566,970) | | $ | (9,198,854) | Total assets | | $ | 6,611,407 | | $ | 215,315 | | $ | — | | $ | 836,954 | | $ | 5,492,797 | | $ | 13,156,473 | Capital expenditures | | $ | 41,771 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 41,771 |
The Company’s total assets located outside the United States is approximately $1,260,000. The following table summarizes disaggregated revenue information by geographic area based upon the customer’s country of domicile: | | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2024 | | | Owned | | | | | | | | | | | | | | | | | | Service | | Managed | | | | | | | | | | | | | | | Network | | Solutions | | Logistics | | Transportation | | Corporate | | Total | United States | | $ | 12,201,600 | | $ | 4,429,995 | | $ | 4,307,602 | | $ | — | | $ | — | | $ | 20,939,197 | Other | | | — | | | — | | | — | | | 1,713,688 | | | — | | | 1,713,688 | Total | | $ | 12,201,600 | | $ | 4,429,995 | | $ | 4,307,602 | | $ | 1,713,688 | | $ | — | | $ | 22,652,885 |
| | | | | | | | | | | | | | | | | | | | | Year Ended December 31, 2023 | | | Owned | | | | | | | | | | | | | | | | | | Service | | Managed | | | | | | | | | | | | | | | Network | | Solutions | | Logistics | | Transportation | | Corporate | | Total | United States | | $ | 18,408,926 | | $ | 617,907 | | $ | — | | $ | — | | $ | — | | $ | 19,026,833 | Other | | | — | | | — | | | — | | | 945,406 | | | — | | | 945,406 | Total | | $ | 18,408,926 | | $ | 617,907 | | $ | — | | $ | 945,406 | | | — | | $ | 19,972,239 |
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