Segment Financial Information of Reportable Segments |
The CODM makes operating decisions, assesses performance and allocates resources using the entity-wide revenue and expense information reported on the Condensed Statements of Operations and the more detailed significant expense categories disclosed in the table below. The primary measure of segment profit is net income as reported on the Condensed Statements of Operations.
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3 Months Ended
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6 Months Ended
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June 30,
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June 30,
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2025
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2024
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2025
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2024
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Segment operating revenues
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$ | 5,059,542 | | |
$ | 4,933,767 | | |
$ | 9,930,955 | | |
$ | 9,742,474 | |
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Less:
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Significant segment expenses
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Data and product costs
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Employee expenses
|
| 1,393,423 | | |
| 1,380,745 | | |
| 2,891,536 | | |
| 2,841,933 | |
Data feed expenses
|
| 516,966 | | |
| 489,958 | | |
| 1,051,868 | | |
| 973,058 | |
Hosting and computer services expenses
|
| 86,527 | | |
| 69,938 | | |
| 145,241 | | |
| 109,751 | |
Other data and product costs
|
| 197,144 | | |
| 232,543 | | |
| 388,789 | | |
| 436,136 | |
Data and product costs subtotal
|
| 2,194,060 | | |
| 2,173,184 | | |
| 4,477,434 | | |
| 4,360,878 | |
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Selling, general and administrative expenses
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Employee expenses
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| 1,932,924 | | |
| 2,014,253 | | |
| 3,847,035 | | |
| 4,023,250 | |
Professional fee expenses
|
| 205,441 | | |
| 170,649 | | |
| 308,547 | | |
| 317,484 | |
Marketing expenses (1)
|
| 203,062 | | |
| 268,373 | | |
| 411,853 | | |
| 485,921 | |
Occupancy expenses (2)
|
| 113,694 | | |
| 106,366 | | |
| 224,038 | | |
| 216,304 | |
Other general and administrative expenses
|
| 172,047 | | |
| 125,692 | | |
| 312,646 | | |
| 206,060 | |
Selling, general and administrative expenses subtotal
|
| 2,627,168 | | |
| 2,685,333 | | |
| 5,104,119 | | |
| 5,249,019 | |
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Other significant segment items
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Depreciation and amortization
|
| 117,044 | | |
| 100,894 | | |
| 202,764 | | |
| 194,063 | |
Other (income), net
|
| (179,684 | ) | |
| (195,735 | ) | |
| (360,516 | ) | |
| (397,495 | ) |
Provision for income taxes
|
| 71,427 | | |
| 40,905 | | |
| 118,565 | | |
| 79,416 | |
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Segment net income
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$ | 229,527 | | |
$ | 129,186 | | |
$ | 388,589 | | |
$ | 256,593 | |
(1) Marketing expenses include
vendors, trade show conferences, and promotional materials. (2) Occupancy expenses include rent,
utilities, repairs, and office supplies.
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