v3.25.2
SEGMENT REPORTING
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
SEGMENT REPORTING

NOTE 11 – SEGMENT REPORTING

 

The Company reports segment information in the same way management internally organizes the business in assessing performance and making decisions regarding allocation of resources in accordance with ASC 280, “Segment Reporting”. The Company has a single reportable operating segment which operates as a single business platform. In reaching this conclusion, management considered the definition of the Chief Operating Decision Maker (“CODM”), how the business is defined by the CODM, the nature of the information provided to the CODM, how the CODM uses such information to make operating decisions, and how resources and performance are assessed. The Company has a single, common management team and our cash flows are reported and reviewed with no distinct cash flows.

 

 

In addition to the significant expense categories included within net loss presented on the Company’s consolidated statements of operations, see below for disaggregated amounts that comprise general and administrative expenses.

 

 

   June 30, 2025   June 30, 2024   June 30, 2025   June 30, 2024 
   Three months ended   Six months ended 
   June 30, 2025   June 30, 2024   June 30, 2025   June 30, 2024 
Payroll and related taxes   3,207,013    602,187    6,763,660    1,072,465 
Professional and consulting fees   (885,117)   321,367    337,557    844,992 
Legal fees   266,727    112,923    479,662    198,151 
Insurance   146,418    26,994    291,456    53,989 
Other   301,306    203,588    912,659    332,828 
Total   3,036,347    1,267,059    8,784,994    2,502,425