v3.25.2
Segment Information
 6 Months Ended
Jun. 30, 2025
Segment Information [Abstract]  
Segment Information

13) Segment Information

 

Expenses included in determining the segment operating results consist principally of direct selling, delivery costs and research and development expenses. Certain sales and marketing expenses, general and administrative expenses, depreciation, and amortization are not allocated to individual segments in internal management reports used by the Chief Operating Decision Makers (CODM). Accordingly, such expenses are excluded from segment operating results and are included below as “unallocated costs” and adjusted against our total income or loss from operations.

 

Additionally, management has determined that it is not practical to allocate identifiable assets by segment, since such assets are used interchangeably among the segments.

Schedule of operating segment  

 

   Three months Ended
June 30,		   Changes 
   2025   2024   Amount   % 
Software services  $2,101    663    1,438    217%
Managed services and support   1,388    2,253    (865)   (38)%
Platform services   70    68    2    2%
Revenue  $3,559   $2,984   $(574)   19%

 

   Six months Ended
June 30,		   Changes 
   2025   2024   Amount   % 
Software services  $4,266    2,235    2,031    91%
Managed services and support   2,857    4,724    (1,867)   (40)%
Platform services   140    134    6    4%
Revenue  $7,263   $7,093   $(170)   2%

 

Operating Results by Operating Segment

 

Three months ended June 30, 2025 
Particulars  Software Services   Managed Services   Platform Services   Total 
Revenue from customers  $2,101   $1,388   $70   $3,559 
Less:                    
Cost of revenue   (1,853)   (1,156)   (55)   (3,064)
Segmental gross profit   248    232    15    494 
Research and development   
-
    
-
    55    55 
Sales and marketing   364    240    12    616 
General and administrative   698    461    23    1,182 
Segmental loss   (814)   (469)   (75)   (1,359)
Interest expenses   (12)   (8)   
-
    (20)
Other income   8    5    
-
    13 
Loss before income taxes   (818)   (472)   (75)   (1,368)
Income tax   
-
    
-
    
-
    
-
 
Loss after income taxes   (818)   (472)   (75)   (1,368)
Six months ended June 30, 2025   
Particulars  Software Services   Managed Services   Platform Services   Total 
Revenue from customers  $4,266   $2,857   $140   $7,263 
Less:                    
Cost of revenue   (3,833)   (2,487)   (119)   (6,440)
Segmental gross profit   433    370    21    823 
Research and development   
-
    
-
    198    198 
Sales and marketing   581    389    19    990 
General and administrative   1,398    936    46    2,380 
Segmental loss   (1,547)   (955)   (242)   (2,745)
Interest expenses   (256)   (171)   (8)   (435)
Depreciation and amortization   
-
    
-
    (12)   (12)
Other income   73    49    2    124 
Loss before income taxes   (1,730)   (1,078)   (260)   (3,068)
Income tax   
-
    
-
    
-
    
-
 
Loss after income taxes  $(1,730)  $(1,078)  $(260)  $(3,068)

 

Three months ended June 30, 2024   
Particulars  Software Services   Managed Services   Platform Services   Total 
Revenue from customers  $663   $2,253   $68   $2,984 
Less:                  - 
Cost of revenue   (497)   (1,547)   (42)   (2,086)
Segmental gross profit   166    706    26    898 
Research and development   
-
    
-
    207    207 
Sales and marketing   140    476    14    631 
General and administrative   201    683    21    904 
Segmental loss   (175)   (453)   (216)   (844)
Interest expenses   (29)   (99)   (3)   (131)
Depreciation   
-
    
-
    (534)   (534)
Loss before income taxes   (204)   (552)   (753)   (1,509)
Income tax   (0)   (1)   (0)   (1)
Loss after income taxes  $(204)  $(551)  $(753)  $(1,510)

 

Six months ended June 30, 2024   
Particulars  Software Services   Managed Services   Platform Services   Total 
Revenue from customers  $2,235   $4,724   $134   $7,093 
Less:                  - 
Cost of revenue   (2,103)   (2,980)   (98)   (5,181)
Segmental gross profit   132    1,744    36    1,912 
Research and development   
-
    
-
    334    334 
Sales and marketing   477    1,008    29    1,514 
General and administrative   655    1,385    39    2,080 
Segmental loss   (1,000)   (650)   (366)   (2,016)
Interest expenses   (88)   (186)   (5)   (280)
Depreciation   
-
    
-
    (1,070)   (1,070)
Other income   
-
    
-
    
-
    
-
 
Loss before income taxes   (1,088)   (836)   (1,441)   (3,366)
Income tax   (2)   (4)   (0)   (6)
Loss after income taxes  $(1,086)  $(832)  $(1,441)  $(3,372)

Revenue from top 5 customers

 

Three Months Ended June 30, 2025

 

Schedule of concentration  

 

Customer  Amount   % of
Revenue		 
Customer 1  $707    20%
Customer 2   668    19%
Customer 3   337    9%
Customer 4   245    7%
Customer 5  $112    3%

 

Six Months Ended June 30, 2025

 

Schedule of concentration

 

Customer  Amount   % of
Revenue		 
Customer 1  $1,466    20%
Customer 2   1,327    18%
Customer 3   603    8%
Customer 4   429    6%
Customer 5  $345    5%

 

Three Months Ended June 30, 2024

 

Schedule of concentration

 

Customer  Amount   % of
Revenue		 
Customer 1  $925    31%
Customer 2   486    16%
Customer 3   221    7%
Customer 4   215    7%
Customer 5  $193    7%

 

Six Months Ended June 30, 2024

 

Schedule of concentration

 

Customer  Amoun   % of
Revenue		 
Customer 1  $1,645    23%
Customer 2   962    14%
Customer 3   851    12%
Customer 4   710    10%
Customer 5  $547    8%