| Segment Reporting |
Note 9 – Segment Reporting
The Company has two reportable operating segments:
(1) the manufacture and distribution of non-alcoholic and alcoholic brand beverages, and (2) the e-commerce sale of beverages. These operating
segments are managed separately and each segment’s major customers have different characteristics. Segment Reporting is evaluated
by our Chief Executive Officer and Chief Financial Officer.
Note: The Copa di Vino business is included in our
Splash Beverage Group segment.
| Schedule
of segment reporting information | |
| | | |
| | | |
| | | |
| | |
| | |
3 months ended | |
6 months ended |
| Revenue, net | |
June 30, 2025 | |
June 30, 2024 | |
June 30, 2025 | |
June 30, 2024 |
| Splash Beverage | |
| — | | |
| 1,023,405 | | |
| 379,260 | | |
| 2,223,687 | |
| E-Commerce | |
| — | | |
| 23,377 | | |
| 59,012 | | |
| 363,775 | |
| | |
| | | |
| | | |
| | | |
| | |
| Net Revenue | |
| — | | |
| 1,046,782 | | |
| 438,272 | | |
| 2,587,462 | |
| | |
3 months ended | |
6 months ended |
| Segment Operating loss: | |
June 30, 2025 | |
June 30, 2024 | |
June 30, 2025 | |
June 30, 2024 |
| Splash Beverage | |
| (1,377,146 | ) | |
| (3,685,962 | ) | |
| (3,139,259 | ) | |
| (6,930,901 | ) |
| E-Commerce | |
| (255,444 | ) | |
| (4,958 | ) | |
| (525,871 | ) | |
| (10,316 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Total Contribution after marketing | |
| (1,632,590 | ) | |
| (3,690,920 | ) | |
| (3,665,130 | ) | |
| (6,941,217 | ) |
| | |
3 months ended | |
6 months ended |
| Reconciliation of segment loss to corporate loss: | |
June 30, 2025 | |
June 30, 2024 | |
June 30, 2025 | |
June 30, 2024 |
| Other income/expense | |
| (0 | ) | |
| (407 | ) | |
| (1,845 | ) | |
| (1,902 | ) |
| Amortization of debt discount | |
| (674,962 | ) | |
| (1,013,816 | ) | |
| (1,653,683 | ) | |
| (1,900,654 | ) |
| Interest income and expense | |
| (625,047 | ) | |
| (621,559 | ) | |
| (1,262,392 | ) | |
| (1,153,826 | ) |
| Loss on Extinguishment of debt | |
| (5,560,482 | ) | |
| — | | |
| (5,560,482 | ) | |
| — | |
| | |
| | | |
| | | |
| | | |
| | |
| Loss from continuing operations | |
| (8,493,081 | ) | |
| (5,326,702 | ) | |
| (12,143,532 | ) | |
| (9,997,599 | ) |
| Total assets | |
June 30, 2025 | |
December 31, 2024 |
| Splash Beverage Group | |
| 22,207,726 | | |
| 2,610,207 | |
| E-Commerce | |
| 28,162 | | |
| 148,978 | |
| | |
| | | |
| | |
| Total assets | |
$ | 22,235,889 | | |
$ | 2,759,185 | |
|