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

Note 11. Segment Reporting

 

As noted above, the Company is a provider of data content and services related to the repair, normalization and interoperability of information for healthcare providers and big data analytics for the healthcare industry.

 

The Company has determined that it currently operates in a single segment - health information technology solutions and services, located in a single geographic location – the United States. The accounting policies of the segment are the same as those described in the summary of significant accounting policies. Since the Company operates in a single segment, the measure of segment total assets and loss from operations is the same as that reported on the accompanying condensed consolidated balance sheets as total assets, and the accompanying condensed consolidated statements of operations as loss from operations, respectively.

The Company’s Chief Executive Officer is the Chief Operating Decision Maker (“CODM”). The CODM manages the Company’s business activities as a single operating and reportable segment. The CODM uses consolidated profit and loss to evaluate and measure performance against progress in its commercialization efforts and clinical trials. The following table sets forth significant segment expenses.

 

   June 30,   December 31, 
   2025   2024 
Assets:        
Cash  $340,209   $106,654 
Accounts receivable, net   412,216    372,716 
Prepaid expenses and other assets   51,075    24,008 
Goodwill   5,842,433    5,842,433 
Total Assets  $6,645,933   $6,345,811 

 

   For the Three Months Ended   For the Six Months Ended 
   June 30,   June 30, 
   2025   2024   2025   2024 
                 
Revenue  $682,632   $742,027   $1,402,931   $1,554,126 
Cost of revenue   502,215    495,701    1,085,651    1,099,166 
Gross profit   180,417    246,326    317,280    454,960 
                     
Operating expenses:                    
Legal and professional   111,339    324,409    315,318    483,554 
Salaries and wages   155,276    55,622    239,554    123,995 
General and administrative   207,329    173,442    389,932    333,014 
Total operating expenses   473,944    553,473    944,804    940,563 
                     
Other income (expense)                    
Interest expense   (1,534,454)   (30,166)   (1,676,760)   (30,369)
Loss on shares issued for legal settlement   (78,104)   
-
    (78,104)   
-
 
Total other expense   (1,612,558)   (30,166)   (1,754,864)   (30,369)
                     
Net loss  $(1,906,085)  $(337,313)  $(2,382,388)  $(515,972)