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

NOTE 17 – SEGMENT INFORMATION

 

The Company currently operates as one business segment, which is also the sole reportable segment, focusing on the manufacturing and sales of indoor golf simulators. The Company’s business offerings have similar economic and other characteristics, including the nature of products, manufacturing, types of customers, and distribution methods. The determination of a single business segment is consistent with the consolidated financial information regularly provided to the Company’s chief operating decision maker (“CODM”). The Company’s CODM is its Principal Executive and Financial Officer and Director, who reviews and evaluates consolidated profit and loss and total assets for the purpose of assessing performance, making operating decisions, allocating resources, and planning and forecasting for future periods.

 

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 consulting, contract labor, personnel, business development, royalty, and marketing expenses:

 

       
   For The Three Months Ended June 30, 
   2025   2024 
Consulting expenses  $1,023,090   $645,711 
Contract labor   (177,105)   258,971 
Personnel expenses   1,006,210    1,339,494 
Business development expenses   27,127    185,243 
Royalty expenses   138,695    223,150 
Marketing expenses   222,877    108,907 
Other expenses*   1,541,037    596,517 
Total operating expenses  $3,781,931   $3,357,993 

 

  * Other expenses is materially comprised of rent, insurance, stock-based compensation, depreciation and amortization, licenses, dues and subscriptions, travel and entertainment, and merchant fees.

 

       
   For The Six Months Ended June 30, 
   2025   2024 
Consulting expenses  $1,657,071   $1,055,815 
Contract labor   436,235    481,179 
Personnel expenses   2,953,026    2,958,881 
Business development expenses   146,737    449,087 
Royalty expenses   364,015    553,038 
Marketing expenses   557,255    220,396 
Other expenses*   2,564,847    1,636,281 
Total operating expenses  $8,679,186   $7,354,677 

 

  * Other expenses is materially comprised of rent, insurance, stock-based compensation, depreciation and amortization, licenses, dues and subscriptions, travel and entertainment, and merchant fees.