| REPORTABLE SEGMENTS |
NOTE 16: REPORTABLE SEGMENTS The Company’s operations are organized into four reporting segments: Owned Service Network, Managed Solutions, Logistics and Transportation. The structure is designed to allow the Company to evaluate the performance of its different solutions offerings, provide improved service and drive future growth in a cost-efficient manner. Selected information by reportable segment is presented in the following tables: | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, 2025 | | | Owned
Service
Network | | Managed
Solutions | | Logistics | | Transportation | | Corporate | | Total | Revenues | | $ | 4,247,541 | | $ | 1,756,368 | | $ | 2,537,430 | | $ | 447,004 | | $ | — | | $ | 8,988,343 | Cost of revenue | | | 2,229,825 | | | 1,341,191 | | | 2,009,534 | | | 394,060 | | | — | | | 5,974,610 | Selling, general and administrative expenses | | | | | | | | | | | | | | | | | | | Facility costs | | | 35,841 | | | 101,033 | | | — | | | 13,554 | | | — | | | 150,428 | Insurance expenses | | | 40,419 | | | 22,730 | | | 13,695 | | | 198 | | | 99,920 | | | 176,962 | Marketing expenses | | | 1,452,102 | | | 74,784 | | | — | | | 1,167 | | | 537,044 | | | 2,065,097 | Operational expenses | | | 493,218 | | | (538,229) | | | 321,537 | | | 71,885 | | | 1,357,011 | | | 1,705,422 | Compensation and related benefits | | | 865,261 | | | 659,299 | | | — | | | 48,446 | | | 240,185 | | | 1,813,191 | Travel & entertainment | | | 29,050 | | | 3,244 | | | 8,450 | | | 4,572 | | | 54,926 | | | 100,242 | Vehicle expenses | | | 66,150 | | | 99,979 | | | — | | | — | | | — | | | 166,129 | Depreciation | | | 53,335 | | | — | | | — | | | 2,037 | | | — | | | 55,372 | Amortization | | | 34,335 | | | — | | | 9,335 | | | 10,341 | | | 322 | | | 54,333 | Total selling, general and administrative expenses | | | 3,069,711 | | | 422,840 | | | 353,017 | | | 152,200 | | | 2,289,408 | | | 6,287,176 | (Loss) income from operations | | | (1,051,995) | | | (7,663) | | | 174,879 | | | (99,256) | | | (2,289,408) | | | (3,273,443) | Other expense, net | | $ | (55,905) | | $ | — | | $ | — | | $ | — | | $ | (3,647,991) | | $ | (3,703,896) | Net loss | | $ | (1,107,900) | | $ | (7,663) | | $ | 174,879 | | $ | (99,256) | | $ | (5,937,399) | | $ | (6,977,339) | Total assets | | $ | 4,503,230 | | $ | — | | $ | 3,195,017 | | $ | 1,731,343 | | $ | 3,325,071 | | $ | 12,754,661 |
| | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, 2024 | | | Owned
Service
Network | | Managed
Solutions | | Logistics | | Transportation | | Corporate | | Total | Revenues | | $ | 3,761,118 | | $ | 1,309,716 | | $ | — | | $ | 303,073 | | $ | — | | $ | 5,373,907 | Cost of revenue | | | 2,512,790 | | | 887,598 | | | — | | | 369,998 | | | — | | | 3,770,386 | Selling, general and administrative expenses | | | | | | | | | | | | | | | | | | | Facility costs | | | 57,424 | | | 69,486 | | | — | | | 6,061 | | | (20,395) | | | 112,576 | Insurance expenses | | | 61,526 | | | 57,361 | | | — | | | 206 | | | 55,907 | | | 175,000 | Marketing expenses | | | 84,313 | | | 8,153 | | | — | | | 1,938 | | | 17,813 | | | 112,217 | Operational expenses | | | 72,096 | | | 110,971 | | | — | | | 92,268 | | | 494,351 | | | 769,686 | Compensation and related benefits | | | 1,043,125 | | | 135,813 | | | — | | | 8,465 | | | 314,067 | | | 1,501,470 | Travel & entertainment | | | 8,251 | | | 1,414 | | | — | | | 3,791 | | | 18,797 | | | 32,253 | Vehicle expenses | | | 56,967 | | | 28,094 | | | — | | | — | | | 52,648 | | | 137,709 | Depreciation | | | 45,726 | | | 10,831 | | | — | | | 1,812 | | | — | | | 58,369 | Amortization | | | 88,581 | | | — | | | — | | | 22,996 | | | 7,302 | | | 118,879 | Total selling, general and administrative expenses | | | 1,518,009 | | | 422,123 | | | — | | | 137,537 | | | 940,490 | | | 3,018,159 | Loss from operations | | | (269,681) | | | (5) | | | — | | | (204,462) | | | (940,490) | | | (1,414,638) | Other expense, net | | | — | | | — | | | — | | | — | | | (1,188,735) | | | (1,188,735) | Net loss | | $ | (269,681) | | $ | (5) | | $ | — | | $ | (204,462) | | $ | (2,129,225) | | $ | (2,603,373) | Total assets | | $ | 5,635,209 | | $ | 535,976 | | $ | — | | $ | 983,864 | | $ | 6,641,495 | | $ | 13,796,544 | Capital expenditures | | $ | 6,569 | | $ | — | | $ | — | | $ | — | | $ | — | | $ | 6,569 |
As of March 31, 2025 and December 31, 2024 the Company’s total assets located outside the United States were approximately $1,731,000 and $1,260,000, respectively. For the three months ended March 31, 2025, one customer represented more than 10% of total company revenue and for the three months ended March 31, 2024, no single customer represented more than 10% of total company revenue. The following tables summarize disaggregated revenue information by geographic area based upon the customer’s country of domicile: | | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, 2025 | | | Owned
Service
Network | | Managed
Solutions | | Logistics | | Transportation | | Corporate | | Total | United States | | $ | 3,960,558 | | $ | 1,756,368 | | $ | 2,537,430 | | $ | — | | $ | — | | $ | 8,254,356 | Other | | | 286,983 | | | — | | | — | | $ | 447,004 | | | — | | $ | 733,987 | Total | | $ | 4,247,541 | | $ | 1,756,368 | | $ | 2,537,430 | | $ | 447,004 | | $ | — | | $ | 8,988,343 |
| | | | | | | | | | | | | | | | | | | | | Three Months Ended March 31, 2024 | | | Owned
Service
Network | | Managed
Solutions | | Logistics | | Transportation | | Corporate | | Total | United States | | $ | 3,761,118 | | $ | 1,309,716 | | $ | — | | $ | 22,310 | | $ | — | | $ | 5,093,144 | Other | | | — | | | — | | | — | | | 280,763 | | | — | | | 280,763 | Total | | $ | 3,761,118 | | $ | 1,309,716 | | $ | — | | $ | 303,073 | | | — | | $ | 5,373,907 |
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