| Schedule of reconciliation of consolidated segment operating income to consolidated earnings before taxes |
| | | | For the Year Ended December 31, 2024 | Technology | Telehealth | Total | | | | | Revenues: | | | | Subscription fees | $ 4,115,126 | $ - | $ 4,115,126 | Professional services and other fees | 2,108,307 | - | 2,108,307 | Technical engineering fees | 1,980,186 | - | 1,980,186 | Patient fees | - | 1,207,343 | 1,207,343 | Telehealth fees | - | 1,003,510 | 1,003,510 | Institutional fees | - | 6,880 | 6,880 | Total revenues | 8,203,619 | 2,217,733 | 10,421,352 | | | | | Cost of revenues | 2,241,096 | 1,002,676 | 3,243,772 | Segment gross margin | 5,962,523 | 1,215,057 | 7,177,580 | | | | | Less (1): | | | | Compensation and related benefits | 3,751,534 | 876,558 | 4,628,092 | General and administrative expenses | 1,854,796 | 2,397,735 | 4,252,531 | Goodwill impairment charges | | | | Transaction expenses | 93,000 | - | 93,000 | Goodwill impairment | - | 56,675,210 | 56,675,210 | Segment operating income (loss) | 263,193 | (58,734,446) | (58,471,253) | | | | | Reconciliation to income (loss) before income taxes: | | | | Unallocated corporate overhead expenses | | | (3,679,592) | Interest expense | | | (211,459) | Other income | | | 504 | Change in fair value of financial instruments | | | 6,176,097 | Loss on extinguishment of debt | | | (2,513,234) | Loss on issuance of financial instruments | | | (645,979) | Loss before benefit from (provision for) income taxes | | | ($ 59,344,916) | | | | | (1) The significant expense categories and amounts align with the segment-level information that is regularly provided to the CODM. |
| | | | For the Year Ended December 31, 2023 | Technology | Telehealth (1) | Total | | | | | Revenues: | | | | Subscription fees | $ 4,044,807 | $ - | $ 4,044,807 | Professional services and other fees | 1,063,114 | - | 1,063,114 | Technical engineering fees | 657,968 | - | 657,968 | Total revenues | 5,765,889 | - | 5,765,889 | | | | | Cost of revenues | 1,933,195 | - | 1,933,195 | Segment gross margin: | 3,832,694 | - | 3,832,694 | | | | | Less (1): | | | | Compensation and related benefits | 4,417,028 | - | 4,417,028 | General and administrative expenses | 1,202,456 | - | 1,202,456 | Transaction expenses | 86,799 | - | 86,799 | Segment operating loss | (1,873,589) | - | (1,873,589) | | | | | Reconciliation to loss before income taxes: | | | | Interest expense | | | (191,323) | Other (expense) income, net | | | (20,114) | Change in fair value of embedded derivative | | | 90,200 | Gain on forgiveness of debt | | | 107,862 | Loss before benefit from (provision for) income taxes | | | ($ 1,886,964) | | | | | (1) The Telehealth segment was first identified as a segment by the Company effective upon the close of the Business Combination in June 2024, as the Telehealth segment aligns with the legacy iDoc operating entity acquired at that time. |
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