| Schedule of Revenue by Segment |
The following table shows the components of Revenues by reportable segment and as a percentage of total revenue for the three months ended September 30, 2025 and 2024: | | | | | | | | | | | | | | | | | | | | | | | | Mexico | Peru | | | | Corporate(1) | Total | | 2025 | | | | | | | | | | | Tuition and educational services | | $ | 271,959 | | $ | 205,691 | | | | | $ | — | | $ | 477,650 | | 119 | % | | Other | | 33,748 | | 22,471 | | | | | 39 | | 56,258 | | 14 | % | | Gross revenue | | 305,707 | | 228,162 | | | | | 39 | | 533,908 | | 133 | % | | Less: Discounts / waivers / scholarships | | (110,867) | | (22,817) | | | | | — | | (133,684) | | (33) | % | | Total | | $ | 194,840 | | $ | 205,345 | | | | | $ | 39 | | $ | 400,224 | | 100 | % | | 2024 | | | | | | | | | | | Tuition and educational services | | $ | 242,049 | | $ | 184,121 | | | | | $ | — | | $ | 426,170 | | 116 | % | | Other | | 35,284 | | 19,957 | | | | | 44 | | 55,285 | | 15 | % | | Gross revenue | | 277,333 | | 204,078 | | | | | 44 | | 481,455 | | 131 | % | | Less: Discounts / waivers / scholarships | | (94,816) | | (18,008) | | | | | — | | (112,824) | | (31) | % | | Total | | $ | 182,517 | | $ | 186,070 | | | | | $ | 44 | | $ | 368,631 | | 100 | % |
(1) Includes the elimination of inter-segment revenues.
The following table shows the components of Revenues by reportable segment and as a percentage of total revenue for the nine months ended September 30, 2025 and 2024: | | | | | | | | | | | | | | | | | | | Mexico | Peru | Corporate(1) | Total | | 2025 | | | | | | | Tuition and educational services | $ | 822,251 | | $ | 565,558 | | $ | — | | $ | 1,387,809 | | 120 | % | | Other | 100,999 | | 55,920 | | 143 | | 157,062 | | 13 | % | | Gross revenue | 923,250 | | 621,478 | | 143 | | 1,544,871 | | 133 | % | | Less: Discounts / waivers / scholarships | (321,786) | | (62,543) | | — | | (384,329) | | (33) | % | | Total | $ | 601,464 | | $ | 558,935 | | $ | 143 | | $ | 1,160,542 | | 100 | % | | 2024 | | | | | | | Tuition and educational services | $ | 803,788 | | $ | 530,013 | | $ | — | | $ | 1,333,801 | | 117 | % | | Other | 116,016 | | 51,702 | | 116 | | 167,834 | | 14 | % | | Gross revenue | 919,804 | | 581,715 | | 116 | | 1,501,635 | | 131 | % | | Less: Discounts / waivers / scholarships | (304,624) | | (53,763) | | — | | (358,387) | | (31) | % | | Total | $ | 615,180 | | $ | 527,952 | | $ | 116 | | $ | 1,143,248 | | 100 | % |
(1) Includes the elimination of inter-segment revenues.
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