| SCHEDULE OF FINANCIAL RESULTS OF INSURANCE SEGMENT |
The
following table provides the financial results of our Insurance Segment:
SCHEDULE OF FINANCIAL RESULTS OF INSURANCE SEGMENT
| | |
2025 | | |
2024 | |
| | |
Year
Ended December 31, | |
| | |
2025 | | |
2024 | |
| | |
| | |
| |
| Total revenues | |
$ | 12,430,959 | | |
$ | 14,054,361 | |
| Less: Significant and other Insurance Segment
expenses | |
| | | |
| | |
| Commission expense | |
| 4,614,690 | | |
| 4,189,599 | |
| Salaries and wages | |
| 10,308,197 | | |
| 7,226,810 | |
| General and administrative
expenses | |
| 4,910,823 | | |
| 4,219,635 | |
| Marketing and advertising
expenses | |
| 278,399 | | |
| 357,697 | |
| Change in estimated acquisition
earn-out payables | |
| - | | |
| 47,761 | |
| Depreciation and amortization | |
| 1,331,846 | | |
| 1,786,068 | |
| Asset impairments | |
| - | | |
| 3,922,110 | |
| Interest expense | |
| 991,081 | | |
| 1,442,808 | |
| Interest expense related
parties | |
| 52,193 | | |
| 140,802 | |
| Interest expense | |
| 52,193 | | |
| 140,802 | |
| Other income, net | |
| 54,898 | | |
| (51,345 | ) |
| Recognition and change
in fair value of warrant liabilities | |
| - | | |
| (156,000 | ) |
| Gain on sale of business | |
| (3,182,917 | ) | |
| | |
| Unrealized
and realized (gains) losses on digital assets, net | |
| 59,505 | | |
| - | |
| Insurance segment net
loss | |
$ | (6,987,756 | ) | |
$ | (9,071,584 | ) |
|