| SCHEDULE OF CONSOLIDATED REVENUES AND SEGMENT LOSS |
SCHEDULE
OF CONSOLIDATED REVENUES AND SEGMENT LOSS
| | |
2025 | | |
2024 | |
| | |
For the year ended December 31, | |
| | |
2025 | | |
2024 | |
| Revenues from external customers and consolidated revenues | |
$ | 92,009,949 | | |
$ | 86,276,876 | |
| | |
| | | |
| | |
| Cost of revenues | |
| (64,173,870 | ) | |
| (61,682,934 | ) |
| Compensation costs, excluding share-based payments | |
| (10,180,474 | ) | |
| (9,730,111 | ) |
| Share-based payments | |
| (13,560,580 | ) | |
| (13,474,433 | ) |
| Marketing programs | |
| (20,800,181 | ) | |
| (18,800,142 | ) |
| Professional fees, excluding share-based payments | |
| (6,795,654 | ) | |
| (7,149,168 | ) |
| Depreciation, amortization, and impairment of intangibles | |
| (4,176,466 | ) | |
| (5,185,706 | ) |
| Other operating expenses | |
| (1,866,114 | ) | |
| (2,366,621 | ) |
| Total operating expenses, net | |
$ | (121,553,339 | ) | |
$ | (118,389,115 | ) |
| | |
| | | |
| | |
| Other expenses | |
| | | |
| | |
| Amortization of debt discount | |
| (1,113,996 | ) | |
| (1,211,974 | ) |
| Interest expense, net | |
| (2,758,218 | ) | |
| (2,843,931 | ) |
| Gain on extinguishment of debt | |
| - | | |
| 400,000 | |
| Net loss | |
$ | (33,415,604 | ) | |
$ | (35,768,144 | ) |
|