| SCHEDULE OF SEGMENT REPORTING INFORMATION AND RECONCILIATION |
The
following table provides information about the Company’s one reportable segment and includes the reconciliation to consolidated
net loss.
SCHEDULE
OF SEGMENT REPORTING INFORMATION AND RECONCILIATION
| | |
2025 | | |
2024 | |
| | |
Year ended December 31, | |
| | |
2025 | | |
2024 | |
| Total revenues | |
$ | 9,522,109 | | |
$ | 11,420,268 | |
| Less: | |
| | | |
| | |
| Cost of revenues (excluding amortization and depreciation) | |
| 9,719,861 | | |
| 11,539,905 | |
| Consulting/payroll and other costs | |
| 3,246,972 | | |
| 2,039,777 | |
| Share based compensation expense | |
| 531,251 | | |
| 656,250 | |
| Product development costs | |
| 78,640 | | |
| 385,800 | |
| Marketing and brand development costs | |
| 4,633,182 | | |
| 2,354,809 | |
| Administrative and other | |
| 6,074,630 | | |
| 6,663,842 | |
| Interest expense, net | |
| 2,525,752 | | |
| 3,968,121 | |
| Remeasurement and loss on debt extinguishment and settlement of liability | |
| 17,051,377 | | |
| 1,422,307 | |
| Other income | |
| (14,267 | ) | |
| (6,179 | ) |
| Segment net loss | |
| (34,325,289 | ) | |
| (17,604,364 | ) |
| | |
| | | |
| | |
| Reconciliation of net loss: | |
| | | |
| | |
| Adjustments and reconciling items | |
| - | | |
| - | |
| Consolidated net loss | |
$ | (34,325,289 | ) | |
$ | (17,604,364 | ) |
|