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SEGMENT REPORTING
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
SEGMENT REPORTING

NOTE 12 – SEGMENT REPORTING

 

Beginning on January 1, 2025, the Company operates in four operating and reportable segments which consist of (1) applying machine vision and AI to analyze high-speed objects and generate revenue from system installations, AI integrations, support, and consulting, herein known as the “Technologies” segment, (2) deploying Edge Data Centers for localized data processing in rural and underserved markets, herein known as the “Data Center Hosting & Related Services” segment, (3) delivering manufacturer-agnostic infrastructure sourcing, integration, and value-added supply chain services supporting data center, AI, and enterprise deployments, herein known as the “Technology Solutions” and (4) providing Asset Management Services under the AMA with New APR, managing mobile gas turbines and related assets, herein known as the “Asset Management Services” segment. The Company has determined that these reportable segments were strategic business units that offer different products and services. Currently, these reportable segments are being managed separately based on the fundamental differences in their operations.

 

The Company’s Technologies segment applies machine vision and AI to monitor and analyze high-speed objects such as trains, trucks, automobiles, and aircraft, and generates revenue through its technology systems, AI applications, ongoing technical support, and consulting services.

 

The Technology Solutions business unit, which delivers manufacturer-agnostic infrastructure sourcing, integration, and value-added supply chain services supporting data center, AI, and enterprise deployments.

 

The Company’s Data Center Hosting & Related Services segment generates revenues through the deployment of Edge Data Centers that enable faster, localized data processing in rural and underserved markets, providing scalable solutions for enterprise and government clients.

 

The Company’s Asset Management Services segment generates revenues through the AMA with New APR, whereby Duos Energy oversees the deployment and operation of a fleet of mobile gas turbines and balance-of-plant inventory, providing management, sales, and operations support to New APR.

 

Corporate and unallocated amounts that do not relate to a reportable segment have been allocated to “Corporate & Unallocated.”

 

The Company’s chief operating decision maker (“CODM”) is its Chief Executive Officer. The decisions concerning the allocation of the Company’s resources are made by the CODM with oversight by the Board of Directors. The CODM evaluates the performance of each segment and makes decisions concerning the allocation of resources based upon segment operating profit (loss), generally defined as income or loss before interest expense and income taxes. The CODM assesses segment performance by using each segment’s operating income (loss) and considers budget-to-actual variances on a periodic basis (at least quarterly) when making decisions about operational planning, including whether to invest resources into the segments or into other parts of the Company. Segment assets are reviewed by the Company’s CODM and are disclosed below. The accounting policies of the Technologies, Data Center Hosting & Related Services, and Asset Management Services segments are the same as those described in Note 1 of the Notes to Consolidated Financial Statements.

Information with respect to these reportable business segments for the years ended December 31, 2025 and 2024 was as follows:

 

At Year ended December 31, 2025

                        
   Technologies   Technology Solutions   Data Center Hosting & Related Services   Asset Management Services   Corporate and Unallocated   Consolidated 
Net revenues  $4,261,642   $349,166   $56,000   $22,356,843   $—   $27,023,651 
                               
Cost of revenues   3,371,115    320,143    157,171    15,297,513    —    19,145,942 
Operating Expenses (excluding depreciation and amortization)   10,091,441    247,481    2,783,045    —    2,437    13,124,404 
Depreciation and amortization   581,747    —    295    —    —    582,042 
Stock Compensation   —    —    —    —    3,934,141    3,934,141 
Income (loss) from operations   (9,782,661)   (218,458)   (2,884,511)   7,059,330    (3,936,578)   (9,762,878)
Interest Expense   (3,265)   —    (435,996)   —    —    (439,261)
Gain (Loss) on extinguishment of debt   —    —    (95,718)   —    —    (95,718)
Other Income   63,954    —    25,645    5,497    367,730    462,826 
Income (loss) before provision for income taxes   (9,721,972)   (218,458)   (3,390,580)   7,064,827    (3,568,848)   (9,835,031)
Provision for income taxes   —    —    —    —    —    — 
Net income (loss)  $(9,721,972)  $(218,458)  $(3,390,580)  $7,064,827   $(3,568,848)  $(9,835,031)

 

 

At Year ended December 31, 2024

                         
   Technologies   Technology Solutions   Data Center Hosting & Related Services   Asset Management Services   Corporate and Unallocated   Consolidated 
Net revenues  $6,359,323   $—   $—   $921,562   $—   $7,280,885 
                             — 
Cost of revenues   5,869,379    —    —    942,291    —    6,811,670 
Operating Expenses (excluding depreciation and amortization)   8,785,917    —    478,948    —    —    9,264,865 
Depreciation and amortization   2,161,647    —    75    —    —    2,161,722 
Stock Compensation   —    —    —    —    26,154    26,154 
Income (loss) from operations   (10,457,620)   —    (479,023)   (20,729)   (26,154)   (10,983,526)
Interest Expense   (3,865)   —    (282,249)   —    —    (286,114)
Change in fair value of warrant liabilities   —    —    —    —    245,980    245,980 
Gain (Loss) on extinguishment of warrant liabilities   —    —    —    —    379,626    379,626 
Other Income   (126,486)   —    5,628    435    —    (120,423)
Income (loss) before provision for income taxes   (10,587,971)   —    (755,644)   (20,294)   599,452    (10,764,457)
Provision for income taxes   —    —    —    —    —    — 
Net income (loss)  $(10,587,971)  $—   $(755,644)  $(20,294)  $599,452   $(10,764,457)

 

Total assets by segment on December 31, 2025 and December 31, 2024 were:

        
   December 31,
2025		   December 31,
2024		 
Technologies  $2,266,518   $11,819,377 
Technology Solutions   581,366    — 
Data Center Hosting & Related Services   28,024,994    4,131,189 
Asset Management Services   12,537,718    7,530,274 
Corporate and Unallocated   19,998,819    11,477,837 
   $63,409,415   $34,958,677 

  

All assets are located in the United States.