| Schedule of Information About the Assets and Liabilities |
Set
out below is information about the assets and liabilities as at December 31, 2025 and 2024 and profit or loss from each segment for the
year ended December 31, 2025 and 2024.
| | |
December 31,
2025 | | |
December 31,
2024 | |
| Financial statement line item: | |
| | |
| |
| Reportable segment assets | |
$ | 9,531,410 | | |
$ | 9,350,230 | |
| Reportable segment liabilities | |
| 6,443,179 | | |
| 6,039,222 | |
| | |
Year
Ended
December 31, | |
| | |
2025 | | |
2024 | |
| Financial statement line item: | |
| | |
| |
| Revenues
from external customers | |
$ | 1,928,998 | | |
$ | 9,291,115 | |
| Less: | |
| | | |
| | |
| Cost
of revenue, excluding amortization | |
| 1,713,333 | | |
| 5,111,157 | |
| Technology
expenses, excluding amortization | |
| 688,942 | | |
| 1,493,310 | |
| Sales
and marketing expenses | |
| 2,295,501 | | |
| 4,945,269 | |
| Supply
development expenses | |
| 246,979 | | |
| 537,888 | |
| Fulfillment
expenses | |
| 827,501 | | |
| 1,635,724 | |
| Other
segment items (a) | |
| 4,907,202 | | |
| 5,595,383 | |
| Depreciation
& amortization expense | |
| 1,730,902 | | |
| 2,294,248 | |
| Interest
expense | |
| 1,949 | | |
| 173,771 | |
| Interest
income | |
| (3,748 | ) | |
| (44,133 | ) |
| Interest
and penalties on sales tax liability | |
| 7,969 | | |
| 46,303 | |
| Income
tax expense | |
| — | | |
| — | |
| Reportable
segment income (loss) | |
$ | (10,487,532 | ) | |
$ | (12,497,805 | ) |
| (a) | Other segment items included in reportable segment net loss consists mainly of general and administrative expenses for corporate functions, such as insurance expenses, associated software licenses, other payroll and related expenses for human resources, legal, finance and executive teams, other consulting and professional fees for corporate services rendered, other marketing expenses, franchise tax, other gains and losses, and other overhead expense. |
|