v3.26.1
Segment Information
12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Segment Information

Note 10 – Segment Information

 

Following the sale of its Cloud Solutions Business, which consisted of the operations of the Company’s subsidiaries, CloudFirst Technologies Corporation and CloudFirst Europe Ltd., on September 11, 2025 (see Note 3 for details), the Company operates in one reportable segment: Nexxis, Inc. The CloudFirst Technologies Corporation and CloudFirst Europe Ltd. reportable segments were removed as a result of the sale of the Cloud Solutions Business.

The Company’s segment was determined based on its internal organizational structure, the manner in which its operations are managed, and the criteria used by the Company’s CODM which is its Chief Executive Officer, to evaluate performance, which is generally the segment’s operating income or losses.

Nexxis, Inc. is a single-source solution provider that delivers fully-managed cloud-based voice over internet services, data transport, internet access, and SD-WAN solutions focused on business continuity for today’s modern business environment.

 

The following tables present certain financial information related to the Companys reportable segment and Corporate:

  

                
   For the year ended December 31, 2025
   Nexxis, Inc.  Corporate  Total
Revenue  $1,382,929   $   $1,382,929 
Cost of sales   768,605        768,605 
Gross profit   614,324        614,324 
                
Selling, general and administrative   598,797    3,583,994    4,182,791 
Depreciation and amortization   3,905    1,330    5,235 
Total operating expenses   602,702    3,585,324    4,188,026 
                
Income (loss) from operations  $11,622   $(3,585,324)  $(3,573,702

 

                
   For the year ended December 31, 2024
   Nexxis, Inc.  Corporate  Total
Revenue  $1,219,247   $   $1,219,247 
Cost of sales   691,998        691,998 
Gross profit   527,249        527,249 
                
Selling, general and administrative   619,912    3,218,831    3,838,743 
Depreciation and amortization   850    775    1,625 
Total operating expenses   620,762    3,219,606    3,840,368 
                
Loss from operations  $(93,513  $(3,219,606)  $(3,313,119