| Schedule of Operating Segment |
The following table presents the significant revenue and expense categories of the Company’s single operating segment:
| | |
For the Three Months Ended | | |
For the Nine Months Ended | |
| | |
September 30,
2025 | | |
September 30,
2024 | | |
September 30,
2025 | | |
September 30,
2024 | |
| | |
(Unaudited) | | |
(Unaudited) | | |
(Unaudited) | | |
(Unaudited) | |
| Revenues | |
$ | 72,377 | | |
$ | 3,052,727 | | |
$ | 1,663,205 | | |
$ | 8,662,414 | |
| Less: | |
| | | |
| | | |
| | | |
| | |
| Cost of revenues | |
| 71,951 | | |
| 2,824,614 | | |
| 1,458,521 | | |
| 7,669,764 | |
| Operating expenses: | |
| | | |
| | | |
| | | |
| | |
| Salary and benefits expenses | |
| 257,347 | | |
| 473,629 | | |
| 928,898 | | |
| 1,449,580 | |
| Professional fees | |
| 459,614 | | |
| 552,696 | | |
| 1,219,820 | | |
| 1,484,835 | |
| Stock-based compensation | |
| 84,146 | | |
| 848,075 | | |
| 230,039 | | |
| 1,215,880 | |
| Other selling, general and administrative | |
| 404,043 | | |
| 312,553 | | |
| 1,165,129 | | |
| 1,064,192 | |
| Provision for credit losses | |
| 126,824 | | |
| 36,597 | | |
| 306,091 | | |
| 60,988 | |
| Other expenses (income): | |
| | | |
| | | |
| | | |
| | |
| Interest expense, net | |
| 595,156 | | |
| 738,468 | | |
| 2,098,499 | | |
| 1,527,443 | |
| Non cash finance expense | |
| 200,000 | | |
| - | | |
| 200,000 | | |
| 1,000,000 | |
| Loss on loan extinguishment | |
| 90,062 | | |
| 15,131 | | |
| 50,062 | | |
| 15,131 | |
| Other segment (income) expense | |
| (9,936 | ) | |
| 1,300 | | |
| 2,024 | | |
| (2,438 | ) |
| Income taxes | |
| - | | |
| - | | |
| 1,700 | | |
| 2,500 | |
| Net loss | |
$ | (2,206,830 | ) | |
$ | (2,750,336 | ) | |
$ | (5,997,578 | ) | |
$ | (6,825,461 | ) |
|