| Segment Reporting |
Note 11 – Segment Reporting
We have two reportable operating segments: (1) the
manufacture and distribution of non-alcoholic and alcoholic beverages, and (2) the retail sale of beverages and groceries online. These
operating segments are managed separately and each segment’s major customers have different characteristics. Segment Reporting is
evaluated by our chief operating decision maker, which continues to be our chief executive officer.
| Schedule
of segment reporting information |
|
|
|
|
|
|
|
|
| Revenue |
|
For the Year Ended, December 31,
2025 |
|
For the Year Ended, December 31,
2024 |
| Splash Beverage |
|
|
14,054 |
|
|
|
155,123 |
|
| E-Commerce |
|
|
59,012 |
|
|
|
646,150 |
|
| |
|
|
|
|
|
|
|
|
| Total Revenues, |
|
$ |
73,066 |
|
|
$ |
801,273 |
|
| Segment
operating loss: | |
2025 | |
2024 |
| Splash
Beverage | |
| (13,183,573 | ) | |
| (8,555,258 | ) |
| E-Commerce | |
| (1,002,647 | ) | |
| (345,182 | ) |
| | |
| | | |
| | |
| Total
segment operating loss | |
$ | (14,186,220 | ) | |
$ | (9,900,440 | ) |
| Reconciliation of segment loss to corporate loss: | |
2025 | |
2024 |
| Other income/expense | |
$ | 234,996 | | |
$ | (871 | ) |
| Amortization of debt discount | |
| (1,844,694 | ) | |
| (3,677,143 | ) |
| Interest income & expense | |
| (2,523,260 | ) | |
| (3,700,620 | ) |
| Loss on Extinguishment of debt | |
| (5,560,482 | ) | |
| — | |
| Loss on inventory write off | |
| (449,205 | ) | |
| — | |
| Change in FV of Derivative | |
| (20,406 | ) | |
| | |
| Legal reserve | |
| — | | |
| (330,000 | ) |
| | |
| | | |
| | |
| Loss before income tax | |
$ | (24,349,271 | ) | |
$ | (17,609,074 | ) |
| Total Assets | |
December 31, 2025 | |
December 31, 2024 |
| Splash Beverage Group | |
$ | 938,652 | | |
$ | 1,554,935 | |
| Assets of discontinued operations | |
| — | | |
| 1,055,272 | |
| E-Commerce | |
| 27,042 | | |
| 148,978 | |
| Total Assets | |
$ | 965,694 | | |
$ | 2,759,185 | |
|