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

Note 19 — Segment Information

 

The Company conducts business as a single operating segment for indoor agriculture technology that provides products to indoor growers which is based upon the Company’s organizational and management structure, as well as information used by the Chief Executive Officer (“CODM”) to allocate resources and other factors. The accounting policies of the segment are the same as those described in Note 3.

  

The key measure of segment profitability that the CODM uses to allocate resources and assess performance is segment profit or loss, as reported on the statements of operations. The following table presents the significant revenue and expense categories of the Company’s single operating segment:

 

   Year Ended December 31, 
   2025   2024 
         
Revenues  $1,742,360   $9,261,583 
Less:          
Cost of revenues   2,193,398    12,066,778 
Operating expenses:          
Salary and benefits expenses   1,152,382    1,883,893 
Professional fees   1,718,323    2,320,041 
Stock-based compensation   339,063    1,413,458 
Other selling, general and administrative   1,673,364    1,516,728 
Provision for credit losses   1,818,151    408,569 
Other expenses (income):          
Interest expense, net   3,375,272    2,301,600 
Non cash finance expense   200,000    1,000,000 
(Gain) loss on loan extinguishment   (67,183)   8,417 
Income taxes   1,700    5,100 
Other segment expense (income)   1,324,644    (9,661)
Net loss  $(11,986,754)  $(13,653,340)