Summary of Significant Accounting Policies (Tables)
|
12 Months Ended |
Dec. 31, 2025 |
|---|
| Accounting Policies [Abstract] |
|
| Schedule of Estimated Fair Value of Assets Acquired and Liabilities Assumed |
The
table below summarizes the estimated fair values of the assets acquired and liabilities assumed as of the effective acquisition date.
Schedule of Estimated Fair Value of Assets Acquired and Liabilities Assumed
| Consideration | |
| |
| Cash | |
$ | 2,500,000 | |
| | |
| | |
| Fair value of consideration transferred | |
| 2,500,000 | |
| | |
| | |
| Recognized amounts of identifiable assets acquired
and liabilities assumed: | |
| | |
| | |
| | |
| Right-of-use
operating lease | |
| 98,638 | |
| Total
assets acquired | |
| 98,638 | |
| | |
| | |
| Right-of-use
operating lease | |
| 98,638 | |
| Total
liabilities assumed | |
| 98,638 | |
| | |
| | |
| Total
identifiable net assets | |
| - | |
| | |
| | |
| Goodwill | |
$ | 2,500,000 | |
|
| Schedule of Goodwill |
At
December 31, 2025 and December 31, 2024 goodwill was as follows:
Schedule of Goodwill
| Balance - December 31, 2023 | |
$ | 1,666,782 | |
| Acquisition of CLMI | |
| 2,500,000 | |
| Impairment charge - Logics
IQ * | |
| (866,782 | ) |
| Balance - December 31, 2024 | |
| 3,300,000 | |
| Impairment charge - CLMI | |
| (2,500,000 | ) |
| Impairment charge - Torch | |
| (800,000 | ) |
| Balance - December 31, 2025 | |
$ | - | |
|
| Schedule of Note Receivables |
The
Note Receivable was as follows:
Schedule
of Note Receivables
| December 31, 2023 | |
$ | 176,851 | |
| no activity | |
| - | |
| December 31, 2024 | |
| 176,851 | |
| Less: impairment loss | |
| (176,851 | ) |
| December 31, 2025 | |
$ | - | |
|
| Schedule of Marketable Securities |
Marketable
securities were as follows at December 31, 2024:
Schedule of Marketable Securities
| | |
U.S. Treasury
& Government | |
| | |
Exchange Traded
Funds | |
| | |
Fixed
Income | |
| Balance - December 31, 2023 | |
$ | - | |
| Sales | |
| (10,173,057 | ) |
| Realized gains | |
| 13,613 | |
| Dividends, interest and other income | |
| 169,306 | |
| Fees/adjustments | |
| (9,862 | ) |
| Balance - December 31, 2024 | |
$ | - | |
|
| Schedule of Disaggregation of Revenue from Contracts with Customers |
The
following represents the Company’s disaggregation of revenues for the years ended December 31, 2025 and 2024:
Schedule of Disaggregation of Revenue from Contracts with Customers
| | |
For
the Years Ended December 31, | |
| | |
2025 | | |
2024 | |
| Revenue | |
Revenue | | |
%
of Revenues | | |
Revenue | | |
%
of Revenues | |
| | |
| | |
| | |
| | |
| |
| Mobile Virtual Network Operators | |
$ | 13,453,149 | | |
| 23.62 | % | |
$ | 43,450,244 | | |
| 71.37 | % |
| Point-of-Sale and Prepaid Services | |
| 43,509,771 | | |
| 76.38 | % | |
| 17,419,088 | | |
| 28.61 | % |
| Other Corporate Overhead | |
| - | | |
| 0.00 | % | |
| 11,841 | | |
| 0.02 | % |
| Total Revenues | |
$ | 56,962,920 | | |
| 100.00 | % | |
$ | 60,881,173 | | |
| 100.00 | % |
|
| Schedule of Investment |
Schedule
of Investment
| Balance - December 31, 2023 | |
$ | 464,409 | |
| Gain on investment in CenterCom | |
| 33,864 | |
| Impairment loss - CenterCom | |
| (498,273 | ) |
| Balance - December 31, 2024 | |
$ | - | |
|
| Schedule of Marketing and Advertising Costs |
The
Company recognized marketing and advertising costs during the years ended December 31, 2025 and 2024, respectively, as follows:
Schedule of Marketing and Advertising Costs
| For
the Years Ended December 31, | |
| 2025 | | |
2024 | |
| $ | 268,671 | | |
$ | 109,004 | |
|
| Schedule of Diluted Net Income (Loss) Per Share |
The
following potentially dilutive equity securities were outstanding as of December 31, 2025 and 2024:
Schedule of Diluted Net Income (Loss) Per Share
| | |
December
31, 2025 | | |
December
31, 2024 | |
| Convertible notes payable and related
accrued interest | |
| 2,647,546 | | |
| - | |
| Warrants | |
| 730,000 | | |
| 96,000 | |
| Stock options | |
| 2,292,944 | | |
| 2,220,684 | |
| Total common stock equivalents | |
| 5,670,490 | | |
| 2,316,684 | |
|
| Schedule of Related Party Expenses |
During
the years ended December 31, 2025 and 2024, respectively, the Company incurred expenses with a related party (annual rental agreement)
in the normal course of business as follows:
Schedule of Related Party Expenses
| Related
Party | |
December
31, 2025 | | |
December
31, 2024 | |
| Carddawg Investments,
Inc. | |
| 166,356 | | |
| 166,356 | 1 |
| Total | |
$ | 166,356 | | |
$ | 166,356 | |
| 1 | | - represents an
affiliate of our Chief Executive Officer (Kevin Brian Cox) |
|