| SCHEDULE OF CONSOLIDATED REVENUES AND SEGMENT LOSS |
SCHEDULE
OF CONSOLIDATED REVENUES AND SEGMENT LOSS
| | |
2026 | | |
2025 | |
| | |
For the three months ended March 31, | |
| | |
2026 | | |
2025 | |
| Revenues from external customers and consolidated revenues | |
$ | 22,094,389 | | |
$ | 20,113,938 | |
| | |
| | | |
| | |
| Cost of revenues | |
| 15,468,946 | | |
| 14,402,488 | |
| Compensation costs, excluding share-based payments | |
| 2,931,157 | | |
| 2,416,572 | |
| Share-based payments | |
| 3,097,885 | | |
| 3,041,157 | |
| Marketing programs | |
| 5,109,313 | | |
| 4,677,381 | |
| Professional fees, excluding share-based payments | |
| 2,083,137 | | |
| 1,677,936 | |
| Depreciation, amortization, and impairment of intangibles | |
| 1,179,223 | | |
| 1,007,817 | |
| Other operating expenses | |
| 386,888 | | |
| 603,612 | |
| Total operating expenses, net | |
$ | 30,256,549 | | |
$ | 27,826,963 | |
| | |
| | | |
| | |
| Other expenses | |
| | | |
| | |
| Amortization of debt discount | |
| 278,499 | | |
| 278,499 | |
| Interest expense, net | |
| 834,918 | | |
| 1,060,604 | |
| Net loss | |
$ | (9,275,577 | ) | |
$ | (9,052,128 | ) |
|