v3.26.1
Segment Information
3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Reporting [Text Block]

8. Segment Information

 

The Company operates in one reportable segment: CBD hemp products for retail. Through its majority owned subsidiary, Atlanta CBD, the Company offers a variety of CBD wellness products for sale directly to customers via its website. The Company has determined that it operates in one reportable segment, because the chief operating decision maker (“CODM”) reviews financial information for our entire consolidated operations when making decisions related to assessing operating performance.

 

The accounting policies of the single segment are the same as those described in the summary of significant accounting policies. The Company’s CODM includes the chief executive officer and chief financial officer. The CODM assesses performance for the single segment based on gross profit, net income (loss) and significant expenses, as shown below. The measure of segment assets is reported on the balance sheet as total consolidated assets.

The Company’s CODM decides how to allocate resources based on gross profit, net income (loss) and significant expenses, comparing budgeted amounts to actual expenses. Gross profit is used to determine the most profitable products, and which products the company will make available for sale to customers. Significant expenses and net loss are used to determine resource allocation for maintaining operations and fostering progress.

   

   Three Months Ended 
   March 31, 
   2026   2025 
Revenue, net of discounts   -    - 
Cost of revenue   -    164 
Gross profit   -    (164)
           
Operating expenses:          
Professional fees   42,189    62,118 
Payroll and related costs   57,500    81,330 
Office related expenses   602    867 
SEC filing related fees   1,815    2,361 
Share-based compensation   -    700,000 
Bank fees   151    139 
Taxes   -    - 
Advertising & marketing   -    - 
Bad debt   -    - 
Other   -    93 
Total operating expenses   102,257    846,908 
           
Other expense          
Interest expense   238    1,711 
Total other expense   238    1,711 
           
Net loss   (102,495)   (848,783)
           
Reconciliation of loss          
Adjustments and reconciling items   -    - 
Net loss   (102,495)   (848,783)