v3.26.1
Segment information
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment information

13. Segment information

 

The Company operates and manages its business as one reportable and operating segment concentrating on the sale of gift cards and discount certificates to our customers. The measure of segment assets is reported on the balance sheet as total consolidated assets. The Company derives revenue primarily in the United States of America and manages its business activities on a consolidated basis.

 

The Company’s chief operating decision maker (CODM), its Chief Executive Officer, reviews financial information presented on a consolidated basis and decides how to allocate resources based on net loss. Consolidated net loss is used for evaluating financial performance. The monitoring of budgeted versus actual results is used in assessing performance of the Company and in establishing management’s compensation.

 

Significant segment expenses include employee compensation, stock-based compensation, merchant fees, and consulting and outside provider costs. Other operating expenses include all remaining costs necessary to operate our business and primarily include advertising, corporate compliance, and overhead expenses. The following table presents the significant segment expenses and other segment items regularly reviewed by our CODM:

 

Schedule of Segment Reporting Information

   2026   2025 
  

Three Months Ended

March 31,

 
   2026   2025 
         
Net sales  $21,357,404   $22,277,013 
Cost of sales   17,112,165    18,695,377 
Gross profit   4,245,239    3,581,636 
           
Less:          
Employee compensation and benefits   1,616,062    1,551,307 
Stock-based compensation expense   1,195,269    1,563,005 
Merchant and bank fees   1,262,507    1,115,030 
Facility costs   132,548    171,274 
Consulting and outside provider costs   752,110    808,413 
Sales and marketing expenses   558,701    565,395 
Depreciation of capitalized software costs   161,543    161,543 
Amortization of intangible assets   577,341    543,917 
Other operating expenses   656,147    269,417 
Total operating expenses   6,912,228    6,749,301 
Loss from operations  $(2,666,989)  $(3,167,665)