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

NOTE 12 – SEGMENT REPORTING

 

The Company has one reportable segment, which is aligned with its internal organizational structure and reviewed by the Chief Executive Officer, who is the Company’s Chief Operating Decision Maker (CODM). In accordance with ASC 280, Segment Reporting, segments are defined based on the manner in which financial information is evaluated by the CODM for resource allocation and performance assessment.

 

The Company’s reportable segment is as follows:

 

Telecomm — Provider of private telecommunications solutions and proprietary billing services.

 

All material operating units within each segment have been aggregated as they share similar economic characteristics, customer types, nature of products and services, and processes for procurement and delivery. The Company evaluates segment performance based on segment operating loss, which includes gross profit less direct research and development, sales and marketing, and general and administrative expenses that are specifically attributable to each segment. Items below loss from operations, such as interest and taxes, and all balance sheet data are not allocated to segments, as they are not used by the CODM.

 

The tables below present segment information reconciled to total Company loss from operations, with segment operating loss including gross profit less direct research and development expenses and direct selling, general and administrative expenses to the extent specifically identified by segment:

          
   Three Months Ended March 31, 2026  Three Months ended March 31, 2025
(in thousands)   Telecomm    Telecomm  
REVENUE          
Revenue  $29,094   $1,262 
           
OPERATING EXPENSES          
Cost of revenue   29,040    1,261 
Sales and marketing   –    549 
Product development   1    14 
Amortization of intangibles   710    162 
General and administrative   567    3,102 
Total operating expenses   30,318    5,088 
           
LOSS FROM OPERATIONS  $(1,224)  $(3,826)

 

Assets are not allocated to segments for internal reporting presentations. It is impracticable for us to separately identify the amount of amortization and depreciation by segment that is included in the measure of segment profit or loss.