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

NOTE 20 – SEGMENT REPORTING

 

The Company has determined that it has a single operating segment.

 

The Company’s CEO is the CODM. The CODM reviews financial information presented for the purposes of allocating resources and evaluating financial performance at an entity level and the Company has no segment managers who are held accountable by the CODM for operations and operating results. The products and services across the Company are similar in nature, distributed in a comparable manner and have customers with common characteristics. Refer to Note 2 – Summary of Significant Accounting Policies.

 

The following table presents selected financial information with respect to the Company’s single operating segment:

 

   Three Months Ended
March 31,		 
   2026   2025 
Net revenue  $5,444   $5,516 
Cost of revenue   1,858    1,206 
Gross profit  $3,586   $4,310 
Less: Employee expense   2,363    2,564 
Contractor expense   197    262 
Occupancy expense   76    250 
Professional services expense   468    288 
Technology platform hosting expense   170    189 
Credit loss expense   150    90 
Other expenses ^   301    1,094 
Loss from operations  $(139)  $(427)
Interest expense   (355)   (324)
Net (loss) income  $(494)  $(751)

 

^ Other expenses include all other operating expenses, including insurance, subscriptions for software used in the operations, stock-based compensation, depreciation and amortization and severance payments.

 

The measure of segment assets is reported on the condensed balance sheet as total assets.