v3.26.1
Segments
 3 Months Ended
Mar. 31, 2026
Segments [Abstract]  
Segments

Note 15 – Segments 

 

Segment identification and selection is consistent with the management structure used by the Company’s CODM to evaluate performance and make decisions regarding resource allocation, as well as the materiality of financial results consistent with that structure. Based on the Company’s management structure and method of internal reporting, the Company has one operating segment. The Company derives its revenue from the sale of nutraceuticals. The accounting policies of the segment are the same as those described in the summary of significant accounting policies. The CODM assesses performance for the segment and decides how to allocate resources based on net income that also is reported on the income statement as consolidated net income. The measure of segment assets is reported on the balance sheet as total consolidated assets. Significant segment expenses include retailer promotions, freight and fulfillment, marketing and salaries. The Company’s CODM reviews financial information presented and decides how to allocate resources based on net income. The Company does not have any intra-entity sales or transfers. The Company’s CODM does not review operating results on a disaggregated basis; rather, the CODM reviews operating results on an aggregated basis.

 

Net sales attributed to customers in the United States and foreign countries for the three months ended March 31, 2026 and 2025 were as follows:

 

   March 31,
2026		   March 31,
2025		 
United States  $5,221,880   $7,454,724 
Canada   227,580    656,877 
Mexico   42,831    1,320 
Other   414    57,613 
   $5,492,705   $8,170,534 

The Company’s net sales by product group for the three months ended March 31, 2026 and 2025 were as follows:

 

   March 31,
2026		   March 31,
2025		 
Nutraceuticals  $4,824,763   $6,639,564 
Beverages   667,942    30,970 
License Revenue   

-

    1,500,000 
   $5,492,705   $8,170,534 

 

The Company’s net sales by major sales channel for the three months ended March 31, 2026 and 2025 were as follows:

 

   March 31,
2026		   March 31,
2025		 
Online  $1,787,085   $2,761,845 
Retail   3,705,620    5,408,689 
   $5,492,705   $8,170,534 

  

The Company’s significant segment expenses for the three months ended March 31, 2026 and 2025 were as follows:

 

   March 31,
2026		   March 31,
2025		 
Retailer promotions  $689,381   $939,453 
Freight and fulfillment   341,919    497,748 
Online marketing   900,722    931,827 
Salaries and benefits, marketing   432,559    328,174 
Other selling and marketing   91,491    179,069 
IT expenses   144,704    140,576 
Salaries and benefits, non-marketing   1,059,304    567,993 
Professional fees   254,270    163,768 
Travel   160,733    155,120 
Stock based compensation   160,057    
-
 
Board of Directors compensation   31,250    
-
 
Other general and administrative expenses   238,192    279,257 
Amortization   33,333    33,333 
   $4,537,915   $4,216,318 

 

Long-lived assets (net) attributable to operations in the United States and foreign countries as of March 31, 2026 and December 31, 2025 were as follows:

 

   March 31,
2026		   December 31,
2025		 
United States  $116,667   $150,000 
Foreign countries   
-
    
-
 
   $116,667   $150,000