v3.26.1
SEGMENT NOTE
3 Months Ended
Mar. 31, 2026
SEGMENT NOTE  
SEGMENT NOTE

NOTE 7 - SEGMENT NOTE

 

The Company operates as a single operating segment. The Company's CODM is its CEO, who reviews financial information presented on a consolidated basis. The CODM uses revenue, cost of goods sold, consolidated operating margin and net income to assess financial performance and allocate resources. These financial metrics are used by the CODM to make key operating decisions, such as the determination of the rate at which the Company seeks to grow its operating profit margin and the allocation of budget between cost of goods sold, professional fees, and general and administrative expenses.

 

The following table presents selected financial information with respect to the Company’s single operating segment for the three months ended March 31, 2026 and 2025:

 

 

 

2026

 

 

2025

 

 

 

 

 

 

 

 

Revenue

 

$627,462

 

 

$335,319

 

Cost of goods sold

 

 

1,036,915

 

 

 

837,926

 

Gross loss

 

 

(409,453)

 

 

(502,607)

 

 

 

 

 

 

 

 

 

Operating expenses

 

 

 

 

 

 

 

 

General and administrative

 

 

35,814

 

 

 

38,641

 

Professional fees

 

 

105,856

 

 

 

136,337

 

Royalty expense

 

 

131,220

 

 

 

-

 

Total operating expenses

 

 

272,890

 

 

 

174,978

 

Loss from operations

 

 

(682,343)

 

 

(677,585)

 

 

 

 

 

 

 

 

 

Other segment items

 

 

364,112

 

 

 

(13,009)

Net loss

 

$(318,231)

 

$(690,594)