Summary of Significant Accounting Policies (Tables)
|
3 Months Ended |
Mar. 31, 2026 |
|---|
| Accounting Policies [Abstract] |
|
| Schedule of Goodwill |
Goodwill
consisted of the following:
Schedule
of Goodwill
| Balance - December 31, 2024 | |
$ | 3,300,000 | |
| Impairment charge - CLMI | |
| (2,500,000 | ) |
| Impairment charge - Torch | |
| (800,000 | ) |
| Balance - December 31, 2025 | |
$ | - | |
|
| Schedule of Note Receivables |
The
Note Receivable was as follows:
Schedule
of Note Receivables
| December 31, 2024 | |
| 176,851 | |
| Less: impairment loss | |
| (176,851 | ) |
| December 31, 2025 | |
$ | - | |
|
| Schedule of Cash and Restricted Cash Reported on the Consolidated Balance Sheets |
The
following table reconciles cash and restricted cash reported on the consolidated balance sheets to the total cash and restricted cash
presented on the consolidated statements of cash flows:
Schedule
of Cash and Restricted Cash Reported on the Consolidated Balance Sheets
| | |
March 31, 2026 | | |
December 31, 2025 | |
| Cash | |
$ | 1,991,166 | | |
$ | 1,731,400 | |
| Restricted cash | |
| 424,995 | | |
| 281,811 | |
| Total | |
$ | 2,416,161 | | |
$ | 2,013,211 | |
|
| Schedule of Disaggregation of Revenue from Contracts with Customers |
The
following represents the Company’s disaggregation of revenues for the three months ended March 31, 2026 and 2025:
Schedule
of Disaggregation of Revenue from Contracts with Customers
| | |
For the Three Months Ended March 31, | |
| | |
2026 | | |
2025 | |
| | |
| | |
| | |
| | |
| |
| Revenue | |
Revenue | | |
% of Revenues | | |
Revenue | | |
% of Revenues | |
| | |
| | |
| | |
| | |
| |
| Mobile Virtual Network Operators | |
$ | 1,803,512 | | |
| 11.28 | % | |
$ | 2,285,823 | | |
| 21.61 | % |
| Point-of-Sale and Prepaid Services | |
| 14,180,471 | | |
| 88.72 | % | |
| 8,291,606 | | |
| 78.39 | % |
| Total Revenues | |
$ | 15,983,983 | | |
| 100.00 | % | |
$ | 10,577,429 | | |
| 100.00 | % |
|
| Schedule of Marketing and Advertising Costs |
The
Company recognized marketing and advertising costs during the three months ended March 31, 2026 and 2025, respectively, as follows:
Schedule
of Marketing and Advertising Costs
| For the Three Months Ended March 31, | |
| 2026 | | |
2025 | |
| $ | 29,922 | | |
$ | 23,480 | |
|
| Schedule of Diluted Net Income (Loss) Per Share |
The
following potentially dilutive equity securities were outstanding as of March 31, 2206 and 2025:
Schedule
of Diluted Net Income (Loss) Per Share
| | |
March 31, 2026 | | |
March 31, 2025 | |
| Convertible notes payable and related accrued interest | |
| 2,922,105 | | |
| - | |
| Warrants | |
| 1,165,000 | | |
| 93,000 | |
| Stock options | |
| 1,968,194 | | |
| 1,166,081 | |
| Total common stock equivalents | |
| 6,055,299 | | |
| 1,259,081 | |
|
| Schedule of Related Party Expenses |
During
the three months ended March 31, 2026 and 2025, respectively, the Company incurred expenses with a related party (annual rental agreement)
in the normal course of business as follows:
Schedule
of Related Party Expenses
| Related Party | |
March 31, 2026 | | |
March 31, 2025 |
| |
| Carddawg Investments, Inc. | |
$ | 41,589 | | |
$ | 41,589 |
| |
|