v3.26.1
SEGMENT INFORMATION
 12 Months Ended
Dec. 31, 2025
SEGMENT INFORMATION  
SEGMENT INFORMATION

NOTE 16 – SEGMENT INFORMATION

 

The Company operates as one operating segment. The Company’s chief operating decision maker (“CODM”) is its chief executive officers, who review financial information presented on a consolidated basis. The CODM uses consolidated operating margin and net income (loss) to assess financial performance and allocate resources. These financial metrics are used by the CODM to make key operating decisions, such as the allocation of budget between cost of revenues, sales and marketing, 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 years ended December 31, 2025 and 2024:

 

 

 

For the Years Ended

 

 

 

December 31, 2025

 

 

December 31, 2024

 

Net sales

 

$1,082,887

 

 

$242,350

 

Cost of sales

 

 

1,040,865

 

 

 

279,356

 

Gross profit (loss)

 

 

42,022

 

 

 

(37,006)

 

 

 

 

 

 

 

 

 

Operating expenses

 

 

 

 

 

 

 

 

General and administrative expenses

 

 

908,833

 

 

 

785,359

 

Research and development

 

 

163,541

 

 

 

432,847

 

Consulting fees

 

 

2,217,207

 

 

 

3,789,959

 

Legal and accounting fees

 

 

157,500

 

 

 

141,028

 

Audit fees

 

 

85,000

 

 

 

30,000

 

Depreciation and amortization expense

 

 

80,467

 

 

 

3,845

 

Total operating expenses

 

 

3,612,548

 

 

 

5,183,038

 

Operating loss

 

 

(3,570,526)

 

 

(5,220,044)

Operating margin

 

 

-330%

 

 

-999%

 

 

 

 

 

 

 

 

 

Other income (expenses)

 

 

 

 

 

 

 

 

Other income

 

 

137,073

 

 

 

3,459

 

Gain on extinguishment of debt

 

 

-

 

 

 

130,343

 

Interest expense

 

 

(899,199)

 

 

(575,660)

Financing incentive expense

 

 

(418,058)

 

 

(4,524,200)

Total other income (expense)

 

 

(1,180,184)

 

 

(4,966,058)

Loss before income tax expense

 

 

(4,750,710)

 

 

(10,186,102)

Income tax expense

 

 

-

 

 

 

-

 

Net loss

 

$(4,750,710)

 

$(10,186,102)

 

The Company had $405,296 and $188,072 in long-lived tangible assets for the years ended December 31, 2025 and 2024, respectively.