| Segment Information |
NOTE
25 - Segment Information
The
Company conducts business as a single operating segment which is based upon the Company’s organizational and management
structure, as well as information used by the CODM to allocate resources and other factors. The accounting policies of the segment are
the same as those described in Note 2. The key measure of segment profitability that the CODM, which is the Company’s CEO, uses
to allocate resources and assess performance is consolidated net loss, as reported on the consolidated statements of operations. The
following table presents the significant revenue and expense categories of the Company’s single operating segment
| | |
For
the Years Ended
December 31, | |
| | |
2025 | | |
2024 | |
| | |
| | |
| |
| Revenues | |
$ | - | | |
$ | 1,342,931 | |
| Less: | |
| | | |
| | |
| Cost of revenues | |
| - | | |
| 1,145,163 | |
| Sales and marketing expenses | |
| - | | |
| 42,186 | |
| Other operating expense | |
| 3,049,262 | | |
| 2,140,311 | |
| Research and development expenses | |
| 181,096 | | |
| 4,619,748 | |
| Salaries expenses | |
| 5,703,671 | | |
| 7,649,983 | |
| Professional fee | |
| 1,610,990 | | |
| 1,979,480 | |
| Amortization and depreciation expense | |
| 2,248,080 | | |
| 2,257,921 | |
| Foreign currency exchange loss | |
| 516,590 | | |
| 10,329 | |
| Interest expense | |
| 1,428,168 | | |
| 1,164,631 | |
| Change in SAFE liabilities | |
| 610,000 | | |
| 412,800 | |
| Stock based compensation | |
| 2,409,029 | | |
| 5,427,717 | |
| Loss on disposal of subsidiaries | |
| 234,454 | | |
| - | |
| Impairment loss on investment | |
| 299,069 | | |
| 3,699,278 | |
| Other income-gain on settlement of accounts
payable | |
| (137,291 | ) | |
| - | |
| Other loss (income),
net | |
| 119,155 | | |
| (14,165 | ) |
| Loss before income tax | |
| (18,272,273 | ) | |
| (29,192,451 | ) |
| | |
| | | |
| | |
| Income tax expense | |
| (2,400 | ) | |
| (2,400 | ) |
| Net loss | |
$ | (18,274,673 | ) | |
$ | (29,194,851 | ) |
|