v3.26.1
Segments
12 Months Ended
Dec. 31, 2025
Segments [Abstract]  
Segments

Note 15 — Segments

 

ASC 280, “Segment Reporting” establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organization structure as well as information about services categories, business segments and major customers in financial statements. In accordance with the “Segment Reporting” Topic of the ASC, the Company’s chief operating decision maker has been identified as the Chief Executive Officer, who reviews operating results to make decisions about allocating resources and assessing performance for the entire Company. Existing guidance, which is based on a management approach to segment reporting, establishes requirements to report selected segment information quarterly and annually regarding significant and material aspects regarding revenue, related cost of revenue and general and administrative expense. All material operating sub-units qualify for aggregation under “Segment Reporting” due to their similar customer base and similarities in economic characteristics and nature of services.

  

The Company has determined that the assets of the reporting segments, which consist primarily of cash, accounts receivable and intangible assets, do not provide operationally significant information due to the service nature of the business segments.

  

The Company’s business is organized into six material reportable segments which aggregate 100% of revenue:

 

  1) Real Estate Brokerage Services (Residential)

 

  2) Franchising Services

 

  3) Coaching Services

 

  4) Property Management

 

  5) Real Estate Brokerage Services (Commercial)

 

  6) Title Settlement and Insurance

The reporting segments follow the same accounting policies used in the preparation of the Company’s consolidated financial statements. The following represents the information for the Company’s reportable segments for the years ended December 31, 2025 and 2024, respectively.

 

   2025   2024
(as restated)
 
Revenue by segment        
Real Estate Brokerage Services (Residential)  $66,547,103   $57,024,911 
Franchising Services   129,702    329,069 
Coaching Services   443,863    568,516 
Property Management   395,291    348,721 
Real Estate Brokerage Services (Commercial)   694,133    327,912 
Title Settlement and Insurance   297,714    83,010 
   $68,507,806   $58,682,139 
Cost of revenue by segment          
Real Estate Brokerage Services (Residential)  $60,282,976   $51,684,882 
Franchising Services   340,402    488,136 
Coaching Services   268,082    310,288 
Property Management   76,975    7,515 
Real Estate Brokerage Services (Commercial)   570,982    238,039 
Title Settlement and Insurance   -    - 
   $61,539,417   $52,728,860 
Gross profit (loss) by segment          
Real Estate Brokerage Services (Residential)  $6,264,127   $5,340,029 
Franchising Services   (210,700)   (159,067)
Coaching Services   175,781    258,228 
Property Management   318,316    341,206 
Real Estate Brokerage Services (Commercial)   123,151    89,873 
Title Settlement and Insurance   297,714    83,010 
   $6,968,389   $5,953,279 
G&A by segment          
Real Estate Brokerage Services (Residential)  $13,006,946   $10,414,191 
Franchising Services   114,961    20,112 
Coaching Services   138,331    1,625 
Property Management   207,741    52,264 
Real Estate Brokerage Services (Commercial)   163,336    51,717 
Title Settlement and Insurance   238,657    85,642 
   $13,869,972   $10,625,551 

 

In addition to the expenses from these segments corporate expenses were $23,508,839 and $9,677,724, which resulted in the net loss of $30,410,422 and $14,349,996 for the years ended December 31, 2025 and 2024, respectively.

 

The following table disaggregates the Company’s revenue based on the type of sale or service and the timing of satisfaction of performance obligations for the years ended December 31:

 

   2025   2024
(as restated)
 
Performance obligations satisfied at a point in time  $66,035,359   $56,169,461 
Performance obligations satisfied over time   2,472,447    2,512,678 
Revenue  $68,507,806   $58,682,139