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

NOTE 14 – 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 three months ended March 31, 2026 and 2025:

 

 

 

For the Three Months Ended

 

 

 

March 31,

2026

 

 

March 31,

2025

 

Net sales

 

$940,466

 

 

$430,087

 

Cost of sales

 

 

495,715

 

 

 

325,798

 

Gross profit

 

 

444,751

 

 

 

104,289

 

 

 

 

 

 

 

 

 

 

Operating expenses

 

 

 

 

 

 

 

 

General and administrative expenses

 

 

404,867

 

 

 

266,666

 

Research and development

 

 

50,352

 

 

 

59,971

 

Consulting fees

 

 

1,038,589

 

 

 

1,111,475

 

Legal and accounting fees

 

 

33,001

 

 

 

33,887

 

Audit fees

 

 

17,500

 

 

 

-

 

Depreciation and amortization expense

 

 

23,117

 

 

 

12,703

 

Total operating expenses

 

 

1,567,426

 

 

 

1,484,702

 

Operating loss

 

 

(1,122,675)

 

 

(1,380,413)

Operating margin

 

 

(119)%

 

 

(321)%

 

 

 

 

 

 

 

 

 

Other income (expenses)

 

 

 

 

 

 

 

 

Other income

 

 

-

 

 

 

46,256

 

Gain on extinguishment of debt

 

 

(493,893)

 

 

-

 

Interest expense

 

 

(261,387)

 

 

(261,724)

Financing incentive expense

 

 

-

 

 

 

-

 

Total other income (expense)

 

 

(755,280)

 

 

(215,468)

Loss before income tax expense

 

 

(1,877,955)

 

 

(1,595,881)

Income tax expense

 

 

-

 

 

 

-

 

Net loss

 

$(1,877,955)

 

$(1,595,881)