| SCHEDULE OF CONSOLIDATED EBITDA FOR REPORTABLE SEGMENT |
The following table presents consolidated EBITDA for our reportable segment:
|
|
|
|
|
|
|
|
|
|
|
|
For the Year Ended March 31, |
|
|
|
|
2026 |
|
|
2025 |
|
|
|
|
|
|
|
|
|
|
Net revenues |
|
$ |
51,125,398 |
|
|
$ |
49,401,547 |
|
|
Cost of revenues |
|
|
6,524,437 |
|
|
|
6,468,031 |
|
|
Selling and marketing |
|
|
550,333 |
|
|
|
610,926 |
|
|
Corporate and administrative |
|
|
22,674,572 |
|
|
|
70,594,542 |
|
|
Employee salaries and related expenses |
|
|
13,271,678 |
|
|
|
17,851,628 |
|
|
Consolidated EBITDA |
|
|
8,104,378 |
|
|
|
(46,123,580 |
) |
|
Adjustments and reconciling items: |
|
|
|
|
|
|
|
Depreciation and amortization |
|
|
(14,396,813 |
) |
|
|
(13,589,698 |
) |
|
Other income/(expense) |
|
|
2,364,142 |
|
|
|
860,293 |
|
|
Interest expense |
|
|
(1,769,656 |
) |
|
|
(82,173 |
) |
|
Gain on the extinguishment of debt |
|
|
801,894 |
|
|
|
— |
|
|
Provision for income taxes |
|
|
(49,537 |
) |
|
|
(6,286,305 |
) |
|
Net loss from continuing operations |
|
$ |
(4,945,592 |
) |
|
$ |
(65,221,463 |
) |
|
|