v3.26.1
Segment and Geographic Information
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment and Geographic Information

13. Segment and Geographic Information

 

The Company operates as a single operating and reportable segment which derives revenue from subscription and related usage-based fees from the Company’s cloud-based SaaS platform. The CODM, who is the Company’s Chief Executive Officer (CEO), reviews financial information and makes operating decisions for the Company as a whole.

 

The CEO regularly reviews revenues, gross profit, net income and current assets in evaluating segment performance.

 

The significant segment expense categories and other segment items provided to the CODM and included in the measure of segment profit or loss are presented below.

 

   2026   2025 
   Three Months Ended March 31, 
   2026   2025 
Revenue  $306,032   $35,663 
Cost of revenue - exclusive of amortized capitalized software costs shown separately   146,487    75,859 
Amortization and depreciation   184,148    121,197 
Sales and Marketing - Employee Compensation and Benefits (excluding Stock based compensation)   111,997    32,356 
Sales and Marketing – Stock based compensation   12,535    1,513 
Sales and Marketing - Other   106,640    76,843 
Sales and Marketing - Total  $231,172   $110,712 
General and Administrative – Employee Compensation and Benefits (excluding Stock based compensation)   252,523    60,667 
General and Administrative – Stock based compensation   114,824    53,083 
General and Administrative - Other   263,766    20,840 
General and Administrative - Total  $631,113   $134,590 
Operating loss   (886,888)   (406,695)
Net loss  $(1,112,244)  $(522,033)

 

Segment net loss includes realized and unrealized losses on bitcoin.

 

The CODM also reviews the following balance sheet items as part of performance monitoring and resource allocation decisions:

 

   March 31,   December 31, 
   2026   2025 
Cash  $1,358,556   $2,317,761 
Bitcoin  $797,950   $1,023,306 
Capitalized software cost, net  $2,403,209   $2,362,313 
Total assets  $5,307,287   $6,146,439 

 

 

Because the Company operates as a single reportable segment, the amounts above reconcile directly to the corresponding financial statement line items.

 

Substantially all of the Company’s long-lived assets are located in the United States, and substantially all of the Company’s revenue is derived from customers located in the United States.