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

Note 4 – Business Segment Information

The Company operates primarily in three distinct business segments: Commercial Construction, Residential Construction, and Real Estate Development.

Commercial Construction: This segment includes all activities related to the construction of commercial properties such as office buildings, retail spaces, and industrial facilities. Revenue is recognized using the cost-to-cost method, reflecting the extent of work performed on contracts.

Residential Construction: This segment focuses on the construction of residential properties, including single-family homes and multi-family units. Revenue recognition is similarly based on the cost-to-cost method.

Real Estate Development: This segment encompasses the acquisition, development, and sale of real estate properties. Revenue is recognized upon the sale of developed properties and is influenced by market conditions and demand for residential and commercial properties. The company views this segment as a strategic growth opportunity in the future. We are actively exploring development opportunities and anticipate expanding our footprint in this area over the coming years.

The Company’s segment profit or loss is measured using gross profit, which is the primary performance metric utilized by management to evaluate the financial results of each reportable segment. For segment reporting purposes, gross profit is calculated as the difference between segment revenue and the direct costs associated with specific projects or contracts. These direct costs include materials, labor, subcontractors, and other project-specific expenses directly attributable to the construction activities of each segment.

The financial performance of each segment is regularly reviewed with operational leaders in charge of these segments, the Chief Executive Officer (CEO), the Chief Financial Officer (CFO) and others. The Company’s segment disclosures are presented in accordance with the guidance set forth in ASC 280, Segment reporting. Specifically, the disclosures comply with the requirements outlined in ASC 280-10-50-22 through 50-26, which mandate that an entity disclose certain information about its operating segments to enable users of the financial statements to understand the financial performance of different parts of the business.

In accordance with ASC 280-10-50-22, the Company discloses financial information for each reportable segment, including revenue, operating profit or loss, and other significant items that are used by the chief operating decision maker (CODM) in assessing the performance and making decisions about the allocation of resources. The Company identifies its reportable segments based on the internal management structure, and all relevant information is disclosed in the segment footnote as required.

In accordance with ASC 280-10-50-29, the disclosures also adhere to the requirements of which mandate that the financial information provided for each segment should include items such as capital expenditures, depreciation, and amortization, when appropriate. The disclosures reflect the performance and financial position of each segment, and a reconciliation of segment totals to the overall consolidated financial results, including total segment profit or loss and other significant disclosures.

The Company’s segment disclosures are presented in accordance with the requirements set forth in ASC 280-10-50-30(b) and (c), which specify the need to disclose the total of reportable segments' profit or loss, as well as the basis of measurement used to determine the segment results.

In accordance with ASC 280-10-50-30(b), the Company provides the total of profit or loss for all reportable segments, which reflects the combined operating results for each reportable segment included in the financial statements. The total segment profit or loss represents the aggregation of segment results before the allocation of corporate expenses and certain other items not attributable to specific segments.

As required by ASC 280-10-50-30(c), the Company has also disclosed the basis of measurement for segment profit or loss. The measure used to assess segment performance and allocate resources is operating income (or loss), which includes revenues, cost of sales, and directly attributable operating expenses for each segment. The operating income (or loss) for each reportable segment is reviewed by the Company’s chief operating decision maker (CODM) and serves as the primary performance metric used in resource allocation and operational decision-making.

Segment information is as follows:

 

For the three months ended March 31, 2026

 

Commercial

 

Residential

 

Real Estate
Development

 

Consolidated

 

Sales

 

$

6,278,377

 

$

1,317,134

 

$

5,088,078

 

$

12,683,589

 

Cost of Goods Sold

 

 

5,637,583

 

 

943,240

 

 

4,808,234

 

 

11,389,057

 

Gross Profit (Loss)

 

 

640,794

 

 

373,894

 

 

279,844

 

 

1,294,532

 

 

 

 

 

 

 

 

 

 

Operating Expenses

 

 

 

 

 

 

 

 

 

Selling & Marketing Expenses

 

 

590,243

 

 

127,588

 

 

474,579

 

 

1,192,410

 

General & Administrative Expenses

 

 

1,655,547

 

 

381,370

 

 

1,331,127

 

 

3,368,044

 

Rent expense-related party

 

 

27,077

 

 

27,085

 

 

27,077

 

 

81,239

 

Depreciation and amortization expense

 

 

27,348

 

 

27,355

 

 

27,348

 

 

82,051

 

Total Operating Expense

 

 

2,300,215

 

 

563,398

 

 

1,860,131

 

 

4,723,744

 

 

 

 

 

 

 

 

 

 

Income (loss) From Operations

 

 

(1,659,421

)

 

(189,504

)

 

(1,580,287

)

 

(3,429,212

)

 

 

 

 

 

 

 

 

 

OTHER INCOME (EXPENSE)

 

 

 

 

 

 

 

 

 

Other Income (expenses)

 

 

(309

)

 

(67

)

 

(248

)

 

(624

)

Interest Income

 

 

85,249

 

 

18,427

 

 

68,544

 

 

172,220

 

 

 

 

 

 

 

 

 

 

TOTAL OTHER INCOME

 

 

84,940

 

 

18,360

 

 

68,296

 

 

171,596

 

 

 

 

 

 

 

 

 

 

NET INCOME (LOSS)

 

$

(1,574,481

)

$

(171,144

)

$

(1,511,991

)

$

(3,257,616

)

 

For the three months ended March 31, 2025

 

Commercial

 

 

Residential

 

 

Real Estate
Development

 

Consolidated

 

Sales

 

$

4,091,210

 

 

$

1,822,653

 

 

-

 

 

5,913,863

 

Cost of Goods Sold

 

 

3,074,703

 

 

 

1,369,794

 

 

-

 

 

4,444,497

 

Gross Profit (Loss)

 

 

1,016,507

 

 

 

452,859

 

 

 

 

 

1,469,366

 

 

 

 

 

 

 

 

 

 

 

 

Operating Expenses

 

 

 

 

 

 

 

 

 

 

 

Selling & Marketing Expenses

 

 

77,540

 

 

 

34,544

 

 

-

 

 

112,084

 

General & Administrative Expenses

 

 

889,452

 

 

 

396,255

 

 

-

 

 

1,285,707

 

Rent Paid- Related Party

 

 

24,755

 

 

 

11,029

 

 

-

 

 

35,784

 

Depreciation and amortization expense

 

 

43,568

 

 

 

19,410

 

 

-

 

 

62,978

 

Total Operating Expense

 

 

1,035,315

 

 

 

461,238

 

 

-

 

 

1,496,553

 

 

 

 

 

 

 

 

 

 

 

 

Loss From Operations

 

 

(18,808

)

 

 

(8,379

)

 

-

 

 

(27,187

)

 

 

 

 

 

 

 

 

 

 

 

OTHER INCOME (EXPENSE)

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expenses)

 

 

6,918

 

 

 

3,082

 

 

-

 

 

10,000

 

Interest Income

 

 

32,856

 

 

 

14,638

 

 

-

 

 

47,494

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL OTHER INCOME

 

 

39,774

 

 

 

17,720

 

 

-

 

 

57,494

 

 

 

 

 

 

 

 

 

 

 

 

NET INCOME (LOSS)

 

$

20,966

 

 

$

9,341

 

 

-

 

$

30,307