| SCHEDULE OF FINANCIAL OF INFORMATION FOR REPORTABLE SEGMENT |
The following tables present financial information for the Company’s reportable
segment.
SCHEDULE
OF FINANCIAL OF INFORMATION FOR REPORTABLE SEGMENT
| | |
Insurance | |
|
Insurance | |
| | |
Three Months Ended June 30, |
| | |
2026 | |
2025 |
| | |
Insurance | |
|
Insurance | |
| | |
| |
|
| |
| Commission income | |
$ | 2,110,815 | |
|
$ | 3,086,677 | |
| Total Revenue | |
| 2,110,815 | |
|
| 3,086,677 | |
| Total operating expenses | |
| | |
|
| | |
| Commission expense | |
| 826,991 | |
|
| 988,774 | |
| Salaries and wages | |
| 729,610 | |
|
| 1,199,907 | |
| General and administrative expenses | |
| 244,259 | |
|
| 345,703 | |
| Marketing and advertising | |
| 4,930 | |
|
| 17,207 | |
| Interest expense | |
| 119,388 | |
|
| 292,344 | |
| Interest (expense) related parties | |
| - | |
|
| 21,176 | |
| Interest expense | |
| - | |
|
| 21,176 | |
| Segment net income | |
$ | 185,636 | |
|
$ | 221,566 | |
| | |
Insurance | |
|
Insurance |
|
| | |
Six Months Ended June 30, | |
| | |
2026 | |
2025 | |
| | |
Insurance | |
|
Insurance |
|
| | |
| |
|
|
|
| Commission income | |
$ | 5,937,607 | |
|
$ | 7,322,897 |
|
| Total Revenue | |
| 5,937,607 | |
|
| 7,322,897 |
|
| Total operating expenses | |
| | |
|
| |
|
| Commission expense | |
| 2,408,808 | |
|
| 2,458,202 |
|
| Salaries and wages | |
| 1,524,261 | |
|
| 2,367,215 |
|
| General and administrative expenses | |
| 525,548 | |
|
| 712,538 |
|
| Marketing and advertising | |
| 6,855 | |
|
| 33,991 |
|
| Interest expense | |
| 241,421 | |
|
| 588,599 |
|
| Interest (expense) related parties | |
| - | |
|
| 45,887 |
|
| Interest expense | |
| - | |
|
| 45,887 |
|
| Segment net income | |
$ | 1,230,713 | |
|
$ | 1,116,466 |
|
Reconciliation
of total segment revenue and net income to consolidated results:
| |
|
Three Months Ended |
|
|
Three Months Ended |
|
| |
|
June 30, 2026 |
|
|
June 30, 2025 |
|
| Total
insurance segment revenue |
|
$ |
2,110,815 |
|
|
$ |
3,086,677 |
|
| Consolidated
revenue |
|
|
2,110,815 |
|
|
|
3,086,677 |
|
| |
|
|
|
|
|
|
|
|
| Total
insurance segment net income |
|
|
185,636 |
|
|
|
221,566 |
|
| Corporate
overhead |
|
|
(1,926,944 |
) |
|
|
(2,586,315 |
) |
| Depreciation and amortization | |
| (252,976 | ) | |
| (346,151 | ) |
| Net
loss |
|
$ |
(1,994,284 |
) |
|
$ |
(2,710,901 |
) |
| |
|
Six Months Ended |
|
|
Six Months Ended |
|
| |
|
June 30, 2026 |
|
|
June 30, 2025 |
|
| Total
segment revenue |
|
$ |
5,937,607 |
|
|
$ |
7,322,897 |
|
| Consolidated
revenue |
|
|
5,937,607 |
|
|
|
7,322,897 |
|
| |
|
|
|
|
|
|
|
|
| Total
segment net income |
|
|
1,230,713 |
|
|
|
1,116,466 |
|
| Corporate
overhead |
|
|
(4,138,746 |
) |
|
|
(4,857,506 |
) |
| Depreciation and amortization | |
| (557,420 | ) | |
| (706,746 | ) |
| Net
loss |
|
$ |
(3,465,452 |
) |
|
$ |
(4,447,786 |
) |
|