v3.26.1
Note 11 - Segments
3 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Segment Reporting [Text Block]

Note 11   Segments

 

The Company’s business is organized into six material reportable segments which aggregate 100% of revenue:

 

 

1)

Real Estate Brokerage Services (Residential)

 

 

2)

Franchising Services

 

 

3)

Coaching Services

 

 

4)

Property Management

 

 

5)

Real Estate Brokerage Services (Commercial)

 

 

6)

Title Settlement and Insurance

 

The reporting segments follow the same accounting policies used in the preparation of the Company’s condensed consolidated financial statements. The following represents the information for the Company’s reportable segments for the three months ended  March 31, 2026 and 2025, respectively.

 

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Revenue by segment

 

 

 

 

 

 

 

 

Real Estate Brokerage Services (Residential)

 

$

13,045,185

 

 

$

14,270,278

 

Franchising Services

 

 

35,123

 

 

 

38,778

 

Coaching Services

 

 

21,958

 

 

 

94,534

 

Property Management

 

 

100,669

 

 

 

97,913

 

Real Estate Brokerage Services (Commercial)

 

 

273,516

 

 

 

57,066

 

Title Settlement and Insurance

 

 

99,155

 

 

 

77,205

 

 

 

$

13,575,606

 

 

$

14,635,774

 

Cost of goods sold by segment

 

 

 

 

 

 

 

 

Real Estate Brokerage Services (Residential)

 

$

11,359,747

 

 

$

12,895,885

 

Franchising Services

 

 

258

 

 

 

111,791

 

Coaching Services

 

 

7,200

 

 

 

55,880

 

Property Management

 

 

 

 

 

520

 

Real Estate Brokerage Services (Commercial)

 

 

214,974

 

 

 

34,030

 

Title Settlement and Insurance

 

 

 

 

 

 

 

 

$

11,582,179

 

 

$

13,098,106

 

Gross profit (loss) by segment

 

 

 

 

 

 

 

 

Real Estate Brokerage Services (Residential)

 

$

1,685,438

 

 

$

1,374,393

 

Franchising Services

 

 

34,865

 

 

 

(73,013

)

Coaching Services

 

 

14,758

 

 

 

38,654

 

Property Management

 

 

100,669

 

 

 

97,393

 

Real Estate Brokerage Services (Commercial)

 

 

58,542

 

 

 

23,036

 

Title Settlement and Insurance

 

 

99,155

 

 

 

77,205

 

 

 

$

1,993,427

 

 

$

1,537,668

 

G&A by segment

 

 

 

 

 

 

 

 

Real Estate Brokerage Services (Residential)

 

$

3,752,877

 

 

$

3,511,164

 

Franchising Services

 

 

375

 

 

 

79,658

 

Coaching Services

 

 

24,877

 

 

 

39,558

 

Property Management

 

 

48,317

 

 

 

14,039

 

Real Estate Brokerage Services (Commercial)

 

 

58,842

 

 

 

24,742

 

Title Settlement and Insurance

 

 

86,366

 

 

 

58,364

 

 

 

$

3,971,654

 

 

$

3,727,525

 

 

In addition to the expenses from these segments, corporate expenses were $11,487,149 and $93,509,028, which resulted in the net loss of $13,465,376 and $95,698,885 for the three months ended  March 31, 2026 and 2025, respectively.

 

The following table disaggregates the Company’s revenue based on the type of sale or service and the timing of satisfaction of performance obligations for the three months ended  March 31, 2026 and 2025, respectively.

 

 

 

Three Months Ended March 31,

 

 

 

2026

 

 

2025

 

Performance obligations satisfied at a point in time

 

$

12,806,453

 

 

$

14,021,552

 

Performance obligations satisfied over time

 

 

769,153

 

 

 

614,222

 

Revenue

 

$

13,575,606

 

 

$

14,635,774