| SCHEDULE OF SEGMENT REPORTING INFORMATION AND RECONCILIATION |
The
following table provides information about the Company’s one reportable segment and includes the reconciliation to consolidated
net loss.
SCHEDULE
OF SEGMENT REPORTING INFORMATION AND RECONCILIATION
| | |
2026 | | |
2025 | |
| | |
Six Months Ended June 30, | |
| | |
2026 | | |
2025 | |
| Total revenues | |
$ | 3,971,257 | | |
$ | 5,353,920 | |
| Less: | |
| | | |
| | |
| Cost of revenues (excluding amortization and depreciation) | |
| 4,521,277 | | |
| 5,096,240 | |
| Consulting/payroll and other costs | |
| 2,152,451 | | |
| 1,712,730 | |
| Share based compensation expense | |
| 125,000 | | |
| 328,126 | |
| Product development costs | |
| 12,206 | | |
| 741,824 | |
| Marketing and brand development costs | |
| 2,499,505 | | |
| 1,666,297 | |
| Administrative and other (1) | |
| 3,533,959 | | |
| 2,973,401 | |
| Interest expense, net | |
| 2,083,977 | | |
| 1,153,007 | |
| Remeasurement and loss on debt extinguishment and settlement of liability | |
| 1,859,196 | | |
| 14,897,294 | |
| Other income | |
| (6,500 | ) | |
| (18,000 | ) |
| Loss on equity investments | |
| 25,234 | | |
| - | |
| Segment net loss | |
| (12,835,048 | ) | |
| (23,196,999 | ) |
| | |
| | | |
| | |
| Reconciliation of net loss: | |
| | | |
| | |
| Adjustments and reconciling items | |
| - | | |
| - | |
| Consolidated net loss | |
$ | (12,835,048 | ) | |
$ | (23,196,999 | ) |
| (1) |
Inclusive of administrative and other, depreciation and amortization, and rental expense, warehousing and outlet expense. |
|