v3.26.1
SEGMENTS
 3 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SEGMENTS

NOTE 10 – SEGMENTS

We define our segments as those operations whose results our chief operating decision maker ("CODM") reviews to analyze performance and allocate resources. We report our financial performance based on one segment.

Our CODM is our chief executive officer. The CODM assesses the performance of the Company and decides how to allocate resources based on consolidated earnings before interest expense, income taxes, depreciation and amortization ("EBITDA"). The CODM uses consolidated EBITDA to analyze how profitable the business is, including reviewing in comparison to budget and in comparison to the prior year performance when making decisions on allocating capital and resources. Significant expense categories regularly provided to and reviewed by the CODM are those presented in the condensed consolidated statement of operations.

Our CODM does not use asset book values in assessing performance or allocating resources for our operating segments and therefore this information is not disclosed.

The following table presents consolidated EBITDA for our single reportable segment:

 

For the three months ended June 30,

 

 

2026

 

 

2025

 

 

 

 

 

 

 

 

Net revenues

 

$

14,480,654

 

 

$

11,857,376

 

Cost of revenues

 

 

(2,237,828

)

 

 

(1,522,398

)

Selling and marketing

 

 

(28,693

)

 

 

(56,531

)

Corporate and administrative

 

 

(2,891,091

)

 

 

(7,337,936

)

Employee salaries and related expenses

 

 

(2,313,283

)

 

 

(5,441,165

)

Consolidated EBITDA

 

 

7,009,759

 

 

 

(2,500,654

)

Adjustments and reconciling items:

 

 

 

 

 

 

Depreciation and amortization

 

 

(3,713,954

)

 

 

(3,510,021

)

Other income

 

 

559,334

 

 

 

496,312

 

Interest expense

 

 

(244,363

)

 

 

(348,330

)

Gain on the extinguishment of debt

 

 

—

 

 

 

—

 

Provision for income taxes

 

 

(36,715

)

 

 

—

 

Net income (loss) from continuing operations

 

$

3,574,061

 

 

$

(5,862,693

)