| Schedule of Segment Information |
The following tables set forth significant expense categories and other specified amounts included in consolidated net income that are otherwise regularly provided to the CODM for the three months and six months ended June 30, 2026 and 2025:
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Three Months Ended June 30, |
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Six Months Ended June 30, |
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2026 |
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2025 |
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2026 |
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2025 |
|
Revenue |
|
$ |
7,899,249 |
|
|
$ |
10,963,174 |
|
|
$ |
14,034,779 |
|
|
$ |
26,930,195 |
|
Cost of goods sold |
|
|
3,058,588 |
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|
|
685,177 |
|
|
|
5,434,627 |
|
|
|
1,538,615 |
|
Gross profit |
|
|
4,840,661 |
|
|
|
10,277,997 |
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|
|
8,600,152 |
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|
|
25,391,580 |
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|
|
|
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General and administrative |
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|
521,980 |
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|
|
700,222 |
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|
1,017,523 |
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|
|
1,412,898 |
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Research and development |
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|
23,430 |
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|
|
30,645 |
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|
|
49,644 |
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|
|
50,900 |
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Sales and marketing |
|
|
917,430 |
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|
|
109,044 |
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|
|
1,375,866 |
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|
|
239,460 |
|
Professional fees |
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|
5,020,081 |
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|
4,751,253 |
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|
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11,119,844 |
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|
|
9,194,599 |
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Compensation and related |
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|
6,069,110 |
|
|
|
4,513,335 |
|
|
|
11,092,759 |
|
|
|
9,016,939 |
|
Depreciation and amortization |
|
|
689,317 |
|
|
|
60,739 |
|
|
|
1,229,754 |
|
|
|
114,700 |
|
Interest income, net |
|
|
(23,362 |
) |
|
|
(64,785 |
) |
|
|
(87,037 |
) |
|
|
(93,332 |
) |
Other expense (income) |
|
|
594,035 |
|
|
|
(409 |
) |
|
|
592,864 |
|
|
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(3,070 |
) |
Income tax expense |
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|
- |
|
|
|
167,340 |
|
|
|
- |
|
|
|
1,539,751 |
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Segment expense |
|
|
13,812,021 |
|
|
|
10,267,384 |
|
|
|
26,391,217 |
|
|
|
21,472,845 |
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Net (loss) income |
|
$ |
(8,971,360 |
) |
|
$ |
10,613 |
|
|
$ |
(17,791,065 |
) |
|
$ |
3,918,735 |
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Note that the amounts presented above for research and development, sales and marketing, and general and administrative are exclusive of share-based compensation, payroll, and professional fee expenses.
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