| Schedule of Disaggregated Revenue |
The following table provides
information about disaggregated revenue by revenue stream.
| |
|
Three Months
Ended
June 30,
2026 |
|
|
Three Months
Ended
June 30,
2025 |
|
| Real estate service revenue |
|
|
|
|
|
|
| Real estate agency commission |
|
$ |
39,350 |
|
|
$ |
24,569 |
|
| Property management service |
|
|
2,907 |
|
|
|
1,767 |
|
| Home renovation service |
|
|
113,500 |
|
|
|
72,817 |
|
| Mortgage referral fee |
|
|
8,820 |
|
|
|
20,303 |
|
| Total real estate service revenue |
|
|
164,577 |
|
|
|
119,456 |
|
| Revenue from property purchases and sales through Cash Offer |
|
|
5,247,200 |
|
|
|
4,680,100 |
|
| Total revenues |
|
$ |
5,411,777 |
|
|
$ |
4,799,556 |
|
| |
|
Six Months
Ended
June 30,
2026 |
|
|
Six Months
Ended
June 30,
2025 |
|
| Real estate service revenue |
|
|
|
|
|
|
| Real estate agency commission |
|
$ |
93,850 |
|
|
$ |
236,086 |
|
| Property management service |
|
|
9,764 |
|
|
|
3,534 |
|
| Home renovation service |
|
|
113,500 |
|
|
|
82,769 |
|
| Mortgage referral fee |
|
|
21,933 |
|
|
|
26,603 |
|
| Total real estate service revenue |
|
|
239,047 |
|
|
|
348,992 |
|
| Revenue from property purchases and sales through Cash Offer |
|
|
10,080,200 |
|
|
|
10,159,990 |
|
| Total revenues |
|
$ |
10,319,247 |
|
|
$ |
10,508,982 |
|
|
| Schedule of Segment Revenue, Segment Profit or Loss |
The following tables present
the segment revenues, segment profit or loss, and significant segment expenses included in the measure of segment performance for the
three and six months ended June 30, 2026 and 2025:
| |
|
Three Months
Ended
June 30,
2026 |
|
|
Three Months
Ended
June 30,
2025 |
|
| Segment revenues(1) |
|
$ |
5,411,777 |
|
|
$ |
4,799,556 |
|
| Less: |
|
|
|
|
|
|
|
|
| Cost of revenues |
|
|
5,253,058 |
|
|
|
4,690,014 |
|
| Segment gross profit |
|
|
158,719 |
|
|
|
109,542 |
|
| Less: |
|
|
|
|
|
|
|
|
| Payroll and payroll tax expenses |
|
|
64,766 |
|
|
|
49,232 |
|
| Legal and accounting expenses |
|
|
110,969 |
|
|
|
6,445 |
|
| Rent expense |
|
|
70,547 |
|
|
|
11,999 |
|
| Other segment items(2) |
|
|
28,931 |
|
|
|
15,587 |
|
| Depreciation and amortization |
|
|
47,143 |
|
|
|
4,768 |
|
| Interest expense |
|
|
516 |
|
|
|
647 |
|
| Income tax (benefit) expense |
|
|
(35,648 |
) |
|
|
6,446 |
|
| Segment net (loss) income |
|
$ |
(128,505 |
) |
|
$ |
14,418 |
|
| |
|
|
|
|
|
|
|
|
| Reconciliation of profit or loss |
|
|
|
|
|
|
|
|
| Adjustments and reconciling items |
|
|
— |
|
|
|
— |
|
| Consolidated net (loss) income |
|
$ |
(128,505 |
) |
|
$ |
14,418 |
|
| |
|
Six Months
Ended
June 30,
2026 |
|
|
Six Months
Ended
June 30,
2025 |
|
| Segment revenues(1) |
|
$ |
10,319,247 |
|
|
$ |
10,508,982 |
|
| Less: |
|
|
|
|
|
|
|
|
| Cost of revenues |
|
|
9,974,500 |
|
|
|
10,137,523 |
|
| Segment gross profit |
|
|
344,747 |
|
|
|
371,459 |
|
| Less: |
|
|
|
|
|
|
|
|
| Payroll and payroll tax expenses |
|
|
134,215 |
|
|
|
101,339 |
|
| Legal and accounting expenses |
|
|
278,682 |
|
|
|
46,571 |
|
| Rent expense |
|
|
124,201 |
|
|
|
24,049 |
|
| Other segment items(2) |
|
|
42,926 |
|
|
|
55,827 |
|
| Depreciation and amortization |
|
|
94,286 |
|
|
|
9,407 |
|
| Interest expense |
|
|
1,062 |
|
|
|
1,329 |
|
| Income tax (benefit) expense |
|
|
(67,450 |
) |
|
|
37,890 |
|
| Segment net (loss) income |
|
$ |
(263,175 |
) |
|
$ |
95,047 |
|
| |
|
|
|
|
|
|
|
|
| Reconciliation of profit or loss |
|
|
|
|
|
|
|
|
| Adjustments and reconciling items |
|
|
— |
|
|
|
— |
|
| Consolidated net (loss) income |
|
$ |
(263,175 |
) |
|
$ |
95,047 |
|
| (1) | Segment revenues represent revenues from external customers
and are consistent with consolidated net revenues as reported in the Company’s consolidated statements of income. The Company had
no intersegment sales during the periods presented. |
| (2) | Other segment items include marketing expenses, insurance expenses,
office expenses, and other overhead expenses. |
|
| Schedule of Segment Assets and Expenditures for Segment Assets |
Expenditures for segment assets include additions to long-lived assets.
| |
|
June 30,
2026 |
|
|
December 31,
2025 |
|
| Segment assets |
|
$ |
8,366,154 |
|
|
$ |
10,015,073 |
|
| |
|
Three Months
Ended
June 30,
2026 |
|
|
Three Months
Ended
June 30,
2025 |
|
| Expenditures for segment assets(1) |
|
$ |
— |
|
|
$ |
— |
|
| |
|
Six Months
Ended
June 30,
2026 |
|
|
Six Months
Ended
June 30,
2025 |
|
| Expenditures for segment assets(1) |
|
$ |
350 |
|
|
$ |
— |
|
| (1) | Expenditures for segment assets represent capital expenditures,
including purchases of property and equipment and capitalized intangible assets. |
|