v3.26.1
Segment Information
 6 Months Ended
Jun. 30, 2026
Segment Information [Abstract]  
SEGMENT INFORMATION

NOTE 14: SEGMENT INFORMATION

 

The Company operates as one operating segment where it derives its revenue from the delivery of truckload services. To assess performance the chief operating decision maker (“CODM”), who is the Chief Executive Officer, evaluates the operating results and performance through net income. Our CODM regularly reviews net income as reported on the statement of operations for purposes of evaluating performance, allocating resources, setting incentive compensation targets, and planning and forecasting future periods. In addition to net income overall, the CODM also regularly reviews additional significant expense categories, which comprise costs of revenue within the Company’s unaudited condensed consolidated statements of operations. All other financial statement metrics are reviewed and/or considered on a consolidated basis:

 

    For The
Three Months Ended
June 30,
2026		     For The
Three Months Ended
June 30,
2025		  
Revenue            
Non-related revenue   $ 4,640,068     $ 3,968,924  
Total revenue     4,640,068       3,968,924  
                 
Costs and expenses                
Independent contractor drivers     2,885,039       2,515,998  
Insurance     496,202       340,416  
Truck maintenance costs     95,363       41,396  
Equipment rental     32,261       128,827  
Equipment rental-related party     47,562       106,491  
Parking rent     230,000       199,500  
Depreciation and amortization     162,594       200,891  
Other costs of revenue     88,530       219,801  
Other costs of revenue – related parties     225,000       243,535  
Total cost of revenue     4,262,551       3,996,855  
General and administrative expenses                
Stock-based compensation     -       985,550  
Other general and administrative expenses     718,143       575,632  
Total general and administrative expenses     718,143       1,561,182  
Total cost and expenses     4,980,694       5,558,037  
                 
Loss from operations     (340,626 )     (1,589,113 )
                 
Other (expense) income                
Interest expense     (54,557 )     (152,087 )
Interest income     88,472       100,859  
Total other income (expense), net     33,915       (51,228 )
                 
Loss before income taxes     (306,711 )     (1,640,342 )
                 
Provision for (benefit from) income taxes:     -       (108,819 )
                 
Net loss   $ (306,711 )   $ (1,531,523 )

 

 

    For The
Six Months Ended
June 30,
2026		     For The
Six Months Ended
June 30,
2025		  
Revenue
Non-related revenue   $ 8,747,011     $ 7,780,534  
Total revenue     8,747,011       7,780,534  
                 
Costs and expenses                
Independent contractor drivers     5,433,388       4,915,762  
Insurance     1,292,047       734,227  
Truck maintenance costs     191,534       110,511  
Equipment rental     87,828       176,690  
Equipment rental-related party     95,170       219,744  
Parking rent     401,630       377,125  
Depreciation and amortization     319,980       365,142  
Other costs of revenue     190,030       405,596  
Other costs of revenue – related parties     525,000       393,535  
Total cost of revenue     8,536,607       7,698,332  
General and administrative expenses                
Stock-based compensation     -       985,550  
Other general and administrative expenses     1,265,099       1,092,882  
Total general and administrative expenses     1,265,099       2,078,432  
Total cost and expenses     9,801,706       9,776,764  
                 
Loss from operations     (1,054,695 )     (1,996,230 )
                 
Other (expense) income                
Interest expense     (81,720 )     (252,118 )
Interest income     175,972       173,192  
Total other income (expense), net     94,252       (78,926 )
                 
Loss before income taxes     (960,443 )     (2,075,156 )
                 
Provision for (benefit from) income taxes:     -       (15,159 )
                 
Net loss   $ (960,443 )   $ (2,059,997 )