| Reconciliation of Segment Net Loss to Consolidated Net Loss |
The following table presents financial information, including significant segment expenses, which are regularly provided to the CODM and included within segment and consolidated net loss:
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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 |
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Revenues |
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$ |
458,439 |
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$ |
134,599 |
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$ |
645,423 |
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$ |
134,599 |
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Operating expenses, excluding stock-based compensation |
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Costs of services |
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140,680 |
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116,349 |
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310,781 |
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|
116,349 |
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Research, development and patents |
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968,323 |
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2,116,570 |
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2,076,289 |
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3,832,181 |
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General and administrative |
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1,713,858 |
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1,303,875 |
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3,050,820 |
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2,504,831 |
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Total operating expenses, excluding stock-based compensation |
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2,822,861 |
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3,536,794 |
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5,437,890 |
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6,453,361 |
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Stock-based compensation |
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Research, development and patents |
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60,841 |
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72,082 |
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215,389 |
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196,273 |
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General and administrative |
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115,926 |
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132,815 |
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|
369,139 |
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|
294,567 |
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Total stock-based compensation |
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176,767 |
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|
204,897 |
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|
584,528 |
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|
490,840 |
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Total operating expenses |
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2,999,628 |
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3,741,691 |
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6,022,418 |
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|
6,944,201 |
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Operating loss |
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(2,541,189 |
) |
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(3,607,092 |
) |
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(5,376,995 |
) |
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|
(6,809,602 |
) |
Interest income |
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|
231,931 |
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|
324,955 |
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|
484,895 |
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|
661,066 |
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Other income (expense), net |
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(4,881 |
) |
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|
952 |
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|
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(8,297 |
) |
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|
3,231 |
|
Segment and consolidated net loss |
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$ |
(2,314,139 |
) |
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$ |
(3,281,185 |
) |
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$ |
(4,900,397 |
) |
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$ |
(6,145,305 |
) |
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