v3.26.1
Business Segment Information
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Business Segment Information

Note 4 – Business Segment Information

The Company operates primarily in three distinct business segments: Commercial Construction, Residential Construction, and Real Estate Development.

Commercial Construction: This segment includes all activities related to the construction of commercial properties such as office buildings, retail spaces, and industrial facilities. Revenue is recognized using the cost-to-cost method, reflecting the extent of work performed on contracts.

Residential Construction: This segment focuses on the construction of residential properties, including single-family homes and multi-family units. Revenue recognition is similarly based on the cost-to-cost method.

Real Estate Development: This segment encompasses the acquisition, development, and sale of real estate properties. Revenue is recognized upon the sale of developed properties and is influenced by market conditions and demand for residential and commercial properties. The company views this segment as a strategic growth opportunity in the future. We are actively exploring development opportunities and anticipate expanding our footprint in this area over the coming years.

The Company’s segment profit or loss is measured using gross profit, which is the primary performance metric utilized by management to evaluate the financial results of each reportable segment. For segment reporting purposes, gross profit is calculated as the difference between segment revenue and the direct costs associated with specific projects or contracts. These direct costs include materials, labor, subcontractors, and other project-specific expenses directly attributable to the construction activities of each segment.

The financial performance of each segment is regularly reviewed with operational leaders in charge of these segments, the Chief Executive Officer (CEO), the Chief Financial Officer (CFO) and others. The Company’s segment disclosures are presented in accordance with the guidance set forth in ASC 280, Segment reporting. Specifically, the disclosures comply with the requirements outlined in ASC 280-10-50-22 through 50-26, which mandate that an entity disclose certain information about its operating segments to enable users of the financial statements to understand the financial performance of different parts of the business.

In accordance with ASC 280-10-50-22, the Company discloses financial information for each reportable segment, including revenue, operating profit or loss, and other significant items that are used by the chief operating decision maker (CODM) in assessing the performance and making decisions about the allocation of resources. The Company identifies its reportable segments based on the internal management structure, and all relevant information is disclosed in the segment footnote as required.

In accordance with ASC 280-10-50-29, the disclosures also adhere to the requirements of which mandate that the financial information provided for each segment should include items such as capital expenditures, depreciation, and amortization, when appropriate. The disclosures reflect the performance and financial position of each segment, and a reconciliation of segment totals to the overall consolidated financial results, including total segment profit or loss and other significant disclosures.

The Company’s segment disclosures are presented in accordance with the requirements set forth in ASC 280-10-50-30(b) and (c), which specify the need to disclose the total of reportable segments' profit or loss, as well as the basis of measurement used to determine the segment results.

In accordance with ASC 280-10-50-30(b), the Company provides the total of profit or loss for all reportable segments, which reflects the combined operating results for each reportable segment included in the financial statements. The total segment profit or loss represents the aggregation of segment results before the allocation of corporate expenses and certain other items not attributable to specific segments.

As required by ASC 280-10-50-30(c), the Company has also disclosed the basis of measurement for segment profit or loss. The measure used to assess segment performance and allocate resources is operating income (or loss), which includes revenues, cost of sales, and directly attributable operating expenses for each segment. The operating income (or loss) for each reportable segment is reviewed by the Company’s chief operating decision maker (CODM) and serves as the primary performance metric used in resource allocation and operational decision-making.

Segment information is as follows:

 

For the six months ended June 30, 2026

 

Commercial

 

Residential

 

Real Estate Development

 

Rental Income

 

Consolidated

 

Sales

 

$

11,530,317

 

$

1,952,583

 

$

8,267,020

 

$

5,395

 

$

21,755,315

 

Cost of Goods Sold

 

 

10,217,333

 

 

1,584,216

 

 

7,325,635

 

-

 

 

19,127,184

 

Gross Profit (Loss)

 

 

1,312,984

 

 

368,367

 

 

941,385

 

 

5,395

 

 

2,628,131

 

 

 

 

 

 

 

 

 

 

 

 

Operating Expenses

 

 

 

 

 

 

 

-

 

 

 

Selling & Marketing Expenses

 

 

1,708,041

 

 

290,045

 

 

1,224,633

 

-

 

 

3,222,719

 

General & Administrative Expenses

 

 

3,576,134

 

 

583,605

 

 

2,468,332

 

 

1,000

 

 

6,629,071

 

Rent expense-related party

 

 

88,944

 

 

15,104

 

 

63,771

 

-

 

 

167,819

 

Depreciation and amortization expense

 

 

63,753

 

 

10,826

 

 

45,710

 

-

 

 

120,289

 

Total Operating Expense

 

 

5,436,872

 

 

899,580

 

 

3,802,446

 

 

1,000

 

 

10,139,898

 

 

 

 

 

 

 

 

 

 

 

 

Income (loss) From Operations

 

 

(4,123,888

)

 

(531,213

)

 

(2,861,061

)

 

4,395

 

 

(7,511,767

)

 

 

 

 

 

 

 

 

 

 

 

OTHER INCOME (EXPENSE)

 

 

 

 

 

 

 

 

 

 

 

Other Income (expenses)

 

 

(537

)

 

(92

)

 

(385

)

-

 

 

(1,014

)

Interest Income

 

 

131,817

 

 

22,384

 

 

94,511

 

-

 

 

248,712

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL OTHER INCOME

 

 

131,280

 

 

22,292

 

 

94,126

 

-

 

 

247,698

 

 

 

 

 

 

 

 

 

 

 

 

NET INCOME (LOSS)

 

$

(3,992,608

)

$

(508,921

)

$

(2,766,935

)

$

4,395

 

$

(7,264,069

)

 

For the six months ended June 30, 2025

 

Commercial

 

 

Residential

 

 

Real Estate
Development

 

 

Consolidated

 

Sales

 

$

6,679,416

 

 

$

1,917,335

 

 

$

1,002,050

 

 

$

9,598,801

 

Cost of Goods Sold

 

 

5,674,320

 

 

 

1,322,961

 

 

 

874,619

 

 

 

7,871,900

 

Gross Profit (Loss)

 

 

1,005,096

 

 

 

594,374

 

 

 

127,431

 

 

 

1,726,901

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating Expenses

 

 

 

 

 

 

 

 

 

 

 

 

Selling & Marketing Expenses

 

 

396,742

 

 

 

169,495

 

 

 

3,549

 

 

 

569,786

 

General & Administrative Expenses

 

 

2,397,340

 

 

 

949,251

 

 

 

96,379

 

 

 

3,442,970

 

Rent Paid- Related Party

 

 

62,799

 

 

 

23,418

 

 

 

3,973

 

 

 

90,190

 

Depreciation and amortization expense

 

 

87,703

 

 

 

19,360

 

 

 

18,893

 

 

 

125,956

 

Total Operating Expense

 

 

2,944,584

 

 

 

1,161,524

 

 

 

122,794

 

 

 

4,228,902

 

 

 

 

 

 

 

 

 

 

 

 

 

Loss From Operations

 

 

(1,939,488

)

 

 

(567,150

)

 

 

4,637

 

 

 

(2,502,001

)

 

 

 

 

 

 

 

 

 

 

 

 

OTHER INCOME (EXPENSE)

 

 

 

 

 

 

 

 

 

 

 

 

Other Income (Expenses)

 

 

34,215

 

 

 

14,923

 

 

-

 

 

 

49,138

 

Interest Income

 

 

79,320

 

 

 

28,480

 

 

 

6,116

 

 

 

113,916

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL OTHER INCOME

 

 

113,535

 

 

 

43,403

 

 

 

6,116

 

 

 

163,054

 

 

 

 

 

 

 

 

 

 

 

 

 

NET INCOME (LOSS)

 

$

(1,830,321

)

 

$

(510,105

)

 

$

1,479

 

 

$

(2,338,947

)