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

15. SEGMENTS

 

The Company’s Chief Operating Decision Maker (“CODM”) is the CEO, Gary Schubert, and he has determined that the Company operates in one reportable segment: the delivery of specialty foods. This determination was made based upon the characteristics of the Company’s business and the information used by the CODM in order monitor the business and allocate resources.

 

The CODM uses consolidated revenue, gross margin percentage and net income to monitor results. The CODM also uses revenue by category to monitor the growth of the business in each of the Company’s target markets.

  

The following table presents the Company’s segment results:

 

   For the Six Months Ended
June 30, 2026		   For the Six Months Ended
June 30, 2025		         
   Amount   %   Amount   %   $ Change   % Change 
Revenue:                        
Digital Channels  $13,695,210    54.3%  $16,213,095    51.2%  $(2,517,885)   -15.5%
National distribution  $5,258,919    20.8%  $6,784,281    21.4%  $(1,525,362)   -22.5%
Local distribution  $6,279,566    24.9%  $8,666,329    27.4%  $(2,386,763)   -27.5%
Total revenue  $25,233,695    100.0%  $31,663,705    100.0%  $(6,430,010)   -20.3%
                               
Cost of sales  $18,692,604    74.1%  $23,464,629    74.1%  $(4,772,025)   -20.3%
Gross margin  $6,541,091    25.9%  $8,199,076    25.9%  $(1,657,985)   -20.2%
                               
Cash OpEx:                              
Payroll & related costs  $3,651,958    14.5%  $4,816,333    15.2%  $(1,164,375)   -24.2%
Computer and IT  $307,254    1.2%  $204,377    0.6%  $102,877    50.3%
Office, facility, vehicles  $504,369    2.0%  $650,361    2.1%  $(145,992)   -22.4%
Insurance  $325,008    1.3%  $267,240    0.8%  $57,768    21.6%
Travel & entertainment  $37,426    0.1%  $49,595    0.2%  $(12,169)   -24.5%
Advertising & marketing  $2,301    0.0%  $6,025    0.0%  $(3,724)   -61.8%
Banking and credit card processing  $9,912    0.0%  $23,735    0.1%  $(13,823)   -58.2%
Professional fees  $703,597    2.9%  $826,502    2.6%  $(122,905)   -14.9%
   $5,541,825    22.0%  $6,844,168    21.6%  $(1,302,343)   -19.0%
Non-cash OpEx:                              
Credit loss expense  $15,530    0.1%  $9,489    0.0%  $6,041    63.7%
Share based compensation  $31,605    0.1%  $(24,861)   -0.1%  $56,466    -227.1%
Depreciation & amortization  $141,902    0.6%  $139,660    0.4%  $2,242    1.6%
Taxes & fees  $64,523    0.2%  $143,594    0.5%  $(79,071)   -55.1%
   $253,560    1.0%  $267,882    0.8%  $(14,322)   -5.3%
Non-Operating (Income) Expense:                              
Interest expense  $7,932    0.0%  $7,651    0.0%  $281    3.7%
Total other (income) expense  $7,932    0.0%  $7,651    0.0%  $281    -3.7%
                               
Income tax expense   28,391    0.1%   -    0.0%   28,391    N/A 
                               
Net income (loss) from continuing operations  $709,383    2.8%  $1,079,375    3.4%  $(369,992)   -34.3%
                               
Other segment disclosures:                              
Segment assets  $12,254,829        $17,307,322                
Expenditures for segment assets  $31,183        $208,886                
   For the Three Months Ended
June 30, 2026		   For the Three Months Ended
June 30, 2025		         
   Amount   %   Amount   %   $ Change   % Change 
Revenue:                        
Digital Channels  $7,058,453    54.1%  $8,478,401    51.0%  $(1,419,948)   -16.7%
National distribution  $2,780,031    21.3%  $3,926,578    23.6%  $(1,146,547)   -29.2%
Local distribution  $3,218,638    24.7%  $4,232,711    25.4%  $(1,014,073)   -24.0%
Total revenue  $13,057,122    100.1%  $16,637,690    100.0%  $(3,580,568)   -21.5%
                               
Cost of sales  $9,638,652    38.2%  $12,358,878    39.0%  $(2,720,226)   -22.0%
Gross margin  $3,418,470    26.2%  $4,278,812    25.7%  $(860,342)   -20.1%
                               
Cash OpEx:                              
Payroll & related costs  $1,797,772    13.8%  $2,535,814    15.3%  $(738,042)   -29.1%
Computer and IT  $164,433    1.2%  $102,608    0.6%  $61,825    60.3%
Office, facility, vehicles  $284,733    2.2%  $343,923    2.1%  $(59,190)   -17.2%
Insurance  $142,204    1.1%  $154,162    0.9%  $(11,958)   -7.8%
Travel & entertainment  $15,156    0.1%  $29,590    0.2%  $(14,434)   -48.8%
Advertising & marketing  $750    0.0%  $4,542    0.0%  $(3,792)   -83.5%
Banking and credit card processing  $5,688    0.0%  $15,189    0.1%  $(9,501)   -62.6%
Professional fees  $454,154    3.5%  $301,053    1.8%  $153,101    50.9%
   $2,864,890    21.9%  $3,486,881    21.0%  $(621,991)   -17.8%
Non-cash OpEx:                              
Credit loss expense  $7,331    0.1%  $108    0.0%  $7,223    6688.0%
Share based compensation  $23,141    0.2%  $(186,657)   -1.1%  $209,798    -112.4%
Depreciation & amortization  $81,572    0.5%  $67,911    0.4%  $13,661    20.1%
Taxes & fees  $46,523    0.4%  $84,000    0.5%  $(37,477)   -44.6%
   $158,567    1.2%  $(34,638)   -0.2%  $193,205    -557.8%
Non-Operating (Income) Expense:                              
Interest expense  $630    0.0%  $1,014    0.0%  $(384)   -37.9%
Total other (income) expense  $630    0.0%  $1,014    0.0%  $(384)   37.9%
                               
Income tax expense   28,391    0.2%   -    0.0%   28,391    N/A 
                               
Net income (loss) from continuing operations  $365,992    2.8%  $825,556    5.0%  $(459,564)   -55.7%
                               
Other segment disclosures:                              
Segment assets  $12,254,829        $17,307,322                
Expenditures for segment assets  $-        $45,520