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

NOTE 10 SEGMENT INFORMATION

 

The Company operates and manages its business as two reportable and operating segments. The Company’s CODM reviews financial information presented and decides how to allocate resources based on net income (loss). Net income (loss) is used for evaluating financial performance.

 

Significant segment expenses include salaries and payroll, marketing, public company expenses, audit and accounting, consulting, research and development, travel and entertainment, software subscription and other administrative expenses for the US and salaries and payroll, rent, travel and entertainment, and other administrative expenses. The following table presents the significant segment expenses and other segment items regularly reviewed by our CODM.

 

   Consolidated   US   Taiwan   Consolidated   US   Taiwan 
   Three Months Ended June 30, 2026   Three Months Ended June 30, 2025 
                         
Revenues  $801,846   $71,566   $730,280   $1,527,907   $381,677   $1,146,230 
Cost of Goods Sold   363,284    11,210    352,074    1,083,138    277,684    805,454 
Gross Profit   438,562    60,356    378,206    444,769    103,993    340,776 
    55%   84%   52%   29%   27%   30%
                               
Operating Expenses                              
Salaries and Payroll Expenses   385,981    278,639    107,342    379,270    274,079    105,191 
Travel and Entertainment   72,685    59,127    13,558    122,629    107,979    14,650 
Marketing   89,347    89,347    -    92,843    92,843    - 
Public Company expenses   162,993    162,993    -    3,215    3,215    - 
Audit and Accounting   60,759    60,759    -    107,776    107,776    - 
Research and Development   97,769    97,769    -    51,500    51,500    - 
Rent   39,666    28,518    11,148    42,706    31,599    11,107 
Other operating expenses   239,484    153,812    85,672    177,190    159,575    17,615 
Total Operating Expenses   1,148,685    930,964    217,721    977,129    828,566    148,563 
Income (Loss) from Operations   (710,123)   (870,608)   160,485    (532,360)   (724,573)   192,213 
Interest Income and Other (Expenses), net   30,750    25,719   5,031    (2,111)   (1,539)   (572)
Net Income (Loss) before Income Tax   (679,373)   (844,889)   165,516    (534,471)   (726,112)   191,641 
Income Tax Expense   (114,096)   -    (114,096)   (29,778)   -    (29,778 
Net Income (Loss)  $(793,469)  $(844,889)  $51,420   $(564,249)  $(726,112)  $161,863 

 

 

   Consolidated   US   Taiwan   Consolidated   US   Taiwan 
   Six Months Ended June 30, 2026   Six Months Ended June 30, 2025 
                         
Revenues  $2,296,020   $95,048   $2,200,972   $3,002,484   $620,104   $2,382,380 
Cost of Goods Sold   1,362,250    35,396    1,326,854    2,269,503    461,312    1,808,191 
Gross Profit   933,770    59,652    874,118    732,981    158,792    574,189 
    41%   63%   40%   24%   26%   24%
                               
Operating Expenses                              
Salaries and Payroll Expenses   746,435    524,829    221,606    723,480    528,044    195,436 
Travel and Entertainment   138,128    113,791    24,337    265,207    237,943    27,264 
Stock Compensation   -    12,000    -    -    -    - 
Marketing   195,823    195,823    -    169,098    169,098    - 
Public Company expenses   224,698    224,698    -    60,291    60,291    - 
Audit and Accounting   150,846    150,846    -    275,659    275,659    - 
Research and Development   127,769    127,769    -    84,500    84,500    - 
Rent   76,922    52,824    24,098    77,712    54,514    23,198 
Other operating expenses   536,973    387,586    149,388    444,952    360,330    84,622 
Total Operating Expenses   2,209,595    1,790,166    419,429    2,100,899    1,770,379    330,520 
Income (Loss) from Operations   (1,275,825)   (1,730,514)   454,689    (1,367,918)   (1,611,587)   243,669 
Interest Income and Other (Expenses), net   63,621    52,700    10,921    39,775    37,602    2,173 
Net Income (Loss) before Income Tax   (1,212,204)   (1,677,814)   465,610    (1,328,143)   (1,573,985)   245,842 
Income Tax Expense   (114,096)   -    (114,096)   (29,778)   -    (29,778)
Net Income (Loss)  $(1,326,300)  $(1,677,814)  $351,514   $(1,357,921)  $(1,573,985)  $216,064 

 

Furthermore, due to operations in various geographic locations, we are susceptible to changes in national, regional, and local economic conditions, demographic trends, consumer confidence in the economy, and discretionary spending priorities that may have a material adverse effect on our future operations and results.

 

We are required to collect certain taxes and fees from customers on behalf of government agencies and remit them back to the applicable governmental agencies on a periodic basis. The taxes and fees are legal assessments to the customer, for which we have a legal obligation to act as a collection agent. Because we do not retain the taxes and fees, we do not include such amounts in revenue. We record a liability when the amounts are collected and relieve the liability when payments are made to the applicable governmental agencies.

 

The Net Revenues for our significant geographic regions are as follows:

 

   For the
Six Months ended		   For the
Six Months ended		 
   Net Revenues 
   For the
Six Months ended		   For the
Six Months ended		 
   June 30, 2026   June 30, 2025 
United States  $95,048   $620,104 
Republic of China (Taiwan)  $2,200,972   $2,382,380 
Total Consolidated  $2,296,020   $3,002,484 

 

The net assets (liabilities) for our significant geographic regions are as follows:

 

   As of    As of 
   Net Assets (Liabilities) 
   As of    As of 
   June 30, 2026   December 31, 2025 
United States  $4,208,703   $3,918,970 
Republic of China (Taiwan)  $1,198,252   $860,792 
           
Total Consolidated  $5,406,955   $4,779,762