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

NOTE 11 – SEGMENTS

 

The Company operates and manages its business as one reportable and operating segment as a provider of crew management, training and software creation services. The measure of segment assets is reported on the balance sheet as total assets.

 

The Company’s CODM reviews financial information presented and decides how to allocate resources based on net income. Net income is used for evaluating financial performance.

 

Revenue from crew management, crew manning services, agency fees and recruiting fees where Elvictor acts as a principal is recognized as gross revenue. When the company is acting as an agent, revenue is recognized as net revenue in the accounting period in which the services are rendered. Such revenues are from Allotment fees, communication, training fees, covid-19 fees, and other sundry fees. For all fixed-price contracts, revenue is recognized based on the actual service provided to the end of the reporting period. The following table presents our revenue categories reviewed by our CODM.

 

    June 30,     June 30,  
    2026     2025  
Revenue            
Gross Revenue   $ 1,332,286     $ 949,203  
Net Revenue     360,159       268,879  
Total Revenue   $ 1,692,445     $ 1,218,083  

 

Significant segment expenses include professional fees, salaries, rent and other general and administrative expenses. Operating expenses include all remaining costs necessary to operate our business, which primarily include payroll costs, external professional services and other administrative expenses. The following table presents the significant segment expenses reviewed by our CODM.

 

    June 30,     June 30,  
    2026     2025  
Operating expenses            
Professional fees   $ 148,224     $ 130,892  
Professional fees – Related Party     167,000       45,924  
Salaries     630,970       578,833  
Rent -Related Party     31,503       29,503  
Depreciation and Amortization     34,230       28,715  
Other general and administrative costs     111,957       101,105  
Total operating expenses   $ 1,123,884     $ 914,972