v3.26.1
Segment Reporting and Information about Geographic Areas
6 Months Ended
Jun. 30, 2026
Segment Reporting and Information about Geographic Areas [Abstract]  
SEGMENT REPORTING AND INFORMATION ABOUT GEOGRAPHIC AREAS

17. SEGMENT REPORTING AND INFORMATION ABOUT GEOGRAPHIC AREAS

 

Our Chief Executive Officer, as the CODM, organizes our company, manages resource allocations and measures performance among two operating and reportable segments: (i) Educational programs and services and (ii) HybriU licensing and sales for internal management purposes. The Company’s CODM makes decisions on resource allocation, evaluates operating performance, and monitors budget versus actual results using gross profit. The following table presents revenues, cost of revenues, and gross profit by reportable segment:

 

   Six Months ended
June 30,
 
   2025   2026 
NET REVENUES        
- Educational programs and services  $3,902   $4,074 
- HybriU licensing and sales   1,178    1,118 
Total net revenues   5,080    5,192 
COST OF REVENUES          
- Educational programs and services   (2,049)   (2,276)
- HybriU licensing and sales   (220)   
 
Total cost of revenues   (2,269)   (2,276)
           
GROSS PROFIT          
- Educational programs and services   1,853    1,798 
- HybriU licensing and sales   958    1,118 
Total gross profit  $2,811   $2,916