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

NOTE 12 - SEGMENT

 

Segment reporting

 

The Company applies the provisions of ASC 280, Segment Reporting. Operating segments are comprised of the components of an entity for which separate information is available to the Company’s chief operating decision maker, or group of decision makers, in determining how to allocate resources and evaluate performance. During the period ending June 30, 2026, the Company consists of two reporting segments: genetic diagnostic testing and Quantum Drones.

 

The Company’s chief operating decision maker (“CODM”) is its Chief Executive Officer.

 

The accounting policies of the Diagnostic segment and Quantum Drones segment are as described in the summary of significant accounting policies. The CODM evaluates the performance of the genetic diagnostic testing segment based on the Company’s net loss as reported on the statements of comprehensive loss as consolidated net loss and operating expense summary (Note 11). The Company’s segment assets are reported on the balance sheet as its total consolidated assets.

 

The following performance measures were used by the CODM:

 

    Quantum Drones     Genetic Diagnostic     Total  
    Three months ended     Three months ended     Three months ended  
    June 30,     June 30,     June 30,  
    2026     2025     2026     2025     2026     2025  
Operating expenses:                                    
Sales and marketing   $ -     $          -     $ 1,458,470     $ 857,847     $ 1,458,470     $ 857,847  
Research and development     4,365,232       -       187,789       101,278       4,553,021       101,278  
General and administrative     131,455       -       3,745,987       670,950       3,877,442       670,950  
Total operating expenses     4,496,687       -       5,392,246       1,630,075       9,888,933       1,630,075  
Other expense     -       -       183,387       51,910       183,387       51,910  
Loss from discontinued operations     -       -       944,160       1,797,848       944,160       1,797,848  
Net loss   $ (4,496,687 )   $ -     $ (6,519,793 )   $ (3,479,833 )   $ (11,016,480 )   $ (3,479,833 )

 

    Quantum Drones     Genetic Diagnostic     Total  
    Six months ended     Six months ended     Six months ended  
    June 30,     June 30,     June 30,  
    2026     2025     2026     2025     2026     2025  
Operating expenses:                                    
Sales and marketing   $ -     $          -     $ 1,740,373     $ 2,018,422     $ 1,740,373     $ 2,018,422  
Research and development     4,365,232       -       214,089       190,026       4,579,321       190,026  
General and administrative     131,455       -       5,900,827       2,167,152       6,032,282       2,167,152  
Total operating expenses     4,496,687       -       7,855,289       4,375,600       12,351,976       4,375,600  
Other expense     -       -       205,939       73,842       205,939       73,842  
Loss from discontinued operations     -       -       3,540,547       4,033,282       3,540,547       4,033,282  
Net loss   $ (4,496,687 )   $ -     $ (11,601,775 )   $ (8,482,724 )   $ (16,098,462 )   $ (8,482,724 )

 

    Quantum Drones     Genetic Diagnostic     Corporate     Total  
  June 30,     December 31,     June 30,     December 31,     June 30,     December 31,     June 30,     December 31,  
Balance Sheet   2026     2025     2026     2025     2026     2025     2026     2025  
Total Assets   $ 5,626,612     $     -     $ 4,365,239     $ 4,625,795     $ 13,376,044     $ 701,602     $ 23,367,895     $ 5,327,396