| Segment Reporting |
(10) Segment Reporting
The Company has a single operating and reportable segment: SaaS subscription products. This segment includes add-ons and enhancements that can only be accessed with an active base subscription to its SaaS subscription products. The products are used mainly by subscribers to analyze commercial financial risk for the purpose of extending trade credit, evaluating supply chains, and managing the counterparty risk associated with these relationships.
The Company’s CODM is its Chief Executive Officer and President. The CODM makes operating decisions, assesses performance and allocates resources using the entity-wide revenue and expense information reported on the Condensed Statements of Operations and the more detailed significant expense categories disclosed in the table below. The primary measure of segment profit is net income as reported on the Condensed Statements of Operations.
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| 3 Months Ended
September 30, |
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9 Months Ended
September 30,
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2025
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2024
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2025
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2024
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(As Restated)
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(As Restated)
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(As Restated)
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(As Restated)
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Segment
operating revenues
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| $ | 5,094,736 | |
| $ | 5,009,370 | |
| $ | 15,025,690 | |
| $ | 14,751,845 | |
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Less:
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Significant
segment expenses
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Data
and product costs
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Employee
expenses
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| | 1,340,869 | |
| | 1,388,724 | |
| | 4,232,159 | |
| | 4,230,657 | |
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Data
feed expenses
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| | 553,166 | |
| | 493,249 | |
| | 1,605,034 | |
| | 1,466,307 | |
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Hosting
and computer services expenses
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| | 100,794 | |
| | 78,107 | |
| | 246,034 | |
| | 187,858 | |
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Other
data and product costs
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| | 196,960 | |
| | 245,791 | |
| | 585,996 | |
| | 681,928 | |
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Data
and product costs subtotal
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| | 2,191,789 | |
| | 2,205,871 | |
| | 6,669,223 | |
| | 6,566,750 | |
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Selling,
general and administrative expenses
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Employee
expenses
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| | 1,983,938 | |
| | 1,700,470 | |
| | 5,830,985 | |
| | 5,723,720 | |
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Professional
fee expenses
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| | 326,141 | |
| | 157,442 | |
| | 634,688 | |
| | 474,926 | |
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Marketing
expenses (1)
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| | 187,058 | |
| | 201,498 | |
| | 598,912 | |
| | 687,419 | |
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Occupancy
expenses (2)
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| | 47,745 | |
| | 104,639 | |
| | 271,783 | |
| | 320,943 | |
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Other
general and administrative expenses
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| | 263,399 | |
| | 227,323 | |
| | 842,340 | |
| | 695,661 | |
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Selling,
general and administrative expenses subtotal
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| | 2,808,281 | |
| | 2,391,372 | |
| | 8,178,708 | |
| | 7,902,669 | |
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Other
significant segment items
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Depreciation
and amortization
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| | 78,336 | |
| | 97,513 | |
| | 281,100 | |
| | 291,576 | |
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Other
(income), net
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| | (164,256 | ) |
| | (249,185 | ) |
| | (475,921 | ) |
| | (619,800 | ) |
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Provision
for income taxes
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| | 55,317 | |
| | 176,650 | |
| | 119,679 | |
| | 279,838 | |
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Segment
net income
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| $ | 125,269 | |
| $ | 387,149 | |
| $ | 252,901 | |
| $ | 330,812 | |
(1) Marketing expenses include vendors, trade show conferences, and promotional materials. (2) Occupancy expenses include rent, utilities, repairs, and office supplies.
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