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

NOTE 15 – SEGMENT REPORTING

 

The Company has determined that it has a single operating segment.

 

The Company’s CEO is the CODM. The CODM reviews financial information presented for the purposes of allocating resources and evaluating financial performance at an entity level and the Company has no segment managers who are held accountable by the CODM for operations and operating results. The products and services across the Company are similar in nature, distributed in a comparable manner and have customers with common characteristics. Refer to Note 2 – Summary of Significant Accounting Policies.

 

The following table presents selected financial information with respect to the Company’s single operating segment:

 

    Three Months Ended
June 30,		     Six Months Ended
June 30,		  
    2026     2025     2026     2025  
Net revenue   $ 4,429     $ 5,837     $ 9,873     $ 11,350  
Cost of revenue     1,568       1,499       3,426       2,705  
Gross profit   $ 2,861     $ 4,338     $ 6,447     $ 8,645  
Less: Employee expense     900       2,674       3,263       5,238  
Contractor expense     120       271       317       533  
Occupancy expense     80       367       156       617  
Professional services expense     221       287       689       575  
Technology platform hosting expense     153       475       323       664  
Credit loss expense     130       130       280       220  
Other expenses ^     1,276       860       1,577       1,952  
Loss from operations   $ (19 )   $ (726 )   $ (158 )   $ (1,154 )
Interest income     -       33       -       33  
Interest expense     (2,340 )     (317 )     (2,695 )     (640 )
Loss on disposal     -       (131       -       (131  
Change in fair value of warrants     6       -       6       -  
Net loss   $ (2,353 )   $ (1,141 )   $ (2,847 )   $ (1,892 )

 

^ Other expenses include all other operating expenses, including insurance, subscriptions for software used in the operations, stock-based compensation, depreciation and amortization and severance payments.

 

The measure of segment assets is reported on the condensed balance sheet as total assets.