| Segment information |
Note
17 – Segment information
The
Company operates as one operating segment, which primarily focuses on platform subscription fees, platform services, managed activations,
and professional services. The Company’s chief executive officer is the chief operating decision-maker (“CODM”), manages
and allocates resources to the operations of the Company on an entity-wide basis based on the U.S. and International (Singapore, Malaysia,
Vietnam and India).
Disaggregated
information of revenues by services is as follows:
Schedule of disaggregated information of revenues by services
| | |
December 31, 2025 | | |
December 31, 2024 | | |
December 31, 2023 | |
| | |
For the Years Ended
| |
| | |
December 31, 2025 | | |
December 31, 2024 | | |
December 31, 2023 | |
| | |
US$ | | |
US$ | | |
US$ | |
| Platform subscription fee | |
$ | 2,626,572 | | |
$ | 4,408,157 | | |
$ | 3,167,832 | |
| Platform services | |
| 3,310,716 | | |
| 6,233,241 | | |
| 5,244,360 | |
| Managed activations and professional services | |
| 101,254 | | |
| 178,967 | | |
| 313,624 | |
| Total revenues | |
$ | 6,038,542 | | |
$ | 10,820,365 | | |
$ | 8,725,816 | |
Schedule of geographic areas by revenues
| | |
December 31, 2025 | | |
December 31, 2024 | | |
December 31, 2023 | |
| | |
For the Years Ended
| |
| | |
December 31, 2025 | | |
December 31, 2024 | | |
December 31, 2023 | |
| | |
US$ | | |
US$ | | |
US$ | |
| U.S. | |
$ | 5,000,611 | | |
$ | 10,422,293 | | |
$ | 8,446,459 | |
| Singapore | |
| 1,037,931 | | |
| 398,072 | | |
| 279,357 | |
| Total revenues | |
$ | 6,038,542 | | |
$ | 10,820,365 | | |
$ | 8,725,816 | |
In
addition, the key measure of segment profitability that the CODM uses to allocate resources and assess performance is net loss, as reported
on the statements of operations. The following table presents the significant revenue and expense categories of the Company’s single
operating segment:
Schedule of significant revenue and expense categories
| | |
December 31, 2025 | | |
December 31, 2024 | | |
December 31, 2023 | |
| | |
For the Years Ended
| |
| | |
December 31, 2025 | | |
December 31, 2024 | | |
December 31, 2023 | |
| | |
US$ | | |
US$ | | |
US$ | |
| Revenue | |
$ | 6,038,542 | | |
$ | 10,820,365 | | |
$ | 8,725,816 | |
| Media costs | |
| (2,893,685 | ) | |
| (5,743,003 | ) | |
| (5,050,107 | ) |
| Data costs | |
| (902,596 | ) | |
| (1,362,001 | ) | |
| (1,382,524 | ) |
| Infrastructure costs | |
| (1,289,912 | ) | |
| (1,232,942 | ) | |
| (1,742,950 | ) |
| Salary and benefits costs | |
| (4,421,961 | ) | |
| (4,914,926 | ) | |
| (5,094,148 | ) |
| Amortization of capitalized software development costs | |
| (794,047 | ) | |
| (744,993 | ) | |
| (592,458 | ) |
| Professional
fees |
|
|
(3,240,293 |
) |
|
|
(557,640 |
) |
|
|
(1,109,175 |
) |
| Other cost of revenue | |
| (9,096 | ) | |
| (42,691 | ) | |
| (8,594 | ) |
| Other platform operations expenses | |
| (494,564 | ) | |
| (478,369 | ) | |
| (428,218 | ) |
| Other sales and marketing expenses | |
| (283,815 | ) | |
| (451,798 | ) | |
| (576,152 | ) |
| Other technology and development expenses | |
| (380,528 | ) | |
| (401,746 | ) | |
| (356,180 | ) |
| Other general and administrative expenses | |
| (718,495 | ) | |
| (398,424 | ) | |
| (343,605 | ) |
| Other segment (expenses) income | |
| (2,051,108 | ) | |
| (317,220 | ) | |
| 26,762 | |
| Provision for income taxes | |
| (103,616 | ) | |
| (58,223 | ) | |
| (33,239 | ) |
| Net loss | |
$ | (11,545,174 | ) | |
$ | (5,883,611 | ) | |
$ | (7,964,772 | ) |
|