| Segment Reporting [Text Block] |
Note 11 — Segments
The Company’s business is organized into six reportable segments which aggregate 100% of revenue:
| 1) | Real Estate Brokerage Services (Residential) |
| 5) | Real Estate Brokerage Services (Commercial) |
| 6) | Title Settlement and Insurance |
The reporting segments follow the same accounting policies used in the preparation of the Company’s condensed consolidated financial statements. The following represents the information for the Company’s reportable segments for the three months and six months ended June 30, 2026 and 2025, respectively.
| Three Months Ended June 30, | | Six Months Ended June 30, | |
| 2026 | | 2025 | | 2026 | | 2025 | |
Revenue by segment | | | | | | | | | | | | |
Real Estate Brokerage Services (Residential) |
$
| 14,655,979 | |
$
| 19,709,947 | |
$
| 27,701,164 | |
$
| 33,980,226 | |
Franchising Services | | 21,576 | | | 31,222 | | | 56,699 | | | 70,000 | |
Coaching Services | | 299 | | | 122,692 | | | 22,257 | | | 217,226 | |
Property Management | | 94,829 | | | 101,642 | | | 195,498 | | | 199,555 | |
Real Estate Brokerage Services (Commercial) | | 205,363 | | | 188,020 | | | 478,879 | | | 245,086 | |
Title Settlement and Insurance | | 73,670 | | | 78,574 | | | 172,825 | | | 155,778 | |
|
$
| 15,051,716 | |
$
| 20,232,097 | |
$
| 28,627,322 | |
$
| 34,867,871 | |
Cost of revenue by segment | | | | | | | | | | | | |
Real Estate Brokerage Services (Residential) |
$
| 13,167,037 | |
$
| 18,028,142 | |
$
| 24,526,784 | |
$
| 30,924,027 | |
Franchising Services | | — | | | 113,368 | | | 258 | | | 225,159 | |
Coaching Services | | 255 | | | 83,003 | | | 7,455 | | | 138,883 | |
Property Management | | — | | | 730 | | | — | | | 1,250 | |
Real Estate Brokerage Services (Commercial) | | 151,546 | | | 154,626 | | | 366,520 | | | 188,656 | |
Title Settlement and Insurance | | 1,436 | | | — | | | 1,436 | | | — | |
|
$
| 13,320,274 | |
$
| 18,379,869 | |
$
| 24,902,453 | |
$
| 31,477,975 | |
Gross profit (loss) by segment | | | | | | | | | | | | |
Real Estate Brokerage Services (Residential) |
$
| 1,488,943 | |
$
| 1,681,805 | |
$
| 3,174,380 | |
$
| 3,056,199 | |
Franchising Services | | 21,575 | | | (82,146 | ) | | 56,441 | | | (155,159 | ) |
Coaching Services | | 44 | | | 39,689 | | | 14,802 | | | 78,343 | |
Property Management | | 94,829 | | | 100,912 | | | 195,498 | | | 198,305 | |
Real Estate Brokerage Services (Commercial) | | 53,817 | | | 33,394 | | | 112,359 | | | 56,430 | |
Title Settlement and Insurance | | 72,234 | | | 78,574 | | | 171,389 | | | 155,778 | |
|
$
| 1,731,442 | |
$
| 1,852,228 | |
$
| 3,724,869 | |
$
| 3,389,896 | |
G&A by segment | | | | | | | | | | | | |
Real Estate Brokerage Services (Residential) |
$
| 2,898,782 | |
$
| 2,937,005 | |
$
| 6,651,659 | |
$
| 6,448,169 | |
Franchising Services | | 2,069 | | | 30,619 | | | 2,444 | | | 110,277 | |
Coaching Services | | 14,362 | | | 33,595 | | | 39,239 | | | 73,153 | |
Property Management | | 50,933 | | | 90,859 | | | 99,250 | | | 104,898 | |
Real Estate Brokerage Services (Commercial) | | 80,667 | | | 36,576 | | | 139,509 | | | 61,318 | |
Title Settlement and Insurance | | 93,681 | | | 72,399 | | | 180,047 | | | 130,763 | |
|
$
| 3,140,494 | |
$
| 3,201,053 | |
$
| 7,112,148 | |
$
| 6,928,578 | |
In addition to the expenses from these segments, corporate expenses net of revenues and adjustments were $746,347 and $(79,811,929), which resulted in the net (loss) income from operations before provision for income taxes of $(2,155,399) and $78,463,104 for the three months ended June 30, 2026 and 2025, respectively. Corporate other income (expenses), net were $(12,233,496) and $(13,697,099), which resulted in the net loss of $15,620,775 and $17,235,781 for the six-months ended June 30, 2026 and 2025, respectively.
The following table disaggregates the Company’s revenue based on the type of sale or service and the timing of satisfaction of performance obligations for the three months ended June 30, 2026 and 2025, respectively.
| | Three Months Ended June 30, | | | Six Months Ended June 30, | |
| | 2026 | | | 2025 | | | 2026 | | | 2025 | |
Performance obligations satisfied at a point in time | | $ | 14,510,659 | | | $ | 19,684,804 | | | $ | 27,317,112 | | | $ | 33,706,356 | |
Performance obligations satisfied over time | | | 541,057 | | | | 547,293 | | | | 1,310,210 | | | | 1,161,515 | |
Revenue | | $ | 15,051,716 | | | $ | 20,232,097 | | | $ | 28,627,322 | | | $ | 34,867,871 | |
|