| SCHEDULE OF NET LOSS, OPERATING EXPENSES, OTHER INCOME, AND RECONCILIATION OF INCOME/LOSS TO ADJUSTED EBITDA |
The
table below provides the Company’s Net loss, Operating Expenses, Other Income, and a reconciliation of Income/Loss to Adjusted
EBITDA for the year ended December 31, 2025 and 2024 (in thousands):
SCHEDULE OF NET LOSS, OPERATING EXPENSES, OTHER INCOME, AND RECONCILIATION OF INCOME/LOSS TO ADJUSTED EBITDA
| | |
December 31, 2025 | | |
December 31, 2024 | |
| | |
Years Ended | |
| | |
December 31, 2025 | | |
December 31, 2024 | |
| | |
| | |
| |
| REVENUE | |
$ | - | | |
$ | - | |
| | |
| | | |
| | |
| LESS OPERATING EXPENSES | |
| | | |
| | |
| Selling and marketing expenses | |
| 400,946 | | |
| 316,624 | |
| General and administrative expenses | |
| 1,827,776 | | |
| 1,131,312 | |
| Research and development | |
| 615,916 | | |
| 362,538 | |
| | |
| | | |
| | |
| EBITDA | |
| (2,844,638 | ) | |
| (1,810,474 | ) |
| Depreciation and amortization | |
| (3,282 | ) | |
| (4,106 | ) |
| | |
| | | |
| | |
| SEGMENT NET LOSS | |
$ | (2,847,920 | ) | |
$ | (1,814,580 | ) |
| Reconciliation of profit or loss | |
| 977 | | |
| 4,618 | |
| Adjustment and reconciling items | |
| 0 | | |
| 0 | |
| | |
| | | |
| | |
| Consolidated Net Income | |
$ | (2,846,943 | ) | |
$ | (1,809,962 | ) |
|