| 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
| | |
| | | |
| | |
| | |
For
the Six Months Ended | |
| | |
June
30, 2026 | | |
June
30, 2025 | |
| | |
US$ | | |
US$ | |
| Platform
subscription fee | |
$ | 1,146,072 | | |
$ | 1,219,089 | |
| Platform
services | |
| 1,476,637 | | |
| 1,599,347 | |
| Managed
activations and professional services | |
| 55,819 | | |
| 7,945 | |
| Total
revenues | |
$ | 2,678,528 | | |
$ | 2,826,381 | |
Schedule of geographic areas by revenues
| | |
| | | |
| | |
| | |
For
the Six Months Ended | |
| | |
June
30, 2026 | | |
June
30, 2025 | |
| | |
US$ | | |
US$ | |
| U.S. | |
$ | 2,175,408 | | |
$ | 2,538,797 | |
| Singapore | |
| 503,120 | | |
| 287,584 | |
| Total
revenues | |
$ | 2,678,528 | | |
$ | 2,826,381 | |
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
| | |
| | | |
| | |
| | |
For
the Six Months Ended | |
| | |
June
30, 2026 | | |
June
30, 2025 | |
| | |
US$ | | |
US$ | |
| Revenue | |
$ | 2,678,528 | | |
$ | 2,826,381 | |
| Media
costs | |
| (1,345,410 | ) | |
| (1,433,488 | ) |
| Data
costs | |
| (392,262 | ) | |
| (475,048 | ) |
| Infrastructure
costs | |
| (610,577 | ) | |
| (622,840 | ) |
| Salary
and benefits costs | |
| (1,857,422 | ) | |
| (2,282,661 | ) |
| Amortization
of capitalized software development costs | |
| (279,529 | ) | |
| (382,931 | ) |
| Professional
fees | |
| (2,396,406 | ) | |
| (313,411 | ) |
| Other
cost of revenue | |
| (3,150 | ) | |
| (5,167 | ) |
| Other
platform operations expenses | |
| (264,782 | ) | |
| (269,416 | ) |
| Other
sales and marketing expenses | |
| (60,447 | ) | |
| (179,701 | ) |
| Other
technology and development expenses | |
| (164,681 | ) | |
| (203,054 | ) |
| Other
general and administrative expenses | |
| (439,231 | ) | |
| (286,609 | ) |
| Other
segment expenses | |
| (276,390 | ) | |
| (915,365 | ) |
| Provision
for income taxes | |
| (22,391 | ) | |
| (74,763 | ) |
| Net
loss | |
$ | (5,434,150 | ) | |
$ | (4,618,073 | ) |
|