| Schedule of Revenue by Segment |
The following table shows the components of Revenues by reportable segment and as a percentage of total revenue for the three months ended September 30, 2026 and 2025: | | | | | | | | | | | | | | | | | | | | | | | | Mexico | Peru | | | | Corporate(1) | Total | | 2026 | | | | | | | | | | | Tuition and educational services | | $ | 372,091 | | $ | 233,343 | | | | | $ | — | | $ | 605,434 | | 125 | % | | Other | | 44,668 | | 28,323 | | | | | 1 | | 72,992 | | 15 | % | | Gross revenue | | 416,759 | | 261,666 | | | | | 1 | | 678,426 | | 140 | % | | Less: Discounts / waivers / scholarships | | (160,290) | | (33,051) | | | | | — | | (193,341) | | (40) | % | | Total | | $ | 256,469 | | $ | 228,615 | | | | | $ | 1 | | $ | 485,085 | | 100 | % | | 2025 | | | | | | | | | | | Tuition and educational services | | $ | 271,959 | | $ | 205,691 | | | | | $ | — | | $ | 477,650 | | 119 | % | | Other | | 33,748 | | 22,471 | | | | | 39 | | 56,258 | | 14 | % | | Gross revenue | | 305,707 | | 228,162 | | | | | 39 | | 533,908 | | 133 | % | | Less: Discounts / waivers / scholarships | | (110,867) | | (22,817) | | | | | — | | (133,684) | | (33) | % | | Total | | $ | 194,840 | | $ | 205,345 | | | | | $ | 39 | | $ | 400,224 | | 100 | % |
(1) Includes the elimination of inter-segment revenues.
The following table shows the components of Revenues by reportable segment and as a percentage of total revenue for the nine months ended September 30, 2026 and 2025: | | | | | | | | | | | | | | | | | | | Mexico | Peru | Corporate(1) | Total | | 2026 | | | | | | | Tuition and educational services | $ | 1,044,330 | | $ | 655,753 | | $ | — | | $ | 1,700,083 | | 124 | % | | Other | 123,850 | | 73,613 | | 29 | | 197,492 | | 14 | % | | Gross revenue | 1,168,180 | | 729,366 | | 29 | | 1,897,575 | | 138 | % | | Less: Discounts / waivers / scholarships | (432,073) | | (91,942) | | — | | (524,015) | | (38) | % | | Total | $ | 736,107 | | $ | 637,424 | | $ | 29 | | $ | 1,373,560 | | 100 | % | | 2025 | | | | | | | Tuition and educational services | $ | 822,251 | | $ | 565,558 | | $ | — | | $ | 1,387,809 | | 120 | % | | Other | 100,999 | | 55,920 | | 143 | | 157,062 | | 13 | % | | Gross revenue | 923,250 | | 621,478 | | 143 | | 1,544,871 | | 133 | % | | Less: Discounts / waivers / scholarships | (321,786) | | (62,543) | | — | | (384,329) | | (33) | % | | Total | $ | 601,464 | | $ | 558,935 | | $ | 143 | | $ | 1,160,542 | | 100 | % |
(1) Includes the elimination of inter-segment revenues.
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