| SEGMENTS |
NOTE
15 – SEGMENTS
The
Company’s portfolio of brands within continuing operations are managed as a single1 operating segment on a consolidated basis. Our
CODM is our Chief Executive Officer. The CODM uses net income or loss from continuing operations to determine segment profitability in
order to assess performance and allocate resources.
Relevant
segment data for the three and nine months ended September 30, 2026 and 2025 is as follows:
SCHEDULE
OF RELEVANT SEGMENT DATA
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
Three Months Ended September 30, | | |
Nine Months Ended September 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| Telehealth revenue, net | |
$ | 44,625,086 | | |
$ | 47,727,942 | | |
$ | 142,048,848 | | |
$ | 146,861,697 | |
| Significant Segment Expenses: | |
| | | |
| | | |
| | | |
| | |
| Cost of telehealth revenue | |
| 8,249,469 | | |
| 7,061,651 | | |
| 19,605,877 | | |
| 21,627,901 | |
| Selling and marketing expenses | |
| 18,500,609 | | |
| 22,563,994 | | |
| 76,411,416 | | |
| 66,988,030 | |
| Payroll expenses | |
| 9,207,429 | | |
| 7,511,907 | | |
| 26,081,559 | | |
| 23,001,003 | |
| Merchant processing fees | |
| 1,856,608 | | |
| 1,971,487 | | |
| 6,236,798 | | |
| 6,355,746 | |
| Other general and administrative expenses | |
| 7,532,226 | | |
| 6,665,571 | | |
| 24,378,336 | | |
| 23,124,089 | |
| Other segment items(1) | |
| 3,745,246 | | |
| 5,080,014 | | |
| 10,018,874 | | |
| 13,199,909 | |
| Segment operating loss | |
| (4,466,501 | ) | |
| (3,126,682 | ) | |
| (20,684,012 | ) | |
| (7,434,981 | ) |
| Interest (expense) income, net | |
| (3,212 | ) | |
| (260,621 | ) | |
| 98,924 | | |
| (1,385,046 | ) |
| Loss on debt extinguishment | |
| - | | |
| (1,155,851 | ) | |
| - | | |
| (1,155,851 | ) |
| Income tax provision | |
| - | | |
| (31,823 | ) | |
| - | | |
| (31,823 | ) |
| Net loss from continuing operations | |
$ | (4,469,713 | ) | |
$ | (4,574,977 | ) | |
$ | (20,585,088 | ) | |
$ | (10,007,701 | ) |
| (1) |
Other
segment items include stock-based compensation and depreciation and amortization. |
Total
expenditures for purchases of capitalized software and equipment, which are reported on the Company’s unaudited consolidated statements
of cash flows totaled $5.2 million and $7.6 million during the nine months ended September 30, 2026 and 2025, respectively.
|