| Schedule of Operating Segment |
The
following table presents selected financial information with respect to the Company’s single operating segment for the three and
six months ended June 30, 2025 and 2024:
Schedule
of Operating Segment
Three
months ended June 30, 2025 and 2024
| |
|
2025 |
|
|
2024 |
|
|
Change |
|
|
% |
|
| |
|
Three Months Ended |
|
|
|
|
|
|
|
| |
|
June 30, |
|
|
|
|
|
|
|
| |
|
2025 |
|
|
2024 |
|
|
Change |
|
|
% |
|
| Revenue |
|
$ |
1,261,023 |
|
|
$ |
927,570 |
|
|
$ |
333,453 |
|
|
|
36 |
% |
| Cost of revenue |
|
|
2,288,165 |
|
|
|
1,768,671 |
|
|
|
519,494 |
|
|
|
29 |
% |
| Gross Profit (Loss) |
|
|
(1,027,142 |
) |
|
|
(841,101 |
) |
|
|
(186,041 |
) |
|
|
22 |
% |
| Gross Profit (Loss) Percentage |
|
|
(81 |
)% |
|
|
(91 |
)% |
|
|
9 |
% |
|
|
(10 |
)% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Operating expense |
|
|
4,263,269 |
|
|
|
3,056,814 |
|
|
|
1,206,455 |
|
|
|
39 |
% |
| Other income (expense) |
|
|
(334,659 |
) |
|
|
(238,169 |
) |
|
|
(96,490 |
) |
|
|
n/a |
|
| Net loss |
|
$ |
(5,625,070 |
) |
|
$ |
(4,136,084 |
) |
|
$ |
(1,488,986 |
) |
|
|
36 |
% |
| |
|
2025 |
|
|
2024 |
|
|
Change |
|
|
% |
|
| |
|
Three Months Ended |
|
|
|
|
|
|
|
| |
|
June 30, |
|
|
|
|
|
|
|
| |
|
2025 |
|
|
2024 |
|
|
Change |
|
|
% |
|
| Operating expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Payroll expenses |
|
$ |
2,499,153 |
|
|
$ |
1,605,026 |
|
|
$ |
894,127 |
|
|
|
56 |
% |
| Sales and marketing expenses |
|
|
59,463 |
|
|
|
70,493 |
|
|
|
(11,030 |
) |
|
|
(16 |
)% |
| Lease expense |
|
|
103,345 |
|
|
|
98,007 |
|
|
|
5,338 |
|
|
|
5 |
% |
| Professional fees |
|
|
166,689 |
|
|
|
205,799 |
|
|
|
(39,110 |
) |
|
|
(19 |
)% |
| General and administrative expense |
|
|
1,434,619 |
|
|
|
1,077,489 |
|
|
|
357,130 |
|
|
|
33 |
% |
| Total |
|
$ |
4,263,269 |
|
|
$ |
3,056,814 |
|
|
$ |
1,206,455 |
|
|
|
39 |
% |
Six
months ended June 30, 2025 and 2024
| |
|
2025 |
|
|
2024 |
|
|
Change |
|
|
% |
|
| |
|
Six Months Ended |
|
|
|
|
|
|
|
| |
|
June 30, |
|
|
|
|
|
|
|
| |
|
2025 |
|
|
2024 |
|
|
Change |
|
|
% |
|
| Revenue |
|
$ |
1,499,517 |
|
|
$ |
1,977,725 |
|
|
$ |
(478,208 |
) |
|
|
(24 |
)% |
| Cost of revenue |
|
|
4,155,137 |
|
|
|
2,734,762 |
|
|
|
1,420,375 |
|
|
|
52 |
% |
| Gross Profit (Loss) |
|
|
(2,655,620 |
) |
|
|
(757,037 |
) |
|
|
(1,898,583 |
) |
|
|
251 |
% |
| Gross Profit Percentage |
|
|
(177 |
)% |
|
|
(38 |
)% |
|
|
(139 |
)% |
|
|
363 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Operating expense |
|
|
8,707,711 |
|
|
|
6,702,397 |
|
|
|
2,005,314 |
|
|
|
30 |
% |
| Other expense |
|
|
(676,366 |
) |
|
|
(487,150 |
) |
|
|
(189,216 |
) |
|
|
39 |
% |
| Net loss |
|
$ |
(12,039,697 |
) |
|
$ |
(7,946,584 |
) |
|
$ |
(4,093,113 |
) |
|
|
52 |
% |
| |
|
2025 |
|
|
2024 |
|
|
Change |
|
|
% |
|
| |
|
Six Months Ended |
|
|
|
|
|
|
|
| |
|
June 30, |
|
|
|
|
|
|
|
| |
|
2025 |
|
|
2024 |
|
|
Change |
|
|
% |
|
| Operating expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Payroll expenses |
|
$ |
5,007,953 |
|
|
$ |
3,110,324 |
|
|
$ |
1,897,629 |
|
|
|
61 |
% |
| Sales and marketing expenses |
|
|
113,551 |
|
|
|
105,911 |
|
|
|
7,640 |
|
|
|
7 |
% |
| Lease expense |
|
|
204,787 |
|
|
|
190,211 |
|
|
|
14,576 |
|
|
|
8 |
% |
| Professional fees |
|
|
375,164 |
|
|
|
653,876 |
|
|
|
(278,712 |
) |
|
|
(43 |
)% |
| General and administrative expense |
|
|
3,006,256 |
|
|
|
2,642,075 |
|
|
|
364,181 |
|
|
|
14 |
% |
| Total |
|
$ |
8,707,711 |
|
|
$ |
6,702,397 |
|
|
$ |
2,005,314 |
|
|
|
30 |
% |
| Operating expenses |
|
$ |
8,707,711 |
|
|
$ |
6,702,397 |
|
|
$ |
2,005,314 |
|
|
|
30 |
% |
|