| Schedule of Operating Segment |
The
following table presents selected financial information with respect to the Company’s single operating segment for the three and
nine months ended September 30, 2025 and 2024:
Schedule of Operating Segment
Three
months ended September 30, 2025 and 2024
| |
|
2025 |
|
|
2024 |
|
|
Change |
|
|
% |
|
| |
|
Three Months Ended |
|
|
|
|
|
|
|
| |
|
September 30, |
|
|
|
|
|
|
|
| |
|
2025 |
|
|
2024 |
|
|
Change |
|
|
% |
|
| Revenue |
|
$ |
1,298,058 |
|
|
$ |
1,868,958 |
|
|
$ |
(570,900 |
) |
|
|
(31 |
)% |
| Cost of revenue |
|
|
2,597,023 |
|
|
|
1,830,787 |
|
|
|
766,236 |
|
|
|
42 |
% |
| Gross Profit (Loss) |
|
|
(1,298,965 |
) |
|
|
38,171 |
|
|
|
(1,337,136 |
) |
|
|
(3,503 |
)% |
| Gross Profit (Loss) Percentage |
|
|
(100 |
)% |
|
|
2 |
% |
|
|
(102 |
)% |
|
|
(5,000 |
)% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Operating expense |
|
|
4,332,441 |
|
|
|
3,210,069 |
|
|
|
1,122,372 |
|
|
|
35 |
% |
| Other income (expense) |
|
|
(402,193 |
) |
|
|
(730,691 |
) |
|
|
328,498 |
|
|
|
(45 |
)% |
| Net loss |
|
$ |
(6,033,599 |
) |
|
$ |
(3,902,589 |
) |
|
$ |
(2,131,010 |
) |
|
|
55 |
% |
| |
|
2025 |
|
|
2024 |
|
|
Change |
|
|
% |
|
| |
|
Three Months Ended |
|
|
|
|
|
|
|
| |
|
September 30, |
|
|
|
|
|
|
|
| |
|
2025 |
|
|
2024 |
|
|
Change |
|
|
% |
|
| Operating expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Payroll expenses |
|
$ |
2,243,403 |
|
|
$ |
1,715,840 |
|
|
$ |
527,563 |
|
|
|
31 |
% |
| Sales and marketing expenses |
|
|
40,801 |
|
|
|
39,138 |
|
|
|
1,663 |
|
|
|
4 |
% |
| Lease expense |
|
|
108,160 |
|
|
|
100,717 |
|
|
|
7,443 |
|
|
|
7 |
% |
| Professional fees |
|
|
155,147 |
|
|
|
130,299 |
|
|
|
24,848 |
|
|
|
19 |
% |
| General and administrative expense |
|
|
1,784,930 |
|
|
|
1,224,075 |
|
|
|
560,855 |
|
|
|
46 |
% |
| Total |
|
$ |
4,332,441 |
|
|
$ |
3,210,069 |
|
|
$ |
1,122,372 |
|
|
|
35 |
% |
Nine
months ended September 30, 2025 and 2024
| |
|
2025 |
|
|
2024 |
|
|
Change |
|
|
% |
|
| |
|
Nine Months Ended |
|
|
|
|
|
|
|
| |
|
September 30, |
|
|
|
|
|
|
|
| |
|
2025 |
|
|
2024 |
|
|
Change |
|
|
% |
|
| Revenue |
|
$ |
2,797,575 |
|
|
$ |
3,846,683 |
|
|
$ |
(1,049,108 |
) |
|
|
(27 |
)% |
| Cost of revenue |
|
|
6,752,160 |
|
|
|
4,565,549 |
|
|
|
2,186,611 |
|
|
|
48 |
% |
| Gross Loss |
|
|
(3,954,585 |
) |
|
|
(718,866 |
) |
|
|
(3,235,719 |
) |
|
|
450 |
% |
| Gross Profit (Loss) |
|
|
(3,954,585 |
) |
|
|
(718,866 |
) |
|
|
(3,235,719 |
) |
|
|
450 |
% |
| Gross Profit Percentage |
|
|
(141 |
)% |
|
|
(19 |
)% |
|
|
(123 |
)% |
|
|
656 |
% |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Operating expense |
|
|
13,040,152 |
|
|
|
9,912,466 |
|
|
|
3,127,686 |
|
|
|
32 |
% |
| Other expense |
|
|
(1,078,559 |
) |
|
|
(1,217,841 |
) |
|
|
139,282 |
|
|
|
(11 |
)% |
| Other income (expense) |
|
|
(1,078,559 |
) |
|
|
(1,217,841 |
) |
|
|
139,282 |
|
|
|
(11 |
)% |
| Net loss |
|
$ |
(18,073,296 |
) |
|
$ |
(11,849,173 |
) |
|
$ |
(6,224,123 |
) |
|
|
53 |
% |
| |
|
2025 |
|
|
2024 |
|
|
Change |
|
|
% |
|
| |
|
Nine Months Ended |
|
|
|
|
|
|
|
| |
|
September 30, |
|
|
|
|
|
|
|
| |
|
2025 |
|
|
2024 |
|
|
Change |
|
|
% |
|
| Operating expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Payroll expenses |
|
$ |
7,251,356 |
|
|
$ |
4,826,164 |
|
|
$ |
2,425,192 |
|
|
|
50 |
% |
| Sales and marketing expenses |
|
|
154,352 |
|
|
|
145,049 |
|
|
|
9,303 |
|
|
|
6 |
% |
| Lease expense |
|
|
312,947 |
|
|
|
290,928 |
|
|
|
22,019 |
|
|
|
8 |
% |
| Professional fees |
|
|
530,311 |
|
|
|
784,175 |
|
|
|
(253,864 |
) |
|
|
(32 |
)% |
| General and administrative expense |
|
|
4,791,186 |
|
|
|
3,866,150 |
|
|
|
925,036 |
|
|
|
24 |
% |
| Total |
|
$ |
13,040,152 |
|
|
$ |
9,912,466 |
|
|
$ |
3,127,686 |
|
|
|
32 |
% |
| Operating expenses |
|
$ |
13,040,152 |
|
|
$ |
9,912,466 |
|
|
$ |
3,127,686 |
|
|
|
32 |
% |
|