Quarterly report [Sections 13 or 15(d)]

Segment

v3.26.1
Segment
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment

Note 14. Segment

 

The Company operates as one operating segment. The Company’s chief operating decision maker (“CODM”) is its chief executive officer, who reviews financial information presented on a consolidated basis. The CODM uses consolidated operating margin and net income to assess financial performance and allocate resources. These financial metrics are used by the CODM to make key operating decisions, such as the determination of the rate at which the Company seeks to grow global operating margin and the allocation of budget between cost of revenues, sales and marketing, technology and development, and general and administrative expenses.

 

The following table presents selected financial information with respect to the Company’s single operating segment for the three months ended March 31, 2026 and 2025:

 

    2026     2025     Change     %  
    Three Months Ended              
    March 31,              
    2026     2025     Change     %  
Revenue   $ 359,372     $ 238,494     $ 120,878       51 %
Cost of revenue     1,409,445       1,866,972       (457,527 )     (25 )%
Gross Profit (Loss)     (1,050,073 )     (1,628,478 )     578,405       (36 )%
Gross Profit Percentage     (292 %)     (683 %)     391 %     (57 )%
                                 
Operating expense     4,419,637       4,444,442       (24,805 )     (1 )%
Other income (expense)     258,103       (341,707 )     599,810       (176 )%
Net loss   $ (5,211,607 )   $ (6,414,627 )   $ 1,203,020       (19 )%

 

    2026     2025  
    Three Months Ended  
    March 31,  
    2026     2025  
Operating expenses                
Payroll expenses   $ 2,312,076     $ 2,508,800  
Sales and marketing expenses     47,491       54,088  
Lease expense     113,203       101,442  
Professional fees     301,400       208,475  
General and administrative expense     1,645,467       1,571,637  
Total   $ 4,419,637     $ 4,444,442