Quarterly report [Sections 13 or 15(d)]

Segment (Tables)

v3.26.1
Segment (Tables)
 6 Months Ended
Jun. 30, 2026
Single Reportable Segment [Member]  
Segment Reporting [Line Items]  
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, 2026 and 2025:

   

            Change     %  
    Three Months Ended              
    June 30,              
    2026     2025     Change     %  
Revenue   $ 583,096     $ 1,261,023     $ (677,927 )     (54 )%
Cost of revenue     1,212,819       2,288,165       (1,075,346 )     (47 )%
Gross Loss     (629,723 )     (1,027,142 )     397,419       39 %
Gross Loss Percentage     (108 )%     (81 )%     (27 )%     (33 )%
                                 
Operating expense     5,062,524       4,263,269       799,255       19 %
Other income (expense)     910,978       (334,659 )     1,245,637       372 %
Net loss   $ (4,781,269 )   $ (5,625,070 )   $ 843,801       15 %

 

         
    Three Months Ended  
    June 30,  
    2026     2025  
Operating expenses                
Payroll expenses   $ 2,725,112     $ 2,499,153  
Sales and marketing expenses     100,963       59,463  
Lease expense     141,347       103,345  
Professional fees     571,449       166,689  
General and administrative expense     1,523,653       1,434,619  
Total   $ 5,062,524     $ 4,263,269  

 

            Change     %  
    Six Months Ended              
    June 30,              
    2026     2025     Change     %  
Revenue   $ 942,468     $ 1,499,517     $ (557,049 )     (37 )%
Cost of revenue     2,622,264       4,155,137       (1,532,873 )     (37 )%
Gross Loss     (1,679,796 )     (2,655,620 )     975,824       37 %
Gross Loss Percentage     (178 )%     (177 )%     (1 )%     (1 )%
                                 
Operating expense     9,482,161       8,707,711       774,450       9 %
Other income (expense)     1,169,081       (676,366 )     1,845,447       273 %
Net loss   $ (9,992,876 )   $ (12,039,697 )   $ 2,046,821       17 %

 

         
    Six Months Ended  
    June 30,  
    2026     2025  
Operating expenses                
Payroll expenses   $ 5,037,188     $ 5,007,953  
Sales and marketing expenses     148,454       113,551  
Lease expense     254,550       204,787  
Professional fees     872,849       375,164  
General and administrative expense     3,169,120       3,006,256  
Total   $ 9,482,161     $ 8,707,711