| Schedule of Operating Segment |
The
following table presents selected financial information with respect to the Company’s single operating segment for the years ended
December 31, 2024 and 2023:
Schedule
of Operating Segment
| |
|
2024 |
|
|
2023 |
|
|
Change |
|
|
% |
|
| |
|
Years Ended |
|
|
|
|
|
|
|
| |
|
December 31, |
|
|
|
|
|
|
|
| |
|
2024 |
|
|
2023 |
|
|
Change |
|
|
% |
|
| Revenue |
|
$ |
4,672,646 |
|
|
$ |
5,962,785 |
|
|
$ |
(1,290,139 |
) |
|
|
(22 |
)% |
| Cost of revenue |
|
|
6,141,657 |
|
|
|
4,321,482 |
|
|
|
1,820,175 |
|
|
|
42 |
% |
| Gross Profit Percentage |
|
|
(31 |
)% |
|
|
28 |
% |
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Selling, general & administrative expense |
|
|
14,249,870 |
|
|
|
14,166,617 |
|
|
|
83,253 |
|
|
|
1 |
% |
| Other expense |
|
|
(1,805,175 |
) |
|
|
(1,803,034 |
) |
|
|
(2,141 |
) |
|
|
0 |
% |
| Net loss |
|
$ |
(17,524,056 |
) |
|
$ |
(14,328,348 |
) |
|
$ |
(3,195,708 |
) |
|
|
22 |
% |
| |
|
2024 |
|
|
2023 |
|
|
Change |
|
|
% |
|
| |
|
Years
Ended |
|
|
|
|
|
|
|
| |
|
December
31, |
|
|
|
|
|
|
|
| |
|
2024 |
|
|
2023 |
|
|
Change |
|
|
% |
|
| Selling,
general & administrative expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Payroll
expenses |
|
$ |
6,978,930 |
|
|
$ |
7,226,481 |
|
|
$ |
(247,551 |
) |
|
|
(3 |
)% |
| Sales
and marketing expenses |
|
|
193,942 |
|
|
|
596,368 |
|
|
|
(402,426 |
) |
|
|
(67 |
)% |
| Lease
expense |
|
|
386,520 |
|
|
|
353,329 |
|
|
|
33,191 |
|
|
|
9 |
% |
| Professional
fees |
|
|
1,105,930 |
|
|
|
1,940,600 |
|
|
|
(834,670 |
) |
|
|
(43 |
)% |
| General
and administrative expense |
|
|
5,584,548 |
|
|
|
4,049,839 |
|
|
|
1,534,709 |
|
|
|
38 |
% |
| Total |
|
$ |
14,249,870 |
|
|
$ |
14,166,617 |
|
|
$ |
83,253 |
|
|
|
1 |
% |
|