Quarterly report [Sections 13 or 15(d)]

Segment Reporting

v3.25.1
Segment Reporting
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Reporting

Note 11. Segment Reporting

 

As noted above, the Company is a provider of data content and services related to the repair, normalization and interoperability of information for healthcare providers and big data analytics for the healthcare industry.

 

The Company has determined that it currently operates in a single segment - health information technology solutions and services, located in a single geographic location – the United States. The accounting policies of the segment are the same as those described in the summary of significant accounting policies. Since the Company operates in a single segment, the measure of segment total assets and loss from operations is the same as that reported on the accompanying condensed consolidated balance sheets as total assets, and the accompanying condensed consolidated statements of operations as loss from operations, respectively.

The Company’s Chief Executive Officer is the Chief Operating Decision Maker (“CODM”). The CODM manages the Company’s business activities as a single operating and reportable segment. The CODM uses consolidated profit and loss to evaluate and measure performance against progress in its commercialization efforts and clinical trials. The following table sets forth significant segment expenses.

 

    March 31,
2025		     December 31,
2024		  
Assets:            
Cash   $ 1,072,416     $ 106,654  
Accounts receivable, net     175,233       372,716  
Prepaid expenses and other assets     66,825       24,008  
Goodwill     5,842,433       5,842,433  
Total Assets   $ 7,156,907     $ 6,345,811  

 

    Three Months Ended
March 31,		  
    2025     2024  
Service revenue   $ 720,299     $ 812,099  
Cost of revenue     583,436       603,465  
Gross profit   $ 136,863     $ 208,634  
                 
Operating expenses:                
Legal and professional   $ 203,979     $ 159,145  
Salaries and wages     84,278       68,373  
Other general and administrative     182,603       159,572  
Total operating expense   $ 470,860     $ 387,090  
                 
Other income (expense)                
Interest expense     (142,306 )     (203 )
Total other expense   $ (142,306 )   $ (203 )
                 
Net Loss   $ (476,303 )   $ (178,659 )