Quarterly report [Sections 13 or 15(d)]

Segment Reporting

v3.25.2
Segment Reporting
 6 Months Ended
Jun. 30, 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.

 

    June 30,     December 31,  
    2025     2024  
Assets:            
Cash   $ 340,209     $ 106,654  
Accounts receivable, net     412,216       372,716  
Prepaid expenses and other assets     51,075       24,008  
Goodwill     5,842,433       5,842,433  
Total Assets   $ 6,645,933     $ 6,345,811  

 

    For the Three Months Ended     For the Six Months Ended  
    June 30,     June 30,  
    2025     2024     2025     2024  
                         
Revenue   $ 682,632     $ 742,027     $ 1,402,931     $ 1,554,126  
Cost of revenue     502,215       495,701       1,085,651       1,099,166  
Gross profit     180,417       246,326       317,280       454,960  
                                 
Operating expenses:                                
Legal and professional     111,339       324,409       315,318       483,554  
Salaries and wages     155,276       55,622       239,554       123,995  
General and administrative     207,329       173,442       389,932       333,014  
Total operating expenses     473,944       553,473       944,804       940,563  
                                 
Other income (expense)                                
Interest expense     (1,534,454 )     (30,166 )     (1,676,760 )     (30,369 )
Loss on shares issued for legal settlement     (78,104 )    
-
       (78,104 )    
-
  
Total other expense     (1,612,558 )     (30,166 )     (1,754,864 )     (30,369 )
                                 
Net loss   $ (1,906,085 )   $ (337,313 )   $ (2,382,388 )   $ (515,972 )