Quarterly report [Sections 13 or 15(d)]

Segment Reporting

v3.25.3
Segment Reporting
 9 Months Ended
Sep. 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 assets and expenses.

 

    September 30,     December 31,  
    2025     2024  
Assets:            
Cash   $ 684,295     $ 106,654  
Accounts receivable, net     611,716       372,716  
Prepaid expenses and other assets     37,305       24,008  
Goodwill     5,842,433       5,842,433  
Total Assets   $ 7,175,749     $ 6,345,811  

 

    For the Three Months Ended     For the Nine Months Ended  
    September 30,     September 30,  
    2025     2024     2025     2024  
                         
Revenue   $ 705,799     $ 759,724     $ 2,108,730     $ 2,313,850  
Cost of revenue     453,872       627,148       1,539,523       1,726,314  
Gross profit     251,927       132,576       569,207       587,536  
                                 
Operating expenses:                                
Legal and professional     59,772       253,603       375,090       737,157  
Salaries and wages     132,866       75,480       372,420       199,475  
General and administrative     198,146       196,991       588,078       530,005  
Total operating expenses     390,784       526,074       1,335,588       1,466,637  
                                 
Other income (expense)                                
Interest expense     (1,173,682 )     (31,465 )     (2,850,442 )     (61,834 )
Loss on shares issued for legal settlement    
-
      
-
       (78,104 )    
-
  
Total other expense     (1,173,682 )     (31,465 )     (2,928,546 )     (61,834 )
                                 
Net loss   $ (1,312,539 )   $ (424,963 )   $ (3,694,927 )   $ (940,935 )