Annual report [Section 13 and 15(d), not S-K Item 405]

Segment Reporting

v3.26.1
Segment Reporting
 12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
Segment Reporting

Note 12. Segment Reporting

 

In November 2023, the FASB issued ASU 2023-07 Segment Reporting (Topic 280): “Improvements to Reportable Segment Disclosures to enhance the reportable segment disclosures”. The guidance requires additional disclosures about significant segment expenses.

 

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 consolidated balance sheets as total assets, and the accompanying 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.

 

    December 31,     December 31,  
    2025     2024  
Assets:            
Cash   $ 1,644,439     $ 106,654  
Accounts receivable, net     313,350       372,716  
Prepaid expenses and other assets     65,627       24,008  
Fixed assets     10,220       -  
Intangible assets     20,019       -  
Goodwill     5,842,433       5,842,433  
Total Assets   $ 7,896,088     $ 6,345,811  

 

    For the Years Ended  
    December 31,  
    2025     2024  
             
Revenue   $ 2,877,629     $ 2,989,599  
Cost of revenue     1,957,923       2,243,614  
Gross profit     919,706       745,985  
                 
Operating expenses:                
Legal and professional     510,951       980,897  
Salaries and wages     513,727       268,399  
General and administrative     853,343       756,115  
Depreciation     404       -  
Total operating expenses     1,878,425       2,005,411  
                 
Other income (expense)                
Interest expense     (2,985,597 )     (104,201 )
Warrant modification expense     (565,277 )     -  
Forgiveness of accounts payable     143,588       227,402  
Loss on shares issued for legal settlement     (78,104 )     -  

Total other income (expense)

     (3,485,390 )     123,201  
Net loss   $ (4,444,109 )   $ (1,136,225 )