Quarterly report [Sections 13 or 15(d)]

Segment Reporting

v3.26.1
Segment Reporting
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Reporting

Note 12. 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.

 

    March 31,     December 31,  
    2026     2025  
Assets:            
Cash   $ 1,341,779     $ 1,644,439  
Accounts receivable, net     314,550       313,350  
Prepaid expenses and other assets     182,863       65,627  
Property and equipment, net     9,335       10,220  
Intangible assets     85,432       20,019  
Goodwill     5,842,433       5,842,433  
Total Assets   $ 7,776,392     $ 7,896,088  

 

    For the Years Ended  
    March 31,  
    2026     2025  
             
Revenue   $ 744,899     $ 720,299  
Cost of revenue     370,790       583,436  
Gross profit     374,109       136,863  
                 
Operating expenses:                
Legal and professional     158,355       203,979  
Salaries and wages     140,446       84,278  
General and administrative     210,237       182,603  
Depreciation     885       -  
Total operating expenses     509,923       470,860  
                 
Other income (expense)                
Interest expense     (37,953 )     (142,306 )
Total other expense     (37,953 )     (142,306 )
                 
Net loss   $ (173,767 )   $ (476,303 )