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

Segment Reporting

v3.25.1
Segment Reporting
 12 Months Ended
Dec. 31, 2024
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 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 expenses.

 

    Year Ended December 31,  
    2024     2023  
Assets:            
Cash   $ 106,654     $ 91,436  
Accounts receivable, net     372,716       304,813  
Prepaid expenses and other assets     24,008       39,533  
Goodwill     5,842,433       5,842,433  
Total Assets     6,345,811       6,278,215  
                 
Service revenue:     2,989,599       3,804,943  
                 
Operating expenses:                
Legal and professional   $ 980,897     $ 839,183  
Salaries and wages     268,399       310,988  
Stock compensation    
-
       361,363  
Other general and administrative     765,115       1,208,206  
Total operating expense   $ 2,005,411     $ 2,719,740  
                 
Other income (expense)                
Interest expense     (104,201 )     (6,448 )
Forgiveness of accounts payable     227,402      
-
  
Impairment of goodwill    
-
       (2,524,034 )
 Total other income (expense)   $ 123,201     $ (2,530,482 )
                 
Net Loss   $ (1,136,225 )   $ (3,981,144 )