Note 12 – Segment Report

 

Operating segments are defined as components of an enterprise for which separate financial information is available and regularly reviewed by the chief operating decision maker (“CODM”) in allocating resources and assessing performance.

 

The Company has determined that its CODM is the Chief Executive Officer.

 

In accordance with ASC 280, Segment Reporting, the CODM evaluates financial performance and allocates resources based on consolidated results of operations. The Company operates as a single reporting unit and does not manage its business by separate product lines, service lines, or geographic divisions for purposes of internal reporting. Accordingly, the Company has determined that it operates in one reportable segment.

 

Substantially all of the Company’s operations and long-lived assets are located in the United States.

 

Because the Company operates in one reportable segment, consolidated net revenues, operating loss, net loss, and total assets as presented in the consolidated financial statements represent segment results.

 

  

For the year ended

December 31, 2025

  

Predecessor

From January 1 to

September 24, 2024

  

Successor

From September 25 to

December 31, 2024

 
Gross profit (loss)  $2,342   $-   $(1,607)
Less:               
Professional fees   147,694    243,057    116,652 
Payroll expense   2,008,394    334,644    578,100 
Selling, general and administrative expenses   931,279    76,872    26,462 
Interest (income) expense, net   19,166    67    (10,030)
Depreciation and amortization   300,000    -    150,000 
Impairment loss on Intellectual property   

2,550,000

    -   - 
Loss on investment   

500,000

    -    - 
Gain on debt settlement   

(175,000

)   -    - 
Other income   (1,000)   -    -
Segment net loss   (6,278,191)   (654,640)   (862,791)
Reconciliation of profit or loss   -    -    - 
Adjustments and reconciling items   -    -    - 
Consolidated net loss  $(6,278,191)  $(654,640)  $(862,791)

 

About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.