Freight Technologies, Inc. Segments Disclosure
NOTE 13 – SEGMENT INFORMATION
Geographic long-lived asset information presented below is based on the physical location of the assets at the end of year. Long-lived assets including intangible assets, capitalized software, property and equipment and security deposits, by geographic region, are as follows at:
| December 31, 2024 | December 31, 2023 | |||||||
| United States | $ | 94,761 | $ | 156,411 | ||||
| Mexico | 505,950 | 647,138 | ||||||
| Total long-lived assets | $ | 600,711 | $ | 803,549 | ||||
FREIGHT TECHNOLOGIES, INC. AND SUBSIDIARIES
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
The following table summarizes the Company’s total revenue by geographic area based on the billing address of the customers:
| Year Ended December 31, | ||||||||
| 2024 | 2023 | |||||||
| United States | $ | 4,866,589 | $ | 9,870,950 | ||||
| Mexico | 8,862,333 | 7,189,803 | ||||||
| Total revenue | $ | 13,728,922 | $ | 17,060,753 | ||||
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.