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SEGMENT INFORMATION (Tables)

12 Months Ended

Dec. 31, 2024

On a consolidated basis, the Company operates geographically in Singapore, China (collectively “Asia”), the United States and Canada. Geographical information is as follows:

SCHEDULE OF GEOGRAPHICAL INFORMATION

As of December 31,	Asia		US		Canada		Consolidated
2024
As of December 31,	Asia		US		Canada		Consolidated
Current assets	$	1,325,632	$	341,240	$	53,815,162	$	55,482,034
Long-term deposit		107,890		-		-		107,890
Property and equipment		12,256,402		501,280		-		12,757,682
Patents and licenses		-		606,708		-		606,708
Right of use asset		677,553		20,582		-		698,135

Total Assets	$	14,367,477	$	1,469,810	$	53,815,162	$	69,652,449

POET TECHNOLOGIES INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Expressed in US Dollars)

17. SEGMENT INFORMATION (Continued)

Year Ended December 31,	Asia			US			Canada			Consolidated
Revenue	$	41,427		$	-		$	-		$	41,427

Selling, marketing and administration		(3,329,834	)		(6,615,379	)		(8,826,208	)		(18,771,421	)
Research and development		(7,536,414	)		(3,618,983	)		(179,244	)		(11,334,641	)
Loss on the acquisition of the remaining interest of SPX		-			-			(6,852,687	)		(6,852,687	)
Interest expense		(74,644	)		(28,029	)		-			(102,673	)

Loss on fair value of derivative warrant liability		-			-			(20,631,082	)		(20,631,082	)
Other income, including interest		5,873			-			942,083			947,956
Forgiveness of Covid-19 government support loans		-			-			7,298			7,298

Net loss	$	(10,893,592	)	$	(10,262,391	)	$	(35,539,840	)	$	(56,695,823	)

As of December 31,	Asia		US		Canada		Consolidated
2023
As of December 31,	Asia		US		Canada		Consolidated
Current assets	$	326,926	$	149,227	$	2,693,592	$	3,169,745
Property and equipment		4,089,653		533,575		-		4,623,228
Patents and licenses		-		502,055		-		502,055
Right of use asset		379,462		102,927		-		482,389

Total Assets	$	4,796,041	$	1,287,784	$	2,693,592	$	8,777,417

The Year Ended December 31,	Asia			US			Canada			Consolidated
Revenue	$	465,777		$	-		$	-		$	465,777

Selling, marketing and administration	$	(2,753,484	)	$	(6,226,291	)	$	(1,815,380	)	$	(10,795,155	)
Research and development		(6,249,120	)		(3,662,418	)		(166,392	)		(10,077,930	)
Loss on fair value of derivative warrant liability		-			-			(24,865	)		(24,865	)
Interest expense		(27,906	)		(42,276	)		-			(70,182	)
Gain on contribution of intellectual to joint venture		1,031,807			-			-			1,031,807
Other income, including interest		-			-			234,990			234,990
Share of loss in joint venture		(1,031,807	)		-			-			(1,031,807	)

Net loss	$	(8,564,733	)	$	(9,930,985	)	$	(1,771,647	)	$	(20,267,365	)

As of December 31,	Asia		US		Canada		Consolidated
2022
As of December 31,	Asia		US		Canada		Consolidated
Current assets	$	664,658	$	133,501	$	8,770,035	$	9,568,194
Property and equipment		4,496,734		573,773		-		5,070,507
Patents and licenses		-		510,705		-		510,705
Right of use asset		55,775		185,272		-		241,047

Total Assets	$	5,217,167	$	1,403,251	$	8,770,035	$	15,390,453

POET TECHNOLOGIES INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Expressed in US Dollars)

17. SEGMENT INFORMATION (Continued)

The Year Ended December 31,	Asia			US			Canada			Consolidated
Revenue	$	552,748		$	-		$	-		$	552,748

Selling, marketing and administration		(2,121,596	)		(5,885,970	)		(1,508,705	)		(9,516,271	)
Research and development		(6,344,016	)		(4,205,177	)		(197,550	)		(10,746,743	)
Gain on contribution of intellectual property to joint venture		1,746,987			-			-			1,746,987
Interest expense		(17,701	)		(32,037	)		-			(49,738	)
Forgiveness of Covid-19 government support loans		-			-			-			-
Other income, including interest		-			-			188,320			188,320
Share of loss in joint venture		(3,211,993	)		-			-			(3,211,993	)

Net loss	$	(9,395,571	)	$	(10,123,184	)	$	(1,517,935	)	$	(21,036,690	)