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SEGMENT DATA
 9 Months Ended
Sep. 30, 2023
Segment Reporting [Abstract]  
SEGMENT DATA

NOTE 12 – SEGMENT DATA

 

Our portfolio of brands are included within two operating segments: Telehealth and WorkSimpli. We believe our current segments and brands within our segments complement one another and position us well for future growth. Relevant segment data for the three and nine months ended September 30, 2023 and 2022 is as follows:

 

   2023   2022   2023   2022 
   Three Months Ended September 30,   Nine Months Ended September 30, 
   2023   2022   2023   2022 
Telehealth                    
Revenue  $24,342,789   $21,365,178   $66,896,719   $66,231,202 
Gross margin   81.6%   78.9%   81.3%   78.8%
Operating loss  $(7,716,355)  $(7,671,742)  $(20,859,582)  $(34,181,305)
WorkSimpli                    
Revenue  $14,271,122   $10,047,291   $40,790,439   $24,682,602 
Gross margin   97.9%   97.9%   97.5%   97.7%
Operating income  $3,146,974   $606,041   $8,541,845   $1,104,465 
Consolidated                    
Revenue  $38,613,911   $31,412,469   $107,687,158   $90,913,804 
Gross margin   87.6%   85.0%   87.4%   83.9%
Operating loss  $(4,569,381)  $(7,065,701)  $(12,317,737)  $(33,076,840)

 

Relevant segment data as of September 30, 2023 and December 31, 2022 is as follows:

 

   September 30, 2023   December 31, 2022 
Total Assets          
Telehealth  $30,616,898   $18,163,464 
WorkSimpli   10,074,126    7,502,389 
Consolidated  $40,691,024   $25,665,853