XML 30 R19.htm IDEA: XBRL DOCUMENT v3.24.2.u1
SEGMENT DATA
 6 Months Ended
Jun. 30, 2024
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 six months ended June 30, 2024 and 2023 is as follows:

 

                 
   Three Months Ended June 30,   Six Months Ended June 30, 
   2024   2023   2024   2023 
Telehealth                    
Revenue  $37,432,309   $22,351,128   $68,273,711   $42,553,931 
Gross margin   87.8%   81.5%   87.2%   81.1%
Operating loss  $(6,450,682)  $(8,141,868)  $(13,070,446)  $(13,143,226)
WorkSimpli                    
Revenue  $13,229,536   $13,595,785   $26,532,398   $26,519,317 
Gross margin   96.4%   96.9%   96.7%   97.3%
Operating income  $145,116   $3,246,322   $593,635   $5,394,870 
Consolidated                    
Revenue  $50,661,845   $35,946,913   $94,806,109   $69,073,248 
Gross margin   90.1%   87.4%   89.9%   87.3%
Operating loss  $(6,305,566)  $(4,895,546)  $(12,476,811)  $(7,748,356)

 

Relevant segment data as of June 30, 2024 and December 31, 2023 is as follows:

 

   June 30, 2024   December 31, 2023 
Total Assets          
Telehealth  $53,367,173   $48,126,006 
WorkSimpli   10,453,316    10,354,703 
Consolidated  $63,820,489   $58,480,709