XML 34 R23.htm IDEA: XBRL DOCUMENT v3.25.3
SEGMENT DATA
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
SEGMENT DATA

NOTE 14 – SEGMENT DATA

 

Our portfolio of brands are included within two operating segments: Telehealth and WorkSimpli. Our CODM is our Chief Executive Officer. The CODM uses segment operating income or loss to determine segment profitability in order to assess performance and allocate resources for the Company’s operating segments based on monitoring of budgeted versus actual results.

 

Relevant segment data for the three and nine months ended September 30, 2025 and 2024 is as follows:

 

   2025   2024   2025   2024 
   Three Months Ended
September 30,		   Nine months Ended
September 30,		 
   2025   2024   2025   2024 
Telehealth                
Revenue, net  $47,279,933   $40,154,683   $147,186,714   $109,687,054 
Cost of revenue   6,714,235    4,300,877    21,689,400    13,049,315 
Significant Segment Expenses:                    
Selling and marketing expenses   22,563,994    18,120,390    66,988,030    52,283,127 
Payroll expenses   7,422,880    8,135,818    22,719,082    21,148,004 
Merchant processing fees   1,840,614    2,000,523    5,930,182    5,036,379 
Other general and administrative expenses   6,701,571    7,241,212    23,232,089    20,055,420 
Other segment items(1)   5,080,013    4,101,385    13,199,909    13,672,118 
Segment operating loss  $(3,043,374)  $(3,745,522)  $(6,571,978)  $(15,557,309)
                     
WorkSimpli                    
Revenue, net  $12,892,537   $13,117,611   $39,788,325   $39,650,009 
Cost of revenue   693,678    712,664    1,793,133    1,589,318 
Significant Segment Expenses:                    
Selling and marketing expenses   6,910,496    8,491,282    20,805,618    24,881,353 
Payroll expenses   891,089    637,206    2,286,751    3,033,994 
Merchant processing fees   787,022    843,087    2,421,009    2,450,340 
Other general and administrative expenses   1,426,339    1,548,028    4,243,040    4,168,593 
Other segment items(1)   1,109,753    1,136,096    3,113,230    2,402,150 
Segment operating income (loss)  $1,074,160   $(250,752)  $5,125,544   $1,124,261 
                     
Consolidated                    
Revenue, net  $60,172,470   $53,272,294   $186,975,039   $149,337,063 
                     
Segment operating loss  $(1,969,214)  $(3,996,274)  $(1,446,434)  $(14,433,048)
Interest expense, net   (262,456)   (558,597)   (1,551,758)   (1,567,743)
Loss on debt extinguishment   (1,155,851)   -    (1,155,851)   - 
Net loss  $(3,387,521)  $(4,554,871)  $(4,154,043)  $(16,000,791)

 

(1) Other segment items include stock-based compensation and depreciation and amortization for our Telehealth segment and depreciation and amortization for our WorkSimpli segment.

 

Total Assets  September 30,
2025		   December 31,
2024		 
Telehealth  $56,046,430   $65,976,661 
WorkSimpli   9,936,948    10,119,636 
Consolidated  $65,983,378   $76,096,297 

 

Total expenditures for purchases of capitalized software, equipment, and intangible assets, which are reported on the Company’s unaudited condensed consolidated statements of cash flows totaled $7.6 million and $6.4 million for our Telehealth segment during the nine months ended September 30, 2025 and 2024, respectively, and $2.6 million and $2.4 million for our WorkSimpli segment during the nine months ended September 30, 2025 and 2024, respectively.