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SEGMENTS
 3 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
SEGMENTS

NOTE 10 – SEGMENTS

We define our segments as those operations whose results our chief operating decision maker ("CODM") reviews to analyze performance and allocate resources. Our CODM is our chief executive officer. The CODM assesses the performance of the Company and decides how to allocate resources based on consolidated earnings before interest expense, income taxes, depreciation and amortization ("EBITDA"). The CODM uses consolidated EBITDA to analyze how profitable the business is, including reviewing in comparison to budget and in comparison to the prior year performance when making decisions on allocating capital and resources. Significant expense categories regularly provided to and reviewed by the CODM are those presented in the condensed consolidated statement of operations.

Our CODM does not use asset book values in assessing performance or allocating resources for our operating segments and therefore this information is not disclosed.

The following table presents consolidated EBITDA for our reportable segment:

 

For the three months ended June 30,

 

 

2025

 

 

2024

 

 

 

 

 

 

 

 

Net revenues

 

$

11,857,376

 

 

$

12,281,991

 

Cost of revenues

 

 

1,522,398

 

 

 

1,744,790

 

Selling and marketing

 

 

56,531

 

 

 

83,404

 

Corporate and administrative

 

 

7,337,936

 

 

 

8,632,953

 

Employee salaries and related expenses

 

 

5,441,165

 

 

 

4,710,406

 

Consolidated EBITDA

 

 

(2,500,654

)

 

 

(2,889,562

)

Adjustments and reconciling items:

 

 

 

 

 

 

Depreciation and amortization

 

 

3,510,021

 

 

 

3,345,803

 

Other income

 

 

496,312

 

 

 

252,232

 

Interest expense

 

 

(348,330

)

 

 

(45,478

)

Provision for income taxes

 

 

—

 

 

 

(5,968,414

)

Net loss from continuing operations

 

$

(5,862,693

)

 

$

(11,997,025

)