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SEGMENT REPORTING | 12 Months Ended
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Dec. 31, 2024
SEGMENT REPORTING | NOTE 19 – SEGMENT REPORTING A. Basis for segmentation The Group operates through various operating segments, which include the wholesale sector, the pharmaceutical manufacturing sector, the nutraceuticals and pharmaceuticals sector and other, with only the first three of them being reportable segments based on the criteria (quantitative thresholds) of ASC 280. The financial information utilized by our Chief Operating Decision Maker (“CODM”), which is our CEO, for resource allocation and performance evaluation is included within the operating segments described above. The reconciling items presented in the tables below are excluded from the segment data provided to the Chief Operating Decision Maker (“CODM”). The “Other” category primarily consists of corporate expenses incurred by the Group’s parent entity, including, but not limited to, costs related to SEC legal and compliance matters, executive compensation, audit and review fees, and other corporate overhead expenses. B. Information about reportable segments The table below present's information about the Company's reportable segments for the 12-month period ended December 31, 2024. The accounting policies followed in the preparation of the reportable segments are the same with those followed in the preparation of the Company's consolidated financial statements. Year ended December 31, 2024
|  | Wholesale |  |  | Pharma manufacturing |  |  | Nutraceuticals & Pharmaceuticals |  |  | Other |  |  | Total |
Revenues |  |  | 51,593,787 |  |  |  | 865,373 |  |  |  | 1,967,242 |  |  |  | - |  |  |  | 54,426,402 |
Cost of Sales |  |  | (48,887,569 | ) |  |  | (249,061 | ) |  |  | (978,449 | ) |  |  | - |  |  |  | (50,115,079 | )
General and Administrative expenses |  |  | (647,225 | ) |  |  | (773,429 | ) |  |  | (1,442,102 | ) |  |  | (4,176,049 | ) |  |  | (7,038,805 | )
Salaries |  |  | (1,701,552 | ) |  |  | (1,243,568 | ) |  |  | (1,430,736 | ) |  |  | (1,317,580 | ) |  |  | (5,693,436 | )
Sales and Marketing expenses |  |  | (10,516 | ) |  |  | (489 | ) |  |  | (255,559 | ) |  |  | (88,405 | ) |  |  | (354,969 | )
Research and Development costs |  |  | - |  |  |  | - |  |  |  | - |  |  |  | (533,293 | ) |  |  | (533,293 | )
Net finance costs |  |  | (840,456 | ) |  |  | - |  |  |  | 234,856 |  |  |  | (265 | ) |  |  | (605,865 | )
Segment profit / (loss) |  |  | (493,531 | ) |  |  | (1,401,174 | ) |  |  | (1,904,748 | ) |  |  | (6,115,592 | ) |  |  | (9,915,045 | )
Reconciling items: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Depreciation and amortization |  |  | (231,344 | ) |  |  | (565,371 | ) |  |  | (334,075 | ) |  |  | (118,448 | ) |  |  | (1,249,238 | )
Provisions |  |  | (1,021,818 | ) |  |  | (123,503 | ) |  |  | (3,549,111 | ) |  |  | - |  |  |  | (4,694,432 | )
Impairment Charges |  |  | - |  |  |  | - |  |  |  | (160,948 | ) |  |  | (131,032 | ) |  |  | (291,980 | )
Other income and expenses |  |  | (304,495 | ) |  |  | 5,789 |  |  |  | 225,665 |  |  |  | 40,718 |  |  |  | (32,323 | )
Net profit/(loss) before Income Taxes |  |  | (2,051,188 | ) |  |  | (2,084,259 | ) |  |  | (5,723,217 | ) |  |  | (6,324,354 | ) |  |  | (16,183,018 | )
The following summary describes the operations of each reportable segment:
Reportable segments |  | Operations
Wholesale |  | Distribution and export of pharmaceutical products
Pharma manufacturing |  | Production of pharmaceutical products
Nutraceutical and pharmaceuticals |  | Trade of owned nutraceutical & pharmaceutical products

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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