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SEGMENT REPORTING | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
SEGMENT REPORTING | NOTE 11 – SEGMENT REPORTING Beginning in the current quarter ended March 31, 2025, the Company has two reportable segments, which are aligned with its internal organizational structure and reviewed by the Chief Executive Officer, who is the Company’s Chief Operating Decision Maker (CODM). In accordance with ASC 280, Segment Reporting, segments are defined based on the manner in which financial information is evaluated by the CODM for resource allocation and performance assessment. The Company’s reportable segments are as follows: Auralink — Provider of private telecommunications solutions and proprietary billing services. Nixxy — Provider of marketplace advertising and software subscription services. All material operating units within each segment have been aggregated as they share similar economic characteristics, customer types, nature of products and services, and processes for procurement and delivery. The Company evaluates segment performance based on segment operating loss, which includes gross profit less direct research and development, sales and marketing, and general and administrative expenses that are specifically attributable to each segment. Items below loss from operations, such as interest and taxes, and all balance sheet data are not allocated to segments, as they are not used by the CODM. The tables below present segment information reconciled to total Company loss from operations, with segment operating loss including gross profit less direct research and development expenses and direct selling, general and administrative expenses to the extent specifically identified by segment:
Schedule of segment information |  |  |  |  |  |  |  |
|  | Three Months Ended March 31, 2025
|  | Nixxy |  | Auralink
REVENUE |  |  |  |
Revenue |  | $ | 134,543 |  |  | $ | 1,262,355 |
OPERATING EXPENSES |  |  |  |  |  |  |  |
Cost of revenue |  |  | (868 | ) |  |  | 1,262,355 |
Sales and marketing |  |  | 694,486 |  |  |  | – |
Product development |  |  | 17,984 |  |  |  | – |
Amortization of intangibles |  |  | 204,171 |  |  |  | 68,144 |
General and administrative |  |  | 3,601,300 |  |  |  | 325,596 |
Total operating expenses |  |  | 4,517,073 |  |  |  | 1,656,095 |
LOSS FROM OPERATIONS |  | $ | (4,382,530 | ) |  | $ | (393,740 | )
|  | Three Months Ended March 31, 2024
|  | Nixxy |  | Auralink
REVENUE |  |  |  |
Revenue |  | $ | 222,557 |  |  | $ | – |
OPERATING EXPENSES |  |  |  |  |  |  |  |
Cost of revenue (exclusive of amortization shown separately below) |  |  | 3,029 |  |  |  | – |
Sales and marketing |  |  | 52,746 |  |  |  | – |
Product development |  |  | 11,937 |  |  |  | – |
Amortization of intangibles |  |  | 314,410 |  |  |  | – |
General and administrative |  |  | 893,740 |  |  |  | – |
Total operating expenses |  |  | 1,275,862 |  |  |  | – |
LOSS FROM OPERATIONS |  | $ | (1,053,305 | ) |  | $ | – |
Assets are not allocated to segments for internal reporting presentations. It is impracticable for us to separately identify the amount of amortization and depreciation by segment that is included in the measure of segment profit or loss. Long-lived assets, excluding financial instruments and tax assets, were as follows:
Schedule of segment assets |  | As of March 31, 2025
|  | Nixxy |  | Auralink
ASSETS |  |  |  |
Property and equipment, net |  | $ | 3,159 |  |  | $ | – |
Intangible assets, net |  |  | 1,422,314 |  |  |  | 6,111,701 |
Goodwill |  |  | 2,405,341 |  |  |  | – |
Total assets |  | $ | 3,830,814 |  |  | $ | 6,111,701 |

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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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