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SEGMENT REPORTING
 9 Months Ended 12 Months Ended
Sep. 30, 2025
Dec. 31, 2024
Segment Reporting [Abstract]    
SEGMENT REPORTING

NOTE 11 – SEGMENT REPORTING

 

The Company reports segment information in the same way management internally organizes the business in assessing performance and making decisions regarding allocation of resources in accordance with ASC 280, “Segment Reporting”. The Company has a single reportable operating segment which operates as a single business platform. In reaching this conclusion, management considered the definition of the Chief Operating Decision Maker (“CODM”), how the business is defined by the CODM, the nature of the information provided to the CODM, how the CODM uses such information to make operating decisions, and how resources and performance are assessed. The Company’s CODM is its Chief Executive Officer, who reviews financial information presented on a consolidated basis for purposes of allocating resources and evaluating financial performance. The Company has a single, common management team and our cash flows are reported and reviewed with no distinct cash flows.

 

 

In addition to the significant expense categories included within net loss presented on the Company’s consolidated statements of operations, see below for disaggregated amounts that comprise general and administrative expenses.

 

   September 30, 2025   September 30, 2024   September 30, 2025   September 30, 2024 
   Three months ended   Nine months ended 
   September 30, 2025   September 30, 2024   September 30, 2025   September 30, 2024 
Payroll and related taxes  $2,938,743   $6,654,718   $9,702,403   $7,727,767 
Professional and consulting fees   366,559    1,393,753    704,116    2,238,744 
Legal fees   222,953    384,270    702,615    581,835 
Insurance   122,721    166,724    414,177    220,713 
Other   174,695    381,500    1,087,355    714,330 
Total  $3,825,671   $8,980,965   $12,610,666   $11,483,389 

 

NOTE 15 – SEGMENT REPORTING

 

The Company reports segment information in the same way management internally organizes the business in assessing performance and making decisions regarding allocation of resources in accordance with ASC 280, “Segment Reporting”. The Company has a single reportable operating segment which operates as a single business platform. In reaching this conclusion, management considered the definition of the Chief Operating Decision Maker (“CODM”), how the business is defined by the CODM, the nature of the information provided to the CODM, how the CODM uses such information to make operating decisions, and how resources and performance are assessed. The Company has a single, common management team and our cash flows are reported and reviewed with no distinct cash flows. The measure of segment assets is reported on the consolidated balance sheets as total consolidated assets. All of the Company’s long-lived assets are located in the United Sates.

 

In addition to the significant expense categories included within net loss presented on the Company’s consolidated statements of operations, see below for disaggregated amounts that comprise general and administrative expenses.

 

   Year ended  

Period from

March 16, 2023

(inception)

through

 
  

December 31,

2024

  

December 31,

2023

 
Professional and consulting fees  $4,455,225   $1,586,680 
Legal and book-keeping services   1,134,778    347,835 
Personnel and related taxes   10,951,854    443,672 
Insurance   355,932    12,473 
Marketing and advertisement   91,319    119,363 
Other   983,720    165,675 
 Total general and administrative expenses  $17,972,828   $2,675,698 

 

 

Stardust Power Inc. and Subsidiaries

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS