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SEGMENT REPORTING
 12 Months Ended
Dec. 31, 2025
SEGMENT REPORTING  
SEGMENT REPORTING

NOTE 17. SEGMENT REPORTING

 

The Company operates and is managed as a single operating and reportable segment. Our Chief Executive Officer is the chief operating decision maker ("CODM") and is responsible for allocating resources and assessing performance across the organization.

 

The CODM manages the business and allocates resources on a consolidated basis. In assessing performance and making resource allocation decisions, the CODM regularly reviews consolidated financial information including net revenue, gross profit and operating income (loss), which is the Company’s reported measure of segment profit (loss) under ASC 280. The CODM also regularly reviews trends in significant expense categories that are included in this measure, such as professional and consulting fees, selling expenses, research and development, and general and administrative expenses. Other than our cash and cash equivalents, which are reviewed for liquidity management purposes, the CODM does not regularly review asset information at any lower level of the organization for purposes of allocating resources or assessing performance.

 

The Company derives its revenue primarily from the sale of equipment and services based on its proprietary BIT technology, both domestically and internationally. A disaggregation of revenue is presented in Note 2, Summary of Significant Accounting Policies, under Revenue Recognition.