Quarterly report [Sections 13 or 15(d)]

Segment Reporting

v3.25.1
Segment Reporting
 3 Months Ended
Mar. 31, 2025
Segment Reporting [Abstract]  
Segment Reporting

10. Segment Reporting

Business segments are components of an enterprise about which discrete financial information is available that is evaluated regularly by the chief operating decision maker (the "CODM") to assess operating performance and allocate resources. Our CODM is

our chief executive officer. Our operations are organized by management into operating segments by line of business. The CODM evaluates performance and allocates resources based on the segment operating income (loss) of the operating segments. The Company does not allocate its corporate expense function across its operating segments. We have two reportable segments: (i) software subscriptions and services and (ii) advertising. No segment-level asset information has been disclosed as our CODM does not review asset information by segment. Reportable segment information is set forth below:
 

 

Software Subscriptions & Services

 

 

Advertising

 

 

Corporate

 

 

Three months ended March 31, 2025

 

Net revenues

 

$

635

 

 

$

53

 

 

$

-

 

 

$

688

 

Cost of revenues

 

 

302

 

 

 

27

 

 

 

-

 

 

 

329

 

Gross profit

 

 

333

 

 

 

26

 

 

 

-

 

 

 

359

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Compensation

 

 

798

 

 

 

121

 

 

 

587

 

 

 

1,506

 

Consulting and professional fees

 

 

279

 

 

 

-

 

 

 

2,293

 

 

 

2,572

 

Facilities and insurance

 

 

20

 

 

 

1

 

 

 

523

 

 

 

544

 

Stock-based compensation

 

 

-

 

 

 

4

 

 

 

67

 

 

 

71

 

Other segment expenses(1)

 

 

108

 

 

 

6

 

 

 

366

 

 

 

480

 

Total operating expenses

 

 

1,205

 

 

 

132

 

 

 

3,836

 

 

 

5,173

 

Operating loss

 

 

(872

)

 

 

(106

)

 

 

(3,836

)

 

 

(4,814

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income

 

 

-

 

 

 

-

 

 

 

1,091

 

 

 

1,091

 

Loss before taxes

 

$

(872

)

 

$

(106

)

 

$

(2,745

)

 

$

(3,723

)

 

 

Software Subscriptions & Services

 

 

Advertising

 

 

Corporate

 

 

Three months ended March 31, 2024

 

Net revenues

 

$

454

 

 

$

467

 

 

$

-

 

 

$

921

 

Cost of revenues

 

 

214

 

 

 

183

 

 

 

-

 

 

 

397

 

Gross profit

 

 

240

 

 

 

284

 

 

 

-

 

 

 

524

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Compensation

 

 

714

 

 

 

115

 

 

 

501

 

 

 

1,330

 

Consulting and professional fees

 

 

3

 

 

 

-

 

 

 

777

 

 

 

780

 

Facilities and insurance

 

 

1

 

 

 

-

 

 

 

424

 

 

 

425

 

Stock-based compensation

 

 

29

 

 

 

-

 

 

 

555

 

 

 

584

 

Impairment of goodwill

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Other segment expenses(1)

 

 

61

 

 

 

4

 

 

 

214

 

 

 

279

 

Total operating expenses

 

 

808

 

 

 

119

 

 

 

2,471

 

 

 

3,398

 

Operating loss

 

 

(568

)

 

 

165

 

 

 

(2,471

)

 

 

(2,874

)

 

 

 

 

 

 

 

 

 

 

 

 

 

Other income

 

 

-

 

 

 

-

 

 

 

582

 

 

 

582

 

Income (loss) before taxes

 

$

(568

)

 

$

165

 

 

$

(1,889

)

 

$

(2,292

)
(1)
Other segment expenses represent marketing, information technology related expenses, travel and other general operating expenses.