Quarterly report [Sections 13 or 15(d)]

Segment Reporting

v3.26.1
Segment Reporting
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Reporting

9. 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. Certain reclassifications have been made to prior years' figures for compensation and consulting and professional services to conform to current year presentation. 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:
 

(in thousands)

 

Software Subscriptions & Services

 

 

Advertising

 

 

Corporate

 

 

Three months ended March 31, 2026

 

Net revenue

 

$

523

 

 

$

19

 

 

$

-

 

 

$

542

 

Cost of revenue

 

 

146

 

 

 

12

 

 

 

-

 

 

 

158

 

Gross profit

 

 

377

 

 

 

7

 

 

 

-

 

 

 

384

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Compensation

 

 

755

 

 

 

83

 

 

 

388

 

 

 

1,226

 

Consulting and professional fees

 

 

371

 

 

 

1

 

 

 

1,893

 

 

 

2,265

 

Facilities and insurance

 

 

7

 

 

 

1

 

 

 

404

 

 

 

412

 

Stock-based compensation

 

 

15

 

 

 

2

 

 

 

78

 

 

 

95

 

Other segment expenses(1)

 

 

197

 

 

 

1

 

 

 

210

 

 

 

408

 

Total operating expenses

 

 

1,345

 

 

 

88

 

 

 

2,973

 

 

 

4,406

 

Operating loss

 

 

(968

)

 

 

(81

)

 

 

(2,973

)

 

 

(4,022

)

Other income

 

 

-

 

 

 

-

 

 

 

828

 

 

 

828

 

Loss before taxes

 

$

(968

)

 

$

(81

)

 

$

(2,145

)

 

$

(3,194

)

 

 

(in thousands)

 

Software Subscriptions & Services

 

 

Advertising

 

 

Corporate

 

 

Three months ended March 31, 2025

 

Net revenue

 

$

635

 

 

$

53

 

 

$

-

 

 

$

688

 

Cost of revenue

 

 

302

 

 

 

27

 

 

 

-

 

 

 

329

 

Gross profit

 

 

333

 

 

 

26

 

 

 

-

 

 

 

359

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Operating expenses:

 

 

 

 

 

 

 

 

 

 

 

 

Compensation

 

 

798

 

 

 

121

 

 

 

432

 

 

 

1,351

 

Consulting and professional fees

 

 

279

 

 

 

-

 

 

 

2,448

 

 

 

2,727

 

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

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