| 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:
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Software Subscriptions & Services |
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Advertising |
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Corporate |
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Three months ended June 30, 2025 |
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Net revenues |
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$ |
433 |
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|
$ |
22 |
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$ |
- |
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$ |
455 |
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Cost of revenues |
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|
243 |
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|
22 |
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- |
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|
265 |
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Gross profit |
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|
190 |
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- |
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- |
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|
190 |
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Operating expenses: |
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Compensation |
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|
774 |
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|
118 |
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|
500 |
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1,392 |
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Consulting and professional fees |
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|
232 |
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- |
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1,629 |
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1,861 |
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Facilities and insurance |
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12 |
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1 |
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|
403 |
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|
416 |
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Stock-based compensation |
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|
8 |
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4 |
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89 |
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|
101 |
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Other segment expenses(1) |
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127 |
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12 |
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|
541 |
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|
680 |
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Total operating expenses |
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1,153 |
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|
135 |
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3,162 |
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|
4,450 |
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Operating loss |
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(963 |
) |
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(135 |
) |
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(3,162 |
) |
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(4,260 |
) |
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Other income |
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- |
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- |
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1,116 |
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1,116 |
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Loss before taxes |
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$ |
(963 |
) |
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$ |
(135 |
) |
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$ |
(2,046 |
) |
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$ |
(3,144 |
) |
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Software Subscriptions & Services |
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Advertising |
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Corporate |
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Six months ended June 30, 2025 |
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Net revenues |
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$ |
1,068 |
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$ |
75 |
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$ |
- |
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$ |
1,143 |
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Cost of revenues |
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|
545 |
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|
49 |
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- |
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|
594 |
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Gross profit |
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|
523 |
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|
26 |
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- |
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|
549 |
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Operating expenses: |
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Compensation |
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1,572 |
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|
239 |
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|
1,087 |
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2,898 |
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Consulting and professional fees |
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|
511 |
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- |
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3,922 |
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|
4,433 |
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Facilities and insurance |
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|
32 |
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2 |
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|
926 |
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|
960 |
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Stock-based compensation |
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|
8 |
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8 |
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|
156 |
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|
172 |
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Other segment expenses(1) |
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|
235 |
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18 |
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|
907 |
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|
1,160 |
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Total operating expenses |
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2,358 |
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|
267 |
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6,998 |
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9,623 |
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Operating loss |
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(1,835 |
) |
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(241 |
) |
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(6,998 |
) |
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(9,074 |
) |
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Other income |
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- |
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- |
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2,207 |
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|
2,207 |
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Loss before taxes |
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$ |
(1,835 |
) |
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$ |
(241 |
) |
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$ |
(4,791 |
) |
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$ |
(6,867 |
) |
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Software Subscriptions & Services |
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Advertising |
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Corporate |
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Three months ended June 30, 2024 |
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Net revenues |
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$ |
516 |
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$ |
495 |
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$ |
- |
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$ |
1,011 |
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Cost of revenues |
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|
377 |
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|
164 |
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|
- |
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|
541 |
|
Gross profit |
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|
139 |
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|
331 |
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|
- |
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|
470 |
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Operating expenses: |
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Compensation |
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|
764 |
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|
118 |
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|
483 |
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|
1,365 |
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Consulting and professional fees |
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|
54 |
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|
- |
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|
632 |
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|
686 |
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Facilities and insurance |
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|
11 |
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- |
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|
427 |
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|
438 |
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Stock-based compensation |
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|
40 |
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- |
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|
571 |
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|
611 |
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Other segment expenses(1) |
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|
116 |
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2 |
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|
186 |
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|
304 |
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Total operating expenses |
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|
985 |
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|
120 |
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2,299 |
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|
3,404 |
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Operating loss |
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(846 |
) |
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|
211 |
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(2,299 |
) |
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(2,934 |
) |
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Other income |
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|
- |
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- |
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|
303 |
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|
303 |
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Income (loss) before taxes |
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$ |
(846 |
) |
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$ |
211 |
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$ |
(1,996 |
) |
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$ |
(2,631 |
) |
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Software Subscriptions & Services |
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Advertising |
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Corporate |
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Six months ended June 30, 2024 |
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Net revenues |
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$ |
970 |
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$ |
962 |
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$ |
- |
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$ |
1,932 |
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Cost of revenues |
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|
591 |
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|
347 |
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|
- |
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|
938 |
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Gross profit |
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|
379 |
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|
615 |
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|
- |
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|
994 |
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Operating expenses: |
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|
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Compensation |
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1,478 |
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|
233 |
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|
984 |
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|
2,695 |
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Consulting and professional fees |
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|
57 |
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|
- |
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1,409 |
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|
1,466 |
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Facilities and insurance |
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|
12 |
|
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|
- |
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|
851 |
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|
863 |
|
Stock-based compensation |
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|
69 |
|
|
|
- |
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|
1,126 |
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|
|
1,195 |
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Other segment expenses(1) |
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|
177 |
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|
6 |
|
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|
400 |
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|
583 |
|
Total operating expenses |
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|
1,793 |
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|
239 |
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|
4,770 |
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|
6,802 |
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Operating loss |
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(1,414 |
) |
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|
376 |
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(4,770 |
) |
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(5,808 |
) |
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Other income |
|
|
- |
|
|
|
- |
|
|
|
885 |
|
|
|
885 |
|
Income (loss) before taxes |
|
$ |
(1,414 |
) |
|
$ |
376 |
|
|
$ |
(3,885 |
) |
|
$ |
(4,923 |
) |
(1)Other segment expenses represent marketing, information technology related expenses, travel and other general operating expenses.
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