| Schedule of Information about Reportable Segments |
The following represents the information for the Company’s
reportable segments for the years ended December 31, 2024 and 2023, respectively.
| | |
2024 | | |
2023 | |
| Revenue by segment | |
| | |
| |
| Real Estate Brokerage Services (Residential) | |
$ | 57,024,911 | | |
$ | 20,450,348 | |
| Franchising Services | |
| 329,069 | | |
| 883,606 | |
| Coaching Services | |
| 568,516 | | |
| 628,846 | |
| Property Management | |
| 11,115,368 | | |
| 9,680,688 | |
| Real Estate Brokerage Services (Commercial) | |
| 327,912 | | |
| 115,916 | |
| Title Settlement and Insurance | |
| 83,010 | | |
| - | |
| | |
$ | 69,448,786 | | |
$ | 31,759,404 | |
| Cost of goods sold by segment | |
| | | |
| | |
| Real Estate Brokerage Services (Residential) | |
$ | 51,684,882 | | |
$ | 18,764,157 | |
| Franchising Services | |
| 488,136 | | |
| 472,309 | |
| Coaching Services | |
| 310,288 | | |
| 330,365 | |
| Property Management | |
| 10,774,162 | | |
| 9,350,248 | |
| Real Estate Brokerage Services (Commercial) | |
| 238,039 | | |
| 1,157 | |
| Title Settlement and Insurance | |
| - | | |
| - | |
| | |
$ | 63,495,507 | | |
$ | 28,918,236 | |
| Gross profit (loss) by segment | |
| | | |
| | |
| Real Estate Brokerage Services (Residential) | |
$ | 5,340,029 | | |
$ | 1,686,191 | |
| Franchising Services | |
| (159,067 | ) | |
| 411,297 | |
| Coaching Services | |
| 258,228 | | |
| 298,481 | |
| Property Management | |
| 341,206 | | |
| 330,440 | |
| Real Estate Brokerage Services (Commercial) | |
| 89,873 | | |
| 114,759 | |
| Title Settlement and Insurance | |
| 83,010 | | |
| - | |
| | |
$ | 5,953,279 | | |
$ | 2,841,168 | |
| G&A by segment | |
| | | |
| | |
| Real Estate Brokerage Services (Residential) | |
$ | 10,414,191 | | |
$ | 4,414,610 | |
| Franchising Services | |
| 20,112 | | |
| (3,980 | ) |
| Coaching Services | |
| 1,625 | | |
| 2,051 | |
| Property Management | |
| 52,264 | | |
| 41,205 | |
| Real Estate Brokerage Services (Commercial) | |
| 51,717 | | |
| 19,454 | |
| Title Settlement and Insurance | |
| 85,642 | | |
| - | |
| | |
$ | 10,625,551 | | |
$ | 4,473,340 | |
|
| Schedule of Disaggregation of Revenue and Timing of Satisfaction of Performance Obligation |
The following table disaggregates the Company’s revenue based
on the type of sale or service and the timing of satisfaction of performance obligations for the years ended December 31:
| | |
2024 | | |
2023 | |
| Performance obligations satisfied at a point in time | |
$ | 56,169,461 | | |
$ | 20,448,767 | |
| Performance obligations satisfied over time | |
| 13,279,325 | | |
| 11,310,637 | |
| Revenue | |
$ | 69,448,786 | | |
$ | 31,759,404 | |
|