v3.25.3
SEGMENT INFORMATION
 9 Months Ended 12 Months Ended
Sep. 30, 2025
Dec. 31, 2024
Segment Reporting [Abstract]    
SEGMENT INFORMATION

NOTE 11 – SEGMENT INFORMATION

 

The Company operates as one operating segment. The Company’s chief operating decision maker (“CODM”) is its chief executive officers, who reviews financial information presented on a consolidated basis. The CODM uses consolidated operating margin and net income (loss) to assess financial performance and allocate resources. These financial metrics are used by the CODM to make key operating decisions, such as the allocation of budget between cost of revenues, sales and marketing, professional fees, and general and administrative expenses.

 

The following table presents selected financial information with respect to the Company’s single operating segment for the three and nine months ended September 30, 2025 and 2024:

   September 30, 2025   September 30, 2024 
   For the Three Months Ended 
   September 30, 2025   September 30, 2024 
Revenue  $-   $- 
           
Operating expenses          
General and administrative expenses   684,895    161,331 
Professional fees   532,963    124,800 
Total operating expenses   1,217,858    286,131 
Operating loss   (1,217,858)   (286,131)
Operating margin   -100%   -100%
           
Other income (expenses)          
Patent infringement income   95,000    - 
Interest income   -    3 
Change in fair value of earnout shares liability   579    - 
Change in fair value of warrants liability   (319,983)   - 
Interest expense   (2,817,337)   (29,618)
Total other income (expense)   (3,041,741)   (29,615)
Income (loss) before income tax expense   (4,259,599)   (315,746)
Income tax expense   -    - 
Net income (loss)  $(4,259,599)  $(315,746)

 

   September 30, 2025   September 30, 2024 
   For the Nine Months Ended 
   September 30, 2025   September 30, 2024 
Revenue  $-   $- 
           
Operating expenses          
General and administrative expenses   2,375,120    285,958 
Professional fees   1,350,749    311,637 
Total operating expenses   3,725,869    597,595 
Operating loss   (3,725,869)   (597,595)
Operating margin   -100%   -100%
           
Other income (expenses)          
Patent infringement income   108,096    - 
Interest income   6    8 
Change in fair value of earnout shares liability   1,052,494    - 
Change in fair value of warrants liability   (667,630)   - 
Loss on settlement of debt   (598,324)   - 
Interest expense   (3,523,515)   (127,892)
Total other income (expense)   (3,628,873)   (127,884)
Income (loss) before income tax expense   (7,354,742)   (725,479)
Income tax expense   -    - 
Net income (loss)  $(7,354,742)  $(725,479)

 

The Company’s had $8,050 and $0 in long-lived tangible assets as of September 30, 2025 and December 31, 2024, respectively.

 

 

NOTE 12 – SEGMENT INFORMATION

 

The Company operates as one operating segment. The Company’s chief operating decision maker (“CODM”) is its chief executive officers, who review financial information presented on a consolidated basis. The CODM uses consolidated operating margin and net income (loss) to assess financial performance and allocate resources. These financial metrics are used by the CODM to make key operating decisions, such as the allocation of budget between cost of revenues, sales and marketing, professional fees, and general and administrative expenses.

 

The following table presents selected financial information with respect to the Company’s single operating segment for the years ended December 31, 2024 and 2023:

 

   December 31, 2024   December 31, 2023 
   For the Years Ended 
   December 31, 2024   December 31, 2023 
         
Revenue  $-   $- 
           
Operating expenses          
General and administrative expenses   396,434    42,918 
Professional fees   438,461    349,031 
Total operating expenses   834,895    391,949 
Operating loss   (834,895)   (391,949)
Operating margin   -100.0%   -100.0%
           
Other income (expenses)          
Interest income   13    7 
Change in fair value of earnout shares liability   18,731,514    - 
Change in fair value of warrants liability   (397,553)   - 
Forbearance fee expense   (13,226,926)   - 
Interest expense   (168,886)   (109,353)
Total other income (expense)   4,938,162    (109,346)
Income (loss) before income tax expense   4,103,267    (501,295)
Income tax expense   (200)   - 
Net income (loss)  $4,103,067   $(501,295)

 

The Company’s had no long-lived tangible assets for the years ended December 31, 2024 and 2023.