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SEGMENT REPORTING
 9 Months Ended
Sep. 30, 2025
Segment Reporting [Abstract]  
SEGMENT REPORTING

 

16. SEGMENT REPORTING

 

As of September 30, 2025, the Company had two reportable operating segments as determined by management using the “management approach” as defined by the authoritative guidance on Disclosures about Segments of an Enterprise and Related Information.

 

  (1) Healthcare (Nova)
  (2) Real Estate (Edge View)

 

These segments are a result of differences in the nature of the products and services sold. Their operating results are regularly reviewed by the Company’s chief operating decision maker group, which consists of the Chairman of the Board, the Chief Executive Officer and the Chief Financial Officer. Corporate administration costs, which include, but are not limited to, general accounting, human resources, legal and credit and collections, are partially allocated to the two operating segments.

 

The healthcare segment provides a full range of diagnostic and surgical services for injuries and disorders of the skeletal system and associated bones, joints, tendons, muscles, ligaments, and nerves.

 

The real estate segment consists of Edge View, a real estate company that owns five (5) acres zoned medium density residential (MDR) with 12 lots already platted, six (6) acres zoned high-density residential (HDR) that can be platted in various configurations to meet current housing needs, and twelve (12) acres zoned in Lemhi County as Agriculture that is available for further annexation into the City of Salmon for development, as well as a common area for landowners to view wildlife, provide access to the Salmon River and fishing in a two (2) acre pond. 

 

The accounting policies of the segments are the same as those described in Note 1. Summary of Significant Accounting Policies. Management uses revenues, cost of sales, operating expenses, income (loss) from subsidiaries and income (loss) before taxes to evaluate and measure its subsidiaries’ success. To help the segments achieve optimal operating performance, management retains the prior owners of the subsidiaries and allows them to do what they do best, which is run the business. Additionally, management monitors key metrics primarily revenues and income from operations in order to allocate resources accordingly.

        
   September 30, 2025   December 31, 2024 
Asset:          
Healthcare  $25,975,901   $21,298,866 
Real Estate   547,705    576,478 
Corporate, administration and other   1,085,910    2,050,335 
Consolidated assets  $27,609,516   $23,925,679 

 

   Three Months Ended September 30, 
   2025   2024 
Revenues:          
Healthcare  $3,058,740   $1,355,641 
Real Estate   –    – 
Consolidated revenues  $3,058,740   $1,355,641 
           
Cost of sales:          
Healthcare  $1,149,161   $1,000,601 
Real Estate   –    – 
Consolidated cost of sales  $1,149,161   $1,000,601 
           
Operating Expenses:          
Healthcare          
Depreciation expense  $762   $3,365 
Selling, general and administrative   265,289    213,478 
Total Healthcare   266,051    216,843 
Real Estate   25    4,000 
Corporate, administration and other expenses (a)   1,000,224    719,357 
Consolidated operating expenses  $1,266,300   $940,200 
           
Income (loss) from operations from subsidiaries:          
Healthcare  $1,643,528   $138,197 
Real Estate   (25)   (4,000)
Income from operations from subsidiaries   1,643,503    134,197 
Loss from operations from Cardiff Lexington   (1,000,224)   (719,357)
Total income (loss) from operations  $643,279   $(585,160)
           
Income (loss) before taxes          
Healthcare  $1,643,528   $138,197 
Real Estate   (25)   (4,000)
Corporate, administration and other non-operating expenses (b)   (2,787,802)   (2,112,165)
Consolidated loss from continuing operations  $(1,144,299)  $(1,977,968)

 

   Nine Months Ended September 30, 
   2025   2024 
Revenues:          
Healthcare  $8,763,314   $5,149,416 
Real Estate   –    – 
Consolidated revenues  $8,763,314   $5,149,416 
           
Cost of sales:          
Healthcare  $3,317,943   $2,741,765 
Real Estate   –    – 
Consolidated cost of sales  $3,317,943   $2,741,765 
           
Operating Expenses:          
Healthcare          
Depreciation expense  $4,890   $10,096 
Loss on disposal of fixed assets   12,593    – 
Selling, general and administrative   852,978    658,456 
Total Healthcare   870,461    668,552 
Real Estate   29,143    8,836 
Corporate, administration and other expenses (a)   2,748,877    2,255,914 
Consolidated operating expenses  $3,648,481   $2,933,302 
           
Income (loss) from operations from subsidiaries:          
Healthcare  $4,574,910   $1,739,099 
Real Estate   (29,143)   (8,836)
Income from operations from subsidiaries   4,545,767    1,730,263 
Loss from operations from Cardiff Lexington   (2,748,877)   (2,255,914)
Total income (loss) from operations  $1,796,890   $(525,651)
           
Income (loss) before taxes          
Healthcare  $4,573,313   $1,739,099 
Real Estate   (29,143)   (8,836)
Corporate, administration and other non-operating expenses (b)   (7,365,641)   (4,011,608)
Consolidated loss from continuing operations  $(2,821,471)  $(2,281,345)

 

(a) Corporate, administration and other operating expenses includes payroll, management fees, stock compensation, legal fees, accounting fees and public company/investor relations fees.
   
(b) Corporate, administration and other non-operating expenses includes corporate selling, general and administrative expenses such as noted above as well as interest, amortization of notes payable discount and gain on settlement of debt.