v3.26.1
NOTE 14: SEGMENT REPORTING
3 Months Ended
Mar. 31, 2026
Notes  
NOTE 14: SEGMENT REPORTING

NOTE 14: SEGMENT REPORTING

 

Following the classification of Ranco LLC as a discontinued operation in the fourth quarter of 2025, the Company has one reportable segment for the three months ended March 31, 2026 consisting of the CFN/Wine segment, which includes the operations of J Street, Prestige, Interstice Cellars, the CFN Media business, and CNP Operating.

 

Prior to the discontinued operations classification, the Company had three operating segments: Ranco-Legacy, Ranco-AGP, and CFN (which included the CFN Media business, J Street, and CNP Operating). The historical segment results for the Ranco-Legacy and Ranco-AGP segments are now presented within discontinued operations. 

 

As the Company operates in a single reportable segment, the segment financial information is the same as the consolidated financial statements for continuing operations. The following table summarizes key financial data for the Company's single reportable segment:

 

 

 

Three Months Ended
March 31,

 

2026

 

2025

Net revenues

 

$87,917  

 

$2,283  

Cost of revenue

 

57,247  

 

252  

Gross profit

 

30,670  

 

2,031  

 

 

 

 

 

Selling, general and administrative

 

1,226,514  

 

463,931  

Loss from operations

 

(1,195,844) 

 

(461,900) 

 

 

 

 

 

Interest expense

 

(55,108) 

 

(54,248) 

Other income

 

16,618  

 

-  

Total other expense, net

 

(38,490) 

 

(54,248) 

 

 

 

 

 

Provision for income taxes

 

-  

 

-  

Net loss from continuing operations

 

(1,234,334) 

 

(516,148) 

 

 

 

 

 

Total assets

 

$715,272  

 

$1,230,330