v3.26.1
SEGMENTS
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SEGMENTS

NOTE 6 - SEGMENTS

 

The Company’s Chairman of the Board serves as the Chief Operating Decision Maker (“CODM”). The CODM reviews financial information, allocates resources, and assesses performance on a consolidated basis. During the six months ended June 30, 2026, the Company had no revenue-generating product line or operating. The Company’s activities consisted primarily of maintaining corporate operations and public company compliance, preserving potential legacy product and intellectual property opportunities, and evaluating strategic alternatives and business development opportunities, including possible transactions, acquisitions, joint ventures or new business lines. Accordingly, the Company has determined that it operates in one reportable segment, identified as Corporate and Business Development. This change from the prior descriptor “Consumer Home Goods” reflects the Company’s current activities and does not represent a change in the composition of the Company’s single reportable segment, the CODM, or the measure of segment profit or loss reviewed by the CODM.

 

 

The CODM evaluates segment performance primarily based on segment net loss. The CODM uses segment net loss to evaluate operating performance and allocate resources. The Company’s operations are managed on a centralized basis.

 

The following table presents net revenue, significant segment expenses, and segment net loss for the Company’s single reportable segment for the period ended June 30, 2026 and 2025:

 

  

For the three months ended

June 30, 2026

  

For the three months ended

June 30, 2025

 
Revenue, net  $—   $— 
Less:          
Professional fees   51,481    42,488 
General and administrative   19,823    27,941 
Segment net loss   (71,304)   (70,429)
           
Reconciliation of loss:          
Interest expense   (13,620)   (6,104)
Income (loss) before income taxes   (84,924)   (76,533)

 

  

For the six months ended

June 30, 2026

  

For the six months ended

June 30, 2025

 
Revenue, net  $—   $— 
Less:          
Product development   —    125 
Professional fees   118,885    120,922 
General and administrative   34,629    56,177 
Segment net loss   (153,514)   (177,224)
           
Reconciliation of loss:          
Interest expense   (23,679)   (10,388)
Income (loss) before income taxes   (177,193)   (187,612)

 

There were no other segment items for the six months ended June 30, 2026 and 2025. Because the Company has one reportable segment, total segment assets are the same as total consolidated assets as presented in the consolidated balance sheets.