v3.26.1
OPERATING SEGMENTS (Tables)
6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SCHEDULE OF SEGMENT REPORTING

 

   Entertainment   Corporate
and other
   Total 
   Three months ended June 30, 2026 
   Entertainment   Corporate
and other
   Total 
Net revenues:               
Product  $2,644,529   $—   $2,644,529 
Service   2,736,781    —    2,736,781 
Total segment net revenues   5,381,310    —    5,381,310 
Less significant segment expense               
Cost of Revenue - Product   3,988,277    —    3,988,277 
Cost of Revenue – Service and other   2,569,747    —    2,569,747 
Research and development expense   —    —    — 
Selling, advertising and promotional expense   370,170    —    370,170 
General and administrative expense   559,157    747,610    1,306,767 
                
Total segment operating income (loss)  $(2,106,041)  $(747,610)  $(2,853,651)
                
Non-operating (expenses) income:               
Interest income             55,481 
Interest expense             (28,648)
Change in fair value of derivative liabilities             (6)
Gain on the extinguishment of liabilities             — 
Loss on extinguishment of debt – related party             — 
Litigation settlement             (984,000)
Other non-operating income (loss)             20,492 
Total non-operating income (loss)             (936,681)
                
Income before income tax benefit (provision)            $(3,790,332)
                
Depreciation and amortization expense  $45,887   $—   $45,887 
                
Total identifiable assets, net of
eliminations
  $3,420,481   $14,128,931   $17,549,412 

 

 

   Entertainment  

Corporate

and other

   Total 
   Three months ended June 30, 2025 
   Entertainment  

Corporate

and other

   Total 
Net revenues:               
Product  $1,740,828   $—   $1,740,828 
Service   1,118,245    —    1,118,245 
Total segment net revenues   2,859,073    —    2,859,073 
Less significant segment expense               
Cost of Revenue - Product   3,317,407    —    3,317,407 
Cost of Revenue – Service and other   1,094,131    —    1,094,131 
Research and development expense   —    —    — 
Selling, advertising and promotional expense   95,629    —    95,629 
General and administrative expense   919,792    1,193,415    2,113,207 
                
Total segment operating income (loss)  $(2,567,886)  $(1,193,415)  $(3,761,301)
                
Non-operating (expenses) income:               
Interest income             45,946 
Interest expense             (77,280)
Change in fair value of derivative liabilities             857,189 
Gain on the extinguishment of liabilities             10,619 
Loss on extinguishment of debt – related party             (1,249,372)
Other non-operating income (loss)             18,767 
Total non-operating income (loss)             (394,131)
                
Income before income tax benefit (provision)            $(4,155,432)
                
Depreciation and amortization expense  $387,579   $—   $387,579 
                
Total identifiable assets, net of
eliminations
  $4,952,085   $21,011,578   $25,963,663 

 

   Entertainment  

Corporate

and other

   Total 
   Six months ended June 30, 2026 
   Entertainment  

Corporate

and other

   Total 
Net revenues:               
Product  $2,980,635   $—   $2,980,635 
Service   5,606,432    —    5,606,432 
Total segment net revenues   8,587,067    —    8,587,067 
Less significant segment expense               
Cost of Revenue - Product   4,368,645    —    4,368,645 
Cost of Revenue – Service and other   5,176,619    —    5,176,619 
Research and development expense   —    —    — 
Selling, advertising and promotional expense   513,545    —    513,545 
General and administrative expense   1,033,337    1,380,798    2,414,135 
                
Total segment operating income (loss)  $(2,505,079)  $(1,380,798)  $(3,885,877)
                
Non-operating (expenses) income:               
Interest income             132,287 
Interest expense             (96,098)
Change in fair value of derivative liabilities             (289,361)
Gain on the extinguishment of liabilities             63,259 
Loss on extinguishment of debt – related party             — 
Litigation settlement             (984,000)
Other non-operating income (loss)             20,492 
Total non-operating income (loss)             (1,153,421)
                
Income before income tax benefit (provision)            $(5,039,298)
                
Depreciation and amortization expense  $81,532   $—   $81,532 
                
Total identifiable assets, net of
eliminations
  $3,420,481   $14,128,931   $17,549,412 

 

 

   Entertainment  

Corporate

and other

   Total 
   Six months ended June 30, 2025 
   Entertainment  

Corporate

and other

   Total 
Net revenues:               
Product  $2,445,416   $—   $2,445,416 
Service   2,616,088    —    2,616,088 
Total segment net revenues   5,061,504    —    5,061,504 
Less significant segment expense               
Cost of Revenue - Product   3,928,494    —    3,928,494 
Cost of Revenue – Service and other   2,107,401    —    2,107,401 
Research and development expense   —    —    — 
Selling, advertising and promotional expense   171,492    —    171,492 
General and administrative expense   1,726,582    1,782,703    3,509,285 
                
Total segment operating income (loss)  $(2,872,465)  $(1,782,703)  $(4,655,168)
                
Non-operating (expenses) income:               
Interest income             77,921 
Interest expense             (869,553)
Change in fair value of derivative liabilities             3,373,080 
Gain on the extinguishment of liabilities             2,230,716 
Loss on extinguishment of debt – related party             — 
Other non-operating income (loss)             35,467 
Total non-operating income (loss)             4,847,631 
                
Income before income tax benefit (provision)            $192,463 
                
Depreciation and amortization expense  $728,176   $—   $728,176 
                
Total identifiable assets, net of
eliminations
  $4,952,085   $21,011,578   $25,963,663