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NOTE 9 - SEGMENT AND GEOGRAPHIC INFORMATION: Schedule of Segment Reporting Information, by Segment (Tables)
12 Months Ended
Dec. 31, 2025
Schedule of Segment Reporting Information, by Segment

 

 

Year Ended

 

December 31,

2025

 

2024

 

 

 

 

Revenue

$14,551,774  

 

$-  

Revenue, related party

7,288,094  

 

-  

Total revenues

21,839,868  

 

-  

Cost of revenue

11,652,662  

 

-  

Cost of revenue, related party

7,303,516  

 

 

Gross profit

2,883,690  

 

-  

 

 

 

 

Operating expenses:

 

 

 

Selling, general and administrative

3,187,054  

 

2,115,924  

Wages and benefits

1,026,034  

 

144,000  

Depreciation and amortization

1,598,742  

 

 

Research and development

-  

 

745,024  

     Total operating expenses

5,811,830  

 

3,004,948  

Loss from operations

(2,928,140) 

 

(3,004,948) 

 

 

 

 

Other income (expense):

 

 

 

Interest expense, net

(5,573) 

 

-  

Extinguishment of debt

-  

 

(265,596) 

Change in FV of contingent consideration

3,387,266  

 

 

Other expense

(32,693) 

 

-  

     Total other income (expense)

3,349,000  

 

(265,596) 

Income (loss) before income taxes

420,860  

 

(3,270,544) 

Income taxes

(497,495) 

 

-  

Net income (loss)

$918,355  

 

$(3,270,544) 

 

Property, Plant and Equipment  
Schedule of Segment Reporting Information, by Segment

 

Year Ended

 

December 31,

2025

 

2024

Malta

118,886 

 

- 

Sweden

7,168 

 

- 

$126,054 

 

$- 

Finite-Lived Intangible Assets  
Schedule of Segment Reporting Information, by Segment

 

Year Ended

 

December 31,

2025

 

2024

Europe

8,748,810 

 

- 

United States

32,688,749 

 

- 

$41,437,559 

 

$-