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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 

 

$-