Business Segment Information

3 Months Ended

Mar. 31, 2025

Segment Reporting [Abstract]

Business Segment Information

Note 4 – Business Segment Information

The company operates primarily in three distinct business segments: Commercial Construction, Residential Construction, and Real Estate Development.

Commercial Construction: This segment includes all activities related to the construction of commercial properties such as office buildings, retail spaces, and industrial facilities. Revenue is recognized using the cost-to cost method, reflecting the extent of work performed on contracts.

Residential Construction: This segment focuses on the construction of residential properties, including single-family homes and multi-family units. Revenue recognition is similarly based on the cost-to cost method.

Real Estate Development: This segment encompasses the acquisition, development, and sale of real estate properties. Revenue is recognized upon the sale of developed properties and is influenced by market conditions and demand for residential and commercial properties. The company views this segment as a strategic growth opportunity in the future. We are actively exploring development opportunities and anticipate expanding our footprint in this area over the coming years.

The Company’s segment profit or loss is measured using gross profit, which is the primary performance metric utilized by management to evaluate the financial results of each reportable segment. For segment reporting purposes, gross profit is calculated as the difference between segment revenue and the direct costs associated with specific projects or contracts. These direct costs include materials, labor, subcontractors, and other project-specific expenses directly attributable to the construction activities of each segment.

The financial performance of each segment is regularly reviewed with operational leaders in charge of these segments, the Chief Executive Officer (CEO), the Chief Financial Officer (CFO) and others. The Company’s segment disclosures are presented in accordance with the guidance set forth in ASC 280, Segment reporting. Specifically, the disclosures comply with the requirements outlined in ASC 280-10-50-22 through 50-26, which mandate that an entity disclose certain information about its operating segments to enable users of the financial statements to understand the financial performance of different parts of the business.

In accordance with ASC 280-10-50-22, the Company discloses financial information for each reportable segment, including revenue, operating profit or loss, and other significant items that are used by the chief operating decision maker (CODM) in assessing the performance and making decisions about the allocation of resources. The Company identifies its reportable segments based on the internal management structure, and all relevant information is disclosed in the segment footnote as required.

In accordance with ASC 280-10-50-29, the disclosures also adhere to the requirements of which mandate that the financial information provided for each segment should include items such as capital expenditures, depreciation, and amortization, when appropriate. The disclosures reflect the performance and financial position of each segment, and a reconciliation of segment totals to the overall consolidated financial results, including total segment profit or loss and other significant disclosures.

The Company’s segment disclosures are presented in accordance with the requirements set forth in ASC 280-10-50-30(b) and (c), which specify the need to disclose the total of reportable segments' profit or loss, as well as the basis of measurement used to determine the segment results.

In accordance with ASC 280-10-50-30(b), the Company provides the total of profit or loss for all reportable segments, which reflects the combined operating results for each reportable segment included in the financial statements. The total segment profit or loss represents the aggregation of segment results before the allocation of corporate expenses and certain other items not attributable to specific segments.

As required by ASC 280-10-50-30(c), the Company has also disclosed the basis of measurement for segment profit or loss. The measure used to assess segment performance and allocate resources is operating income (or loss), which includes revenues, cost of sales, and directly attributable operating expenses for each segment. The operating income (or loss) for each reportable segment is reviewed by the Company’s chief operating decision maker (CODM) and serves as the primary performance metric used in resource allocation and operational decision-making.

Segment information is as follows:

For the three months ended March 31, 2025	Commercial			Residential			Real Estate Development	Consolidated
Sales	$	4,091,210		$	1,822,653		-		5,913,863
Cost of Goods Sold		3,074,703			1,369,794		-		4,444,497
Gross Profit (Loss)		1,016,507			452,859				1,469,366
Operating Expenses
Selling & Marketing Expenses		77,540			34,544		-		112,084
General & Administrative Expenses		889,452			396,255		-		1,285,707
Rent expense-related party		24,755			11,029		-		35,784
Depreciation and amortization expense		43,568			19,410		-		62,978
Total Operating Expense		1,035,315			461,238		-		1,496,553
Income From Operations		(18,808	)		(8,379	)	-		(27,187	)
OTHER INCOME (EXPENSE)
Other Income (expenses)		6,918			3,082		-		10,000
Interest Income		32,856			14,638		-		47,494
TOTAL OTHER INCOME		39,774			17,720		-		57,494
NET INCOME (LOSS)	$	20,966		$	9,341		-	$	30,307

For the three months ended March 31, 2024	Commercial		Residential		Real Estate Development		Consolidated
Sales	$	2,477,770	$	577,434		-		3,055,204
Cost of Goods Sold		1,762,333		410,704		-		2,173,037
Gross Profit (Loss)		715,437		166,730		-		882,167
Operating Expenses
Selling & Marketing Expenses		1,449		318		-		1,767
General & Administrative Expenses		652,473		145,636		-		798,109
Loss on fixed asset disposal		3,758		876	-			4,634
Depreciation and amortization expense		23,726		5,529		-		29,255
Total Operating Expense		681,406		158,779		-		840,185
Income From Operations		34,031		7,951		-		41,982
OTHER INCOME (EXPENSE)
Other Income (Expenses)		21,900		5,104		-		27,004
Interest Income		36,016		8,393		-		44,409
TOTAL OTHER INCOME		57,916		13,497		-		71,413
NET INCOME (LOSS)	$	91,947	$	21,448		-	$	113,395