SEGMENT INFORMATION

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

SEGMENT INFORMATION

NOTE 5. SEGMENT INFORMATION

In accordance with FASB ASC 280 Segment Reporting, the Company operates as a single reporting segment. The Company’s corporate general and administrative costs are not segment specific. As a result, all corporate operating expenses are not managed on a segment basis.

The Company adopted ASU 2023-07 effective January 1, 2024, on a retrospective basis. As the Company operates as a single reportable segment, the adoption did not have an impact on the Company’s consolidated financial statements. However, it did result in enhanced disclosures related to segment expenses and reconciliations to consolidated totals. Specifically, the Company has begun disclosing segment-specific expenses that are regularly reviewed by the CODM (the Company’s Chief Executive Officer Jeffrey Holman) in accordance with the new standard. This adoption did not have an impact on the Company’s consolidated financial statements.

The following table summarizes the significant segment expenses on continuing basis:

	For the Years Ended December 31,
	2024		2023
Depreciation and Amortization	$	58,196	$	57,527
Other operating expense		4,202		11,609
Total significant reporting segment expenses	$	62,398	$	69,136
Unallocated amount		8,375,027		7,382,303
Consolidated reporting segment expense	$	8,437,425	$	7,451,439

The following table summarizes the reconciliations of reportable segment profit or loss and assets to the Company’s consolidated totals on continuing basis:

	For the Years Ended December 31,
	2024			2023
Segment net operating income (loss)	$	(128,703	)	$	(69,306	)
Unallocated amount		(8,375,027	)		(7,382,303	)
Consolidated loss from operation	$	(8,503,730	)	$	(7,451,609	)

	2024		2023
Total reporting segment assets	$	195,935	$	341,934
Unallocated amount		2,024,514		5,948,088
Consolidated total assets	$	2,220,449	$	6,290,022