SEGMENT DATA

9 Months Ended

Sep. 30, 2024

Segment Reporting [Abstract]

SEGMENT DATA

NOTE 12 – SEGMENT DATA

Our portfolio of brands are included within two operating segments: Telehealth and WorkSimpli. We believe our current segments and brands within our segments complement one another and position us well for future growth. Relevant segment data for the three and nine months ended September 30, 2024 and 2023 is as follows:

	Three Months Ended September 30,						Nine Months Ended September 30,
	2024			2023			2024			2023
Telehealth
Revenue	$	40,275,546		$	24,342,789		$	108,549,257		$	66,896,719
Gross margin		89.3	%		81.6	%		88.0	%		81.3	%
Operating loss	$	(3,624,659	)	$	(7,716,355	)	$	(16,695,105	)	$	(20,859,582	)
WorkSimpli
Revenue	$	13,117,611		$	14,271,122		$	39,650,009		$	40,790,439
Gross margin		94.6	%		97.9	%		96.0	%		97.5	%
Operating (loss) income	$	(1,061,453	)	$	3,146,974		$	(467,818	)	$	8,541,845
Consolidated
Revenue	$	53,393,157		$	38,613,911		$	148,199,266		$	107,687,158
Gross margin		90.6	%		87.6	%		90.1	%		87.4	%
Operating loss	$	(4,686,112	)	$	(4,569,381	)	$	(17,162,923	)	$	(12,317,737	)

Relevant segment data as of September 30, 2024 and December 31, 2023 is as follows:

	September 30, 2024		December 31, 2023
Total Assets
Telehealth	$	63,759,164	$	48,126,006
WorkSimpli		8,800,758		10,354,703
Consolidated	$	72,559,922	$	58,480,709