Quarterly report [Sections 13 or 15(d)]

SEGMENTS (Tables)

v3.26.1
SEGMENTS (Tables)
3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
SCHEDULE OF RECONCILIATION OF PROFIT (LOSS) FROM SEGMENTS TO CONSOLIDATED

The following table presents reportable segment profit and loss, including significant expense categories, attributable to the Company’s reportable segment for the periods presented:

 

         
    For The Three Months Ended  
    March 31,  
    2026     2025  
             
Revenue, net:   $ 9,032     $ 11,515  
Less:                
Cost of revenue:                
Fixed     1,697       1,690  
Variable     1,431       2,455  
Operating and other expenses:                
Sales and marketing     2,177       2,814  
Research and development     153       177  
General and administrative     2,451       2,550  
Other (income) expense, net     (10 )     57  
Provision for income taxes     302       18  
Segment net income     831       1,754  
Reconciliation of profit or loss:                
Loss on discontinued operations     (110 )     (107 )
Consolidated net income   $ 721     $ 1,647  
SCHEDULE OF RECONCILIATION OF ADJUSTED EBITDA

 

Reconciliation of Adjusted EBITDA (Unaudited)

($ in thousands)

 

         
    Three Months Ended  
    March 31,  
    2026     2025  
Income from continuing operations (GAAP Basis)   $ 831     $ 1,754  
Depreciation and amortization     118       95  
Stock-based compensation     4       15  
Severance expense     -       168  
Taxes expense     302       18  
Non-recurring legal expenses     315       -  
Note payable interest     -       78  
Interest income     (10 )     (7 )
Change in fair value of note payable     -       (25 )
Adjusted EBITDA   $ 1,560     $ 2,096