Quarterly report [Sections 13 or 15(d)]

Segment Reporting (Tables)

v3.25.2
Segment Reporting (Tables)
6 Months Ended
Jun. 30, 2025
Segment Reporting [Abstract]  
Schedule of segment reporting
                 
    For the Six Months ended June 30, 2025  
    Perfecular & Lusher     Corporate & IoT     Total  
Revenue   $ 26,019     $ 199,566     $ 225,585  
Cost of revenue     21,835       185,618       207,453  
Gross profit     4,184       13,948       18,132  
                         
Operating expenses                        
Selling expense     1,165       55,235       56,400  
Compensation – officers and directors     –       250,744       250,744  
Research and development     271,462       568,093       839,555  
Professional fees     –       902,146       902,146  
General and administrative     2,512       781,062       783,574  
Total operating expense     275,139       2,557,280       2,832,419  
                         
Loss from operations     (270,955 )     (2,543,332 )     (2,814,287 )
                         
Total other income     1       57,260       57,261  
                         
Net loss   $ (270,954 )   $ (2,486,072 )   $ (2,757,026 )

 

The following tables summarize the financial information of each operating segment of the Company for the six months ended June 30, 2024:

                   
    For the Six Months ended June 30, 2024  
    Perfecular & Lusher     Corporate & IoT     Total  
Revenue   $ 2,116     $ 188,623     $ 190,739  
Cost of revenue     2,315       82,841       85,156  
Gross profit (loss)     (199 )     105,782       105,583  
                         
Operating expenses                        
Selling expense     21,917       53,008       74,925  
Compensation – officers and directors     –       112,048       112,048  
Research and development     92,023       547,502       639,525  
Professional fees     –       707,032       707,032  
General and administrative     12,740       1,005,060       1,017,800  
Total operating expense     126,680       2,424,650       2,551,330  
                         
Loss from operations     (126,879 )     (2,318,868 )     (2,445,747 )
                         
Total other income     907       15,176       16,083  
                         
Loss from discontinued operations     –       (251,039 )     (251,039 )
                         
Net loss   $ (125,972 )   $ (2,554,731 )   $ (2,680,703 )