Quarterly report pursuant to Section 13 or 15(d)

SEGMENT REPORTING

v3.24.3
SEGMENT REPORTING
 9 Months Ended
Sep. 30, 2024
Segment Reporting [Abstract]  
SEGMENT REPORTING

14. SEGMENT REPORTING

 

The Company currently operates two reportable segments, MARKET.live and Go Fund Yourself. The Company also operates a third business unit, currently operating in stealth mode, which for the period ending September 30, 2024, the Company does not deem to be a reportable segment.

 

The following tables summarize the Company’s reportable segment information and unallocated corporate expenses (in thousands):

 

(in thousands)   MARKET.live     Go Fund Yourself     Corporate     Consolidated     MARKET.live     Go Fund Yourself     Corporate     Consolidated  
    Three months ended September 30, 2024     Three months ended September 30, 2023  
    Reportable Segments                 Reportable Segments              
(in thousands)   MARKET.live     Go Fund Yourself     Corporate     Consolidated     MARKET.live     Go Fund Yourself     Corporate     Consolidated  
                                                 
Revenues   $ 103     $ 25     $ -     $ 128     $ 29     $         -     $ -     $ 29  
                                                                 
Costs and expenses:                                                                
Cost of revenue, exclusive of depreciation and amortization shown separately below     35       19       -       54       5       -       -       5  
Depreciation and amortization     250       3       20       273       539       -       25       564  
General and administrative     847       204       1,062       2,113       636       -       2,214       2,850  
                                                                 
Total costs and expenses     1,132       226       1,082       2,440       1,180       -       2,239       3,419  
Operating loss   $ (1,029 )   $ (201 )   $ (1,082 )   $ (2,312 )   $ (1,151 )   $ -     $ (2,239 )   $ (3,390 )

 

(in thousands)   MARKET.live     Go Fund Yourself     Corporate     Consolidated     MARKET.live     Go Fund Yourself     Corporate     Consolidated  
    Nine months ended September 30, 2024     Nine months ended September 30, 2023  
    Reportable Segments                 Reportable Segments              
(in thousands)   MARKET.live     Go Fund Yourself     Corporate     Consolidated     MARKET.live     Go Fund Yourself     Corporate     Consolidated  
                                                 
Revenues   $ 147     $ 25     $ -     $ 172     $ 34     $        -     $ -     $ 34  
                                                                 
Costs and expenses:                                                                
Cost of revenue, exclusive of depreciation and amortization shown separately below     71       19       -       90       7       -       -       7  
Depreciation and amortization     749       3       46       798       1,616       -       114       1,730  

General and administrative

     2,865       222       4,131       7,218       1,963       -       7,117       9,080  
                                                                 
Total costs and expenses     3,685       244       4,177       8,106       3,586       -       7,231       10,817  
Operating loss   $ (3,538 )   $ (219 )   $ (4,177 )   $ (7,934 )   $ (3,552 )   $ -     $ (7,231 )   $ (10,783 )