Annual report [Section 13 and 15(d), not S-K Item 405]

SEGMENT REPORTING

v3.25.1
SEGMENT REPORTING
 12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
SEGMENT REPORTING

17. 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 year ending December 31, 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:

 

                                                 
    Year ended December 31, 2024     Year ended December 31, 2023  
    Reportable Segments                 Reportable Segments              
    MARKET.live     Go Fund Yourself     Corporate     Consolidated     MARKET.live     Go Fund Yourself     Corporate     Consolidated  
                                                 
Revenues   $ 637     $ 258     $ -     $ 895     $ 63     $ -     $ -     $ 63  
                                                                 
Costs and expenses:                                                                
Cost of revenue, exclusive of depreciation and amortization shown separately below     164       60       -       224       19       -       -       19  
Depreciation and amortization     999       14       64       1,077       2,211       -       120       2,331  
General and administrative     3,686       553       6,999       11,238       2,603       -       8,905       11,508  
                                                                 
Total costs and expenses     4,849       627       7,063       12,539       4,832       -       9,026       13,858  
Operating loss   $ (4,212 )   $ (369 )   $ (7,063 )   $ (11,644 )   $ (4,769 )   $ -     $ (9,026 )   $ (13,795 )

 

Total assets by reportable segment as of December 31, 2024 is as follows:

 

    Corporate     Go Fund Yourself     MARKET.Live     Consolidated  
                         
ASSETS                                
                                 
Current assets:                                
Cash    $ 7,575     $ -      $ 42      $ 7,617  
Restricted cash     878       -       -       878  
Accounts receivable     -       233       117       350  
ERC Receivable - short-term     2,458       -       -       2,458  
Short-term investments - trading     4,913       -       -       4,913  
Prepaid expenses and other current assets     172       46       34       252  
Total current assets     15,996       279       193       16,468  
                                 
Capitalized software development costs     -       -       2,992       2,992  
Property and equipment, net     74       250       7       331  
Operating lease right-of-use assets     -       186       154       340  
Intangible assets, net     168       10       -       178  
Other non-current assets     250       67       9       326  
                                 
Total assets   $ 16,488     $ 792     $ 3,355     $ 20,635