| Summary of Segment Expense Activity |
A summary of segment expense activity is as follows:
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For Three Months Ended June 30, |
For Six Months Ended June 30, |
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2025 |
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2024 |
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2025 |
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2024 |
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Revenue: |
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Total Core Revenue |
$ |
4,694,275 |
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$ |
5,980,542 |
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$ |
9,710,508 |
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$ |
11,378,183 |
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Total Digital Revenue |
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2,833,416 |
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2,541,960 |
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5,602,116 |
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5,145,385 |
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Consolidated Revenue |
$ |
7,527,691 |
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$ |
8,522,502 |
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$ |
15,312,624 |
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$ |
16,523,568 |
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Cost and expenses |
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Cost of ancillary products and assembled components |
$ |
188,011 |
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$ |
598,696 |
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$ |
376,013 |
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$ |
1,005,076 |
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Selling, general and administrative |
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2,314,242 |
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2,733,637 |
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4,676,618 |
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5,135,770 |
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Compensation and related expenses |
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2,108,117 |
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1,895,485 |
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4,354,180 |
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3,906,307 |
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Research and development |
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34,273 |
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54,090 |
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101,391 |
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97,849 |
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Depreciation and amortization |
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785,915 |
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701,997 |
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1,565,732 |
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1,388,190 |
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Stock-based compensation |
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153,142 |
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194,613 |
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319,403 |
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335,855 |
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Total costs and expenses |
$ |
5,583,700 |
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$ |
6,178,518 |
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$ |
11,393,337 |
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$ |
11,869,047 |
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Net (loss) income |
$ |
950,357 |
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$ |
242,697 |
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$ |
(1,070,925 |
) |
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$ |
451,605 |
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