| Schedule of revenue is disaggregated by major product |
| Schedule of revenue is disaggregated by major product
|
|
|
|
|
|
|
|
|
|
|
|
|
| For the Three Months |
| Ended June 30, 2023 |
| |
|
United States |
|
International |
|
Total |
| Infrastructure & Disaster Recovery/Cloud Service |
|
$ |
2,227,838 |
|
|
$ |
51,584 |
|
|
$ |
2,279,422 |
|
| Equipment and Software |
|
|
2,379,822 |
|
|
|
— |
|
|
|
2,379,822 |
|
| Managed Services |
|
|
930,579 |
|
|
|
34,927 |
|
|
|
965,506 |
|
| Nexxis VoIP Services |
|
|
240,712 |
|
|
|
— |
|
|
|
240,712 |
|
| Other |
|
|
38,929 |
|
|
|
— |
|
|
|
38,929 |
|
| Total Revenue |
|
$ |
5,817,880 |
|
|
$ |
86,511 |
|
|
$ |
5,904,391 |
|
| For the Three Months |
| Ended June 30, 2022 |
| |
|
United States |
|
International |
|
Total |
| Infrastructure & Disaster Recovery/Cloud Service |
|
$ |
1,974,980 |
|
|
$ |
38,826 |
|
|
$ |
2,013,806 |
|
| Equipment and Software |
|
|
1,913,208 |
|
|
|
— |
|
|
|
1,913,208 |
|
| Managed Services |
|
|
641,666 |
|
|
|
40,731 |
|
|
|
682,397 |
|
| Nexxis VoIP Services |
|
|
188,926 |
|
|
|
— |
|
|
|
188,926 |
|
| Other |
|
|
29,412 |
|
|
|
— |
|
|
|
29,412 |
|
| Total Revenue |
|
$ |
4,748,192 |
|
|
$ |
79,557 |
|
|
$ |
4,827,749 |
|
| For the Three Months |
| Ended June 30, |
| Timing of revenue recognition |
|
2023 |
|
2022 |
| Products transferred at a point in time |
|
$ |
2,418,750 |
|
|
$ |
1,093,916 |
|
| Products and services transferred over time |
|
|
3,485,641 |
|
|
|
3,733,833 |
|
| Total Revenue |
|
$ |
5,904,391 |
|
|
$ |
4,827,749 |
|
| For the Six Months |
| Ended June 30, 2023 |
| |
|
United States |
|
International |
|
Total |
| Infrastructure & Disaster Recovery/Cloud Service |
|
$ |
4,365,155 |
|
|
$ |
103,908 |
|
|
$ |
4,469,063 |
|
| Equipment and Software |
|
|
5,902,381 |
|
|
|
— |
|
|
|
5,902,381 |
|
| Managed Services |
|
|
1,789,239 |
|
|
|
70,034 |
|
|
|
1,859,273 |
|
| Nexxis VoIP Services |
|
|
472,484 |
|
|
|
— |
|
|
|
472,484 |
|
| Other |
|
|
80,913 |
|
|
|
— |
|
|
|
80,913 |
|
| Total Revenue |
|
$ |
12,610,172 |
|
|
$ |
173,942 |
|
|
$ |
12,784,114 |
|
| For the Six Months |
| Ended June 30, 2022 |
| |
|
United States |
|
International |
|
Total |
| Infrastructure & Disaster Recovery/Cloud Service |
|
$ |
3,863,367 |
|
|
$ |
76,289 |
|
|
$ |
3,939,656 |
|
| Equipment and Software |
|
|
7,633,059 |
|
|
|
— |
|
|
|
7,633,059 |
|
| Managed Services |
|
|
1,390,777 |
|
|
|
74,038 |
|
|
|
1,464,815 |
|
| Nexxis VoIP Services |
|
|
383,860 |
|
|
|
— |
|
|
|
383,860 |
|
| Other |
|
|
63,558 |
|
|
|
— |
|
|
|
63,558 |
|
| Total Revenue |
|
$ |
13,334,621 |
|
|
$ |
150,327 |
|
|
$ |
13,484,948 |
|
| For the Six Months |
| Ended June 30, |
| Timing of revenue recognition |
|
2023 |
|
2022 |
| Products transferred at a point in time |
|
$ |
5,983,294 |
|
|
$ |
6,383,582 |
|
| Products and services transferred over time |
|
|
6,800,820 |
|
|
|
7,101,366 |
|
| Total Revenue |
|
$ |
12,784,114 |
|
|
$ |
13,484,948 |
|
|
| Schedule of Earning per share basic and diluted |
| Schedule of Earning per share basic and diluted
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the Three Months Ended |
|
For the Six Months Ended |
| |
|
June 30, |
|
June 30, |
| |
|
2023 |
|
2022 |
|
2023 |
|
2022 |
| Net Income (Loss) Available to Common Shareholders |
|
$ |
226,823 |
|
|
$ |
(1,139,099 |
) |
|
$ |
277,489 |
|
|
$ |
(983,089 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted average number of common shares - basic |
|
|
6,834,627 |
|
|
|
6,758,238 |
|
|
|
6,828,446 |
|
|
|
6,727,108 |
|
| Dilutive securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Options |
|
|
185,981 |
|
|
|
— |
|
|
|
185,981 |
|
|
|
— |
|
| Warrants |
|
|
1,667 |
|
|
|
— |
|
|
|
1,667 |
|
|
|
— |
|
| Weighted average number of common shares - diluted |
|
|
7,022,275 |
|
|
|
6,758,238 |
|
|
|
7,016,094 |
|
|
|
6,727,108 |
|
| Earnings (Loss) per share, basic |
|
$ |
0.03 |
|
|
$ |
(0.17 |
) |
|
$ |
0.04 |
|
|
$ |
(0.15 |
) |
| Earnings (Loss) per share, diluted |
|
$ |
0.03 |
|
|
$ |
(0.17 |
) |
|
$ |
0.04 |
|
|
$ |
(0.15 |
) |
|