| Schedule of changes in equity investments measured at fair value |
| Schedule of changes
in equity investments measured at fair value |
|
|
|
|
| |
|
For the years ended December 31, 2023, and 2022 |
| |
|
|
| As of January 1, 2022 |
|
$ |
— |
|
| Purchase of equity investments |
|
|
9,010,968 |
|
| Unrealized gains |
|
|
— |
|
| As of December 31, 2022 |
|
|
9,010,968 |
|
| Purchase of equity investments |
|
|
2,307,228 |
|
| Unrealized gains |
|
|
— |
|
| As of December 31, 2023 |
|
$ |
11,318,196 |
|
|
| Schedule of revenue is disaggregated by major product |
| Schedule of revenue is disaggregated by major product |
|
|
|
|
|
|
|
|
|
|
|
|
| For the Year |
| Ended December 31, 2023 |
| |
|
United States |
|
International |
|
Total |
| Infrastructure & Disaster Recovery/Cloud Service |
|
$ |
9,487,329 |
|
|
$ |
208,504 |
|
|
$ |
9,695,833 |
|
| Equipment and Software |
|
|
6,056,723 |
|
|
|
— |
|
|
|
6,056,723 |
|
| Managed Services |
|
|
7,903,736 |
|
|
|
136,648 |
|
|
|
8,040,384 |
|
| Nexxis VoIP Services |
|
|
1,012,193 |
|
|
|
— |
|
|
|
1,012,193 |
|
| Other |
|
|
150,950 |
|
|
|
3,493 |
|
|
|
154,443 |
|
| Total Revenue |
|
$ |
24,610,931 |
|
|
$ |
348,645 |
|
|
$ |
24,959,576 |
|
| For the Year |
| Ended December 31, 2022 |
| |
|
United States |
|
International |
|
Total |
| Cloud Infrastructure & Disaster Recovery |
|
$ |
8,116,523 |
|
|
$ |
183,855 |
|
|
$ |
8,300,378 |
|
| Equipment and Software |
|
|
6,194,634 |
|
|
|
— |
|
|
|
6,194,634 |
|
| Managed Services |
|
|
8,323,329 |
|
|
|
122,126 |
|
|
|
8,445,455 |
|
| Nexxis Services |
|
|
799,675 |
|
|
|
— |
|
|
|
799,675 |
|
| Other |
|
|
130,695 |
|
|
|
— |
|
|
|
130,695 |
|
| Total Revenue |
|
$ |
23,564,856 |
|
|
$ |
305,981 |
|
|
$ |
23,870,837 |
|
| For the Year |
| Ended December 31, |
| Timing of revenue recognition |
|
2023 |
|
2022 |
| Products transferred at a point in time |
|
$ |
6,211,166 |
|
|
$ |
6,325,328 |
|
| Products and services transferred over time |
|
|
18,748,410 |
|
|
|
17,545,509 |
|
| Total Revenue |
|
$ |
24,959,576 |
|
|
$ |
23,870,837 |
|
|
| Schedule of earning per share basic and diluted |
| Schedule of earning per share basic and diluted |
|
|
|
|
|
|
|
|
| |
|
Year Ended December 31, |
| |
|
2023 |
|
2022 |
| |
|
|
|
|
| Net Income (Loss) Available to Common Shareholders |
|
$ |
381,575 |
|
|
$ |
(4,356,802 |
) |
| |
|
|
|
|
|
|
|
|
| Weighted average number of common shares - basic |
|
|
6,841,094 |
|
|
|
6,775,140 |
|
| Dilutive securities |
|
|
|
|
|
|
|
|
| Options |
|
|
373,975 |
|
|
|
— |
|
| Warrants |
|
|
— |
|
|
|
— |
|
| Weighted average number of common shares - diluted |
|
|
7,215,069 |
|
|
|
6,775,140 |
|
| |
|
|
|
|
|
|
|
|
| Earnings (Loss) per share, basic |
|
$ |
0.06 |
|
|
$ |
(0.64 |
) |
| Earnings (Loss) per share, diluted |
|
$ |
0.05 |
|
|
$ |
(0.64 |
) |
|