General form of registration statement for all companies including face-amount certificate companies

Summary of Significant Accounting Policies (Tables)

v3.21.2
Summary of Significant Accounting Policies (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2021
Dec. 31, 2020
Accounting Policies [Abstract]    
Schedule of revenue is disaggregated by major product
                       
For the Three Months
Ended June 30, 2021
    United States   International   Total
Infrastructure & Disaster Recovery/Cloud Service   $ 1,685,951     $ 39,212     $ 1,725,163  
Equipment and Software     760,451       —       760,451  
Managed Services     809,487       —       809,487  
Nexxis VoIP Services     183,118       —       183,118  
Other     50,030       —       50,030  
Total Revenue   $ 3,489,037     $ 39,212     $ 3,528,249  

 

For the Three Months
Ended June 30, 2020
    United States   International   Total
Infrastructure & Disaster Recovery/Cloud Service   $ 1,340,437     $ 42,433     $ 1,382,870  
Equipment and Software     247,187       —       247,187  
Managed Services     219,392       —       219,392  
Nexxis VoIP Services     153,887       —       153,887  
Other     2,289       —       2,289  
Total Revenue   $ 1,963,192     $ 42,433     $ 2,005,625  

 

For the Three Months
Ended June 30,
Timing of revenue recognition   2021   2020
Products transferred at a point in time   $ 937,178     $ 247,187  
Products and services transferred over time     2,591,071       1,758,438  
Total Revenue   $ 3,528,249     $ 2,005,625  

 

For the Six Months
Ended June 30, 2021
    United States   International   Total
Infrastructure & Disaster Recovery/Cloud Service   $ 3,307,949     $ 69,787     $ 3,385,511  
Equipment and Software     1,225,334       —       1,225,334  
Managed Services     1,036,254       —       1,036,254  
Nexxis VoIP Services     378,444       —       378,444  
Other     77,265       —       77,265  
Total Revenue   $ 6,025,246     $ 69,787     $ 6,102,940  

 

For the Six Months
Ended June 30, 2020
    United States   International   Total
Infrastructure & Disaster Recovery/Cloud Service   $ 2,689,558     $ 87,032     $ 2,776,590  
Equipment and Software     575,928       —       575,928  
Managed Services     439,867       —       439,867  
Nexxis VoIP Services     307,084       —       307,084  
Other     4,866       —       4,866  
Total Revenue   $ 4,017,303     $ 87,032     $ 4,104,335  

 

For the Six Months
Ended June 30,
Timing of revenue recognition   2021   2020
Products transferred at a point in time   $ 1,511,751     $ 575,928  
Products and services transferred over time     4,591,189       3,528,407  
Total Revenue   $ 6,102,940     $ 4,104,335  
                       
For the Year
Ended December 31, 2020
    United States   International   Total
Infrastructure & Disaster Recovery/Cloud Service   $ 5,691,133     $ 115,237     $ 5,806,370  
Equipment and Software     2,074,911       —       2,074,911  
Managed Services     380,701       —       380,701  
Professional Fees     362,375       —       362,375  
Nexxis VoIP Services     696,576       —       696,576  
Total Revenue   $ 9,205,696     $ 115,237     $ 9,320,933  

 

For the Year
Ended December 31, 2019
    United States   International   Total
Infrastructure & Disaster Recovery/Cloud Service   $ 5,223,868     $ 213,816     $ 5,437,684  
Equipment and Software     1,784,658       —       1,784,658  
Managed Services     365,767       —       365,767  
Professional Fees     411,475       —       411,475  
Nexxis VoIP Services     484,024       —       484,024  
Total Revenue   $ 8,269,792     $ 213,816     $ 8,483,608  

 

For the Year
Ended December 31,
Timing of revenue recognition   2020   2019
Products transferred at a point in time   $ 2,817,987     $ 2,196,133  
Products and services transferred over time     6,502,946       6,287,475  
Total Revenue   $ 9,320,933     $ 8,483,608  
Schedule of Earning per share basic and dilute
                               
    For the Three Months Ended June 30,   For the Six Months Ended
June 30,
    2021   2020   2021   2020
                 
Net Income (Loss) Available to Common Shareholders   $ 114,313     $ 155,705     $ 77,529     $ 87,109  
                                 
Weighted average number of common shares – basic     3,981,402       3,213,485       3,607,909       3,212,822  
Dilutive securities Options     134,254       140,770       —       140,770  
 Warrants     3,333       3,333       3,333       3,333  
Weighted average number of common shares – diluted     4,118,989       3,357,589       3,611,242       3,356,926  
                                 
Earnings (Loss) per share, basic   $ 0.03     $ 0.05     $ 0.02     $ 0.03  
Earnings (Loss) per share, diluted   $ 0.03     $ 0.05     $ 0.02     $ 0.03  
               
    December 31,
    2020   2019
Net Income (Loss) Available to Common Shareholders   $ 55,339     $ (54,452 )
                 
Weighted average number of common shares - basic     3,213,157       3,203,917  
Dilutive securities                
Options     149,520       —  
Warrants     3,333       —  
Weighted average number of common shares - diluted     3,366,010       3,203,917  
                 
Earnings (Loss) per share, basic   $ 0.02     $ 0.02  
Earnings (Loss) per share, diluted   $ 0.02     $ 0.02  
Schedule of anti-dilutive income (loss) per share
                               
    Three Months ended June 30,   Six Months ended June 30,
    2021   2020   2021   2020
Options     66,901       69,875       201,155       69,875  
Warrants     1,840,000       —       1,840,000       —  
      1,906,901       69,875       2,041,155       69,875  
               
    December 31,
    2020   2019
Options     58,129       210,646  
Warrants     3,333       3,333  
      61,462       213,979