Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.2.2
Summary of Significant Accounting Policies (Tables)
 6 Months Ended
Jun. 30, 2022
Accounting Policies [Abstract]  
Schedule of revenue is disaggregated by major product
                       
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     968,490       —       968,490  
Managed Services     1,586,384       40,731       1,627,115  
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, 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,
Timing of revenue recognition   2022   2021
Products transferred at a point in time   $ 1,093,916     $ 937,178  
Products and services transferred over time     3,733,833       2,591,071  
Total Revenue   $ 4,827,749     $ 3,528,249  

 

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     6,287,949       —       6,287,949  
Managed Services     2,735,887       74,038       2,809,925  
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, 2021
    United States   International   Total
Infrastructure & Disaster Recovery/Cloud Service   $ 3,315,724     $ 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     77,397       —       77,397  
Total Revenue   $ 6,033,153     $ 69,787     $ 6,102,940  

  

For the Six Months
Ended June 30,
Timing of revenue recognition   2022   2021
Products transferred at a point in time   $ 6,383,582     $ 1,511,751  
Products and services transferred over time     7,101,366       4,591,189  
Total Revenue   $ 13,484,948     $ 6,102,940  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
                                 
    For the Three Months Ended   For the Six Months Ended
    June 30,   June 30,
    2022   2021   2022   2021
    (as restated)        (as restated)     
Net Income (Loss) Available to Common Shareholders   $ (1,139,099 )   $ 114,313     $ (983,089 )   $ 77,529  
                                 
Weighted average number of common shares - basic     6,758,238       3,981,402       6,727,108       3,607,909  
Dilutive securities                                
Options     —       134,254       —       —  
Warrants     —       3,333       —       3,333  
Weighted average number of common shares - diluted     6,758,238       4,118,989       6,727,108       3,611,242  
Earnings (Loss) per share, basic   $ (0.17 )   $ 0.03     $ (0.15 )   $ 0.02  
Earnings (Loss) per share, diluted   $ (0.17 )   $ 0.03     $ (0.15 )   $ 0.02  
Schedule of anti-dilutive income (loss) per share
                               
    Three Months ended June 30,   Six Months ended June 30,
    2022   2021   2022   2021
Options     306,243       66,901       306,243       201,155  
Warrants     2,419,193       1,840,000       2,419,193       1,840,000  
      2,725,436       1,906,901       2,725,436       2,041,155