| Schedule of changes in equity investments measured at fair value |
| Schedule of changes
in equity investments measured at fair value |
|
|
| |
|
For the year ended December 31, 2023 |
| |
|
Total |
| As of January 1, 2023 |
|
$ |
9,010,968 |
|
| Purchase of equity investments |
|
|
2,307,228 |
|
| Unrealized gains |
|
|
— |
|
| As of December 31, 2023 |
|
$ |
11,318,196 |
|
| |
|
For the three months ended March 31, 2024 |
| |
|
Total |
| As of December 31, 2023 |
|
$ |
11,318,196 |
|
| Purchase of equity investments |
|
|
143,369 |
|
| Unrealized gains |
|
|
— |
|
| Sale of equity investments |
|
|
(200,000 |
) |
| As of March 31, 2024 |
|
$ |
11,261,565 |
|
|
| Schedule of revenue is disaggregated by major product |
| Schedule of revenue is disaggregated by major product |
|
|
|
|
|
|
|
|
|
|
|
|
| For the Three Months |
| Ended March 31, 2024 |
| |
|
United States |
|
International |
|
Total |
| Infrastructure & Disaster Recovery/Cloud Service |
|
$ |
2,853,249 |
|
|
$ |
99,646 |
|
|
$ |
2,952,895 |
|
| Equipment and Software |
|
|
4,084,647 |
|
|
|
— |
|
|
|
4,084,647 |
|
| Managed Services |
|
|
843,407 |
|
|
|
— |
|
|
|
843,407 |
|
| Nexxis VoIP Services |
|
|
276,467 |
|
|
|
— |
|
|
|
276,467 |
|
| Other |
|
|
67,893 |
|
|
|
10,438 |
|
|
|
78,331 |
|
| Total Revenue |
|
$ |
8,125,663 |
|
|
$ |
110,084 |
|
|
$ |
8,235,747 |
|
| For the Three Months |
| Ended March 31, 2023 |
| |
|
United States |
|
International |
|
Total |
| Infrastructure & Disaster Recovery/Cloud Service |
|
$ |
2,137,317 |
|
|
$ |
52,324 |
|
|
$ |
2,189,641 |
|
| Equipment and Software |
|
|
3,504,796 |
|
|
|
— |
|
|
|
3,504,796 |
|
| Managed Services |
|
|
876,423 |
|
|
|
35,107 |
|
|
|
911,530 |
|
| Nexxis VoIP Services |
|
|
231,772 |
|
|
|
— |
|
|
|
231,772 |
|
| Other |
|
|
41,984 |
|
|
|
— |
|
|
|
41,984 |
|
| Total Revenue |
|
$ |
6,792,292 |
|
|
$ |
87,431 |
|
|
$ |
6,879,723 |
|
| For the Three Months |
| Ended March 31, |
| Timing of revenue recognition |
|
2024 |
|
2023 |
| Products transferred at a point in time |
|
$ |
1,045,977 |
|
|
$ |
3,564,543 |
|
| Products and services transferred over time |
|
|
7,189,770 |
|
|
|
3,315,180 |
|
| Total Revenue |
|
$ |
8,235,747 |
|
|
$ |
6,879,723 |
|
|
| Schedule of earning per share basic and diluted |
| Schedule of earning per share basic and diluted |
|
|
|
|
|
|
|
|
| |
|
Three Months ended March 31, |
| |
|
2024 |
|
2023 |
| |
|
|
|
|
| Net Income Available to Common Shareholders |
|
$ |
357,102 |
|
|
$ |
50,666 |
|
| |
|
|
|
|
|
|
|
|
| Weighted average number of common shares - basic |
|
|
7,090,389 |
|
|
|
6,822,127 |
|
| Dilutive securities |
|
|
|
|
|
|
|
|
| Options |
|
|
169,083 |
|
|
|
130,526 |
|
| Warrants |
|
|
— |
|
|
|
1,667 |
|
| Weighted average number of common shares - diluted |
|
|
7,259,472 |
|
|
|
6,954,320 |
|
| |
|
|
|
|
|
|
|
|
| Earnings per share, basic |
|
$ |
0.05 |
|
|
$ |
0.01 |
|
| Earnings per share, diluted |
|
$ |
0.05 |
|
|
$ |
0.01 |
|
|
| Schedule of anti-dilutive shares |
| Schedule of anti-dilutive shares |
|
|
|
|
| |
|
Three Months ended March 31, |
| |
|
2024 |
|
2023 |
| |
Options |
|
|
|
560,071 |
|
|
|
385,257 |
|
| |
Warrants |
|
|
|
2,415,860 |
|
|
|
2,415,860 |
|
| |
|
|
|
|
2,975,931 |
|
|
|
2,801,117 |
|
|