Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Details 1)

v3.24.1.1.u2
Segment Information (Details 1) - USD ($)
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
Segment Reporting Information [Line Items]      
Accounts receivable $ 4,437,666   $ 1,259,972
Prepaid expenses and other current assets 666,957   513,175
Net property and equipment 2,865,359   2,732,774
Intangible assets, net 1,628,937   1,698,084
Goodwill 4,238,671   4,238,671
Operating lease right-of-use assets 36,160   62,981
All other assets 11,950,743   12,795,362
Total assets 25,824,493   23,301,019
Accounts payable and accrued expenses 4,835,868   2,608,938
Deferred revenue 310,123   336,201
Finance leases payable 214,961   281,241
Finance leases payable related party 155,164   256,241
Operating lease liabilities 36,733   63,983
Total liabilities 5,552,849   3,546,604
Sales 8,235,747 $ 6,879,723  
Cost of sales 5,269,275 4,789,978  
Gross profit 2,966,472 2,089,745  
Selling, general and administrative 2,457,479 1,842,049  
Depreciation and amortization 295,198 288,710  
Total operating expenses 2,752,677 2,130,759  
Income (loss) from operations 213,795 (41,014)  
Interest income 143,369 103,423  
Interest expense (11,260) (27,346)  
Total Other Income (Expense) 132,109 76,077  
Income (loss) before provision for income taxes 345,904 35,063  
Cloud First Technologies [Member]      
Segment Reporting Information [Line Items]      
Accounts receivable 4,388,536   1,229,820
Prepaid expenses and other current assets 459,130   419,254
Net property and equipment 2,860,215   2,727,225
Intangible assets, net 1,628,937   1,698,084
Goodwill 4,238,671   4,238,671
Operating lease right-of-use assets 36,160   62,981
All other assets 0   0
Total assets 13,611,649   10,376,035
Accounts payable and accrued expenses 4,483,430   2,020,963
Deferred revenue 310,123   336,201
Finance leases payable 214,961   281,241
Finance leases payable related party 155,164   256,241
Operating lease liabilities 36,733   63,983
Total liabilities 5,200,411   2,958,629
Sales 7,954,958 6,614,927  
Cost of sales 5,102,635 4,611,857  
Gross profit 2,852,323 2,003,070  
Selling, general and administrative 1,631,897 1,146,779  
Depreciation and amortization 294,794 288,525  
Total operating expenses 1,926,691 1,435,304  
Income (loss) from operations 925,632 567,766  
Interest income 0    
Interest expense (11,260) (27,346)  
Total Other Income (Expense) (11,260) (27,346)  
Income (loss) before provision for income taxes 914,372 540,420  
Nexxis Inc [Member]      
Segment Reporting Information [Line Items]      
Accounts receivable 49,130   30,152
Prepaid expenses and other current assets 29,498   18,157
Net property and equipment 2,694   2,905
Intangible assets, net 0   0
Goodwill 0   0
Operating lease right-of-use assets 0   0
All other assets 0   0
Total assets 81,322   51,214
Accounts payable and accrued expenses 75,203   65,161
Deferred revenue 0   0
Finance leases payable 0   0
Finance leases payable related party 0   0
Operating lease liabilities 0   0
Total liabilities 75,203   65,161
Sales 280,789 264,796  
Cost of sales 166,640 178,121  
Gross profit 114,149 86,675  
Selling, general and administrative 176,879 124,750  
Depreciation and amortization 211 71  
Total operating expenses 177,090 124,821  
Income (loss) from operations (62,941) (38,146)  
Interest income 0 0  
Interest expense 0 0  
Total Other Income (Expense) 0 0  
Income (loss) before provision for income taxes (62,941) (38,146)  
Corporate Segment [Member]      
Segment Reporting Information [Line Items]      
Accounts receivable 0   0
Prepaid expenses and other current assets 178,329   75,764
Net property and equipment 2,450   2,644
Intangible assets, net 0   0
Goodwill 0   0
Operating lease right-of-use assets 0   0
All other assets 11,950,743   12,795,362
Total assets 12,131,522   12,873,770
Accounts payable and accrued expenses 277,235   522,814
Deferred revenue 0   0
Finance leases payable 0   0
Finance leases payable related party 0   0
Operating lease liabilities 0   0
Total liabilities 277,235   $ 522,814
Sales 0 0  
Cost of sales 0 0  
Gross profit 0 0  
Selling, general and administrative 648,703 570,520  
Depreciation and amortization 193 114  
Total operating expenses 648,896 570,634  
Income (loss) from operations (648,896) (570,634)  
Interest income 143,369 103,423  
Interest expense 0 0  
Total Other Income (Expense) 143,369 103,423  
Income (loss) before provision for income taxes $ (505,527) $ (467,211)