Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Details 1)

v3.24.2.u1
Segment Information (Details 1) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Dec. 31, 2023
Segment Reporting Information [Line Items]          
Accounts receivable $ 1,904,759   $ 1,904,759   $ 1,259,972
Prepaid expenses and other current assets 759,979   759,979   513,175
Net property and equipment 3,138,342   3,138,342   2,732,774
Intangible assets, net 1,560,577   1,560,577   1,698,084
Goodwill 4,238,671   4,238,671   4,238,671
Operating lease right-of-use assets 632,733   632,733   62,981
All other assets 12,103,835   12,103,835   12,795,362
Total assets 24,338,896   24,338,896   23,301,019
Accounts payable and accrued expenses 2,924,572   2,924,572   2,608,938
Deferred revenue 208,944   208,944   336,201
Finance leases payable 147,769   147,769   281,241
Finance leases payable related party 113,467   113,467   256,241
Operating lease liabilities 640,165   640,165   63,983
Total liabilities 4,034,917   4,034,917   3,546,604
Sales 4,910,492 $ 5,904,391 13,146,239 $ 12,784,114  
Cost of sales 2,502,599 3,325,637 7,771,874 8,115,615  
Gross profit 2,407,893 2,578,754 5,374,365 4,668,499  
Selling, general and administrative 2,457,368 2,171,060 4,903,849 4,013,109  
Depreciation and amortization 339,311 300,950 645,508 589,660  
Total operating expenses 2,796,679 2,472,010 5,549,357 4,602,769  
Income (loss) from operations (388,786) 106,744 (174,992) 65,730  
Interest income       0  
Interest expense 152,441 99,294 295,810 175,371  
Other expense (10,260) 0 (21,520)    
Total Other Income (Expense) 142,181 99,294 0 175,371  
Income (loss) before provision for income taxes (246,605) 206,038 99,298 241,101  
Cloud First Technologies [Member]          
Segment Reporting Information [Line Items]          
Accounts receivable 1,854,471   1,854,471   1,229,820
Prepaid expenses and other current assets 614,989   614,989   419,254
Net property and equipment 3,133,601   3,133,601   2,727,225
Intangible assets, net 1,560,577   1,560,577   1,698,084
Goodwill 4,238,671   4,238,671   4,238,671
Operating lease right-of-use assets 632,733   632,733   62,981
All other assets 0   0   0
Total assets 12,035,042   12,035,042   10,376,035
Accounts payable and accrued expenses 2,411,858   2,411,858   2,020,963
Deferred revenue 208,944   208,944   336,201
Finance leases payable 147,769   147,769   281,241
Finance leases payable related party 113,467   113,467   256,241
Operating lease liabilities 640,165   640,165   63,983
Total liabilities 3,522,203   3,522,203   2,958,629
Sales 4,617,445 5,639,310 12,572,403 12,254,237  
Cost of sales 2,345,385 3,168,984 7,448,020 7,780,841  
Gross profit 2,272,060 2,470,326 5,124,383 4,473,396  
Selling, general and administrative 1,400,718 1,388,712 3,021,616 2,535,491  
Depreciation and amortization 338,908 300,575 644,701 589,100  
Total operating expenses 1,739,626 1,689,287 3,666,317 3,124,591  
Income (loss) from operations 532,434 781,039 1,458,066 1,348,805  
Interest income       0  
Interest expense 0 (16,570) 0 (43,916)  
Other expense (10,260) 0 (21,520)    
Total Other Income (Expense) (10,260) (16,570) 0 43,916  
Income (loss) before provision for income taxes 522,174 764,469 1,436,546 1,304,889  
Nexxis Inc [Member]          
Segment Reporting Information [Line Items]          
Accounts receivable 50,288   50,288   30,152
Prepaid expenses and other current assets 25,037   25,037   18,157
Net property and equipment 2,484   2,484   2,905
Intangible assets, net 0   0   0
Goodwill 0   0   0
Operating lease right-of-use assets 0   0   0
All other assets 0   0   0
Total assets 77,809   77,809   51,214
Accounts payable and accrued expenses 68,905   68,905   65,161
Deferred revenue 0   0   0
Finance leases payable 0   0   0
Finance leases payable related party 0   0   0
Operating lease liabilities 0   0   0
Total liabilities 68,905   68,905   65,161
Sales 293,047 265,081 573,836 529,877  
Cost of sales 157,214 156,653 323,854 334,774  
Gross profit 135,833 108,428 249,982 195,103  
Selling, general and administrative 160,044 169,328 336,923 294,078  
Depreciation and amortization 211 208 422 279  
Total operating expenses 160,255 169,536 337,345 294,357  
Income (loss) from operations (24,422) (61,108) (87,363) (99,254)  
Interest income       0  
Interest expense 0 0 0 0  
Other expense 0 0 0    
Total Other Income (Expense) 0 0 0 0  
Income (loss) before provision for income taxes (24,422) (61,108) (87,363) (99,254)  
Corporate Segment [Member]          
Segment Reporting Information [Line Items]          
Accounts receivable 0   0   0
Prepaid expenses and other current assets 119,953   119,953   75,764
Net property and equipment 2,257   2,257   2,644
Intangible assets, net 0   0   0
Goodwill 0   0   0
Operating lease right-of-use assets 0   0   0
All other assets 12,103,835   12,103,835   12,795,362
Total assets 12,226,045   12,226,045   12,873,770
Accounts payable and accrued expenses 443,809   443,809   522,814
Deferred revenue 0   0   0
Finance leases payable 0   0   0
Finance leases payable related party 0   0   0
Operating lease liabilities 0   0   0
Total liabilities 443,809   443,809   $ 522,814
Sales 0 0 0 0  
Cost of sales 0 0 0 0  
Gross profit 0 0 0 0  
Selling, general and administrative 896,606 613,020 1,545,310 1,183,540  
Depreciation and amortization 192 167 385 281  
Total operating expenses 896,798 613,187 1,545,695 1,183,821  
Income (loss) from operations (896,798) (613,187) (1,545,695) (1,183,821)  
Interest income       0  
Interest expense 152,441 115,864 295,810 219,287  
Other expense 0 0 0    
Total Other Income (Expense) 152,441 115,864 0 219,287  
Income (loss) before provision for income taxes $ (744,357) $ (497,323) $ (1,249,885) $ (964,534)