Quarterly report pursuant to Section 13 or 15(d)

Segment Information (Details 1)

v3.24.3
Segment Information (Details 1) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Dec. 31, 2023
Segment Reporting Information [Line Items]          
Accounts receivable $ 1,973,153   $ 1,973,153   $ 1,259,972
Prepaid expenses and other current assets 760,564   760,564   513,175
Net property and equipment 3,059,703   3,059,703   2,732,774
Intangible assets, net 1,493,792   1,493,792   1,698,084
Goodwill 4,238,671   4,238,671   4,238,671
Operating lease right-of-use assets 599,625   599,625   62,981
All other assets 12,093,086   12,093,086   12,795,362
Total assets 24,218,594   24,218,594   23,301,019
Accounts payable and accrued expenses 2,629,414   2,629,414   2,608,938
Deferred revenue 160,237   160,237   336,201
Finance leases payable 79,652   79,652   281,241
Finance leases payable related party 74,077   74,077   256,241
Operating lease liabilities 644,442   644,442   63,983
Total liabilities 3,587,822   3,587,822   3,546,604
Sales 5,808,835 $ 5,986,625 18,955,074 $ 18,770,739  
Cost of sales 3,297,164 3,656,271 11,069,038 11,771,886  
Gross profit 2,511,671 2,330,354 7,886,036 6,998,853  
Selling, general and administrative 2,180,237 1,977,693 7,095,084 5,990,802  
Depreciation and amortization 357,264 338,520 991,773 928,180  
Total operating expenses 2,537,501 2,316,213 8,086,857 6,918,982  
Income (loss) from operations (25,830) 14,141 (200,821) 79,871  
Interest income 160,770 156,666 456,580 375,953  
Interest expense (9,815)        
Loss on disposal of equipment (1,599)   (1,599)    
Total Other Income (Expense) 149,356        
Income (loss) before provision for income taxes 123,526 157,738 222,825 398,839  
Interest expense   (13,069) (31,335) (56,985)  
Total Other Income (Expense)   143,597 423,646 318,968  
Cloud First Technologies [Member]          
Segment Reporting Information [Line Items]          
Accounts receivable 1,931,076   1,931,076   1,229,820
Prepaid expenses and other current assets 633,231   633,231   419,254
Net property and equipment 3,053,222   3,053,222   2,727,225
Intangible assets, net 1,493,792   1,493,792   1,698,084
Goodwill 4,238,671   4,238,671   4,238,671
Operating lease right-of-use assets 599,625   599,625   62,981
All other assets 0   0   0
Total assets 11,949,617   11,949,617   10,376,035
Accounts payable and accrued expenses 2,051,086   2,051,086   2,020,963
Deferred revenue 160,237   160,237   336,201
Finance leases payable 79,652   79,652   281,241
Finance leases payable related party 74,077   74,077   256,241
Operating lease liabilities 644,442   644,442   63,983
Total liabilities 3,009,494   3,009,494   2,958,629
Sales 5,483,537 5,716,060 18,055,940 17,970,297  
Cost of sales 3,116,332 3,492,250 10,564,352 11,273,091  
Gross profit 2,367,205 2,223,810 7,491,588 6,697,206  
Selling, general and administrative 1,196,547 1,196,582 4,229,162 3,732,073  
Depreciation and amortization 356,855 338,131 990,557 927,231  
Total operating expenses 1,553,402 1,534,713 5,219,719 4,659,304  
Income (loss) from operations 813,803 689,097 2,271,869 2,037,902  
Interest income 0 0 0 0  
Interest expense (9,815)        
Loss on disposal of equipment (1,599)   (1,599)    
Total Other Income (Expense) (11,414)        
Income (loss) before provision for income taxes 802,389 676,028 2,238,935 1,980,917  
Interest expense   (13,069) (31,335) (56,985)  
Total Other Income (Expense)   (13,069) (32,934) (56,985)  
Nexxis Inc [Member]          
Segment Reporting Information [Line Items]          
Accounts receivable 42,077   42,077   30,152
Prepaid expenses and other current assets 22,947   22,947   18,157
Net property and equipment 2,269   2,269   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 67,293   67,293   51,214
Accounts payable and accrued expenses 72,901   72,901   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 72,901   72,901   65,161
Sales 325,298 270,565 899,134 800,442  
Cost of sales 180,832 164,021 504,686 498,795  
Gross profit 144,466 106,544 394,448 301,647  
Selling, general and administrative 149,055 174,527 485,978 468,605  
Depreciation and amortization 214 213 636 492  
Total operating expenses 149,269 174,740 486,614 469,097  
Income (loss) from operations (4,803) (68,196) (92,166) (167,450)  
Interest income 0 0 0 0  
Interest expense 0        
Loss on disposal of equipment 0   0    
Total Other Income (Expense) 0        
Income (loss) before provision for income taxes (4,803) (68,196) (92,166) (167,450)  
Interest expense   0 0 0  
Total Other Income (Expense)   0 0 0  
Corporate Segment [Member]          
Segment Reporting Information [Line Items]          
Accounts receivable 0   0   0
Prepaid expenses and other current assets 104,386   104,386   75,764
Net property and equipment 4,212   4,212   2,644
Intangible assets, net 0   0   0
Goodwill 0   0   0
Operating lease right-of-use assets 0   0   0
All other assets 12,093,086   12,093,086   12,795,362
Total assets 12,201,684   12,201,684   12,873,770
Accounts payable and accrued expenses 505,427   505,427   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 505,427   505,427   $ 522,814
Sales 0 0 0 0  
Cost of sales 0 0 0 0  
Gross profit 0 0 0 0  
Selling, general and administrative 834,635 606,584 2,379,944 1,790,124  
Depreciation and amortization 195 176 580 457  
Total operating expenses 834,830 606,760 2,380,524 1,790,581  
Income (loss) from operations (834,830) (606,760) (2,380,524) (1,790,581)  
Interest income 160,770 156,666 456,580 375,953  
Interest expense 0        
Loss on disposal of equipment 0   0    
Total Other Income (Expense) 160,770        
Income (loss) before provision for income taxes $ (674,060) (450,094) (1,923,944) (1,414,628)  
Interest expense   0 0 0  
Total Other Income (Expense)   $ 156,666 $ 456,580 $ 375,953