| Schedule of changes in equity investments measured at fair value |
| Schedule of changes in equity investments measured at fair value |
|
|
|
|
| |
|
For
the years ended December 31, 2024, and 2023 |
| |
|
|
| 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 |
|
| Purchase
of equity investments |
|
|
842,810 |
|
| Sales
of equity investments |
|
|
(900,000 |
) |
| Unrealized
gains |
|
|
— |
|
| As
of December 31, 2024 |
|
$ |
11,261,006
|
|
|
| Schedule of revenue is disaggregated by major product |
| Schedule of revenue is disaggregated by major product |
|
|
|
|
|
|
|
|
|
|
|
|
| For the Year |
| Ended December 31, 2024 |
| |
|
United States |
|
International |
|
Total |
| Cloud Infrastructure & Disaster Recovery |
|
$ |
12,294,669 |
|
|
$ |
603,523 |
|
|
$ |
12,898,192 |
|
| Equipment and Software |
|
|
7,962,998 |
|
|
|
— |
|
|
|
7,962,998 |
|
| Managed Services |
|
|
3,155,359 |
|
|
|
— |
|
|
|
3,155,359 |
|
| Nexxis VoIP Services |
|
|
1,146,174 |
|
|
|
— |
|
|
|
1,146,174 |
|
| Other |
|
|
187,252 |
|
|
|
21,328 |
|
|
|
208,580 |
|
| Total Revenue |
|
$ |
24,746,452 |
|
|
$ |
624,851 |
|
|
$ |
25,371,303
|
|
| For the Year |
| Ended December 31, 2023 |
| |
|
United States |
|
International |
|
Total |
| Cloud Infrastructure & Disaster Recovery |
|
$ |
9,809,777 |
|
|
$ |
345,153 |
|
|
$ |
10,154,930 |
|
| Equipment and Software |
|
|
10,344,976 |
|
|
|
— |
|
|
|
10,344,976 |
|
| Managed Services |
|
|
3,293,034 |
|
|
|
— |
|
|
|
3,293,034 |
|
| Nexxis
VoIP Services |
|
|
1,012,193 |
|
|
|
— |
|
|
|
1,012,193 |
|
| Other |
|
|
150,950 |
|
|
|
3,493 |
|
|
|
154,443 |
|
| Total Revenue |
|
$ |
24,610,930 |
|
|
$ |
348,646 |
|
|
$ |
24,959,576
|
|
| For the Year |
| Ended December 31, |
| Timing of revenue recognition |
|
2024 |
|
2023 |
| Products transferred at a point in time |
|
$ |
8,171,579 |
|
|
$ |
6,211,166 |
|
| Products and services transferred over time |
|
|
17,199,724 |
|
|
|
18,748,410 |
|
| Total Revenue |
|
$ |
25,371,303 |
|
|
$ |
24,959,576
|
|
|
| Schedule of earning per share basic and diluted |
| Schedule of earning per share basic and diluted |
|
|
|
|
|
|
|
|
| |
|
Year Ended December 31, |
| |
|
2024 |
|
2023 |
| |
|
|
|
|
| Net Income Available to Common Shareholders |
|
$ |
523,214 |
|
|
$ |
381,575 |
|
| |
|
|
|
|
|
|
|
|
| Weighted average number of common shares - basic |
|
|
6,931,399 |
|
|
|
6,841,094 |
|
| Dilutive securities |
|
|
|
|
|
|
|
|
| Options |
|
|
202,005 |
|
|
|
373,975 |
|
| Restricted stock award |
|
|
214,375 |
|
|
|
209,159 |
|
| Weighted average number of common shares - diluted |
|
|
7,347,779 |
|
|
|
7,424,228 |
|
| |
|
|
|
|
|
|
|
|
| Earnings per share, basic |
|
$ |
0.08 |
|
|
$ |
0.06 |
|
| Earnings per share, diluted |
|
$ |
0.07 |
|
|
$ |
0.05
|
|
|