| Schedule of revenue is disaggregated by major product |
The
following table shows revenue disaggregated by major product line and timing of revenue recognition:
| |
|
For the Three Months Ended September 30, |
|
For the Nine Months Ended September 30,
|
| |
|
2019 |
|
2018 |
|
2019 |
|
2018 |
| |
|
|
|
|
|
|
|
|
| Major products/services lines |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Infrastructure & Disaster Recovery/Cloud Service |
|
$ |
1,336,348 |
|
|
$ |
1,222,043 |
|
|
$ |
3,960,466 |
|
|
$ |
3,490,434 |
|
| Equipment and Software |
|
|
410,238 |
|
|
|
976,111 |
|
|
|
1,285,297 |
|
|
|
2,743,915 |
|
| Managed Services |
|
|
116,266 |
|
|
|
143,228 |
|
|
|
322,133 |
|
|
|
489,884 |
|
| Other |
|
|
150,810 |
|
|
|
219,130 |
|
|
|
478,635 |
|
|
|
536,346 |
|
| Total Revenue |
|
$ |
2,013,662 |
|
|
$ |
2,560,512 |
|
|
$ |
6,046,531 |
|
|
$ |
7,260,579 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Timing of revenue recognition |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Products transferred at a point in time |
|
$ |
410,238 |
|
|
$ |
976,111 |
|
|
$ |
1,285,297 |
|
|
$ |
2,743,915 |
|
| Products and services transferred over time |
|
|
1,603,424 |
|
|
|
1,584,401 |
|
|
|
4,761,234 |
|
|
|
4,516,664 |
|
| Total Revenue |
|
$ |
2,013,662 |
|
|
$ |
2,560,512 |
|
|
$ |
6,046,531 |
|
|
$ |
7,260,579 |
|
|
| Schedule of Earnings Per Share, Basic and Diluted |
The
following table sets forth the information needed to compute basic and diluted earnings per share for the nine months ended September
30, 2019 and 2018:
| |
|
For the Three Months Ended September 30,
|
|
For the Nine Months Ended September 30,
|
| |
|
2019 |
|
2018 |
|
2019 |
|
2018 |
| |
|
|
|
|
|
|
|
|
| Net Income (Loss) Available to Common Shareholders |
|
$ |
(152,673 |
) |
|
|
200,843 |
|
|
$ |
(103,659 |
) |
|
$ |
159,807 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted average number of common shares - basic |
|
|
128,139,418 |
|
|
|
128,139,418 |
|
|
|
128,139,418 |
|
|
|
128,139,418 |
|
| Dilutive securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Options |
|
|
— |
|
|
|
3,667,227 |
|
|
|
— |
|
|
|
3,667,227 |
|
| Warrants |
|
|
— |
|
|
|
133,334 |
|
|
|
— |
|
|
|
133,334 |
|
| Weighted average number of common shares - diluted |
|
|
128,139,418 |
|
|
|
131,939,979 |
|
|
|
128,139,418 |
|
|
|
131,939,979 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Earnings (Loss) per share, basic |
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
| Earnings (Loss) per share, diluted |
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
$ |
0.00 |
|
|
| Schedule of anti-dilutive income (loss) per share |
The
following table sets forth the number of potential shares of common stock that have been excluded from diluted net income (loss)
per share net income (loss) per share because their effect was anti-dilutive:
| |
|
2019 |
|
2018 |
|
2019 |
|
2018 |
| |
Options |
|
|
|
6,015,518 |
|
|
|
2,348,291 |
|
|
|
6,015,518 |
|
|
|
2,348,291 |
|
| |
Warrants |
|
|
|
133,334 |
|
|
|
— |
|
|
|
133,334 |
|
|
|
— |
|
| |
|
|
|
|
6,148,852 |
|
|
|
2,348,291 |
|
|
|
6,148,852 |
|
|
|
2,348,291 |
|
|