Quarterly report pursuant to Section 13 or 15(d)

Segment reporting (Tables)

v3.23.1
Segment reporting (Tables)
3 Months Ended
Mar. 31, 2023
Segment Reporting [Abstract]  
Segment Reporting
                         
    Three Months Ended March 31, 2023  
   

Corporate

and R&D

   

IoT

Products
   

IoT Installation

Services
    Total  
                         
Revenue   $     $ 13,281     $ 222,814     $ 236,095  
Revenue – related party                        
Total revenue           13,281       222,814       236,095  
                                 
Cost of revenue           8,803       171,941       180,744  
                                 
Gross Profit           4,478       50,873       55,351  
                                 
Operating Expenses                                
Selling expense     5,248       2,875       3,736       11,859  
Compensation – officers and directors     307,534                   307,534  
Research and development     276,481                   276,481  
Professional fees     257,399                   257,399  
General and administrative     390,998       3,546       48,508       443,052  
Total Cost and Operating Expenses     1,237,660       6,421       52,244       1,296,325  
                                 
Loss from Operations     (1,237,660 )     (1,943 )     (1,371 )     (1,240,974 )
                                 
Other Income (Expense):                                
Interest income (expense), net     14,475       1       (40 )     14,436  
Gain on bargain purchase     61,747                   61,747  
Unrealized loss on marketable equity securities     32,570                   32,570  
Realized loss on marketable equity securities     (14,901 )                 (14,901 )
Rental income     39,952                   39,952  
Other income (expense), net     (5,008 )     108       (2,173 )     (7,073 )
Total other income (expense)     128,835       109       (2,213 )     126,731  
                                 
Loss before income taxes     (1,108,825 )     (1,834 )     (3,585 )     (1,114,243 )
                                 
Tax expense                        
                                 
Net Loss   $ (1,108,825 )   $ (1,834 )   $ (3,585 )   $ (1,114,243 )

 

 

 

                         
    Three Months Ended March 31, 2022  
   

Corporate

and R&D

   

IoT

Products
   

IoT Installation

Services
    Total  
                         
Revenue   $     $ 40,500     $ 85,125     $ 125,625  
Revenue – related party           31,542             31,542  
Total revenue           72,042       85,125       157,167  
                                 
Cost of revenue           59,409       84,114       143,523  
                                 
Gross Profit           12,633       1,011       13,644  
                                 
Operating Expenses                                
Selling expense           34,001       4,338       38,339  
Compensation – officers and directors     325,665                   325,665  
Research and development     561,744                   561,744  
Professional fees     360,866                   360,866  
General and administrative     261,189       333,907       55,795       650,891  
Total Cost and Operating Expenses     1,509,464       367,908       60,133       1,937,505  
                                 
Loss from Operations     (1,509,464 )     (355,275 )     (59,122 )     (1,923,861 )
                                 
Other Income (Expense):                                
Interest income (expense), net     282       (288 )           (6 )
Gain on bargain purchase                        
Unrealized loss on marketable equity securities                        
Realized loss on marketable equity securities                        
Rental income     46,372                   46,372  
Other income (expense), net     11,029             (2,464 )     8,565  
Total other income (expense)     57,683       (288 )     (2,464 )     54,931  
                                 
Loss before income taxes     (1,451,781 )     (355,563 )     (61,586 )     (1,868,930 )
                                 
Tax expense                        
                                 
Net Loss   $ (1,451,781 )   $ (355,563 )   $ (61,586 )   $ (1,868,930 )