| Schedules of segment reporting |
| Schedules of segment reporting |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Year Ended December 31, 2023 |
|
| |
|
Corporate |
|
|
IoT Products |
|
|
IoT Installation Services |
|
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
– |
|
|
$ |
281,117 |
|
|
$ |
705,538 |
|
|
$ |
986,655 |
|
| Revenue - related party |
|
|
– |
|
|
|
28,375 |
|
|
|
37,168 |
|
|
|
65,543 |
|
| Total revenue |
|
|
– |
|
|
|
309,492 |
|
|
|
742,706 |
|
|
|
1,052,198 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cost of revenue |
|
|
– |
|
|
|
214,943 |
|
|
|
743,470 |
|
|
|
958,413 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Gross profit |
|
|
– |
|
|
|
94,549 |
|
|
|
(764 |
) |
|
|
93,785 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total operating expense |
|
|
4,957,244 |
|
|
|
72,825 |
|
|
|
26,523 |
|
|
|
5,056,592 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Income (loss) from operations |
|
|
(4,957,244 |
) |
|
|
21,724 |
|
|
|
(27,287 |
) |
|
|
(4,962,807 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total other income (expense) |
|
|
214,225 |
|
|
|
(5,680 |
) |
|
|
36,120 |
|
|
|
244,665 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net income (loss) |
|
$ |
(4,743,019 |
) |
|
$ |
16,044 |
|
|
$ |
8,833 |
|
|
$ |
(4,718,142 |
) |
The following tables summarize the financial information
of each operating segment of the Company for the year ended December 31, 2022:
| |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Year Ended December 31, 2022 |
|
| |
|
Corporate |
|
|
IoT Products |
|
|
IoT Installation Services |
|
|
Total |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
– |
|
|
$ |
51,302 |
|
|
$ |
252,535 |
|
|
$ |
303,837 |
|
| Revenue - related party |
|
|
– |
|
|
|
41,536 |
|
|
|
8,246 |
|
|
|
49,782 |
|
| Total revenue |
|
|
– |
|
|
|
92,838 |
|
|
|
260,781 |
|
|
|
353,619 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Cost of revenue |
|
|
– |
|
|
|
84,296 |
|
|
|
246,603 |
|
|
|
330,899 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Gross profit |
|
|
– |
|
|
|
8,542 |
|
|
|
14,178 |
|
|
|
22,720 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total operating expense |
|
|
4,463,852 |
|
|
|
449,060 |
|
|
|
315,454 |
|
|
|
5,228,366 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Loss from operations |
|
|
(4,463,852 |
) |
|
|
(440,518 |
) |
|
|
(301,276 |
) |
|
|
(5,205,646 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total other income (expense) |
|
|
127,165 |
|
|
|
158,259 |
|
|
|
(6,715 |
) |
|
|
278,709 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net loss |
|
$ |
(4,336,687 |
) |
|
$ |
(282,259 |
) |
|
$ |
(307,991 |
) |
|
$ |
(4,926,937 |
) |
|