Quarterly report pursuant to Section 13 or 15(d)

Segment reporting (Tables)

v3.24.2.u1
Segment reporting (Tables)
6 Months Ended
Jun. 30, 2024
Segment Reporting [Abstract]  
Schedule of operating segment
                       
    For the Six Months Ended June 30, 2024  
    Corporate     IoT Products     IoT Installation Services     Total  
                         
Revenue   $     $ 190,739     $ 48,172     $ 238,911  
                                 
Cost of revenue           93,156       158,035       251,191  
                                 
Gross profit (loss)           97,583       (109,863 )     (12,280 )
                                 
Total operating expense     2,637,653       32,028       16,986       2,686,667  
                                 
Income (loss) from operations     (2,637,653 )     65,555       (126,849 )     (2,698,947 )
                                 
Total other income (expense)     15,176       907       2,161       18,244  
                                 
Net income (loss)   $ (2,622,477 )   $ 66,462     $ (124,688 )   $ (2,680,703 )

 

The following tables summarize the financial information of each operating segment of the Company for the six months ended June 30, 2023:

                         
    For the Six Months Ended June 30, 2023  
    Corporate     IoT Products     IoT Installation Services     Total  
                         
Revenue   $     $ 78,148     $ 373,338     $ 451,486  
                                 
Cost of revenue           56,355       273,648       330,003  
                                 
Gross profit           21,793       99,690       121,483  
                                 
Total operating expense     2,290,714       41,038       102,191       2,433,943  
                                 
Loss from operations     (2,290,714 )     (19,245 )     (2,501 )     (2,312,460 )
                                 
Total other income (expense)     181,483       2,002       (3,434 )     180,051  
                                 
Net loss   $ (2,109,231 )   $ (17,243 )   $ (5,935 )   $ (2,132,409 )