| Segment Reporting |
| Segment Reporting
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Year Ended December 31, 2022 |
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Corporate |
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IoT Products |
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IoT Installation Services |
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Total |
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| Revenue |
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$ |
– |
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$ |
51,302 |
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$ |
252,535 |
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$ |
303,837 |
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| Revenue - related party |
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– |
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41,536 |
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8,246 |
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49,782 |
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| Total revenue |
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– |
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92,838 |
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260,781 |
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353,619 |
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| Cost of revenue |
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– |
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84,296 |
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246,603 |
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330,899 |
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| Gross Profit |
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– |
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8,542 |
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14,178 |
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22,720 |
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| Operating Expenses |
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| Selling expense |
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– |
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132,443 |
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9,929 |
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142,372 |
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| Compensation - officers and directors |
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1,055,133 |
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– |
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– |
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1,055,133 |
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| Research and development |
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1,060,385 |
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– |
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– |
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1,060,385 |
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| Professional fees |
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883,213 |
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– |
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13,172 |
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896,385 |
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| General and administrative |
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1,465,121 |
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316,617 |
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292,353 |
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2,074,091 |
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| Total Cost and Operating Expenses |
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4,463,852 |
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449,060 |
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315,454 |
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5,228,366 |
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| Loss from Operations |
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(4,463,852 |
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(440,518 |
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(301,276 |
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(5,205,646 |
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| Other Income (Expense): |
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| Interest income (expense), net |
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4,109 |
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(288 |
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66 |
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3,887 |
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| Gain on extinguishment of debt |
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– |
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158,547 |
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– |
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158,547 |
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| Unrealized loss on marketable equity securities |
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(42,395 |
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– |
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– |
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(42,395 |
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| Realized loss on marketable equity securities |
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(21,205 |
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– |
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– |
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(21,205 |
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| Rental income |
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166,288 |
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– |
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– |
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166,288 |
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| Other income (expense), net |
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20,368 |
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– |
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(6,781 |
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13,587 |
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| Total other income (expense) |
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127,165 |
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158,259 |
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(6,715 |
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278,709 |
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| Tax expense |
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– |
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– |
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– |
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– |
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| Net Loss |
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$ |
(4,336,687 |
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$ |
(282,259 |
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$ |
(307,991 |
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$ |
(4,926,937 |
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