Quarterly report pursuant to Section 13 or 15(d)

Segment reporting (Tables)

v3.24.1.1.u2
Segment reporting (Tables)
3 Months Ended
Mar. 31, 2024
Segment Reporting [Abstract]  
Schedule of operating segment
                       
    For the Three Months Ended March 31, 2024  
    Corporate     IoT Products     IoT Installation Services     Total  
                         
Revenue   $     $ 179,505     $ 39,653     $ 219,158  
                                 
Cost of revenue           105,082       114,275       219,357  
                                 
Gross profit (loss)           74,423       (74,622 )     (199 )
                                 
Total operating expense     1,299,360       16,664       3,587       1,319,611  
                                 
Income (loss) from operations     (1,299,360 )     57,759       (78,209 )     (1,319,810 )
                                 
Total other income (expense)     2,737       335       1,141       4,213  
                                 
Net income (loss)   $ (1,296,623 )   $ 58,094     $ (77,068 )   $ (1,315,597 )

 

The following tables summarize the financial information of each operating segment of the Company for the three months ended March 31, 2023:

                         
    For the Three Months Ended March 31, 2023  
    Corporate     IoT Products     IoT Installation Services     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  
                                 
Total operating expense     1,237,660       6,421       52,244       1,296,325  
                                 
Loss from operations     (1,237,660 )     (1,943 )     (1,371 )     (1,240,974 )
                                 
Total other income (expense)     128,835       109       (2,213 )     126,731  
                                 
Net loss   $ (1,108,825 )   $ (1,834 )   $ (3,584 )   $ (1,114,243 )