| NOTE 12 - SEGMENTS |
NOTE
12 - SEGMENTS
At December 31, 2022 and 2021, the Company operates
in one industry segment, telecommunication services, and two geographic segments, USA and Switzerland, where current assets and equipment
are located.
Operating Activities
The following table shows operating activities information
by geographic segment for the three months ended March 31, 2023 and 2022:
Three months ended March 31, 2023
NOTE 12 - SEGMENT
- Schedule of Operating Activities by Geographic Segment
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| | |
USA | |
Switzerland | |
Elimination | |
Total |
| Revenues | |
$ | 24,847,671 | | |
| 1,347,435 | | |
$ | (1,528,577 | ) | |
$ | 24,666,529 | |
| Cost of revenue | |
| 23,825,886 | | |
| 1,152,484 | | |
| (1,528,577 | ) | |
| 23,449,793 | |
| Gross profit | |
| 1,021,785 | | |
| 194,951 | | |
| — | | |
| 1,216,736 | |
| | |
| | | |
| | | |
| | | |
| | |
| Operating expenses | |
| | | |
| | | |
| | | |
| | |
| General and administration | |
| 1,350,956 | | |
| 183,310 | | |
| — | | |
| 1,534,266 | |
| | |
| | | |
| | | |
| | | |
| | |
| Operating (loss) income | |
| (329,171 | ) | |
| 11,641 | | |
| — | | |
| (317,530 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Other income (expense) | |
| 174,955 | | |
| (16,247 | ) | |
| — | | |
| 158,708 | |
| | |
| | | |
| | | |
| | | |
| | |
| Net loss | |
$ | (154,216 | ) | |
$ | (4,606 | ) | |
$ | — | | |
$ | (158,822 | ) |
Three months ended March 31, 2022
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
USA |
|
Switzerland |
|
Elimination |
|
Total |
| Revenues |
|
$ |
18,475,113 |
|
|
|
1,026,080 |
|
|
$ |
(81,882 |
) |
|
$ |
19,419,311 |
|
| Cost of revenue |
|
|
18,193,952 |
|
|
|
823,181 |
|
|
|
(81,882 |
) |
|
|
18,935,251 |
|
| Gross profit |
|
|
281,161 |
|
|
|
202,899 |
|
|
|
— |
|
|
|
484,060 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Operating expenses |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| General and administration |
|
|
781,300 |
|
|
|
208,198 |
|
|
|
— |
|
|
|
989,498 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Operating (loss) |
|
|
(500,139 |
) |
|
|
(5,299 |
) |
|
|
— |
|
|
|
(505,438 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other (expense) income |
|
|
(29,841 |
) |
|
|
10,548 |
|
|
|
— |
|
|
|
(19,293 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Net (loss) income |
|
$ |
(529,980 |
) |
|
$ |
5,249 |
|
|
$ |
— |
|
|
$ |
(524,731 |
) |
Asset Information
The following table shows asset information by geographic
segment as of March 31, 2023 and December 31, 2022:
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| March 31, 2023 | |
USA | |
Switzerland | |
Elimination | |
Total |
| Assets | |
| | | |
| | | |
| | | |
| | |
| Current assets | |
$ | 6,419,124 | | |
$ | 1,235,556 | | |
$ | (917,713 | ) | |
$ | 6,736,967 | |
| Non-current assets | |
$ | 11,631,453 | | |
$ | 703,066 | | |
$ | (6,184,562 | ) | |
$ | 6,149,957 | |
| Liabilities | |
| | | |
| | | |
| | | |
| | |
| Current liabilities | |
$ | 5,378,018 | | |
$ | 1,840,726 | | |
$ | (917,713 | ) | |
$ | 6,301,031 | |
| Non-current liabilities | |
$ | — | | |
$ | 256,233 | | |
$ | — | | |
$ | 256,233 | |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| December
31, 2022 |
|
USA |
|
Switzerland |
|
Elimination |
|
Total |
| Assets |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Current
assets |
|
$ |
6,496,354 |
|
|
$ |
1,172,889 |
|
|
$ |
(1,232,653 |
) |
|
$ |
6,436,590 |
|
| Non-current
assets |
|
$ |
11,646,662 |
|
|
$ |
650,794 |
|
|
$ |
(6,184,562 |
) |
|
$ |
6,112,894 |
|
| Liabilities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Current
liabilities |
|
$ |
5,967,729 |
|
|
$ |
1,716,603 |
|
|
$ |
(1,232,653 |
) |
|
$ |
6,451,679 |
|
| Non-current
liabilities |
|
$ |
— |
|
|
$ |
262,388 |
|
|
$ |
— |
|
|
$ |
262,388 |
|
|