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DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
12 Months Ended
Dec. 31, 2021
DESCRIPTION OF BUSINESS AND SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES  
Entities consolidated into TPTG

Name

 

Herein referred to as

 

Acquisition or

Incorporation Date

 

Ownership

TPT Global Tech, Inc.

 

Company or TPTG

 

 

1988

 

 

 

100

%

K Telcom and Wireless LLC

 

K Telecom

 

 

2014

 

 

 

100

%

Global Telecom International LLC

 

Global Telecom

 

 

2014

 

 

 

100

%

Copperhead Digital Holdings, Inc.

 

Copperhead Digital or CDH

 

 

2015

 

 

 

100

%

TruCom, LLC

 

TruCom

 

 

2015

 

 

 

100

%

Nevada Utilities, Inc.

 

Nevada Utilities

 

 

2015

 

 

 

100

%

CityNet Arizona, LLC

 

CityNet

 

 

2015

 

 

 

100

%

San Diego Media Inc.

 

SDM

 

 

2016

 

 

 

100

%

Blue Collar Production, Inc.

 

Blue Collar

 

 

2018

 

 

 

100

%

TPT SpeedConnect, LLC

 

TPT SpeedConnect

 

 

2019

 

 

 

100

%

TPT Federal, LLC

 

TPT Federal

 

 

2020

 

 

 

100

%

TPT MedTech, LLC

 

TPT MedTech

 

 

2020

 

 

 

100

%

InnovaQor, Inc./TPT Strategic, Inc.

 

InnovaQor and TPT Strategic

 

 

2020

 

 

 

94

%

QuikLab 1 LLC

 

Quiklab 1

 

 

2020

 

 

 

80

%

QuikLAB 2, LLC

 

QuikLAB 2

 

 

2020

 

 

 

80

%

QuikLAB 3, LLC

 

QuikLAB 3

 

 

2020

 

 

 

80

%

The Fitness Container, LLC

 

Air Fitness

 

 

2020

 

 

 

75

%

TPT Global Tech Asia Limited

 

TPT Asia

 

 

2020

 

 

 

78

%

TPT MedTech UK LTD

 

TPT MedTech UK

 

 

2020

 

 

 

100

%

TPT Global Defense Systems, Inc.

 

TPT Global Defense

 

 

2-19-21

 

 

 

100

%

TPT Innovations Technology, Inc.

 

TPT Innovations

 

 

2-19-21

 

 

 

100

%

TPT Global Caribbean Inc.

 

TPT Caribbean

 

 

6-10-21

 

 

 

100

%

TPT Media and Entertainment, LLC

 

TPT Media and Entertainment

 

 

6-14-21

 

 

 

100

%

VuMe Live, LLC

 

VuMe Live

 

 

11-17-21

 

 

 

100

%

Digithrive, LLC

 

Digithrive

 

 

12-31-21

 

 

 

100

%

Disaggregation of revenue

 

 

For the year ended

December 31, 2021

 

 

For the year ended

December 31, 2020 

 

TPT SpeedConnect

 

$7,579,003

 

 

$9,958,770

 

Blue Collar

 

 

1,545,721

 

 

 

1,051,120

 

TPT MedTech

 

 

155,919

 

 

 

30,484

 

Other (1)

 

 

179,757

 

 

 

14,405

 

Total Services Revenues

 

$9,460,400

 

 

$11,054,779

 

TPT MedTech – Product Revenue

 

 

566,689

 

 

 

-

 

K Telecom – Product Revenue

 

 

2,490

 

 

 

39,391

 

Total Product Revenues

 

$569,179

 

 

$39,391

 

Total Revenue

 

$10,029,579

 

 

$11,094,170

 

Potentially dilutive securities

 

 

2021

 

 

2020

 

Convertible Promissory Notes

 

 

429,623,112

 

 

 

175,316,748

 

Series A Preferred Stock (1)

 

 

1,349,817,125

 

 

 

1,243,987,624

 

Series B Preferred Stock

 

 

2,588,693

 

 

 

2,588,693

 

Series D Preferred Stock

 

 

25,297,722

 

 

 

-

 

Stock Options and warrants

 

 

111,000,000

 

 

 

4,333,333

 

 

 

 

1,918,326,652

 

 

 

1,426,226,398

 

Derivative financial instruments

Derivative Instrument

 

Fair Value

 

Fair value of EMA, First Fire, and Cavalry Financial Convertible Promissory Notes

 

$3,057,026

 

Fair value of Warrants issued with the derivative instruments

 

 

985,884

 

 

 

$4,042,910