Segmentation

9 Months Ended

Sep. 30, 2024

Segmentation [Abstract]

SEGMENTATION

15 – SEGMENTATION

As described in Note 3, the Company operates as one reportable segment - sale of smart computing hubs and related subscriptions and licenses.

Major Customers

For the three months ended September 30, 2024 two customers accounted for 10% and 50% of the Company’s revenue. For the nine months ended September 30, 2024 one customer accounted for 26% of the Company’s revenue. For the three and nine months ended September 30, 2023, one customer accounted for approximately 99% of the Company’s revenue.

Long-lived Assets

The majority of the Company’s assets as of September 30, 2024 and December 31, 2023 were attributable to its U.S. operations. The Company’s long-lived assets are based on the physical location of the assets.

The following table presents the Company’s long-lived assets, which consist of property and equipment, net, operating lease right-of-use assets and intangible assets information for geographic areas:

	As of September 30,		As of December 31,
	2024		2023
Long-Lived Assets
United States
ROU Asset	$	204,915	$	545,411
PP&E, net		217,995		339,936
Goodwill		5,076,791		4,797,078
Intangible Assets, net		757,697		628,477
Total	$	6,257,398	$	6,310,902
Rest of World
PP&E, net		34,158		36,731
Intangible Assets, net		-		-
Total	$	34,158	$	36,731
Total long-lived assets	$	6,291,556	$	6,347,633