Annual report pursuant to Section 13 and 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.1
Summary of Significant Accounting Policies (Tables)
12 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Schedule of revenue is disaggregated by major product
                       
For the Year
Ended December 31, 2021
    United States   International   Total

Cloud Infrastructure & Disaster Recovery

  $ 7,105,892     $ 97,354     $ 7,203,246  
Equipment and Software     2,080,463             2,080,463  
Managed Services     4,661,777             4,661,777  
Nexxis Services     772,344             772,344  
Other     158,397             158,397  
Total Revenue   $ 14,778,873     $ 97,354     $ 14,876,227  

 

For the Year
Ended December 31, 2020
    United States   International   Total
Infrastructure & Disaster Recovery/Cloud Service   $ 5,691,133     $ 115,237     $ 5,806,370  
Equipment and Software     2,074,911             2,074,911  
Managed Services     380,701             380,701  
Professional Fees     362,375             362,375  
Nexxis Services     696,576             696,576  
Total Revenue   $ 9,205,696     $ 115,237     $ 9,320,933  

 

For the Year
Ended December 31,
Timing of revenue recognition   2021   2020
Products transferred at a point in time   $ 2,694,923     $ 2,817,987  
Products and services transferred over time     12,181,304       6,502,946  
Total Revenue   $ 14,876,227     $ 9,320,933  
Schedule of Earning per share basic and dilute
                 
    For the Year Ended December 31,
    2021   2020
         
Net Income Available to Common Shareholders   $ 204,161   $ 55,339  
                 
Weighted average number of common shares – basic     5,075,716       3,213,157  
Dilutive securities                
Options     229,825       149,520  
 Warrants     1,034,583       3,333  
Weighted average number of common shares – diluted     6,340,125       3,366,010  
                 
Earnings per share, basic   $ 0.04   $ 0.02  
Earnings per share, diluted   $ 0.03   $ 0.02  
Schedule of anti-dilutive income (loss) per share
               
    Year ended December 31,
    2021   2020
Options     37,641       58,129  
Warrants     1,384,610        
      1,422,251       58,129