Quarterly report pursuant to Section 13 or 15(d)

Summary of Significant Accounting Policies (Tables)

v3.22.1
Summary of Significant Accounting Policies (Tables)
3 Months Ended
Mar. 31, 2022
Accounting Policies [Abstract]  
Schedule of revenue is disaggregated by major product
                       
For the Three Months
Ended March 31, 2022
    United States   International   Total
Infrastructure & Disaster Recovery/Cloud Service   $ 1,888,387     $ 37,463     $ 1,925,850  
Equipment and Software     5,319,459             5,319,459  
Managed Services     1,149,503       33,307       1,182,810  
Nexxis VoIP Services     194,934             194,934  
Other     34,146             34,146  
Total Revenue   $ 8,586,429     $ 70,770     $ 8,657,199  

  

 

For the Three Months
Ended March 31, 2021
    United States   International   Total
Infrastructure & Disaster Recovery/Cloud Service   $ 1,629,773     $ 30,575     $ 1,660,348  
Equipment and Software     464,883             464,883  
Managed Services     226,767             226,767  
Nexxis VoIP Services     195,326             195,326  
Other     27,367             27,367  
Total Revenue   $ 2,544,116     $ 30,575     $ 2,574,691  

  

For the Three Months
Ended March 31,
Timing of revenue recognition   2022   2021
Products transferred at a point in time   $ 5,402,996     $ 687,576  
Products and services transferred over time     3,254,203       1,887,115  
Total Revenue   $ 8,657,199     $ 2,574,691  
Schedule of Earning per share basic and dilute
         
    For the Three Months Ended March 31,
    2022   2021
         
Net Income (Loss) Available to Common Shareholders   $ 156,010     $ (36,784 )
                 
Weighted average number of common shares - basic     6,695,966       3,213,485  
Dilutive securities                
Options     256,601        
Warrants     3,333        
Weighted average number of common shares - diluted     6,955,900       3,213,485  
                 
Earnings (Loss) per share, basic   $ 0.02     $ (0.01 )
Earnings (Loss) per share, diluted   $ 0.02     $ (0.01 )
Schedule of anti-dilutive income (loss) per share
               
    Three Months ended March 31,
    2022   2021
Options     62,074       207,650  
Warrants     2,415,860       3,333  
      2,477,934       210,983