| Schedule of changes in equity investments measured at fair value |
| Schedule of changes in equity investments measured at fair value |
|
|
|
|
| |
|
For the three months ended March 31, 2025 |
| |
|
|
| As of January 1, 2025 |
|
$ |
11,261,006 |
|
| Purchase of equity investments |
|
|
120,906 |
|
| Sales of equity investments |
|
|
(975,000 |
) |
| As of March 31, 2025 |
|
$ |
$10,406,912 |
|
|
| Schedule of revenue is disaggregated by major product |
| Schedule of revenue is disaggregated by major product |
|
|
|
|
|
|
|
|
|
|
|
|
| For the Three Months |
| Ended March 31, 2025 |
| |
|
United States |
|
International |
|
Total |
| Cloud Infrastructure & Disaster Recovery |
|
$ |
3,138,841 |
|
|
$ |
220,237 |
|
|
$ |
3,359,078 |
|
| Equipment and Software |
|
|
3,564,919 |
|
|
|
— |
|
|
|
3,564,919 |
|
| Managed Services |
|
|
811,906 |
|
|
|
— |
|
|
|
811,906 |
|
| Nexxis VoIP Services |
|
|
307,816 |
|
|
|
— |
|
|
|
307,816 |
|
| Other |
|
|
40,037 |
|
|
|
— |
|
|
|
40,037 |
|
| Total Revenue |
|
$ |
7,863,519 |
|
|
$ |
220,237 |
|
|
$ |
8,083,756 |
|
| For the Three Months |
| Ended March 31, 2024 |
| |
|
United States |
|
International |
|
Total |
| Cloud Infrastructure & Disaster Recovery |
|
$ |
2,853,249 |
|
|
$ |
99,646 |
|
|
$ |
2,952,895 |
|
| Equipment and Software |
|
|
4,084,647 |
|
|
|
— |
|
|
|
4,084,647 |
|
| Managed Services |
|
|
843,407 |
|
|
|
— |
|
|
|
843,407 |
|
| Nexxis VoIP Services |
|
|
276,467 |
|
|
|
— |
|
|
|
276,467 |
|
| Other |
|
|
67,893 |
|
|
|
10,438 |
|
|
|
78,331 |
|
| Total Revenue |
|
$ |
8,125,663 |
|
|
$ |
110,084 |
|
|
$ |
8,235,747 |
|
| For the Three Months |
| Ended March 31, |
| Timing of revenue recognition |
|
2025 |
|
2024 |
| Products transferred at a point in time |
|
$ |
3,604,956 |
|
|
$ |
1,045,977 |
|
| Products and services transferred over time |
|
|
4,478,800 |
|
|
|
7,189,770 |
|
| Total Revenue |
|
$ |
8,083,756 |
|
|
$ |
8,235,747 |
|
|
| Schedule of earning per share basic and diluted |
| Schedule of earning per share basic and diluted |
|
|
|
|
|
|
|
|
| |
|
Three Months Ended March 31, |
| |
|
2025 |
|
2024 |
| |
|
|
|
|
| Net Income Available to Common Shareholders |
|
$ |
24,078 |
|
|
$ |
357,102 |
|
| |
|
|
|
|
|
|
|
|
| Weighted average number of common shares - basic |
|
|
7,077,913 |
|
|
|
7,090,389 |
|
| Dilutive securities |
|
|
|
|
|
|
|
|
| Options |
|
|
160,669 |
|
|
|
169,083 |
|
| Restricted stock units |
|
|
167,090 |
|
|
|
— |
|
| Weighted average number of common shares - diluted |
|
|
7,405,672 |
|
|
|
7,259,472 |
|
| |
|
|
|
|
|
|
|
|
| Earnings per share, basic |
|
$ |
— |
|
|
$ |
0.05 |
|
| Earnings per share, diluted |
|
$ |
— |
|
|
$ |
0.05 |
|
|
| Schedule of anti-dilutive shares |
| Schedule of anti-dilutive shares |
|
|
|
|
|
|
|
|
|
| |
|
Three Months Ended March 31, |
| |
|
2025 |
|
2024 |
| Options |
|
|
|
541,724 |
|
|
|
560,071 |
|
| Warrants |
|
|
|
2,495,860 |
|
|
|
2,415,860 |
|
| |
|
|
|
3,037,584 |
|
|
|
2,975,931 |
|
|