| Schedule of revenue is disaggregated by major product |
| Schedule of revenue is disaggregated by major product |
|
|
|
|
|
|
|
|
|
|
|
|
| For the Three Months |
| Ended September 30, 2022 |
| |
|
United States |
|
International |
|
Total |
| Infrastructure & Disaster Recovery/Cloud Service |
|
$ |
2,120,592 |
|
|
$ |
47,039 |
|
|
$ |
2,167,631 |
|
| Equipment and Software |
|
|
1,021,451 |
|
|
|
— |
|
|
|
1,021,451 |
|
| Managed Services |
|
|
966,346 |
|
|
|
33,307 |
|
|
|
999,653 |
|
| Nexxis VoIP Services |
|
|
203,191 |
|
|
|
— |
|
|
|
203,191 |
|
| Other |
|
|
27,359 |
|
|
|
— |
|
|
|
27,359 |
|
| Total Revenue |
|
$ |
4,338,939 |
|
|
$ |
80,346 |
|
|
$ |
4,419,285 |
|
| For the Three Months |
| Ended September 30, 2021 |
| |
|
United States |
|
International |
|
Total |
| Infrastructure & Disaster Recovery/Cloud Service |
|
$ |
1,799,488 |
|
|
$ |
27,567 |
|
|
$ |
1,827,055 |
|
| Equipment and Software |
|
|
316,107 |
|
|
|
— |
|
|
|
316,107 |
|
| Managed Services |
|
|
1,472,261 |
|
|
|
— |
|
|
|
1,472,261 |
|
| Nexxis VoIP Services |
|
|
210,445 |
|
|
|
— |
|
|
|
210,445 |
|
| Other |
|
|
34,390 |
|
|
|
— |
|
|
|
34,390 |
|
| Total Revenue |
|
$ |
3,832,691 |
|
|
$ |
27,567 |
|
|
$ |
3,860,258 |
|
| For the Three Months |
| Ended September 30, |
| Timing of revenue recognition |
|
2022 |
|
2021 |
| Products transferred at a point in time |
|
$ |
1,112,748 |
|
|
$ |
754,438 |
|
| Products and services transferred over time |
|
|
3,306,537 |
|
|
|
3,105,820 |
|
| Total Revenue |
|
$ |
4,419,285 |
|
|
$ |
3,860,258 |
|
| For the Nine Months |
| Ended September 30, 2022 |
| |
|
United States |
|
International |
|
Total |
| Infrastructure & Disaster Recovery/Cloud Service |
|
$ |
5,964,383 |
|
|
$ |
142,904 |
|
|
$ |
6,107,287 |
|
| Equipment and Software |
|
|
7,309,400 |
|
|
|
— |
|
|
|
7,309,400 |
|
| Managed Services |
|
|
3,709,657 |
|
|
|
99,921 |
|
|
|
3,809,578 |
|
| Nexxis VoIP Services |
|
|
587,051 |
|
|
|
— |
|
|
|
587,051 |
|
| Other |
|
|
90,917 |
|
|
|
— |
|
|
|
90,917 |
|
| Total Revenue |
|
$ |
17,661,408 |
|
|
$ |
242,825 |
|
|
$ |
17,904,233 |
|
| For the Nine Months |
| Ended September 30, 2021 |
| |
|
United States |
|
International |
|
Total |
| Infrastructure & Disaster Recovery/Cloud Service |
|
$ |
5,115,212 |
|
|
$ |
97,354 |
|
|
$ |
5,212,566 |
|
| Equipment and Software |
|
|
1,541,441 |
|
|
|
— |
|
|
|
1,541,441 |
|
| Managed Services |
|
|
2,508,515 |
|
|
|
— |
|
|
|
2,508,515 |
|
| Nexxis VoIP Services |
|
|
588,889 |
|
|
|
— |
|
|
|
588,889 |
|
| Other |
|
|
111,787 |
|
|
|
— |
|
|
|
111,787 |
|
| Total Revenue |
|
$ |
9,865,844 |
|
|
$ |
97,354 |
|
|
$ |
9,963,198 |
|
| For the Nine Months |
| Ended September 30, |
| Timing of revenue recognition |
|
2022 |
|
2021 |
| Products transferred at a point in time |
|
$ |
7,400,316 |
|
|
$ |
2,230,873 |
|
| Products and services transferred over time |
|
|
10,503,917 |
|
|
|
7,732,325 |
|
| Total Revenue |
|
$ |
17,904,233 |
|
|
$ |
9,963,198 |
|
|
| Schedule of Earning per share basic and diluted |
| Schedule of Earning per share basic and diluted |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
For the Three Months Ended |
|
For the Nine Months Ended |
| |
|
September 30, |
|
September 30, |
| |
|
2022 |
|
2021 |
|
2022 |
|
2021 |
| |
|
|
|
|
|
|
|
|
| Net Income (Loss) Available to Common Shareholders |
|
$ |
(245,619 |
) |
|
$ |
135,630 |
|
|
$ |
(1,228,708 |
) |
|
$ |
213,159 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Weighted average number of common shares - basic |
|
|
6,822,127 |
|
|
|
6,350,826 |
|
|
|
6,759,247 |
|
|
|
4,530,188 |
|
| Dilutive securities |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Options |
|
|
— |
|
|
|
128,418 |
|
|
|
— |
|
|
|
187,025 |
|
| Warrants |
|
|
— |
|
|
|
3,333 |
|
|
|
— |
|
|
|
3,333 |
|
| Weighted average number of common shares - diluted |
|
|
6,822,127 |
|
|
|
6,482,577 |
|
|
|
6,759,247 |
|
|
|
4,720,546 |
|
| Earnings (Loss) per share, basic |
|
$ |
(0.04 |
) |
|
$ |
0.02 |
|
|
$ |
(0.18 |
) |
|
$ |
0.05 |
|
| Earnings (Loss) per share, diluted |
|
$ |
(0.04 |
) |
|
$ |
0.02 |
|
|
$ |
(0.18 |
) |
|
$ |
0.05 |
|
|
| Schedule of anti-dilutive income (loss) per share |
| Schedule of anti-dilutive income (loss) per share |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
Three Months ended September 30, |
|
Nine Months ended September 30, |
| |
|
2022 |
|
2021 |
|
2022 |
|
2021 |
| Options |
|
|
290,330 |
|
|
|
96,248 |
|
|
|
290,330 |
|
|
|
37,641 |
|
| Warrants |
|
|
2,419,193 |
|
|
|
2,415,860 |
|
|
|
2,419,193 |
|
|
|
2,415,860 |
|
| Total common stock equivalents |
|
|
2,709,523 |
|
|
|
2,512,108 |
|
|
|
2,709,523 |
|
|
|
2,453,501 |
|
|