| Schedule of reclassifications |
|
Schedule of reclassifications |
|
|
|
|
|
|
|
|
|
|
| |
|
|
Before Reclassification |
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|
|
|
After Reclassification |
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| |
|
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For the Year Ended |
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|
|
|
|
For the Year Ended |
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| |
|
|
December 31, |
|
|
|
|
|
December 31, |
|
| |
|
|
2021 |
|
|
|
|
|
2021 |
|
| REVENUES: |
|
|
|
|
|
REVENUES: |
|
|
|
|
| Technology systems |
|
$ |
5,871,666 |
|
|
Technology systems |
|
$ |
5,871,666 |
|
| Technical support |
|
|
2,388,251 |
|
|
Services and consulting |
|
|
2,388,251 |
|
| |
|
|
|
|
|
|
|
|
|
|
| Total Revenue |
|
|
8,259,917 |
|
|
Total Revenue |
|
|
8,259,917 |
|
| |
|
|
|
|
|
|
|
|
|
|
| COST OF REVENUES: |
|
|
|
|
|
COST OF REVENUES: |
|
|
|
|
| Technology systems |
|
|
7,151,276 |
|
|
Technology systems |
|
|
4,728,197 |
|
| Technical support |
|
|
1,369,985 |
|
|
Services and consulting |
|
|
1,492,176 |
|
| Overhead |
|
|
2,297,826 |
|
|
— |
|
|
— |
|
| |
|
|
|
|
|
|
|
|
|
|
| Total Cost of Revenues |
|
|
10,819,087 |
|
|
Total Cost of Revenues |
|
|
6,220,373 |
|
| |
|
|
|
|
|
|
|
|
|
|
| GROSS MARGIN |
|
|
(2,559,170) |
|
|
GROSS MARGIN |
|
|
2,039,544 |
|
| |
|
|
|
|
|
|
|
|
|
|
| OPERATING EXPENSES: |
|
|
|
|
|
OPERATING EXPENSES: |
|
|
|
|
| Sales and marketing |
|
|
1,233,851 |
|
|
Sales and marketing |
|
|
1,233,851 |
|
| Research and development |
|
|
251,563 |
|
|
Research and development |
|
|
2,515,630 |
|
| General and administration |
|
|
3,412,367 |
|
|
General and administration |
|
|
5,747,014 |
|
| Total Operating Expenses |
|
|
4,897,781 |
|
|
Total Operating Expenses |
|
|
9,496,495 |
|
| |
|
|
|
|
|
|
|
|
|
|
| LOSS FROM OPERATIONS |
|
$ |
(7,456,951 |
) |
|
LOSS FROM OPERATIONS |
|
$ |
(7,456,951 |
) |
|