Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
REVENUES:    
Total Revenues $ 7,471,198 $ 15,012,366
COST OF REVENUES:    
 Total Cost of Revenues 6,162,317 10,264,263
GROSS MARGIN 1,308,881 4,748,103
OPERATING EXPENSES:    
 Sales and marketing 1,493,309 1,337,186
 Research and development 1,812,951 1,651,064
 General and Administration 9,449,187 8,625,002
 Total Operating Expenses 12,755,447 11,613,252
LOSS FROM OPERATIONS (11,446,566) (6,865,149)
OTHER INCOME (EXPENSES):    
Interest expense (7,159) (9,191)
Other income, net 212,007 9,557
Total Other Income (Expenses) 204,848 366
NET LOSS (11,241,718) (6,864,783)
Product [Member]    
REVENUES:    
Total Revenues 3,618,022 11,190,292
COST OF REVENUES:    
 Total Cost of Revenues 4,352,247 8,376,649
Service, Other [Member]    
REVENUES:    
Total Revenues 3,853,176 3,822,074
COST OF REVENUES:    
 Total Cost of Revenues $ 1,810,070 $ 1,887,614