Quarterly report [Sections 13 or 15(d)]

SEGMENT REPORTING (Tables)

v3.26.1
SEGMENT REPORTING (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of reportable business segments
                             
    Technology Solutions     Data Center Hosting & Related Services     Services and Consulting     Corporate and Unallocated     Consolidated  
Net revenues   $ 3,231,544     $ 32,549     $ 2,911,330     $ —     $ 6,175,423  
Cost of revenues     2,404,108       98,964       226,255       —       2,729,327  
Operating Expenses (excluding depreciation and amortization)     1,017,361       610,297       —       1,353,513       2,981,171  
Depreciation and amortization     —       53,997       —       —       53,997  
Stock Compensation     —       —       —       361,835       361,835  
Income (loss) from operations     (189,925 )     (730,709 )     2,685,075       (1,715,348 )     49,093  
Interest Expense     —       (121 )     —       —       (121 )
Interest income on  lease receivable     —       3,325       —       —       3,325  
Other Income     11       2,603       447       53,584,232       53,587,292  
Income (loss) before provision for income taxes     (189,914 )     (724,902 )     2,685,522       51,868,884       53,639,590  
Provision for income taxes (Expense)     —       —       —       (4,984,170 )     (4,984,170 )
Net income (loss) from continuing operations   $ (189,914 )   $  (724,902 )   $  2,685,522     $  46,884,714     $  48,655,420  

 

 

Three Months ended June 30, 2025

 

The Company reclassified certain prior period balances to confirm to current period presentation related to Discontinued Operations. See Note 3 Discontinued Operations. 

                               
    Technology Solutions     Data Center Hosting & Related Services     Services and Consulting     Corporate and Unallocated     Consolidated  
Net revenues   $ —     $ 8,000     $ 4,760,403     $ —     $ 4,768,403  
Cost of revenues     —       15,343       2,976,469       —       2,991,812  
Operating Expenses (excluding depreciation and amortization)     —       495,282       —       1,711,299       2,206,581  
Depreciation and amortization     —       15,376       —       —       15,376  
Stock Compensation     —       —       —       1,094,816       1,094,816  
Income (loss) from operations     —       (518,001 )     1,783,934       (2,806,115 )     (1,540,182 )
Interest Expense             (87,348 )     —       —       (87,348 )
Interest Income on lease receivable             1,246       —       —       1,246  
Other Income             5,417       552       2,785       8,754  
Income (loss) before provision for income taxes     —       (598,686 )     1,784,486       (2,803,330 )     (1,617,530 )
Provision for income taxes             —       —       —       —  
Net income (loss) from continuing operations   $ —     $ (598,686 )   $ 1,784,486     $ (2,803,330 )   $ (1,617,530 )

 

 

Six Months ended June 30, 2026

                             
    Technology Solutions     Data Center Hosting & Related Services     Services and Consulting     Corporate and Unallocated     Consolidated  
Net revenues   $ 3,793,998     $ 62,824     $ 4,463,902     $ —     $ 8,320,724  
Cost of revenues     2,910,678       138,397       770,112       —       3,819,187  
Operating Expenses (excluding depreciation and amortization)     1,017,361       1,117,698       —       3,645,307       5,780,366  
Depreciation and amortization     —       96,650       —       —       96,650  
Stock Compensation     —       —       —       1,749,704       1,749,704  
Income (loss) from operations     (134,041 )     (1,289,921 )     3,693,790       (5,395,011 )     (3,125,183 )
Interest Expense     —       (121 )     —       —       (121 )

Interest income on lease receivable

     —       6,765       —       —       6,765  
Other Income     11       2,603       6,339       53,714,201       53,723,154  
Income (loss) before provision for income taxes     (134,030 )     (1,280,674 )     3,700,129       48,319,190       50,604,615  
Provision for income taxes (Expense)     —       —       —       (4,984,170 )     (4,984,170 )
Net income (loss) from continuing operations   $ (134,030 )   $ (1,280,674 )   $ 3,700,129     $ 43,335,020     $ 45,620,445  

  

 

Six Months ended June 30, 2025

  

The Company reclassified certain prior period balances to confirm to current period presentation related to Discontinued Operations. See Note 3 Discontinued Operations.

                               
    Technology Solutions     Data Center Hosting & Related Services     Services and Consulting     Corporate and Unallocated     Consolidated  
Net revenues   $  —     $ 8,000     $ 8,675,153     $ —     $ 8,683,153  
Cost of revenues     —       15,343       5,634,537       —       5,649,880  
Operating Expenses (excluding depreciation and amortization)     —       825,690       —       2,211,443       3,037,133  
Depreciation and amortization     —       68       —       —       68  
Stock Compensation     —       —       —       2,068,819       2,068,819  
Income (loss) from operations     —       (833,100 )     3,040,616       (4,280,262 )     (2,072,747 )
Interest Expense     —       (406,661 )     —       —       (406,661 )
Other Income      —       16,096       2,636       23,811       42,543  
Income (loss) before provision for income taxes     —       (1,223,666 )     3,043,252       (4,256,451 )     (2,436,865 )
Provision for income taxes     —       —       —       —       —  
Net income (loss) from continuing operations   $ —     $ (1,223,666 )   $ 3,043,252     $ (4,256,451 )   $ (2,436,865 )
Schedule of segment assets
           
    June 30,
2026		     December 31,
2025		  
Technologies (Assets held for sale)   $ 6,426,222     $ 6,342,772  
Technology Solutions     6,658,597       581,366  
Data Center Hosting & Related Services     102,393,324       28,024,994  
Services and Consulting     193,659       12,537,718  
Corporate and Unallocated     125,615,141       15,922,566  
    $ 241,286,943     $ 63,409,416