| Schedule of Reclassifications |
The
following table reflects the reclassification adjustment effect in the three months ended March 31, 2020:
| |
|
Before
Reclassification |
|
|
|
|
After
Reclassification |
|
| |
|
For
the Three Months Ended |
|
|
|
|
For
the Three Months Ended |
|
| |
|
March
31, |
|
|
|
|
March
31, |
|
| |
|
2020 |
|
|
|
|
2020 |
|
| |
|
|
|
|
|
|
|
|
| REVENUES: |
|
|
|
|
REVENUES: |
|
|
|
| Technology
systems |
|
$ |
513,674 |
|
|
Technology systems |
|
$ |
513,674 |
|
| Technical
support |
|
|
345,187 |
|
|
Services and Consulting |
|
|
477,271 |
|
| Consulting |
|
|
132,084 |
|
|
— |
|
|
— |
|
| |
|
|
|
|
|
|
|
|
|
|
| Total
Revenue |
|
|
990,945 |
|
|
Total
Revenue |
|
|
990,945 |
|
| |
|
|
|
|
|
|
|
|
|
|
| COST OF
REVENUES: |
|
|
|
|
|
COST OF REVENUES: |
|
|
|
|
| Technology systems |
|
|
581,544 |
|
|
Technology systems |
|
|
1,092,058 |
|
| Technical
support |
|
|
234,276 |
|
|
Services and consulting |
|
|
293,954 |
|
| Consulting
services |
|
|
72,260 |
|
|
Overhead |
|
|
260,421 |
|
| |
|
|
|
|
|
|
|
|
|
|
| Total
Cost of Revenues |
|
|
888,080 |
|
|
Total
Cost of Revenues |
|
|
1,646,433 |
|
| |
|
|
|
|
|
|
|
|
|
|
| GROSS
MARGIN |
|
|
102,865 |
|
|
GROSS
MARGIN |
|
|
(655,488 |
) |
| |
|
|
|
|
|
|
|
|
|
|
| OPERATING
EXPENSES: |
|
|
|
|
|
OPERATING EXPENSES: |
|
|
|
|
| Sales
and marketing |
|
|
139,852 |
|
|
Sales and marketing |
|
|
139,852 |
|
| Engineering |
|
|
312,428 |
|
|
Research and development |
|
|
40,639 |
|
| Research
and development |
|
|
406,392 |
|
|
Administration |
|
|
1,251,936 |
|
| Administration |
|
|
1,015,559 |
|
|
— |
|
|
— |
|
| AI
technologies |
|
|
316,549 |
|
|
— |
|
|
— |
|
| |
|
|
|
|
|
|
|
|
|
|
| Total
Operating Expenses |
|
|
2,190,780 |
|
|
Total
Operating Expenses |
|
|
1,432,427 |
|
| |
|
|
|
|
|
|
|
|
|
|
| LOSS
FROM OPERATIONS |
|
$ |
(2,087,915 |
) |
|
LOSS FROM OPERATIONS |
|
$ |
(2,087,915 |
) |
|