Schedule of Reclassifications |
Schedule of Reclassifications |
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Before Reclassification |
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After Reclassification |
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For the |
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For the |
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Three Months Ended |
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Three Months Ended |
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March 31, |
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March 31, |
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2021 |
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2021 |
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REVENUES: |
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REVENUES: |
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Technology systems |
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$ |
1,490,298 |
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Technology systems |
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$ |
1,490,298 |
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Services and consulting |
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664,456 |
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Services and consulting |
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664,456 |
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Total Revenue |
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2,154,754 |
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Total Revenue |
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2,154,754 |
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COST OF REVENUES: |
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COST OF REVENUES: |
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Technology systems |
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1,895,485 |
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Technology systems |
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1,293,608 |
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Services and consulting |
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331,384 |
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Services and consulting |
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358,172 |
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Overhead |
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503,593 |
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— |
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— |
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Total Cost of Revenues |
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2,730,462 |
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Total Cost of Revenues |
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1,651,780 |
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GROSS MARGIN |
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(575,708) |
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GROSS MARGIN |
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502,974 |
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OPERATING EXPENSES: |
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OPERATING EXPENSES: |
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Sales and marketing |
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311,801 |
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Sales and marketing |
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311,801 |
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Research and development |
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61,033 |
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Research and development |
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359,127 |
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General and administration |
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873,758 |
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General and administration |
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1,654,346 |
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Total Operating Expenses |
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1,246,592 |
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Total Operating Expenses |
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2,325,274 |
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LOSS FROM OPERATIONS |
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$ |
(1,822,300 |
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LOSS FROM OPERATIONS |
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$ |
(1,822,300 |
) |
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