| Schedule of Reclassifications |
| Schedule of Reclassifications |
|
|
|
|
|
|
|
|
| |
|
Before Reclassification |
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|
|
|
After Reclassification |
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| |
|
For the |
|
|
|
|
For the |
|
| |
|
Three Months Ended |
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|
|
|
Three Months Ended |
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| |
|
September 30, |
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|
September 30, |
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| |
|
2021 |
|
|
|
|
2021 |
|
| |
|
|
|
|
|
|
|
|
| REVENUES: |
|
|
|
|
|
REVENUES: |
|
|
|
|
| Technology systems |
|
$ |
1,153,150 |
|
|
Technology systems |
|
$ |
1,153,150 |
|
| Services and consulting |
|
|
587,307 |
|
|
Services and consulting |
|
|
587,307 |
|
| |
|
|
|
|
|
|
|
|
|
|
| Total Revenue |
|
|
1,740,457 |
|
|
Total Revenue |
|
|
1,740,457 |
|
| |
|
|
|
|
|
|
|
|
|
|
| COST OF REVENUES: |
|
|
|
|
|
COST OF REVENUES: |
|
|
|
|
| Technology systems |
|
|
1,869,812 |
|
|
Technology systems |
|
|
1,363,127 |
|
| Services and consulting |
|
|
277,054 |
|
|
Services and consulting |
|
|
305,669 |
|
| Overhead |
|
|
657,907 |
|
|
— |
|
|
— |
|
| |
|
|
|
|
|
|
|
|
|
|
| Total Cost of Revenues |
|
|
2,804,773 |
|
|
Total Cost of Revenues |
|
|
1,668,796 |
|
| |
|
|
|
|
|
|
|
|
|
|
| GROSS MARGIN |
|
|
(1,064,316 |
) |
|
GROSS MARGIN |
|
|
71,661 |
|
| |
|
|
|
|
|
|
|
|
|
|
| OPERATING EXPENSES: |
|
|
|
|
|
OPERATING EXPENSES: |
|
|
|
|
| Sales and marketing |
|
|
361,820 |
|
|
Sales and marketing |
|
|
361,820 |
|
| Research and development |
|
|
57,000 |
|
|
Research and development |
|
|
332,469 |
|
| General and administration |
|
|
963,357 |
|
|
General and administration |
|
|
1,823,865 |
|
| |
|
|
|
|
|
|
|
|
|
|
| Total Operating Expenses |
|
|
1,382,177 |
|
|
Total Operating Expenses |
|
|
2,518,154 |
|
| |
|
|
|
|
|
|
|
|
|
|
| LOSS FROM OPERATIONS |
|
$ |
(2,446,493 |
) |
|
LOSS FROM OPERATIONS |
|
$ |
(2,446,493 |
) |
The Company reclassified certain expenses for the
nine months ended September 30, 2021 to conform to the 2022 classification. There was no net effect on the total expenses of such reclassification.
The following tables reflect the reclassification
adjustment effect in the nine months ended September 30, 2021:
| |
|
Before Reclassification |
|
|
|
|
After Reclassification |
|
| |
|
For the |
|
|
|
|
For the |
|
| |
|
Nine Months Ended |
|
|
|
|
Nine Months Ended |
|
| |
|
September 30, |
|
|
|
|
September 30, |
|
| |
|
2021 |
|
|
|
|
2021 |
|
| |
|
|
|
|
|
|
|
|
| REVENUES: |
|
|
|
|
|
REVENUES: |
|
|
|
|
| Technology systems |
|
$ |
2,743,849 |
|
|
Technology systems |
|
$ |
2,743,849 |
|
| Services and consulting |
|
|
1,800,030 |
|
|
Services and consulting |
|
|
1,800,030 |
|
| |
|
|
|
|
|
|
|
|
|
|
| Total Revenue |
|
|
4,543,879 |
|
|
Total Revenue |
|
|
4,543,879 |
|
| |
|
|
|
|
|
|
|
|
|
|
| COST OF REVENUES: |
|
|
|
|
|
COST OF REVENUES: |
|
|
|
|
| Technology systems |
|
|
4,979,667 |
|
|
Technology systems |
|
|
3,162,866 |
|
| Services and consulting |
|
|
986,757 |
|
|
Services and consulting |
|
|
1,076,140 |
|
| Overhead |
|
|
1,754,731 |
|
|
— |
|
|
— |
|
| |
|
|
|
|
|
|
|
|
|
|
| Total Cost of Revenues |
|
|
7,721,155 |
|
|
Total Cost of Revenues |
|
|
4,239,006 |
|
| |
|
|
|
|
|
|
|
|
|
|
| GROSS MARGIN |
|
|
(3,177,276 |
) |
|
GROSS MARGIN |
|
|
304,873 |
|
| |
|
|
|
|
|
|
|
|
|
|
| OPERATING EXPENSES: |
|
|
|
|
|
OPERATING EXPENSES: |
|
|
|
|
| Sales and marketing |
|
|
1,024,872 |
|
|
Sales and marketing |
|
|
1,024,872 |
|
| Research and development |
|
|
197,164 |
|
|
Research and development |
|
|
1,163,341 |
|
| General and administration |
|
|
2,817,949 |
|
|
General and administration |
|
|
5,333,921 |
|
| |
|
|
|
|
|
|
|
|
|
|
| Total Operating Expenses |
|
|
4,039,985 |
|
|
Total Operating Expenses |
|
|
7,522,134 |
|
| |
|
|
|
|
|
|
|
|
|
|
| LOSS FROM OPERATIONS |
|
$ |
(7,217,261 |
) |
|
LOSS FROM OPERATIONS |
|
$ |
(7,217,261 |
) |
|