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SEGMENTING REPORTING (Tables) | 3 Months Ended
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Mar. 31, 2023
Segment Reporting [Abstract] |
SCHEDULE OF BUSINESS SEGMENTS | For the three months ended March 31, 2022, the Company had only one operating segment (corrugated) thus segment info for this period is not presented. Segment information available with respect to these reportable business segments for the three months ended March 31, 2023 was as follows: SCHEDULE OF BUSINESS SEGMENTS
|  | 2023 |
|  | For the Three Months Ended March 31,
|  | 2023 |
Revenues: |  |  |  |
Inventory Management Solutions |  | $ | 13,948,341 |
Corrugated |  |  | 1,941,374 |
Total segment and consolidated revenues |  | $ | 15,889,715 |
Cost of revenues: |  |  |  |
Inventory Management Solutions |  | $ | 12,634,589 |
Corrugated |  |  | 1,436,034 |
Total segment and consolidated cost of revenues |  | $ | 14,070,623 |
Gross profit: |  |  |  |
Inventory Management Solutions |  | $ | 1,313,752 |
Corrugated |  |  | 505,340 |
Total segment and consolidated gross profit |  | $ | 1,819,092 |
Income from operations: |  |  |  |
Inventory Management Solutions |  | $ | (492,234 | )
Corrugated |  |  | 145,582 |
Corporate |  |  | (3,183,687 | )
Total segment and consolidated income from operations |  | $ | (3,530,339 | )
Depreciation and amortization: |  |  |  |
Inventory Management Solutions |  | $ | 576,580 |
Corrugated |  |  | 49,497 |
Total segment and consolidated depreciation and amortization |  | $ | 626,077 |
Revenues by geography: |  |  |  |
North America |  | $ | 3,287,404 |
Europe |  |  | 12,602,311 |
Total geography and consolidated revenues |  | $ | 15,889,715 |
Segment capital expenditures: |  |  |  |
Inventory Management Solutions |  | $ | - |
Corrugated |  |  | 36,308 |
Corporate |  |  | - |
Total segment and consolidated capital expenditures |  | $ | 36,308 |
Segment total assets: |  |  |  |
Inventory Management Solutions |  | $ | 50,777,175 |
Corrugated |  |  | 2,494,147 |
Corporate |  |  | 7,483,064 |
Total segment and consolidated assets |  | $ | 60,754,386 |

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- Definition Tabular disclosure of goodwill in a business combination. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 30 -Topic 805 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479581/805-30-50-1 + Details
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- References No definition available. + Details
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