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SEGMENT DATA
 6 Months Ended
Jun. 30, 2023
Segment Reporting [Abstract]  
SEGMENT DATA

NOTE 12 – SEGMENT DATA

 

Our portfolio of brands are included within two operating segments: Telehealth and WorkSimpli. We believe our current segments and brands within our segments complement one another and position us well for future growth. Relevant segment data for the three and six months ended June 30, 2023 and 2022 is as follows:

SCHEDULE OF RELEVANT SEGMENT DATA 

   2023   2022   2023   2022 
   Three Months Ended June 30,   Six Months Ended June 30, 
   2023   2022   2023   2022 
Telehealth                    
Revenue  $22,351,128   $22,267,963   $42,553,931   $44,866,024 
Gross margin   81.5%   80.0%   81.1%   78.7%
Operating loss  $(8,141,868)  $(13,210,799)  $ (13,143,226 )  $(26,482,656)
WorkSimpli                    
Revenue  $13,595,785   $8,190,535   $26,519,317   $14,635,311 
Gross margin   96.9%   97.8%   97.3%   97.7%
Operating income  $3,246,322   $306,674   $5,394,870   $471,516 
Consolidated                    
Revenue  $35,946,913   $30,458,498   $69,073,248   $59,501,335 
Gross margin   87.4%   84.8%   87.3%   83.4%
Operating loss  $(4,895,546)  $(12,904,125)  $(7,748,356)  $(26,011,140)

 

Relevant segment data as of June 30, 2023 and December 31, 2022 is as follows:

 

   June 30, 2023   December 31, 2022 
Total Assets          
Telehealth  $26,561,946   $18,163,464 
WorkSimpli   8,884,443    7,502,389 
Consolidated  $35,446,389   $25,665,853