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SEGMENT RESULTS | 9 Months Ended
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Sep. 30, 2022
SEGMENT RESULTS [Abstract] |
SEGMENT RESULTS |
Note 16 | SEGMENT RESULTS
The Company provides innovative software solutions, proprietary data and predictive analytics to optimize the operational, clinical and financial performance of its customers within the healthcare and cannabis industries. ASC 280 requires that public companies report profits and losses and certain other information on their “reportable operating segments” in their annual and interim financial statements. The internal organization used by the public company’s Chief Operating Decision Maker (CODM) to assess performance and allocate resources determines the basis for reportable operating segments. The Company’s CODM is the Chief Executive Officer. The CODM evaluates financial performance based on Revenues and Operating Income. The CODM does not review assets by operating segment for the purposes of assessing performance or allocated resources. The Company has three operating and reportable segments, which are consistent with its reporting units as follows: The “Information and Software” segment licenses information and software products to customers. Revenues in this segment are currently derived from customers in the healthcare or cannabis industries; however, the Company’s information may be licensed to other customer segments as the Company leverages its analytics platform. The “Services” segment provides implementation, support and training on a contractual basis to customers. Revenues in this segment are primarily generated from the operation of cannabis related “seed to sale” traceability platforms for government entities. The “Other” segment consists of certain other business operations, primarily in security and marketing services. The following represents selected information for the Company’s reportable segments:
|  | For the Three Months Ended September 30, |  |  | For the Nine Months Ended September 30, |
|  | 2022 |  |  | 2021 |  |  | 2022 |  |  | 2021 |
Information and Software |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 6,780,680 |  |  | $ | 4,489,177 |  |  | $ | 18,674,213 |  |  | $ | 9,661,826 |
Costs and expenses |  |  | 7,229,791 |  |  |  | 7,661,631 |  |  |  | 22,035,166 |  |  |  | 17,813,947 |
Loss from operations |  | $ | (449,111 | ) |  | $ | (3,172,454 | ) |  | $ | (3,360,953 | ) |  | $ | (8,152,121 | )
Total other income/(expense) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Loss before income taxes |  | $ | (449,111 | ) |  | $ | (3,172,454 | ) |  | $ | (3,360,953 | ) |  | $ | (8,152,121 | )
Services |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 341,173 |  |  | $ | 269,753 |  |  | $ | 1,168,034 |  |  | $ | 858,400 |
Costs and expenses |  |  | 270,172 |  |  |  | 369,507 |  |  |  | 869,525 |  |  |  | 755,627 |
Income (loss) from operations |  | $ | 71,001 |  |  | $ | (99,754 | ) |  | $ | 298,509 |  |  | $ | 102,773 |
Total other income/(expense) |  |  | — |  |  |  | — |  |  |  | — |  |  |  | — |
Income (loss) before income taxes |  | $ | 71,001 |  |  | $ | (99,754 | ) |  | $ | 298,509 |  |  | $ | 102,773 |
Other |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 54,475 |  |  | $ | 202,825 |  |  | $ | 259,618 |  |  | $ | 610,123 |
Costs and expenses |  |  | 137,465 |  |  |  | 228,014 |  |  |  | 559,342 |  |  |  | 698,001 |
Loss from operations |  | $ | (82,990 | ) |  | $ | (25,189 | ) |  | $ | (299,724 | ) |  | $ | (87,878 | )
Total other income/(expense) |  |  | — |  |  |  | (275 | ) |  |  | 50 |  |  |  | (607 | )
Loss before income taxes |  | $ | (82,990 | ) |  | $ | (25,464 | ) |  | $ | (299,674 | ) |  | $ | (88,485 | )
Centrally Managed Costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Costs and expenses |  |  | 4,490,257 |  |  |  | 4,051,504 |  |  |  | 19,096,021 |  |  |  | 11,313,140 |
Loss from operations |  | $ | (4,490,257 | ) |  | $ | (4,051,504 | ) |  | $ | (19,096,021 | ) |  | $ | (11,313,140 | )
Total other income/(expense) |  |  | (166,267 | ) |  |  | 327,454 |  |  |  | 62,882 |  |  |  | 948,658 |
Loss before income taxes |  | $ | (4,656,524 | ) |  | $ | (3,724,050 | ) |  | $ | (19,033,139 | ) |  | $ | (10,364,482 | )
Income tax expense |  |  | (10,000 | ) |  |  | — |  |  |  | (20,000 | ) |  |  | — |
Net loss |  | $ | (4,666,524 | ) |  | $ | (3,724,050 | ) |  | $ | (19,053,139 | ) |  | $ | (10,364,482 | )
Totals |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 7,176,328 |  |  | $ | 4,961,755 |  |  | $ | 20,101,865 |  |  | $ | 11,130,349 |
Costs and expenses |  |  | 12,127,685 |  |  |  | 12,310,656 |  |  |  | 42,560,054 |  |  |  | 30,580,715 |
Loss from operations |  | $ | (4,951,357 | ) |  | $ | (7,348,901 | ) |  | $ | (22,458,189 | ) |  | $ | (19,450,366 | )
Total other income/(expense) |  |  | (166,267 | ) |  |  | 327,179 |  |  |  | 62,932 |  |  |  | 948,051 |
Loss before income taxes |  | $ | (5,117,624 | ) |  | $ | (7,021,722 | ) |  | $ | (22,395,257 | ) |  | $ | (18,502,315 | )
Income tax expense |  |  | (10,000 | ) |  |  | — |  |  |  | (20,000 | ) |  |  | — |
Net loss |  | $ | (5,127,624 | ) |  | $ | (7,021,722 | ) |  | $ | (22,415,257 | ) |  | $ | (18,502,315 | )
Approximately 99% of the Company’s revenues were attributable to customers in the United States for the three and nine months ended September 30, 2022. Approximately 97% of revenues were attributable to customers in the United States for the three and nine months ended September 30, 2021.

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 31 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8924-108599 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 34 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8981-108599 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 40 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9031-108599 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (f) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 26 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8844-108599 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9038-108599 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 32 -Subparagraph (d) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8933-108599 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 42 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e9054-108599 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 15 -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8657-108599 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 21 -Subparagraph (b) -URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI https://asc.fasb.org/topic&trid=2134510 + Details
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