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Segment reporting | 6 Months Ended
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Jun. 30, 2024
Segment Reporting [Abstract] |
Segment reporting | Note 10 – Segment reporting The Company currently has two operating segments in addition to our corporate overhead, which involves the non-specific financing, executive expense, operations and investor relations of our public entity, and the general shared management and costs across the Company’s subsidiaries. First, Perfecular, AVX (doing business as Smart AVX) and Lusher jointly operate the “IoT Products” segment, which involves the wholesale, marketing, and production of our universal smart instruments and devices in the hydroponic and controlled agriculture segments and of our smart instruments into the commercial and home automation sectors. And second, AVX (exclusive of the smart IoT Products sales under Smart AVX) and AT Tech Systems cooperatively run our “IoT Installation Services” segment, which handles our IoT installation and management business specializing in high performance and easy to use audio/video systems, home theaters, lighting control, automation, and integration. The following tables summarize the financial information of each operating segment of the Company for the six months ended June 30, 2024:
Schedule of operating segment |  |  |  |  |  |  |  |  |  |  |  |
|  | For the Six Months Ended June 30, 2024 |
|  | Corporate |  |  | IoT Products |  |  | IoT Installation Services |  |  | Total |
Revenue |  | $ | – |  |  | $ | 190,739 |  |  | $ | 48,172 |  |  | $ | 238,911 |
Cost of revenue |  |  | – |  |  |  | 93,156 |  |  |  | 158,035 |  |  |  | 251,191 |
Gross profit (loss) |  |  | – |  |  |  | 97,583 |  |  |  | (109,863 | ) |  |  | (12,280 | )
Total operating expense |  |  | 2,637,653 |  |  |  | 32,028 |  |  |  | 16,986 |  |  |  | 2,686,667 |
Income (loss) from operations |  |  | (2,637,653 | ) |  |  | 65,555 |  |  |  | (126,849 | ) |  |  | (2,698,947 | )
Total other income (expense) |  |  | 15,176 |  |  |  | 907 |  |  |  | 2,161 |  |  |  | 18,244 |
Net income (loss) |  | $ | (2,622,477 | ) |  | $ | 66,462 |  |  | $ | (124,688 | ) |  | $ | (2,680,703 | )
The following tables summarize the financial information of each operating segment of the Company for the six months ended June 30, 2023:
|  | For the Six Months Ended June 30, 2023 |
|  | Corporate |  |  | IoT Products |  |  | IoT Installation Services |  |  | Total |
Revenue |  | $ | – |  |  | $ | 78,148 |  |  | $ | 373,338 |  |  | $ | 451,486 |
Cost of revenue |  |  | – |  |  |  | 56,355 |  |  |  | 273,648 |  |  |  | 330,003 |
Gross profit |  |  | – |  |  |  | 21,793 |  |  |  | 99,690 |  |  |  | 121,483 |
Total operating expense |  |  | 2,290,714 |  |  |  | 41,038 |  |  |  | 102,191 |  |  |  | 2,433,943 |
Loss from operations |  |  | (2,290,714 | ) |  |  | (19,245 | ) |  |  | (2,501 | ) |  |  | (2,312,460 | )
Total other income (expense) |  |  | 181,483 |  |  |  | 2,002 |  |  |  | (3,434 | ) |  |  | 180,051 |
Net loss |  | $ | (2,109,231 | ) |  | $ | (17,243 | ) |  | $ | (5,935 | ) |  | $ | (2,132,409 | )

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- Definition The entire disclosure for reporting segments including data and tables. 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