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NOTE 15 - SEGMENT: Schedule of operating activities information by geographic segment (Tables)
 6 Months Ended
Jun. 30, 2020
Tables/Schedules  
Schedule of operating activities information by geographic segment The following table shows operating activities information by geographic segment for the three and six months ended June 30, 2020 and 2019:

 

Three months Ended June 30, 2020

 

 

 

USA

 

Switzerland

 

Elimination

 

Total

Revenues

$

9,947,837

$

1,183,087

$

(838)

$

11,130,086

Cost of revenue

 

9,387,289

 

1,011,327

 

(838)

 

10,397,778

Gross profit

 

560,548

 

171,760

 

-

 

732,308

 

 

 

 

 

 

 

 

 

Operating expenses

 

 

 

 

 

 

 

 

General and administration

 

741,967

 

163,049

 

-

 

905,016

Operating income (loss)

 

(181,419)

 

8,711

 

-

 

(172,708)

Other income (expense)

 

1,547,495

 

2,678

 

-

 

1,550,173

Net income

$

1,366,076

$

11,389

$

-

$

1,377,465

 

Three months Ended June 30, 2019

 

 

 

USA

 

Switzerland

 

Elimination

 

Total

Revenues

$

4,253,359

$

-

$

-

$

4,253,359

Cost of revenue

 

4,345,087

 

-

 

-

 

4,345,087

Gross profit

 

(91,728)

 

-

 

-

 

(91,728)

 

 

 

 

 

 

 

 

 

Operating expenses

 

 

 

 

 

 

 

 

General and administration

 

341,553

 

-

 

-

 

341,553

Operating income (loss)

 

(433,281)

 

-

 

-

 

(433,281)

Other income (expense)

 

(50,960)

 

-

 

-

 

(50,960)

Net income

$

(484,241)

$

-

$

-

$

(484,241)

 

Six months Ended June 30, 2020

 

 

 

USA

 

Switzerland

 

Elimination

 

Total

Revenues

$

13,768,370

$

2,381,204

$

(2,076)

$

16,147,498

Cost of revenue

 

13,508,472

 

2,069,935

 

(2,076)

 

15,576,331

Gross profit

 

259,898

 

311,269

 

-

 

571,167

 

 

 

 

 

 

 

 

 

Operating expenses

 

 

 

 

 

 

 

 

General and administration

 

1,874,059

 

328,484

 

-

 

2,202,543

Operating income (loss)

 

(1,614,161)

 

(17,215)

 

-

 

(1,631,376)

Other income (expense)

 

(890,776)

 

(9,586)

 

-

 

(900,362)

Net income

$

(2,504,937)

$

(26,801)

$

-

$

(2,531,738)

 

Six months Ended June 30, 2019

 

 

 

USA

 

Switzerland

 

Elimination

 

Total

Revenues

$

8,416,562

$

-

$

-

$

8,416,562

Cost of revenue

 

8,072,713

 

-

 

-

 

8,072,713

Gross profit

 

343,849

 

-

 

-

 

343,849

 

 

 

 

 

 

 

 

 

Operating expenses

 

 

 

 

 

 

 

 

General and administration

 

532,060

 

-

 

-

 

532,060

Operating income (loss)

 

(188,211)

 

-

 

-

 

(188,211)

Other income (expense)

 

(1,321,608)

 

-

 

-

 

(1,321,608)

Net income

$

(1,509,819)

$

-

$

-

$

(1,509,819)