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NOTE 14 - SEGMENT: Schedule of operating activities information by geographic segment (Tables)
 9 Months Ended
Sep. 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 nine months ended September 30, 2020 and 2019:

 

Three months Ended September 30, 2020

 

 

USA

 

Switzerland

 

Elimination

 

Total

Revenues

$

11,763,153

 

$

1,535,881

 

$

(7,336)

 

$

13,291,698

Cost of revenue

 

11,830,752

 

 

1,335,269

 

 

(7,336)

 

 

13,158,685

Gross profit

 

(67,599)

 

 

200,612

 

 

-

 

 

133,013

 

 

 

 

 

 

 

 

 

 

 

 

Operating expenses

 

 

 

 

 

 

 

 

 

 

 

General and administration

 

784,662

 

 

174,125

 

 

-

 

 

958,787

 

 

 

 

 

 

 

 

 

 

 

 

Operating income (loss)

 

(852,261)

 

 

26,487

 

 

-

 

 

(825,774)

 

 

 

 

 

 

 

 

 

 

 

 

Other income (expense)

 

(131,391)

 

 

(13,060)

 

 

-

 

 

(144,451)

Net income

$

(983,652)

 

$

13,427

 

$

-

 

$

(970,225)

 

Three months Ended September 30, 2019

 

 

USA

 

Switzerland

 

Elimination

 

Total

Revenues

$

3,637,957

 

$

534,590

 

$

-

 

$

4,172,547

Cost of revenue

 

3,486,658

 

 

442,479

 

 

-

 

 

3,929,137

Gross profit

 

151,299

 

 

92,111

 

 

-

 

 

243,410

 

 

 

 

 

 

 

 

 

 

 

 

Operating expenses

 

 

 

 

 

 

 

 

 

 

 

General and administration

 

380,146

 

 

112,636

 

 

-

 

 

492,782

 

 

 

 

 

 

 

 

 

 

 

 

Operating income (loss)

 

(228,847)

 

 

(20,525)

 

 

-

 

 

(249,372)

 

 

 

 

 

 

 

 

 

 

 

 

Other income (expense)

 

(3,256,348)

 

 

(12,303)

 

 

-

 

 

(3,268,651)

 

 

 

 

 

 

 

 

 

 

 

 

Income credit

 

-

 

 

852

 

 

-

 

 

852

Net loss

$

(3,485,195)

 

$

(31,976)

 

$

-

 

$

(3,517,171)

 

Nine months Ended September 30, 2020

 

 

USA

 

Switzerland

 

Elimination

 

Total

Revenues

$

25,531,523

 

$

3,917,085

 

$

(9,412)

 

$

29,439,196

Cost of revenue

 

25,339,224

 

 

3,405,204

 

 

(9,412)

 

 

28,735,016

Gross profit

 

192,299

 

 

511,881

 

 

-

 

 

704,180

 

 

 

 

 

 

 

 

 

 

 

 

Operating expenses

 

 

 

 

 

 

 

 

 

 

 

General and administration

 

2,658,721

 

 

502,609

 

 

-

 

 

3,161,330

 

 

 

 

 

 

 

 

 

 

 

 

Operating income (loss)

 

(2,466,422)

 

 

9,272

 

 

-

 

 

(2,457,150)

 

 

 

 

 

 

 

 

 

 

 

 

Other income (expense)

 

(1,022,167)

 

 

(22,646)

 

 

-

 

 

(1,044,813)

Net loss

$

(3,488,589)

 

$

(13,374)

 

$

-

 

$

(3,501,963)

 

Nine months Ended September 30, 2019

 

 

USA

 

Switzerland

 

Elimination

 

Total

Revenues

$

12,054,519

 

$

534,590

 

$

-

 

$

12,589,109

Cost of revenue

 

11,559,371

 

 

442,479

 

 

-

 

 

12,001,850

Gross profit

 

495,148

 

 

92,111

 

 

-

 

 

587,259

 

 

 

 

 

 

 

 

 

 

 

 

Operating expenses

 

 

 

 

 

 

 

 

 

 

 

General and administration

 

912,206

 

 

112,636

 

 

-

 

 

1,024,842

 

 

 

 

 

 

 

 

 

 

 

 

Operating income (loss)

 

(417,058)

 

 

(20,525)

 

 

-

 

 

(437,583)

 

 

 

 

 

 

 

 

 

 

 

 

Other income (expense)

 

(4,577,956)

 

 

(12,303)

 

 

-

 

 

(4,590,259)

 

 

 

 

 

 

 

 

 

 

 

 

Income credit

 

-

 

 

852

 

 

-

 

 

852

Net loss

$

(4,995,014)

 

$

(31,976)

 

$

-

 

$

(5,026,990)