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NOTE 15 - SEGMENT | 12 Months Ended
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Dec. 31, 2020
Notes |
NOTE 15 - SEGMENT | NOTE 15 - SEGMENT At December 31, 2020, the Company operates in one industry segment, telecommunication services, and two geographic segments, USA and Switzerland, where current assets and equipment are located. Operating Activities The following table shows operating activities information by geographic segment for the years ended December 31, 2020 and 2019:
|  | USA |  | Switzerland |  | Elimination |  | Total
Revenues | $ | 39,495,542 |  | 5,432,022 | $ | (17,558) | $ | 44,910,006
Cost of revenue |  | 39,308,347 |  | 4,656,865 |  | (17,558) |  | 43,947,654
Gross profit |  | 187,195 |  | 775,157 |  | - |  | 962,352
Operating expenses |  |  |  |  |  |  |  |
General and administration |  | 3,359,237 |  | 815,130 |  | - |  | 4,174,367
Operating loss |  | (3,172,042) |  | (39,973) |  | - |  | (3,212,015)
Other expense |  | (3,356,881) |  | (130,434) |  | - |  | (3,487,315)
Net loss | $ | (6,528,923) | $ | (170,407) | $ | - | $ | (6,699,330)
|  | USA |  | Switzerland |  | Elimination |  | Total
Revenues | $ | 16,327,871 |  | 1,726,359 | $ | (22,682) | $ | 18,031,548
Cost of revenue |  | 15,796,310 |  | 1,476,995 |  | (22,682) |  | 17,250,623
Gross profit |  | 531,561 |  | 249,364 |  | - |  | 780,925
Operating expenses |  |  |  |  |  |  |  |
General and administration |  | 1,189,680 |  | 259,944 |  | - |  | 1,449,624
Operating loss |  | (658,119) |  | (10,580) |  | - |  | (668,699)
Other expense |  | (4,753,739) |  | (20,300) |  | - |  | (4,774,039)
Net loss | $ | (5,411,858) | $ | (30,880) | $ | - | $ | (5,442,738)
Asset Information The following table shows asset information by geographic segment as of December 31, 2020 and 2019:
December 31, 2020 |  | USA |  | Switzerland |  | Elimination |  | Total
Assets |  |  |  |  |  |  |  |
Current assets | $ | 3,245,725 | $ | 1,225,399 | $ | (889,540) | $ | 3,581,584
Non-current assets | $ | 3,478,147 | $ | 561,551 | $ | (1,669,515) | $ | 2,370,183
Liabilities |  |  |  |  |  |  |  |
Current liabilities | $ | 5,630,060 | $ | 3,171,419 | $ | (889,540) | $ | 7,911,939
Non-current liabilities | $ | 2,816 | $ | 432,048 | $ | - | $ | 434,864
December 31, 2019 |  | USA |  | Switzerland |  | Elimination |  | Total
Assets |  |  |  |  |  |  |  |
Current assets | $ | 3,073,654 | $ | 1,174,856 | $ | (810,013) | $ | 3,438,497
Non-current assets | $ | 3,146,894 | $ | 456,070 | $ | (1,438,515) | $ | 2,164,449
Liabilities |  |  |  |  |  |  |  |
Current liabilities | $ | 9,041,421 | $ | 2,914,237 | $ | (810,013) | $ | 11,145,645
Non-current liabilities | $ | 11,442 | $ | 216,274 | $ | - | $ | 227,716

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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 http://asc.fasb.org/extlink&oid=120311839&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 http://asc.fasb.org/extlink&oid=120311839&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 http://asc.fasb.org/extlink&oid=120311839&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 http://asc.fasb.org/extlink&oid=120311839&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 http://asc.fasb.org/extlink&oid=120311839&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 http://asc.fasb.org/extlink&oid=120311839&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 http://asc.fasb.org/extlink&oid=120311839&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 http://asc.fasb.org/extlink&oid=120311839&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 http://asc.fasb.org/extlink&oid=120311839&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 http://asc.fasb.org/extlink&oid=120311839&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 http://asc.fasb.org/extlink&oid=120311839&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 http://asc.fasb.org/extlink&oid=120311839&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 http://asc.fasb.org/extlink&oid=120311839&loc=d3e8721-108599 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -URI http://asc.fasb.org/topic&trid=2134510 + Details
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