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NOTE 15 - SEGMENT
 12 Months Ended
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