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NOTE 15 - SEGMENT: Schedule of Income, IoT labs located in US (Tables)
12 Months Ended
Dec. 31, 2020
Tables/Schedules  
Schedule of Income, IoT labs located in US

 

 

 

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)