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NOTE 11 - SEGMENT (Tables) | 6 Months Ended
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Jun. 30, 2021
Segment Reporting [Abstract] |
NOTE 11 - SEGMENT - Schedule of Operating Activities by Geographic Segment | The following table shows operating activities information by geographic segment for the three and six months ended June 30, 2021 and 2020: Three months ended June 30, 2021 NOTE 11 - SEGMENT - Schedule of Operating Activities by Geographic Segment (Details)
|  | USA |  | Switzerland |  | Elimination |  | Total
Revenues |  | $ | 14,990,382 |  |  |  | 1,149,183 |  |  | $ | (11,198 | ) |  | $ | 16,128,367 |
Cost of revenue |  |  | 15,074,899 |  |  |  | 1,020,101 |  |  |  | (11,198 | ) |  |  | 16,083,802 |
Gross profit |  |  | (84,517 | ) |  |  | 129,082 |  |  |  | — |  |  |  | 44,565 |
Operating expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
General and administration |  |  | 1,022,625 |  |  |  | 186,542 |  |  |  | — |  |  |  | 1,209,167 |
Operating loss |  |  | (1,107,142 | ) |  |  | (57,460 | ) |  |  | — |  |  |  | (1,164,602 | )
Other income (expense) |  |  | 47,030 |  |  |  | (4,800 | ) |  |  | — |  |  |  | 42,230 |
Net loss |  | $ | (1,060,112 | ) |  | $ | (62,260 | ) |  | $ | — |  |  | $ | (1,122,372 | )
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 |
Six months ended June 30, 2021
|  | USA |  | Switzerland |  | Elimination |  | Total
Revenues |  | $ | 28,057,392 |  |  |  | 2,284,985 |  |  | $ | (16,399 | ) |  | $ | 30,325,978 |
Cost of revenue |  |  | 27,780,959 |  |  |  | 2,029,483 |  |  |  | (16,399 | ) |  |  | 29,794,043 |
Gross profit |  |  | 276,433 |  |  |  | 255,502 |  |  |  | — |  |  |  | 531,935 |
Operating expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
General and administration |  |  | 2,338,741 |  |  |  | 368,537 |  |  |  | — |  |  |  | 2,707,278 |
Operating loss |  |  | (2,062,308 | ) |  |  | (113,035 | ) |  |  | — |  |  |  | (2,175,343 | )
Other income (expense) |  |  | (840,841 | ) |  |  | 15,323 |  |  |  | — |  |  |  | (825,518 | )
Net loss |  | $ | (2,903,149 | ) |  | $ | (97,712 | ) |  | $ | — |  |  | $ | (3,000,861 | )
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 loss |  | $ | (2,504,937 | ) |  | $ | (26,801 | ) |  | $ | — |  |  | $ | (2,531,738 | )
Asset Information The following table shows asset information by geographic segment as of June 30, 2021 and December 31, 2020:
June 30, 2021 |  | USA |  | Switzerland |  | Elimination |  | Total
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current assets |  | $ | 3,761,686 |  |  | $ | 2,025,461 |  |  | $ | (223,698 | ) |  | $ | 5,563,449
Non-current assets |  | $ | 4,339,837 |  |  | $ | 541,504 |  |  | $ | (2,509,562 | ) |  | $ | 2,371,779
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities |  | $ | 1,919,269 |  |  | $ | 2,492,336 |  |  | $ | (223,698 | ) |  | $ | 4,187,907
Non-current liabilities |  | $ | — |  |  | $ | 290,716 |  |  | $ | — |  |  | $ | 290,716
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

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- Definition Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 22 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8736-108599 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 25 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8813-108599 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 350 -SubTopic 20 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 30 -URI http://asc.fasb.org/extlink&oid=123359005&loc=d3e8906-108599 + Details
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