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NOTE 11 - SEGMENT | 6 Months Ended
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Jun. 30, 2021
Segment Reporting [Abstract] |
NOTE 11 - SEGMENT | NOTE 11 - SEGMENT At June 30, 2021, 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 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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