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NOTE 11 - SEGMENT (Tables)

9 Months Ended

Sep. 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 nine months ended September 30, 2021 and 2020:

Three months ended September 30, 2021

NOTE 11 - SEGMENT - Schedule of Operating Activities by Geographic Segment

		USA				Switzerland				Elimination				Total
Revenues		$	15,347,282				1,189,230			$	(19,773	)		$	16,516,739
Cost of revenue			14,706,065				989,395				(19,773	)			15,675,687
Gross profit			641,217				199,835				—				841,052
Operating expenses
General and administration			738,578				218,617				—				957,195
Operating loss			(97,361	)			(18,782	)			—				(116,143)
Other income			1,525				3,400				—				4,925
Net loss		$	(95,836	)		$	(15,382	)		$	—			$	(111,218)

Three months Ended September 30, 2020

		USA				Switzerland				Elimination				Total
Revenues		$	11,763,153			$	1,535,881			$	(7,336	)		$	13,291,698
Cost of revenue			11,830,752				1,335,269				(7,336	)			13,158,685
Gross profit			(67,599	)			200,612				—				133,013
Operating expenses
General and administration			784,662				174,125				—				958,787
Operating income (loss)			(852,261	)			26,487				—				(825,774)
Other expense			(131,391	)			(13,060	)			—				(144,451)
Net income (loss)		$	(983,652	)		$	13,427			$	—			$	(970,225)

Nine months ended September 30, 2021

		USA				Switzerland				Elimination				Total
Revenues		$	43,404,674				3,474,215			$	(36,172	)		$	46,842,717
Cost of revenue			42,487,024				3,018,878				(36,172	)			45,469,730
Gross profit			917,650				455,337				—				1,372,987
Operating expenses
General and administration			3,077,319				587,154				—				3,664,473
Operating loss			(2,159,669	)			(131,817	)			—				(2,291,486)
Other income (expense)			(839,316	)			18,723				—				(820,593)
Net loss		$	(2,998,985	)		$	(113,094	)		$	—			$	(3,112,079)

Nine months ended September 30, 2020

		USA				Switzerland				Elimination				Total
Revenues		$	25,531,523			$	3,917,085			$	(9,412	)		$	29,439,196
Cost of revenue			25,339,224				3,405,204				(9,412	)			28,735,016
Gross profit			192,299				511,881				—				704,180
Operating expenses
General and administration			2,658,721				502,609				—				3,161,330
Operating income (loss)			(2,466,422	)			9,272				—				(2,457,150)
Other expense			(1,022,167	)			(22,646	)			—				(1,044,813)
Net loss		$	(3,488,589	)		$	(13,374	)		$	—			$	(3,501,963)

Asset Information

The following table shows asset information by geographic segment as of September 30, 2021 and December 31, 2020:

September 30, 2021		USA				Switzerland				Elimination				Total
Assets
Current assets		$	3,528,658			$	1,898,777			$	(225,075	)		$	5,202,360
Non-current assets		$	4,414,010			$	546,619			$	(2,584,562	)		$	2,376,067
Liabilities
Current liabilities		$	1,746,712			$	2,394,680			$	(225,075	)		$	3,916,317
Non-current liabilities		$	—			$	278,779			$	—			$	278,779

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

X

- 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
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Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
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-Publisher FASB
-Name Accounting Standards Codification
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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

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