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NOTE 15 - SEGMENT - USD ($)
 3 Months Ended 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
Segment Reporting Information [Line Items]        
NOTE 15 - SEGMENT    

NOTE 15 - SEGMENT

 

At December 31, 2021 and 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, 2021 and 2020:

 

Year ended December 31, 2021

                                 
   USA  Switzerland  Elimination  Total
Revenues  $60,112,852    4,681,978   $(92,812)  $64,702,018 
Cost of revenue   59,274,781    3,986,334    (92,812)   63,168,303 
Gross profit   838,071    695,644    —      1,533,715 
                     
Operating expenses                    
General and administration   3,733,579    784,052    —      4,517,631 
                     
Operating income (loss)   (2,895,508)   (88,408)   —      (2,983,916)
                     
Other income (expense)   (897,507)   17,422    —      (880,085)
                     
Net income (loss)  $(3,793,015)  $(70,986)  $—     $(3,864,001)

 

 

Year ended December 31, 2020

                                 
   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)

 

Asset Information

 

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

                                 
December 31, 2021  USA  Switzerland  Elimination  Total
Assets                    
Current assets  $5,783,859   $997,216   $(214,551)  $6,566,524 
Non-current assets  $4,468,491   $609,189   $(2,584,562)  $2,493,118 
Liabilities                    
Current liabilities  $1,070,972   $1,506,594   $(214,551)  $2,363,015 
Non-current liabilities  $—     $275,729   $—     $275,729 

 

                                 
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 

 

  
Revenues $ 64,702,018 $ 44,910,006 $ 64,702,018 $ 44,910,006
Cost of revenue 63,168,303 43,947,654 63,168,303 43,947,654
Gross profit 1,533,715 962,352 1,533,715 962,352
Operating expenses        
General and administration 4,517,631 4,174,367 4,517,631 4,174,367
Operating loss (2,983,916) (3,212,015) (2,983,916) (3,212,015)
Other expense (880,085) (3,487,315) (880,085) (3,487,315)
 Net loss (3,864,001) (6,699,330) (3,864,001) (6,699,482)
Assets        
Current assets 6,566,524 3,581,584 6,566,524 3,581,584
Non-current assets 2,493,118 2,370,183 2,493,118 2,370,183
Liabilities        
Current liabilities 2,363,015 7,911,939 2,363,015 7,911,939
Non-current liabilities 275,729 434,864 275,729 434,864
U S A [Member]        
Segment Reporting Information [Line Items]        
Revenues 60,112,852 39,495,542    
Cost of revenue 59,274,781 39,308,347    
Gross profit 838,071 187,195    
Operating expenses        
General and administration 3,733,579 3,359,237    
Operating loss (2,895,508) (3,172,042)    
Other expense (897,507) (3,356,881)    
 Net loss (3,793,015) (6,528,923)    
Assets        
Current assets 5,783,859 3,245,725 5,783,859 3,245,725
Non-current assets 4,468,491 3,478,147 4,468,491 3,478,147
Liabilities        
Current liabilities 1,070,972 5,630,060 1,070,972 5,630,060
Non-current liabilities 2,816 2,816
Switzerland [Member]        
Segment Reporting Information [Line Items]        
Revenues 4,681,978 5,432,022    
Cost of revenue 3,986,334 4,656,865    
Gross profit 695,644 775,157    
Operating expenses        
General and administration 784,052 815,130    
Operating loss (88,408) (39,973)    
Other expense 17,422 (130,434)    
 Net loss (70,986) (170,407)    
Assets        
Current assets 997,216 1,225,399 997,216 1,225,399
Non-current assets 609,189 561,551 609,189 561,551
Liabilities        
Current liabilities 1,506,594 3,171,419 1,506,594 3,171,419
Non-current liabilities 275,729 432,048 275,729 432,048
Elimination [Member]        
Segment Reporting Information [Line Items]        
Revenues (92,812) (17,558)    
Cost of revenue (92,812) (17,558)    
Gross profit    
Operating expenses        
General and administration    
Operating loss    
Other expense    
 Net loss    
Assets        
Current assets (214,551) (889,540) (214,551) (889,540)
Non-current assets (2,584,562) (1,669,515) (2,584,562) (1,669,515)
Liabilities        
Current liabilities (214,551) (889,540) (214,551) (889,540)
Non-current liabilities