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NOTE 15 - SEGMENT - USD ($)
 3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Dec. 31, 2021
Jun. 30, 2021
Dec. 31, 2020
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2021
Dec. 31, 2020
Segment Reporting Information [Line Items]                
NOTE 15 - SEGMENT        

NOTE 11 - SEGMENTS

 

At June 30, 2022, 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, 2022 and 2021:

 

Three months ended June 30, 2022

NOTE 11 - SEGMENT Schedule of Operating Activities by Geographic Segment

                                 
   USA  Switzerland  Elimination  Total
Revenues  $23,059,647    1,236,823   $(596,754)  $23,699,716 
Cost of revenue   22,418,046    1,032,150    (596,754)   22,853,442 
Gross profit   641,601    204,673    —      846,274 
                     
Operating expenses                    
General and administration   921,793    222,659    —      1,144,452 
                     
Operating loss   (280,192)   (17,986)   —      (298,178)
                     
Other income (expense)   13,314    (593)   —      12,721 
                     
Net loss  $(266,878)  $(18,579)  $—     $(285,457)

 

Three months Ended June 30, 2021

                                 
   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)

 

 

Six months ended June 30, 2022

                                 
   USA  Switzerland  Elimination  Total
Revenues  $41,534,760    2,262,903   $(678,636)  $43,119,027 
Cost of revenue   40,611,998    1,855,331    (678,636)   41,788,693 
Gross profit   922,762    407,572    —      1,330,334 
                     
Operating expenses                    
General and administration   1,703,093    430,857    —      2,133,950 
                     
Operating loss   (780,331)   (23,285)   —      (803,616)
                     
Other income (expense)   (16,527)   9,955    —      (6,572)
                     
Net loss  $(796,858)  $(13,330)  $—     $(810,188)

 

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)

 

Asset Information

 

The following table shows asset information by geographic segment as of June 30, 2022 and December 31, 2021:

 

                                 
June 30, 2022  USA  Switzerland  Elimination  Total
Assets                    
Current assets  $6,117,363   $923,941   $(222,863)  $6,818,441 
Non-current assets  $11,673,710   $595,961   $(6,184,562)  $6,085,109 
Liabilities                    
Current liabilities  $2,384,494   $1,445,785   $(222,863)  $3,607,416 
Non-current liabilities  $—     $254,358   $—     $254,358 

 

                                 
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 

 

  

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

NOTE 15 - SEGMENT Schedule of Operating Activities by Geographic Segment

                                 
   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 $ 23,699,716 $ 64,702,018 $ 16,128,367 $ 44,910,006 $ 43,119,027 $ 30,325,978 $ 64,702,018 $ 44,910,006
Cost of revenue 22,853,442 63,168,303 16,083,802 43,947,654 41,788,693 29,794,043 63,168,303 43,947,654
Gross profit 846,274 1,533,715 44,565 962,352 1,330,334 531,935 1,533,715 962,352
Operating expenses                
General and administration 1,144,452 4,517,631 1,209,167 4,174,367 2,133,950 2,707,278 4,517,631 4,174,367
Operating loss (298,178) (2,983,916) (1,164,602) (3,212,015) (803,616) (2,175,343) (2,983,916) (3,212,015)
Other expense 12,721 (880,085) 42,230 (3,487,315) (6,572) (825,518) (880,085) (3,487,315)
 Net loss (285,457) (3,864,001) (1,122,372) (6,699,330) (810,188) (3,000,861) (3,864,001) (6,699,482)
Assets                
Current assets 6,818,441 6,566,524   3,581,584 6,818,441   6,566,524 3,581,584
Non-current assets 6,085,109 2,493,118   2,370,183 6,085,109   2,493,118 2,370,183
Liabilities                
Current liabilities 3,607,416 2,363,015   7,911,939 3,607,416   2,363,015 7,911,939
Non-current liabilities 254,358 275,729   434,864 254,358   275,729 434,864
U S A [Member]                
Segment Reporting Information [Line Items]                
Revenues 23,059,647 60,112,852 14,990,382 39,495,542 41,534,760 28,057,392    
Cost of revenue 22,418,046 59,274,781 15,074,899 39,308,347 40,611,998 27,780,959    
Gross profit 641,601 838,071 (84,517) 187,195 922,762 276,433    
Operating expenses                
General and administration 921,793 3,733,579 1,022,625 3,359,237 1,703,093 2,338,741    
Operating loss (280,192) (2,895,508) (1,107,142) (3,172,042) (780,331) (2,062,308)    
Other expense 13,314 (897,507) 47,030 (3,356,881) (16,527) (840,841)    
 Net loss (266,878) (3,793,015) (1,060,112) (6,528,923) (796,858) (2,903,149)    
Assets                
Current assets 6,117,363 5,783,859   3,245,725 6,117,363   5,783,859 3,245,725
Non-current assets 11,673,710 4,468,491   3,478,147 11,673,710   4,468,491 3,478,147
Liabilities                
Current liabilities 2,384,494 1,070,972   5,630,060 2,384,494   1,070,972 5,630,060
Non-current liabilities   2,816   2,816
Switzerland [Member]                
Segment Reporting Information [Line Items]                
Revenues 1,236,823 4,681,978 1,149,183 5,432,022 2,262,903 2,284,985    
Cost of revenue 1,032,150 3,986,334 1,020,101 4,656,865 1,855,331 2,029,483    
Gross profit 204,673 695,644 129,082 775,157 407,572 255,502    
Operating expenses                
General and administration 222,659 784,052 186,542 815,130 430,857 368,537    
Operating loss (17,986) (88,408) (57,460) (39,973) (23,285) (113,035)    
Other expense (593) 17,422 (4,800) (130,434) 9,955 15,323    
 Net loss (18,579) (70,986) (62,260) (170,407) (13,330) (97,712)    
Assets                
Current assets 923,941 997,216   1,225,399 923,941   997,216 1,225,399
Non-current assets 595,961 609,189   561,551 595,961   609,189 561,551
Liabilities                
Current liabilities 1,445,785 1,506,594   3,171,419 1,445,785   1,506,594 3,171,419
Non-current liabilities 254,358 275,729   432,048 254,358   275,729 432,048
Elimination [Member]                
Segment Reporting Information [Line Items]                
Revenues (596,754) (92,812) (11,198) (17,558) (678,636) (16,399)    
Cost of revenue (596,754) (92,812) (11,198) (17,558) (678,636) (16,399)    
Gross profit    
Operating expenses                
General and administration    
Operating loss    
Other expense    
 Net loss    
Assets                
Current assets (222,863) (214,551)   (889,540) (222,863)   (214,551) (889,540)
Non-current assets (6,184,562) (2,584,562)   (1,669,515) (6,184,562)   (2,584,562) (1,669,515)
Liabilities                
Current liabilities (222,863) (214,551)   (889,540) (222,863)   (214,551) (889,540)
Non-current liabilities