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NOTE 4 – ACQUISITIONS (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2022

Dec. 31, 2021

Business Combination and Asset Acquisition [Abstract]

NOTE 4 - ACQUISITIONS - Whisl Consideration

			May 13,
Fair Value of Consideration:			2022
Cash			$	1,000,000
Payable to seller				250,000
1,461,653 shares of common stock				550,000
Total Purchase Price			$	1,800,000

NOTE 4 - ACQUISITIONS - Smartbiz Consideration

			June 1,
Fair Value of Consideration:			2022
Cash			$	725,000
Payable to seller				75,000
2,850,330 shares of common stock				1,000,000
Total Purchase Price			$	1,800,000

NOTE 4 - ACQUISITIONS - Whisl Assets and Liabilities Acquired


Total purchase price		$	1,800,000
Cash			141,113
Accounts receivable			109,762
Total identifiable assets			250,875

Accounts payable			(241,426	)
Other current liabilities			(2,075	)
Total liabilities assumed			(243,501	)
Net assets			7,374

Non-controlling interest			3,613
Total net assets			3,761
Goodwill		$	1,796,239

NOTE 4 - ACQUISITIONS - Smartbiz Assets and Liabilities Acquired


Total purchase price		$	1,800,000
Cash			19,755
Accounts receivable			789,515
Total identifiable assets			809,270

Accounts payable			(807,265	)
Other current liabilities			(76,839	)
Total liabilities assumed			(884,104	)
Net assets			(74,834	)

Non-controlling interest			(36,669	)
Total net assets			(38,165	)
Goodwill		$	1,838,165

NOTE 4 - ACQUISITIONS - Unaudited Pro Forma Results of Operations


		Six Months Ended
		June 30,
		2022				2021
Revenues		$	47,228,496			$	38,791,210
Cost of revenues			46,061,883				37,528,152
Gross profit			1,166,613				1,263,058

Operating expenses			3,066,379				3,327,710
Operating loss			(1,899,766	)			(2,064,652	)

Other expense			(6,572	)			(825,518	)

Net Loss		$	(1,906,338	)		$	(2,890,170	)


		December 31,
		2020
Revenues		$	55,784,168
Cost of revenues			54,631,017
Gross profit			1,153,151

Operating expenses			4,224,903
Operating loss			(3,071,752	)

Other expense			(3,487,315	)
Net Loss		$	(6,559,067	)