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NOTE 13 - SEGMENTS | 6 Months Ended
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Jun. 30, 2023
Segment Reporting [Abstract] |
NOTE 13 - SEGMENTS | NOTE 13 - SEGMENTS At December 31, 2022 and 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 six months ended June 30, 2023 and 2022: Three months ended June 30, 2023 NOTE 13 - SEGMENT - Schedule of Operating Activities by Geographic Segment
|  | USA |  | Switzerland |  | Elimination |  | Total
Revenues |  | $ | 32,960,138 |  |  |  | 1,334,080 |  |  | $ | (1,469,389 | ) |  | $ | 32,824,829 |
Cost of revenue |  |  | 32,359,937 |  |  |  | 1,149,815 |  |  |  | (1,469,389 | ) |  |  | 32,040,363 |
Gross profit |  |  | 600,201 |  |  |  | 184,265 |  |  |  | — |  |  |  | 784,466 |
Operating expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
General and administration |  |  | 845,485 |  |  |  | 191,699 |  |  |  | — |  |  |  | 1,037,184 |
Operating loss |  |  | (245,284 | ) |  |  | (7,434 | ) |  |  | — |  |  |  | (252,718 | )
Other income (expense) |  |  | 98,224 |  |  |  | (7,150 | ) |  |  | — |  |  |  | 91,074 |
Net loss |  | $ | (147,060 | ) |  | $ | (14,584 | ) |  | $ | — |  |  | $ | (161,644 | )
Three months ended June 30, 2022
|  | 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 | )
Six months ended June 30, 2023
|  | USA |  | Switzerland |  | Elimination |  | Total
Revenues |  | $ | 57,807,809 |  |  |  | 2,681,515 |  |  | $ | (2,997,966 | ) |  | $ | 57,491,358 |
Cost of revenue |  |  | 56,185,823 |  |  |  | 2,302,299 |  |  |  | (2,997,966 | ) |  |  | 55,490,156 |
Gross profit |  |  | 1,621,986 |  |  |  | 379,216 |  |  |  | — |  |  |  | 2,001,202 |
Operating expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
General and administration |  |  | 2,196,441 |  |  |  | 375,009 |  |  |  | — |  |  |  | 2,571,450 |
Operating (loss) income |  |  | (574,455 | ) |  |  | 4,207 |  |  |  | — |  |  |  | (570,248 | )
Other income (expense) |  |  | 273,179 |  |  |  | (23,397 | ) |  |  | — |  |  |  | 249,782 |
Net loss |  | $ | (301,276 | ) |  | $ | (19,190 | ) |  | $ | — |  |  | $ | (320,466 | )
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 | )
Asset Information The following table shows asset information by geographic segment as of June 30, 2023 and December 31, 2022:
June 30, 2023 |  | USA |  | Switzerland |  | Elimination |  | Total
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current assets |  | $ | 6,381,103 |  |  | $ | 1,425,799 |  |  | $ | (709,186 | ) |  | $ | 7,097,716 |
Non-current assets |  | $ | 11,670,900 |  |  | $ | 768,107 |  |  | $ | (6,184,562 | ) |  | $ | 6,254,445 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities |  | $ | 5,519,606 |  |  | $ | 2,102,070 |  |  | $ | (709,186 | ) |  | $ | 6,912,490 |
Non-current liabilities |  | $ | — |  |  | $ | 261,762 |  |  | $ | — |  |  | $ | 261,762 |
December 31, 2022 |  | USA |  | Switzerland |  | Elimination |  | Total
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current assets |  | $ | 6,496,354 |  |  | $ | 1,172,889 |  |  | $ | (1,232,653 | ) |  | $ | 6,436,590 |
Non-current assets |  | $ | 11,646,662 |  |  | $ | 650,794 |  |  | $ | (6,184,562 | ) |  | $ | 6,112,894 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities |  | $ | 5,967,729 |  |  | $ | 1,716,603 |  |  | $ | (1,232,653 | ) |  | $ | 6,451,679 |
Non-current liabilities |  | $ | — |  |  | $ | 262,388 |  |  | $ | — |  |  | $ | 262,388 |

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