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NOTE 15 - SEGMENT | 12 Months Ended
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Dec. 31, 2023
Segment Reporting [Abstract] |
NOTE 15 - SEGMENT | NOTE 15 - SEGMENT At December 31, 2023 and 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 years ended December 31, 2023 and 2022: Year ended December 31, 2023 NOTE 15 - SEGMENT - Schedule of Operating Activities by Geographic Segment
|  | USA |  | Switzerland |  | Elimination |  | Total
Revenues |  | $ | 144,466,050 |  |  |  | 5,530,738 |  |  | $ | (5,494,437 | ) |  | $ | 144,502,351 |
Cost of revenue |  |  | 140,610,403 |  |  |  | 4,714,372 |  |  |  | (5,494,437 | ) |  |  | 139,830,338 |
Gross profit |  |  | 3,855,647 |  |  |  | 816,366 |  |  |  | — |  |  |  | 4,672,013 |
Operating expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
General and administration |  |  | 4,263,805 |  |  |  | 723,711 |  |  |  | — |  |  |  | 4,987,516 |
Operating income (loss) |  |  | (408,158 | ) |  |  | 92,655 |  |  |  | — |  |  |  | (315,503 | )
Other income (expense) |  |  | 189,284 |  |  |  | (93,217 | ) |  |  | — |  |  |  | 96,067 |
Net income (loss) |  | $ | (218,874 | ) |  | $ | (562 | ) |  | $ | — |  |  | $ | (219,436 | )
Year ended December 31, 2022
|  | USA |  | Switzerland |  | Elimination |  | Total
Revenues |  | $ | 94,188,685 |  |  |  | 4,913,216 |  |  | $ | (5,898,369 | ) |  | $ | 93,203,532 |
Cost of revenue |  |  | 93,162,695 |  |  |  | 4,147,690 |  |  |  | (5,898,369 | ) |  |  | 91,412,016 |
Gross profit |  |  | 1,025,990 |  |  |  | 765,526 |  |  |  | — |  |  |  | 1,791,516 |
Operating expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
General and administration |  |  | 4,216,107 |  |  |  | 767,069 |  |  |  | — |  |  |  | 4,983,176 |
Operating loss |  |  | (3,190,117 | ) |  |  | (1,543 | ) |  |  | — |  |  |  | (3,191,660 | )
Other income (expense) |  |  | (2,679,759 | ) |  |  | 5,658 |  |  |  | — |  |  |  | (2,674,101 | )
Net income (loss) |  | $ | (5,869,876 | ) |  | $ | 4,115 |  |  | $ | — |  |  | $ | (5,865,761 | )
Asset Information The following table shows asset information by geographic segment as of December 31, 2023 and 2022:
December 31, 2023 |  | USA |  | Switzerland |  | Elimination |  | Total
Assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current assets |  | $ | 14,537,969 |  |  | $ | 1,874,627 |  |  | $ | (693,424 | ) |  | $ | 15,719,172 |
Non-current assets |  | $ | 11,810,606 |  |  | $ | 810,437 |  |  | $ | (6,184,562 | ) |  | $ | 6,436,481 |
Liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Current liabilities |  | $ | 11,978,244 |  |  | $ | 2,556,124 |  |  | $ | (693,424 | ) |  | $ | 13,840,944 |
Non-current liabilities |  | $ | 139 |  |  | $ | 268,698 |  |  | $ | — |  |  | $ | 268,837 |
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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