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NOTE 17 - SEGMENT (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

NOTE 17 - SEGMENT - Geographic Segment

 NOTE 17 - SEGMENT - Geographic Segment (Details)

Year ended December 31, 2024

		USA				Switzerland				UK				Elimination				Total
Revenues		$	197,007,636			$	13,349,998			$	95,681,790			$	(22,818,982	)		$	283,220,442
Cost of revenue			192,460,109				12,541,394				92,486,843				(22,539,653	)			274,948,693
Gross profit			4,547,527				808,604				3,194,947				(279,329	)			8,271,749
Operating expenses
Salaries, Wages and Benefits			1,699,833				238,334				1,025,547				—				2,963,714
Technology			683,620				331,149				370,725				(193,309	)			1,192,185
Professional Fees			1,110,773				—				—				—				1,110,773
Legal and Regulatory			273,840				11,399				43,261				—				328,500
Travel & Events			126,623				29,962				77,710				—				234,295
Public Cost			102,773				—				—				—				102,773
Bad Debt Expense			1,991				—				—				—				1,991
Depreciation and Amortization			26,943				111,654				—				360,938				499,535
Advertising			968,206				—				—				—				968,206
Bank Services and Fees			59,848				72,246				79,497				—				211,591
Office, Facility and Other			309,278				29,550				211,064				(20,000	)			529,892
Sales Commissions			231,125				149,939				360,561				(66,020	)			675,605
Insurance			4,458				—				59,076				—				63,534
Stock-based compensation			223,219				—				—				—				223,219
Total Operating Expenses			5,822,530				974,233				2,227,441				81,609				9,105,813
Operating income (loss)			(1,275,003	)			(165,629	)			967,506				(360,938	)			(834,064	)
Other income (expense)			(3,961,170	)			28,801				(19,573	)			—				(3,951,942	)
Income tax expense			—				(183,808	)			(210,222	)			—				(394,030	)
Net income (loss)		$	(5,236,173	)		$	(320,636	)		$	737,711			$	—			$	(5,180,036	)

Year ended December 31, 2023

		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
Salaries, Wages and Benefits			1,083,748				476,618				—				1,560,366
Technology			328,710				—				—				328,710
Professional Fees			1,283,351				—				—				1,283,351
Legal and Regulatory			256,537				—				—				256,537
Travel & Events			116,637				19,414				—				136,051
Public Cost			36,349				—				—				36,349
Bad Debt Expense			8,815				—				—				8,815
Depreciation and Amortization			51,047				77,690				—				128,737
Advertising			595,298				—				—				595,298
Bank Services and Fees			51,523				25,769				—				77,292
Office, Facility and Other			185,156				124,220				—				309,376
Sales Commissions			211,830				—				—				211,830
Insurance			11,914				—				—				11,914
Stock-based compensation			42,890				—				—				42,890
Total Operating Expenses			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	)		$	0			$	(219,436	)

Asset Information

The following table shows asset information by geographic segment as of December 31, 2024 and 2023:

December 31, 2024		USA				Switzerland				UK				Elimination				Total
Assets
Current assets		$	19,885,086			$	8,055,475			$	48,182,373			$	(13,107,888	)		$	63,015,046
Non-current assets		$	19,447,105			$	633,491			$	8,096,658			$	(12,184,562	)		$	15,992,692
Liabilities
Current liabilities		$	21,386,520			$	8,415,705			$	47,126,859			$	(13,107,888	)		$	63,821,196
Non-current liabilities		$	3,012,066			$	169,599			$	104,614			$	—			$	3,286,279

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

X

- Definition

Tabular disclosure of the profit or loss and total assets for each reportable segment. An entity discloses certain information on each reportable segment if the amounts (a) are included in the measure of segment profit or loss reviewed by the chief operating decision maker or (b) are otherwise regularly provided to the chief operating decision maker, even if not included in that measure of segment profit or loss.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-25

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-22

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147482810/280-10-50-30

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- References

No definition available.

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