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SEGMENT REPORTING | 9 Months Ended
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Sep. 30, 2023
Segment Reporting [Abstract] |
SEGMENT REPORTING | NOTE 17 – SEGMENT REPORTING Operating segments are defined as the components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision makers in deciding how to allocate resources and in assessing performance. The Company’s chief operating decision makers direct the allocation of resources to operating segments based on the profitability, cash flows, and growth opportunities of each respective segment. The Company classifies its business interests into reportable segments which are:
| ● | Trxade, Inc. - Web based pharmaceutical marketplace platform – B2B sales
| ● | IPS - Integra Pharma, LLC - Licensed wholesaler of brand, generic and non-drug products – B2B sales
| ● | Superlatus – holds Sapientia’s intellectual property for advanced food extrusion technology and The Urgent Company – Manufacturer of ice cream that is animal product-free, vegan, lactose-free, and made with plants – B2B sales
| ● | Unallocated - Other – corporate overhead expense, discontinued operations and Bonum Health, LLC.
SCHEDULE OF BUSINESS INTERESTS INTO REPORTABLE SEGMENTS
Nine months ended September 30, 2023 |  | Trxade, Inc. |  |  | IPS |  |  | Superlatus |  |  | Unallocated |  |  | Total |
Revenue |  | $ | 4,663,756 |  |  | $ | 1,237,731 |  |  | $ | - |  |  | $ | 18,299 |  |  | $ | 5,919,786 |
Gross Profit |  |  | 4,663,756 |  |  |  | 165,553 |  |  |  | (756 | ) |  |  | 18,299 |  |  |  | 4,846,852 |
Segment Assets |  |  | - |  |  |  | - |  |  |  | 18,029,077 |  |  |  | 3,624,766 |  |  |  | 21,653,843 |
Segment Profit (Loss) |  |  | 1,570,796 |  |  |  | (388,900 | ) |  |  | (440,268 | ) |  |  | (6,869,237 | ) |  |  | (6,127,609 | )
Cost of Sales |  |  | - |  |  |  | 1,072,178 |  |  |  | 756 |  |  |  | - |  |  |  | 1,072,934 |
Nine months ended September 30, 2022 |  | Trxade, Inc. |  |  | IPS |  |  | Superlatus |  |  | Unallocated |  |  | Total |
Revenue |  | $ | 4,001,670 |  |  | $ | 3,949,772 |  |  | $ | - |  |  | $ | 42,363 |  |  | $ | 7,993,805 |
Gross Profit |  |  | 4,001,670 |  |  |  | (41,462 | ) |  |  | - |  |  |  | 42,363 |  |  |  | 4,002,571 |
Segment Assets |  |  | 1,853,474 |  |  |  | 454,783 |  |  |  | - |  |  |  | 2,172,060 |  |  |  | 4,480,317 |
Segment Profit (Loss) |  |  | 1,320,138 |  |  |  | (493,203 | ) |  |  | - |  |  |  | (3,433,774 | ) |  |  | (2,606,839 | )
Cost of Sales |  |  | - |  |  |  | 3,991,234 |  |  |  | - |  |  |  | - |  |  |  | 3,991,234 |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 22 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-22 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 15 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-15 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 31 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-31 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 42 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-42 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (f) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 40 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-40 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//280/tableOfContent Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 26 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-26 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 34 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-34 Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-41 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 21 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-21 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 32 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482810/280-10-50-32 + Details
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