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SEGMENT DATA (Tables)

6 Months Ended

Jun. 30, 2022

Segment Reporting [Abstract]

SCHEDULE OF SEGMENT REPORTING

Summarized financial information for the Company’s reportable business segments is provided for the indicated periods and as of June 30, 2022, and June 30, 2021:

SCHEDULE OF SEGMENT REPORTING

		2022				2021					1				2
		Three months ended June 30,								Six months ended June 30,
		2022				2021				2022				2021
Net Revenues:
Video Solutions		$	2,049,756			$	2,493,671			$	4,059,805			$	5,029,501
Revenue Cycle Management			2,120,738				—				4,024,695				—
Ticketing			5,180,963				—				11,561,738				—
Total Net Revenues		$	9,351,457			$	2,493,671			$	19,646,238			$	5,029,501
Gross Profit:
Video Solutions		$	759,010			$	1,260,800			$	1,027,440			$	2,072,683
Revenue Cycle Management			957,263				—				1,654,432				—
Ticketing			2,805				—				976,824				—
Total Gross Profit		$	1,719,078			$	1,260,800			$	3,658,696			$	2,072,683
Operating Income (loss):
Video Solutions		$	(1,130,749	)		$	(296,601	)		$	(2,846,004	)		$	(979,520	)
Revenue Cycle Management			247,301				—				118,783				—
Ticketing			(2,320,694	)			—				(3,766,541	)			—
Corporate			(3,457,110	)			(2,320,283	)			(6,970,828	)			(4,503,058	)
Total Operating Income (Loss)		$	(6,661,252	)		$	(2,616,884	)		$	(13,464,590	)		$	(5,482,578	)
Depreciation and Amortization:
Video Solutions		$	209,442			$	87,830			$	385,516			$	145,459
Revenue Cycle Management			319,175				—				638,358				—
Ticketing			218				—				364				—
Total Depreciation and Amortization		$	528,835			$	87,830			$	1,024,238			$	145,459

		June 30, 2022				December 31, 2021
Assets (net of eliminations):
Video Solutions		$	35,219,240			$	25,983,348
Revenue Cycle Management			1,678,775				934,095
Ticketing			10,097,319				12,260,780
Corporate			23,733,487				43,810,974
Total Identifiable Assets		$	70,728,821			$	82,989,197

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- 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
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 22
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8736-108599

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 25
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8813-108599

Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-URI https://asc.fasb.org/extlink&oid=121556970&loc=d3e13816-109267

Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 280
-SubTopic 10
-Section 50
-Paragraph 30
-URI https://asc.fasb.org/extlink&oid=126901519&loc=d3e8906-108599

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- References

No definition available.

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