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SEGMENT DATA (Tables)

6 Months Ended

Jun. 30, 2023

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, 2023, and June 30, 2022:

 SCHEDULE OF SEGMENT REPORTING

		2023				2022				2023				2022
		For the three months ended June 30,								For the six months ended June 30,
		2023				2022				2023				2022
Net Revenues:
Video Solutions		$	1,899,590			$	2,049,756			$	3,798,953			$	4,059,805
Revenue Cycle Management			1,724,772				2,120,738				3,506,361				4,024,695
Entertainment			4,655,270				5,180,963				8,671,506				11,561,738
Total Net Revenues		$	8,279,632			$	9,351,457			$	15,976,820			$	19,646,238
Gross Profit:
Video Solutions		$	779,408			$	759,010			$	1,313,601			$	1,027,440
Revenue Cycle Management			802,174				957,263				1,578,107				1,654,432
Entertainment			1,155,458				2,805				1,390,121				976,824
Total Gross Profit		$	2,737,040			$	1,719,078			$	4,281,829			$	3,658,696
Operating Income (loss):
Video Solutions		$	(1,364,987	)		$	(1,130,749	)		$	(3,328,173	)		$	(2,846,004	)
Revenue Cycle Management			152,044				247,301				255,809				118,783
Entertainment			(328,929	)			(2,320,694	)			(1,561,936	)			(3,766,541	)
Corporate			(3,398,832	)			(3,457,110	)			(6,479,211	)			(6,970,828	)
Total Operating Loss		$	(4,940,704	)		$	(6,661,252	)		$	(11,113,511	)		$	(13,464,590	)
Depreciation and Amortization:
Video Solutions		$	203,987			$	209,442			$	402,109			$	385,516
Revenue Cycle Management			25,887				218				51,394				364
Entertainment			318,058				319,175				637,539				638,358
Total Depreciation and Amortization		$	547,932			$	528,835			$	1,091,042			$	1,024,238

		June 30, 2023				December 31, 2022
Assets (net of eliminations):
Video Solutions		$	28,924,558			$	28,509,706
Revenue Cycle Management			2,556,696				2,201,570
Entertainment			7,731,275				11,190,491
Corporate			14,291,394				14,766,295
Total Identifiable Assets		$	53,503,923			$	56,668,062

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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
-Name Accounting Standards Codification
-Topic 350
-SubTopic 20
-Section 50
-Paragraph 1
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147482573/350-20-50-1

Reference 2: 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 3: 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 4: 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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