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SEGMENT DATA (Tables)

6 Months Ended

Jun. 30, 2024

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, 2024, and June 30, 2023:

 SCHEDULE OF SEGMENT REPORTING

		2024				2023				2024				2023
		For the three months ended June 30,								For the six months ended June 30,
		2024				2023				2024				2023
Net Revenues:
Video Solutions		$	1,585,670			$	1,899,590			$	3,303,963			$	3,798,953
Revenue Cycle Management			1,564,354				1,724,772				2,998,952				3,506,361
Entertainment			2,466,211				4,655,270				4,842,671				8,671,506
Total Net Revenues		$	5,616,235			$	8,279,632			$	11,145,586			$	15,976,820
Gross Profit:
Video Solutions		$	287,840			$	779,408			$	853,534			$	1,313,601
Revenue Cycle Management			601,406				802,174				1,065,137				1,578,107
Entertainment			(646,854	)			1,155,458				(154,841	)			1,390,121
Total Gross Profit		$	242,392			$	2,737,040			$	1,763,830			$	4,281,829
Operating Income (loss):
Video Solutions		$	(1,400,039	)		$	(1,364,987	)		$	(2,533,242	)		$	(3,328,173	)
Revenue Cycle Management			150,323				152,044				126,352				255,809
Entertainment			(1,828,513	)			(328,929	)			(2,470,732	)			(1,561,936	)
Corporate			(835,992	)			(3,398,832	)			(2,675,571	)			(6,479,211	)
Total Operating Income (Loss)		$	(3,914,221	)		$	(4,940,704	)		$	(7,553,193	)		$	(11,113,511	)
Depreciation and Amortization:
Video Solutions		$	178,555			$	203,987			$	387,724			$	402,109
Revenue Cycle Management			26,715				25,887				53,429				51,394
Entertainment			317,180				318,058				637,847				637,539
Total Depreciation and Amortization		$	522,450			$	547,932			$	1,079,000			$	1,091,042

		June 30, 2024				December 31, 2023
Assets (net of eliminations):
Video Solutions		$	22,998,670			$	26,396,559
Revenue Cycle Management			1,904,280				2,260,376
Entertainment			6,315,677				6,324,211
Corporate			12,108,588				12,047,663
Total Identifiable Assets		$	43,327,215			$	47,028,809

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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 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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X

- References

No definition available.

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