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SEGMENT DATA (Tables)

9 Months Ended

Sep. 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 September 30, 2024, and 2023:

 SCHEDULE OF SEGMENT REPORTING

		2024				2023				2024				2023
		For the three months ended September 30,								For the nine months ended September 30,
		2024				2023				2024				2023
Net Revenues:
Video Solutions		$	1,196,362			$	1,797,348			$	4,500,325			$	5,596,300
Revenue Cycle Management			1,601,792				1,636,543				4,600,745				5,142,904
Entertainment			1,253,557				2,903,808				6,096,227				11,575,315
Total Net Revenues		$	4,051,711			$	6,337,699			$	15,197,297			$	22,314,519
Gross Profit:
Video Solutions		$	769,063			$	426,795			$	1,622,558			$	1,740,397
Revenue Cycle Management			666,723				625,114				1,731,860				2,203,220
Entertainment			304,188				174,240				149,386				1,564,361
Total Gross Profit		$	1,739,974			$	1,226,149			$	3,503,804			$	5,507,978
Operating Income (loss):
Video Solutions		$	(89,055	)		$	(1,311,143	)		$	(1,909,246	)		$	(4,639,316	)
Revenue Cycle Management			(4,085,224	)			43,202				(3,955,761	)			299,010
Entertainment			(1,516,934	)			(1,256,681	)			(3,987,415	)			(2,818,617	)
Corporate			(1,691,086	)			(2,623,421	)			(5,083,070	)			(9,102,631	)
Total Operating Income (Loss)		$	(7,382,299	)		$	(5,148,043	)		$	(14,935,492	)		$	(16,261,554	)
Depreciation and Amortization:
Video Solutions		$	133,246			$	219,955			$	520,970			$	629,677
Revenue Cycle Management			26,735				26,328				80,164				69,066
Entertainment			339,265				319,302				977,112				957,884
Total Depreciation and Amortization		$	499,246			$	565,585			$	1,578,246			$	1,656,627

		September 30, 2024				December 31, 2023
Assets (net of eliminations):
Video Solutions		$	16,876,673			$	26,396,559
Revenue Cycle Management			1,969,225				2,260,376
Entertainment			6,037,666				6,324,211
Corporate			7,379,605				12,047,663
Total Identifiable Assets		$	32,263,169			$	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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- References

No definition available.

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