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OPERATING SEGMENTS (Tables) | 3 Months Ended
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Mar. 31, 2025
Segment Reporting [Abstract] |
SCHEDULE OF SEGMENT REPORTING | Summarized financial information for the Company’s reportable business segments is provided for the three months ended March 31, 2025, and 2024: SCHEDULE OF SEGMENT REPORTING
Three months ended March 31, 2025
|  | Video Solutions |  |  | Entertainment |  |  | Revenue cycle Management |  |  | Corporate and other |  |  | Total |
Net revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Product |  | $ | 54,231 |  |  | $ | 667,119 |  |  | $ | — |  |  | $ | — |  |  | $ | 721,350 |
Service |  |  | 868,050 |  |  |  | 1,535,313 |  |  |  | 1,350,551 |  |  |  | — |  |  |  | 3,753,914 |
Total segment net revenues |  | $ | 922,281 |  |  | $ | 2,202,432 |  |  | $ | 1,350,551 |  |  | $ | — |  |  | $ | 4,475,264 |
Less significant segment expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of Revenue - Product |  | $ | 64,552 |  |  | $ | 611,087 |  |  | $ | — |  |  | $ | — |  |  | $ | 675,639 |
Cost of Revenue – Service and other |  |  | 301,968 |  |  |  | 1,013,270 |  |  |  | 882,888 |  |  |  | — |  |  |  | 2,198,126 |
Research and development expense |  |  | 84,417 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 84,417 |
Selling, advertising and promotional expense |  |  | 20,517 |  |  |  | 75,864 |  |  |  | 11,660 |  |  |  | — |  |  |  | 108,041 |
General and administrative expense |  |  | 283,547 |  |  |  | 806,789 |  |  |  | 448,633 |  |  |  | 844,752 |  |  |  | 2,383,721 |
Total segment operating income (loss) |  | $ | 167,280 |  |  | $ | (304,578 | ) |  | $ | 7,370 |  |  | $ | (844,752 | ) |  | $ | (974,680 | )
Non-operating (expenses) income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (792,273 | )
Change in fair value of derivative liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,515,891 |
Gain on the extinguishment of liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 2,220,097 |
Gain on extinguishment of debt – related party |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,249,372 |
Other non-operating income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 48,675 |
Total non-operating income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 5,241,762 |
Income before income tax benefit (provision) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 4,267,082 |
Depreciation and amortization expense |  | $ | 53,669 |  |  | $ | 340,597 |  |  | $ | 23,604 |  |  | $ | — |  |  | $ | 417,870 |
Total identifiable assets, net of eliminations |  | $ | 12,786,363 |  |  | $ | 4,898,381 |  |  | $ | 4,863,764 |  |  | $ | 7,707,828 |  |  | $ | 30,256,336 |
Three months ended March 31, 2024
|  | Video Solutions |  |  | Entertainment |  |  | Revenue cycle Management |  |  | Corporate and other |  |  | Total |
Net revenues: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Product |  | $ | 721,188 |  |  | $ | 844,658 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,565,846 |
Service |  |  | 997,105 |  |  |  | 1,531,801 |  |  |  | 1,434,598 |  |  |  | — |  |  |  | 3,963,505 |
Total segment net revenues |  | $ | 1,718,293 |  |  | $ | 2,376,460 |  |  | $ | 1,434,598 |  |  | $ | — |  |  | $ | 5,529,351 |
Less significant segment expenses: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cost of Revenue - Product |  | $ | 797,494 |  |  | $ | 769,899 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,567,393 |
Cost of Revenue – Service and other |  |  | 355,105 |  |  |  | 1,112,287 |  |  |  | 970,867 |  |  |  | — |  |  |  | 2,438,259 |
Research and development expense |  |  | 487,466 |  |  |  | — |  |  |  | — |  |  |  | — |  |  |  | 487,466 |
Selling, advertising and promotional expense |  |  | 423,894 |  |  |  | 330,519 |  |  |  | 6,705 |  |  |  | — |  |  |  | 761,118 |
General and administrative expense |  |  | 1,101,217 |  |  |  | 805,974 |  |  |  | 481,057 |  |  |  | 1,525,901 |  |  |  | 3,914,149 |
Total segment operating income (loss) |  | $ | (1,446,883 | ) |  | $ | (642,219 | ) |  | $ | (24,031 | ) |  | $ | (1,525,901 | ) |  | $ | (3,639,034 | )
Non-operating (expenses) income: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (648,567 | )
Change in fair value of derivative liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (348,891 | )
Gain on the extinguishment of liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 682,345 |
Other non-operating income (loss), net |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 10,879 |
Total non-operating income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (304,234 | )
Loss before income tax benefit (provision) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | (3,943,268 | )
Depreciation and amortization expense |  | $ | 198,028 |  |  | $ | 326,248 |  |  | $ | 26,715 |  |  | $ | — |  |  | $ | 550,991 |
Total identifiable assets, net of eliminations |  | $ | 24,172,478 |  |  | $ | 6,482,510 |  |  | $ | 1,989,068 |  |  | $ | 12,520,139 |  |  | $ | 45,164,195 |

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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 + Details
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