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SEGMENT DATA (Tables)
 9 Months Ended 12 Months Ended
Sep. 30, 2024
Dec. 31, 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 September 30, 2024, and 2023:

 

   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 

Summarized financial information for the Company’s reportable business segments is provided for the years ended December 31, 2023, and 2022:

 

   2023   2022 
   Years Ended December 31, 
   2023   2022 
Net Revenues:          
Video Solutions  $7,471,285   $8,252,288 
Revenue Cycle Management   6,713,678    7,886,107 
Entertainment   14,063,381    20,871,500 
Total Net Revenues  $28,248,344   $37,009,895 
           
Gross Profit (loss):          
Video Solutions  $1,290,509   $(1,250,277)
Revenue Cycle Management   2,772,271    3,303,477 
Entertainment   1,699,704    268,741 
Total Gross Profit  $5,762,484   $2,321,941 
           
Operating Income (loss):          
Video Solutions  $(7,135,584)  $(9,278,721)
Revenue Cycle Management   292,543    357,705 
Entertainment   (3,646,770)   (7,369,241)
Corporate   (11,750,742)   (13,443,001)
Total Operating Income (Loss)  $(22,240,553)  $(29,733,258)
           
Depreciation and Amortization:          
Video Solutions  $836,699   $769,228 
Revenue Cycle Management   104,352    128,082 
Entertainment   1,277,186    1,279,369 
Total Depreciation and Amortization  $2,218,237   $2,176,679 
           
Assets (net of eliminations):          
Video Solutions  $26,396,559   $28,509,706 
Revenue Cycle Management   2,260,376    2,201,570 
Entertainment   6,324,211    11,190,491 
Corporate   12,047,663    14,766,295 
Total Identifiable Assets  $47,028,809   $56,668,062