| Schedule of Operating Segments |
The Company evaluated performance
of its operating segments based on revenue and operating profit (loss). Segment information for the year ended December 31, 2019
and 2018 and as of December 31, 2019 and 2018, are as follows:
| |
|
Surge |
|
|
TW |
|
|
ECS |
|
|
Total |
|
| Year ended December 31, 2019 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
9,558,415 |
|
|
$ |
5,417,388 |
|
|
$ |
10,767,138 |
|
|
$ |
25,742,941 |
|
| Cost of revenue |
|
|
(5,916,947 |
) |
|
|
(3,998,410 |
) |
|
|
(10,390,096 |
) |
|
|
(20,305,453 |
) |
| Gross margin |
|
|
3,641,468 |
|
|
|
1,418,978 |
|
|
|
377,042 |
|
|
|
5,437,488 |
|
| Costs and expenses |
|
|
(9,199,277 |
) |
|
|
(3,597,229 |
) |
|
|
(409,010 |
) |
|
|
(13,205,516 |
) |
| Operating loss |
|
|
(5,557,809 |
) |
|
|
(2,178,251 |
) |
|
|
(31,968 |
) |
|
|
(7,768,028 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Year ended December 31, 2018 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Revenue |
|
$ |
2,445,468 |
|
|
$ |
12,798,687 |
|
|
$ |
- |
|
|
$ |
15,244,155 |
|
| Cost of revenue |
|
|
(1,864,727 |
) |
|
|
(6,705,513 |
) |
|
|
- |
|
|
|
(8,570,240 |
) |
| Gross margin |
|
|
580,741 |
|
|
|
6,093,174 |
|
|
|
- |
|
|
|
6,673,915 |
|
| Costs and expenses |
|
|
(2,558,156 |
) |
|
|
(5,651,228 |
) |
|
|
- |
|
|
|
(8,209,384 |
) |
| Operating loss |
|
|
(1,977,415 |
) |
|
|
441,946 |
|
|
|
- |
|
|
|
(1,535,469 |
) |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| December 31, 2019 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total assets |
|
$ |
3,636,624 |
|
|
$ |
1,339,577 |
|
|
$ |
5,010,172 |
|
|
$ |
9,986,373 |
|
| Total liabilities |
|
|
10,850,674 |
|
|
|
3,815,175 |
|
|
|
20,139 |
|
|
|
14,685,988 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| December 31, 2018 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total assets |
|
$ |
947,550 |
|
|
$ |
3,136,768 |
|
|
$ |
- |
|
|
$ |
4,084,318 |
|
| Total liabilities |
|
|
2,694,258 |
|
|
|
3,378,293 |
|
|
|
- |
|
|
|
6,072,551 |
|
|