SEGMENT REPORTING |
NOTE
10 – SEGMENT REPORTING
Operating
segments are defined as the components of an enterprise about which separate financial information is available that is evaluated regularly
by the chief operating decision makers in deciding how to allocate resources and in assessing performance. The Company’s chief
operating decision makers direct the allocation of resources to operating segments based on the profitability, cash flows, and growth
opportunities of each respective segment.
The
Company classifies its business interests into reportable segments which are:
| ● | Trxade–
Inc. - Web based pharmaceutical marketplace platform – B2B sales |
| ● | CSP
- Community Specialty Pharmacy, LLC – Licensed retail pharmacy – B2C sales |
| ● | I–tegra
- Integra Pharm–, LLC - Licensed wholesaler of brand, generic and non-drug products – B2B sales |
| ● | Unall–cated
- Other – corporate overhead expense, Alliance Pharma Solutions, LLC and Bonum Health,
LLC |
SCHEDULE OF BUSINESS INTERESTS INTO REPORTABLE SEGMENTS
Nine Months Ended September 30, 2022 | |
Trxade, Inc. | | |
CSP | | |
Integra | | |
Unallocated | | |
Total | |
Revenue | |
$ | 4,001,670 | | |
$ | | |
$ | 3,949,772 | | |
$ | 62,787 | | |
$ | 8,919,312 | |
Gross Profit | |
| 4,001,670 | | |
| ) | |
| (41,462 | ) | |
| 62,787 | | |
| 3,908,608 | |
Segment Assets | |
| 1,853,474 | | |
| | |
| 454,783 | | |
| 2,111,177 | | |
| 4,689,261 | |
Segment Profit (Loss ) | |
| 1,320,138 | | |
| ) | |
| (493,203 | ) | |
| (3,070,562 | ) | |
| (2,606,839 | ) |
Cost of Sales | |
$ | - | | |
$ | | |
$ | 3,991,234 | | |
$ | - | | |
$ | 5,010,704 | |
Nine Months Ended September 30, 2021 | |
Trxade, Inc. | | |
CSP | | |
Integra | | |
Unallocated | | |
Total | |
Revenue | |
$ | 3,653,269 | | |
$ | | |
$ | 2,511,270 | | |
$ | 49,700 | | |
$ | 7,501,535 | |
Gross Profit | |
| 3,652,015 | | |
| | |
| (319,104 | ) | |
| 49,362 | | |
| 3,505,743 | |
Segment Assets | |
| 1,487,657 | | |
| ) | |
| 563,396 | | |
| 3,867,221 | | |
| 5,514,101 | |
Segment Profit (Loss) | |
| 1,511,809 | | |
| ) | |
| (2,500,032 | ) | |
| (3,454,295 | ) | |
| (4,531,543 | ) |
Cost of Sales | |
$ | 1,254 | | |
$ | | |
$ | 2,830,374 | | |
$ | 338 | | |
$ | 3,995,792 | |
|
NOTE
11 – SEGMENT REPORTING
The
Company classifies its business interests into reportable segments which are Trxade, Inc., Community Specialty Pharmacy, LLC, Integra
Pharma, LLC and Other (Unallocated). Operating segments are defined as the components of an enterprise about which separate financial
information is available that is evaluated regularly by the chief operating decision makers in deciding how to allocate resources and
in assessing performance. The Company’s chief operating decision makers direct the allocation of resources to operating segments
based on the profitability, cash flows, and growth opportunities of each respective segment.
SCHEDULE OF BUSINESS INTERESTS INTO REPORTABLE SEGMENTS
Year Ended December 31, 2021 | |
Trxade, Inc. | | |
Community Specialty Pharmacy, LLC | | |
Integra Pharma, LLC | | |
Unallocated | | |
Total | |
Revenue | |
$ | 4,924,015 | | |
$ | | |
$ | 3,250,561 | | |
$ | 62,016 | | |
$ | 9,889,433 | |
Gross Profit | |
$ | 4,921,084 | | |
$ | | |
$ | (393,582 | ) | |
$ | 61,678 | | |
$ | 4,745,965 | |
Segment Assets | |
$ | 2,273,330 | | |
$ | ) | |
$ | 565,619 | | |
$ | 3,358,808 | | |
$ | 5,766,164 | |
Segment Profit/Loss | |
$ | 1,977,938 | | |
$ | ) | |
$ | (2,749,028 | ) | |
$ | (4,416,230 | ) | |
$ | (5,315,883 | ) |
Year Ended December 31, 2020 | |
Trxade, Inc. | | |
Community Specialty Pharmacy, LLC | | |
Integra Pharma, LLC | | |
Unallocated | | |
Total | |
Revenue | |
$ | 5,546,746 | | |
$ | | |
$ | 9,877,067 | | |
$ | 44,783 | | |
$ | 17,122,520 | |
Gross Profit | |
$ | 5,546,746 | | |
| | |
| 8,374 | | |
$ | 44,431 | | |
$ | 5,707,322 | |
Segment Assets | |
$ | 2,076,934 | | |
$ | ) | |
| 2,698,357 | | |
$ | 5,475,195 | | |
$ | 9,792,702 | |
Segment Profit/Loss | |
$ | 3,309,128 | | |
$ | ) | |
$ | (531,092 | ) | |
$ | (4,413,660 | ) | |
$ | (2,536,051 | ) |
|