| 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, 2022, and September 30, 2021:
SCHEDULE OF SEGMENT REPORTING
| | |
2022 | | |
2021 | | |
2022 | | |
2021 | |
| | |
Three months ended
September 30, | | |
Nine months ended
September 30, | |
| | |
2022 | | |
2021 (as amended) | | |
2022 | | |
2021 (as amended) | |
| Net Revenues: | |
| | | |
| | | |
| | | |
| | |
| Video Solutions | |
$ | 2,092,927 | | |
$ | 2,028,660 | | |
$ | 6,152,733 | | |
$ | 7,058,161 | |
| Revenue Cycle Management | |
| 2,015,112 | | |
| 560,483 | | |
| 6,039,807 | | |
| 560,483 | |
| Ticketing | |
| 4,376,114 | | |
| 2,050,679 | | |
| 15,937,852 | | |
| 2,050,679 | |
| Total Net Revenues | |
$ | 8,484,153 | | |
$ | 4,639,822 | | |
$ | 28,130,392 | | |
$ | 9,669,323 | |
| | |
| | | |
| | | |
| | | |
| | |
| Gross Profit (Loss): | |
| | | |
| | | |
| | | |
| | |
| Video Solutions | |
$ | 515,615 | | |
$ | 590,447 | | |
$ | 1,543,057 | | |
$ | 2,663,131 | |
| Revenue Cycle Management | |
| 866,277 | | |
| 197,682 | | |
| 2,520,709 | | |
| 197,682 | |
| Ticketing | |
| (786,392 | ) | |
| 612,441 | | |
| 190,432 | | |
| 612,441 | |
| Total Gross Profit | |
$ | 595,500 | | |
$ | 1,400,570 | | |
$ | 4,254,198 | | |
$ | 3,473,254 | |
| | |
| | | |
| | | |
| | | |
| | |
| Operating Income (loss): | |
| | | |
| | | |
| | | |
| | |
| Video Solutions | |
$ | (1,481,048 | ) | |
$ | (940,039 | ) | |
$ | (4,327,049 | ) | |
$ | (1,919,559 | ) |
| Revenue Cycle Management | |
| 117,844 | | |
| (40,537 | ) | |
| 236,628 | | |
| (40,537 | ) |
| Ticketing | |
| (2,149,412 | ) | |
| 44,026 | | |
| (5,915,953 | ) | |
| 44,026 | |
| Corporate | |
| (3,054,407 | ) | |
| (2,662,423 | ) | |
| (10,025,236 | ) | |
| (7,165,483 | ) |
| Total Operating Income (Loss) | |
$ | (6,567,023 | ) | |
$ | (3,598,973 | ) | |
$ | (20,031,610 | ) | |
$ | (9,081,553 | ) |
| | |
| | | |
| | | |
| | | |
| | |
| Depreciation and Amortization: | |
| | | |
| | | |
| | | |
| | |
| Video Solutions | |
$ | 213,446 | | |
$ | 119,560 | | |
$ | 584,266 | | |
$ | 236,131 | |
| Revenue Cycle Management | |
| 320,004 | | |
| 2,890 | | |
| 959,366 | | |
| 2,890 | |
| Ticketing | |
| 102,211 | | |
| 609 | | |
| 102,575 | | |
| 609 | |
| Total Depreciation and Amortization | |
$ | 635,661 | | |
$ | 123,059 | | |
$ | 1,646,207 | | |
$ | 239,630 | |
| | |
September
30,
2022 | | |
December
31,
2021 | |
| Assets (net of eliminations): | |
| | | |
| | |
| Video Solutions | |
$ | 33,656,285 | | |
$ | 25,983,348 | |
| Revenue Cycle Management | |
| 2,446,740 | | |
| 934,095 | |
| Ticketing | |
| 15,072,548 | | |
| 12,260,780 | |
| Corporate | |
| 17,221,891 | | |
| 43,810,974 | |
| Total Identifiable Assets | |
$ | 68,397,464 | | |
$ | 82,989,197 | |
|