v3.26.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2025
Accounting Policies [Abstract]  
SCHEDULE OF CONSOLIDATED STATEMENTS OF OPERATIONS

 

  

12/31/2024

as reported

   Adjustment  

12/31/2024

as Restated

 
Revenue  $15,503,251    -    15,503,251 
Cost of Revenue   12,088,944    -    12,088,944 
Gross Profit   3,414,307    -    3,414,307 
                
Operating Expenses               
General and Administrative   6,819,763    -    6,819,763 
Stock Option Expense   992,735    -    992,735 
Application Development Costs   140,880    -    140,880 
Total Operating Expenses   7,953,378    -    7,953,378 
                
Operating (Loss)   (4,539,071)   -    (4,539,071)
                
Other Income and Expense               
Sale of IM Telecom (49%)   9,247,726    310,783    9,558,509 
Interest Expense   (104,737)   -    (104,737)
Other Income, net   70,951    -    70,951 
Total Other Income and Expenses   9,213,940    310,783    9,524,723 
                
Income Before Income Taxes   4,674,869    310,783    4,985,652 
Income Tax Expense   184,051    -    184,051 
Net Income  $4,490,818    310,783    4,801,601 
SCHEDULE OF CONSOLIDATED BALANCE SHEET

 

  

12/31/2024

as reported

   Adjustment  

12/31/2024

as Restated

 
Assets            
Current Assets               
Cash and Cash Equivalents  $1,679,345    -   $1,679,345 
Accounts Receivable, Net   1,533,015    -    1,533,015 
Inventory, Net   163,063    -    163,063 
Prepaid Expenses   94,496    -    94,496 
Other Current Assets   112,170    -    112,170 
Total Current Assets   3,582,089    -    3,582,089 
                
Property and Equipment, Net   15,128    -    15,128 
                
Other Assets               
Intangible Assets, Net   323,468    310,783    634,251 
Right of Use Asset   319,549    -    319,549 
Notes Receivable   1,000,000    -    1,000,000 
Other Assets   74,328    -    74,328 
Total Other Assets   1,717,345    310,783    2,028,128 
Total Assets   5,314,562    310,783    5,625,345 
                
Liabilities and Stockholders’ Equity               
Current Liabilities               
Accounts Payable and Accrued Expenses   2,277,597    -    2,277,597 
Right of Use Operating Lease Obligation - Current   113,740    -    113,740 
Income Tax Payable   184,051    -    184,051 
Total Current Liabilities   2,575,388    -    2,575,388 
                
Long Term Liabilities               
Right of Use Operating Lease Obligation - Long Term   227,776    -    227,776 
Total Long Term Liabilities   227,776    -    227,776 
Total Liabilities   2,803,164    -    2,803,164 
Commitments and Contingencies   -    -    - 
Stockholders’ Equity               
Common stock, $.001 par value   43,504    -    43,504 
Additional Paid In Capital   10,215,767    -    10,215,767 
Accumulated Deficit   (7,747,873)   310,783    (7,437,090)
Total Stockholders’ Equity   2,511,398    310,783    2,822,181 
Total Liabilities and Stockholders’ Equity   5,314,562    310,783    5,625,345 
SCHEDULE OF EARNINGS PER SHARE, BASIC AND DILUTED

The following table reconciles the shares outstanding and net income used in the computations of both basic and diluted earnings per share of common stockholders:

 

   2025   2024 
   Years Ended December 31, 
   2025   2024 
Numerator        
Net Income (Loss)  $(2,647,053)  $4,801,601 
           
Denominator          
Weighted-average common shares outstanding   43,706,214    43,402,219 
Dilutive impact of stock options   -    54,163 
Weighted-average common shares outstanding, diluted   43,706,214    43,526,417 
           
Net income per common share          
Basic  $(0.06)  $0.11 
Diluted  $(0.06)  $0.11