v3.24.1
Accounting policies and procedures (Tables)
12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
Schedule of Estimated Useful Lives of Property and Equipment

 

Automotive Vehicles   5 years
Furniture and Equipment   5 years
Buildings and Improvements   the lesser of the life of the lease or the estimated useful life of the lease
Schedule of Fair Value of Liabilities Measured on Recurring Basis

The following table presents the derivative financial instruments, the Company’s only financial liabilities, measured and recorded at fair value on the Company’s consolidated balance sheet on a recurring basis, and their level within the fair value hierarchy as of December 31, 2023 and December 31, 2022:

 

December 31, 2023

 

   Amount   Level 1   Level 2   Level 3 
Embedded conversion derivative liability  $503,584   $-   $-   $503,584 
Total  $503,584   $   -   $-   $504,584 

 

December 31, 2022

 

   Amount   Level 1   Level 2   Level 3 
Embedded conversion derivative liability  $451,119   $-   $-   $451,119 
Total  $451,119   $   -   $-   $451,119 
Schedule of Revenue by Major Customers by Reporting Segments

In general, the Company’s business segmentation is aligned according to the nature and economic characteristics. Revenue is characterized by several lines of services and typically the pricing is fixed.

 

Revenue Breakdown by Streams  2023   2022 
Year ended December 31,
Revenue Breakdown by Streams  2023   2022 
Service: Transportation  $1,968,061   $1,589,435 
Service: Currency Processing  $2,375,594   $2,223,404 
Service: Compliance  $64,656   $63,388 
Total  $4,408,311   $3,876,227 
Schedule of Basic and Diluted Earnings Per Share (“EPS”)

The following is a reconciliation of the numerator and denominator used in the basic and diluted earnings per share (“EPS”) calculations for the years ended December 31, 2023 and 2022.

 

   Year Ended
December 31, 2023
   Year Ended
December 31, 2022
 
         
Numerator:         
Net income / (loss)  $351,181   $(294,528)
           
Denominator:          
Weighted-average shares of common stock   8,250,144    8,398,062 
Dilutive effect of options   

-

    - 
Dilutive effect of convertible instruments   2,677,035    - 
Diluted weighted-average of common stock   

10,927,179

    8,398,062 
           
Net income per common share from:          
Basic  $0.04   $(0.04)
Diluted  $0.03   $(0.04)