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Segment Information (Tables)
12 Months Ended
Dec. 31, 2024
Schedule of Segment Reporting Information

 

 

YEARS ENDED

 

 

 

DECEMBER 31,

 

 

 

2024

 

 

2023

 

 

 

 

 

 

 

 

REVENUES

 

$142,571,749

 

 

$106,026,360

 

Carrier services cost

 

 

(86,793,729)

 

 

(58,233,989)

Managed service costs

 

 

(36,773,615)

 

 

(32,146,844)

Depreciation and amortization

 

 

(3,268,820)

 

 

(3,370,868)

Stock based compensation

 

 

(1,211,247)

 

 

(960,991)

Other segment items (1)

 

 

(16,397,202)

 

 

(15,281,940)

Interest expense

 

 

(242,835)

 

 

(239,526)

Interest income

 

 

214,587

 

 

 

90,679

 

Other expense

 

 

(29,408)

 

 

(62,597)

Income tax benefit (expense)

 

 

(3,759)

 

 

133,243

 

 

 

 

 

 

 

 

 

 

NET LOSS FOR THE PERIOD:

 

$(1,934,279)

 

$(4,046,473)