8. Business Segments and Revenues

9 Months Ended

Sep. 30, 2020

Segment Reporting [Abstract]

Business Segments and Revenues

8. Business Segments and Revenues

The Company is currently organized and managed in two segments which represent our operating units: PrestoCorp and GKMP. PrestoCorp is a telehealth business and GKMP is a contract manufacturing business. General corporate activities not associated with these segments are presented as “other.” Other income (expense) items are considered general corporate items and are not allocated to our segments.

Property and equipment, net	September 30,	December 31,
	2020	2019
PrestoCorp	$          2,268	2,815
GKMP	206,993	-
Other	2,673	3,625
Total	$      211,934	$         6,440

Capital expenditures	For the Three Months Ended		For the Nine Months Ended
	September 30,	September 30,	September 30,	September 30,
	2020	2019	2020	2019
PrestoCorp	$              -	$              -	$          2,531	$              -
GKMP	-	-	54,649	-
Other	-	-	-	1,635
Total	$              -	$              -	$        57,180	$          1,635

Financial information for each operating segment is as follows:

	Three-months ended September 30,		Nine-months ended September 30,
	2020	2019	2020	2019
PrestoCorp
Revenue	$       416,982	$ 453,653	$ 1,602,599	$ 704,998
Cost of revenue	158,360	176,516	607,837	291,713
Gross profit	258,622	277,137	994,762	413,285
Depreciation and amortization	$         13,858	$  20,128	$     42,030	$  60,626
GKMP
Revenue	42,568	-	70,989	-
Cost of revenue	70,329	-	90,470	-
Gross profit	(27,760)	-	(19,481)	-
Depreciation and amortization	$         13,377	$         -	$     13,377	$         -
OTHER
Revenue	236	-	433	-
Depreciation and amortization	$         38,240	$ 120,209	$   114,719	$ 360,628
Total
Revenue	459,786	453,653	1,674,021	704,998
Cost of revenue	228,689	176,516	698,307	291,713
Gross profit	$       231,097	$ 277,137	$   975,714	$ 413,285
Depreciation and amortization	$         65,475	$ 140,337	$   170,126	$ 421,254

Revenues from major customers by operating unit are as follows:

Customer Concentrations	Three-months ended September 30,		Nine-months ended September 30,
	2020	2019	2020	2019
PrestoCorp
Total PrestoCorp concentrations	$                   -	$                 -	$                   -	$                 -
% of PrestoCorp revenues	0%	0%	0%	0%
GKMP
Customer A	$                   -	$                 -	$            8,257	$                 -
Customer B	19,670		19,670	-
Total GKMP concentrations	$           19,670	$                 -	$           27,927	$                 -
% of GKMP revenues	46%	0%	39%	0%