SEGMENTING REPORTING (Tables)

12 Months Ended

Dec. 31, 2022

Segment Reporting [Abstract]

SCHEDULE OF BUSINESS SEGMENTS

For the year ended December 31, 2021, the Company had only one operating segment (corrugated) thus segment info for this period is not presented. Segment information available with respect to these reportable business segments for the year ended December 31, 2022 was as follows:

	For the Years Ended December 31,
	2022
Revenues:
Inventory Management Solutions	$	23,785,070
Corrugated		8,035,709
Total segment and consolidated revenues	$	31,820,779
Cost of revenues:
Inventory Management Solutions	$	23,554,550
Corrugated		6,072,319
Total segment and consolidated cost of revenues	$	29,626,869
Gross profit:
Inventory Management Solutions	$	230,520
Corrugated		1,963,390
Total segment and consolidated gross profit	$	2,193,910
Income from operations:
Inventory Management Solutions	$	(3,034,702	)
Corrugated		391,139
Corporate		(12,863,941	)
Total segment and consolidated income from operations	$	(15,507,504	)
Depreciation and amortization:
Inventory Management Solutions	$	578,608
Corrugated		270,325
Total segment and consolidated depreciation and amortization	$	848,933
Revenues by geography:
North America	$	19,020,719
Europe		12,800,060
Total geography and consolidated revenues	$	31,820,779
Segment capital expenditures:
Inventory Management Solutions	$	1,775,748
Corrugated		105,703
Corporate		-
Total segment and consolidated capital expenditures	$	1,881,451
Segment total assets:
Inventory Management Solutions	$	49,572,768
Corrugated		3,109,690
Corporate		5,918,141
Total segment and consolidated assets	$	58,600,599