SEGMENTING REPORTING (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting [Abstract]

SCHEDULE OF BUSINESS SEGMENTS

For the three months ended March 31, 2022, 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 three months ended March 31, 2023 was as follows:

	For the Three Months Ended March 31,
	2023
Revenues:
Inventory Management Solutions	$	13,948,341
Corrugated		1,941,374
Total segment and consolidated revenues	$	15,889,715
Cost of revenues:
Inventory Management Solutions	$	12,634,589
Corrugated		1,436,034
Total segment and consolidated cost of revenues	$	14,070,623
Gross profit:
Inventory Management Solutions	$	1,313,752
Corrugated		505,340
Total segment and consolidated gross profit	$	1,819,092
Income from operations:
Inventory Management Solutions	$	(492,234	)
Corrugated		145,582
Corporate		(3,183,687	)
Total segment and consolidated income from operations	$	(3,530,339	)
Depreciation and amortization:
Inventory Management Solutions	$	576,580
Corrugated		49,497
Total segment and consolidated depreciation and amortization	$	626,077
Revenues by geography:
North America	$	3,287,404
Europe		12,602,311
Total geography and consolidated revenues	$	15,889,715
Segment capital expenditures:
Inventory Management Solutions	$	-
Corrugated		36,308
Corporate		-
Total segment and consolidated capital expenditures	$	36,308
Segment total assets:
Inventory Management Solutions	$	50,777,175
Corrugated		2,494,147
Corporate		7,483,064
Total segment and consolidated assets	$	60,754,386