SEGMENTING REPORTING (Tables)

12 Months Ended

Dec. 31, 2023

Segment Reporting [Abstract]

SCHEDULE OF BUSINESS SEGMENTS

Segment information available with respect to these reportable business segments for the year ended December 31, 2023 and 2022 was as follows:

	For the Years Ended December 31,
	2023			2022
Revenues:
Inventory Management Solutions	$	67,568,353		$	23,785,070
Corrugated		7,729,131			8,035,709
Total segment and consolidated revenues	$	75,297,484		$	31,820,779
Cost of revenues:
Inventory Management Solutions	$	61,308,561		$	23,554,550
Corrugated		5,496,462			6,072,319
Total segment and consolidated cost of revenues	$	66,805,023		$	29,626,869
Gross profit:
Inventory Management Solutions	$	6,259,792		$	230,520
Corrugated		2,232,669			1,963,390
Total segment and consolidated gross profit	$	8,492,461		$	2,193,910
Income from operations:
Inventory Management Solutions	$	(3,063,241	)	$	(3,034,702	)
Corrugated		702,645			391,139
Corporate		(7,116,576	)		(12,863,941	)
Total segment and consolidated income from operations	$	(9,477,172	)	$	(15,507,504	)
Depreciation and amortization:
Inventory Management Solutions	$	2,830,306		$	578,608
Corrugated		214,225			270,325
Total segment and consolidated depreciation and amortization	$	3,044,531		$	848,933
Revenues by geography:
North America	$	14,634,111		$	19,020,719
Europe		60,663,373			12,800,060
Total geography and consolidated revenues	$	75,297,484		$	31,820,779
Segment capital expenditures:
Inventory Management Solutions	$	51,922,852		$	1,775,748
Corrugated		2,967,629			105,703
Corporate		2,409,913			-
Total segment and consolidated capital expenditures	$	57,300,394		$	1,881,451
Segment total assets:
Inventory Management Solutions	$	50,023,910		$	49,572,768
Corrugated		2,967,629			3,109,690
Corporate		2,419,904			5,918,141
Total segment and consolidated assets	$	55,411,443		$	58,600,599