SEGMENTING REPORTING (Tables)

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

SCHEDULE OF BUSINESS SEGMENTS

Segment information available with respect to these reportable business segments for the three months ended March 31, 2024 and 2023 was as follows:

	For the Three Months Ended March 31,
	2024			2023
Revenues:
Inventory Management Solutions	$	7,958,697		$	13,948,341
Corrugated		1,661,123			1,941,374
Total segment and consolidated revenues	$	9,619,820		$	15,889,715
Cost of revenues:
Inventory Management Solutions	$	6,569,687		$	12,634,589
Corrugated		1,164,371			1,436,034
Total segment and consolidated cost of revenues	$	7,734,058		$	14,070,623
Gross profit:
Inventory Management Solutions	$	1,389,010		$	1,313,752
Corrugated		496,752			505,340
Total segment and consolidated gross profit	$	1,885,762		$	1,819,092
Income (loss) from operations:
Inventory Management Solutions	$	(794,053	)	$	(492,234	)
Corrugated		162,736			145,582
Corporate		(2,359,718	)		(3,183,687	)
Total segment and consolidated loss from operations	$	(2,991,035	)	$	(3,530,339	)
Depreciation and amortization:
Inventory Management Solutions	$	556,299		$	576,580
Corrugated		49,497			49,497
Total segment and consolidated depreciation and amortization	$	605,796		$	626,077
Revenues by geography:
North America	$	3,313,122		$	3,287,404
Europe		6,306,698			12,602,311
Total geography and consolidated revenues	$	9,619,820		$	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	$	45,452,208		$	50,777,175
Corrugated		1,881,212			2,494,147
Corporate		2,903,451			7,483,064
Total segment and consolidated assets	$	50,236,871		$	60,754,386