SEGMENTING REPORTING (Tables)

6 Months Ended

Jun. 30, 2025

Segment Reporting [Abstract]

SCHEDULE OF BUSINESS SEGMENTS

Segment information available with respect to these reportable business segments for the three and six months ended June 30, 2025 and 2024 was as follows:

	For the Three Months Ended June 30,						For the Six Months Ended June 30,
	2025			2024			2025			2024
Revenues:
Inventory Management Solutions	$	7,578,646		$	5,283,593		$	17,492,633		$	13,242,290
Corrugated		-			1,661,123			1,773,929			3,394,543
Total segment and consolidated revenues	$	7,578,646		$	7,017,013		$	19,266,562		$	16,636,833
Cost of revenues:
Inventory Management Solutions	$	6,333,350		$	3,959,810		$	15,434,078		$	10,529,497
Corrugated		-			1,279,392			1,276,685			2,443,763
Total segment and consolidated cost of revenues	$	6,333,350		$	5,239,202		$	16,710,763		$	12,973,260
Gross profit:
Inventory Management Solutions	$	1,245,296		$	1,323,783		$	2,058,555		$	2,712,793
Corrugated		-			454,028			497,244			950,780
Total segment and consolidated gross profit	$	1,245,296		$	1,777,811		$	2,555,799		$	3,663,573
Income (loss) from operations:
Inventory Management Solutions	$	(710,710	)	$	(834,958	)	$	(1,600,823	)	$	(1,629,011	)
Corrugated		-			114,755			104,231			277,491
Corporate		(495,826	)		(963,207	)		(1,021,879	)		(3,322,925	)
Total segment and consolidated loss from operations	$	(1,206,536	)	$	(1,683,410	)	$	(2,518,471	)	$	(4,674,445	)
Depreciation and amortization:
Inventory Management Solutions	$	574,644		$	662,597		$	1,149,286		$	1,218,896
Corrugated		-			37,992			37,992			87,489
Total segment and consolidated depreciation and amortization	$	574,644		$	700,589		$	1,187,278		$	1,306,385
Revenues by geography:
North America	$	926,130		$	3,555,050		$	3,679,843		$	6,668,172
Europe		6,652,516			3,661,963			15,586,719			9,968,661
Total geography and consolidated revenues	$	7,578,646		$	7,017,013		$	19,266,562		$	16,636,833
Segment capital expenditures:
Inventory Management Solutions	$	-		$	-		$	-		$	-
Corrugated		-			4,847			4,847			4,847
Corporate		944			944			944			944
Total segment and consolidated capital expenditures	$	5,791		$	5,791		$	5,791		$	5,791
Segment total assets:
Inventory Management Solutions	$	43,521,257		$	43,865,557		$	43,521,257		$	43,865,557
Corrugated		-			1,908,065			-			1,908,065
Corporate		5,154,895			2,592,063			5,154,895			2,592,063
Total segment and consolidated assets	$	48,676,152		$	48,365,685		$	48,676,152		$	48,365,685