SEGMENTING REPORTING (Tables)

12 Months Ended

Dec. 31, 2024

Segment Reporting [Abstract]

SCHEDULE OF BUSINESS SEGMENTS

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

	For the Years Ended December 31,
	2024			2023
Revenues:
Inventory Management Solutions	$	39,621,272		$	67,568,353
Corrugated Packaging (Discontinued Operations)		6,823,277			7,729,131
Total segment and consolidated revenues	$	46,444,549		$	75,297,484
Cost of revenues:
Inventory Management Solutions	$	33,639,274		$	61,308,561
Corrugated Packaging (Discontinued Operations)		4,980,338			5,496,462
Total segment and consolidated cost of revenues	$	38,619,612		$	66,805,023
Gross profit:
Inventory Management Solutions	$	5,981,998		$	6,259,792
Corrugated Packaging (Discontinued Operations)		1,842,939			2,232,669
Total segment and consolidated gross profit	$	7,824,937		$	8,492,461
Income from operations:
Inventory Management Solutions	$	(2,753,757	)	$	(3,063,241	)
Corrugated Packaging (Discontinued Operations)		402,975			702,645
Corporate		(6,368,802	)		(7,116,576	)
Total segment and consolidated income from operations	$	(8,719,584	)	$	(9,477,172	)
Depreciation and amortization:
Inventory Management Solutions	$	2,280,836		$	2,830,306
Corrugated Packaging (Discontinued Operations)		173,836			214,225
Total segment and consolidated depreciation and amortization	$	2,454,672		$	3,044,531
Revenues by geography:
North America	$	13,309,349		$	14,634,111
Europe		33,135,200			60,663,373
Total geography and consolidated revenues	$	46,444,549		$	75,297,484
Segment capital expenditures:
Inventory Management Solutions	$	826		$	51,922,852
Corrugated Packaging (Discontinued Operations)		69,272			2,967,629
Corporate		-			2,409,913
Total segment and consolidated capital expenditures	$	70,098		$	57,300,394
Segment total assets:
Inventory Management Solutions	$	46,533,449		$	50,023,910
Corrugated Packaging (Discontinued Operations)		1,798,239			2,967,629
Corporate		2,516,667			2,419,904
Total segment and consolidated assets	$	50,848,355		$	55,411,443