XML 51 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Operations and Comprehensive Income (Loss) - USD ($)
3 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]    
Revenues $ 119,809,958 $ 8,349,000
Cost of revenues 101,055,664 4,837,000
Gross margin 18,754,294 3,512,000
Operating expenses:    
Selling, general and administrative expenses 9,305,955 6,803,000
Depreciation and amortization 2,232,509 202,000
Restructuring and other related charges 934,147 0
Total operating expenses 12,472,611 7,005,000
Operating income (loss) 6,281,683 (3,493,000)
Other income (expense):    
Interest expense (2,835,588) (13,000)
Loss contingency on equity issuance (301,350) 0
Net gain on sale of subsidiary 82,894 0
Foreign exchange loss (944,416) (16,000)
(Loss) gain on change in fair value of derivative liabilities (942,390) 12,000
Miscellaneous income 95,318 1,371,000
Total other (expense) income (4,845,532) 1,354,000
Income (loss) from operations before income taxes 1,436,151 (2,139,000)
Income tax expense (162,368) 0
Net income (loss) 1,273,783 (2,139,000)
Foreign currency translation adjustment 0 31,000
Comprehensive income (loss) $ 1,273,783 $ (2,108,000)
Earnings (loss) per share:    
Basic (in US dollars per share) $ 0.02 $ (0.05)
Diluted (in US dollars per share) $ 0.01 $ (0.05)
Weighted average number of shares outstanding:    
Basic (in shares) 65,289,116 41,422,781
Diluted (in shares) 203,017,186 41,422,781