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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)        
REVENUES $ 23,057,354 $ 19,983,420 $ 45,493,781 $ 40,634,263
COST OF REVENUES (including amortization and depreciation of $306,938, $120,250, $594,456, and $239,333, respectively) 19,737,710 15,991,159 38,277,412 31,926,123
GROSS PROFIT 3,319,644 3,992,261 7,216,369 8,708,140
OPERATING EXPENSES        
Sales and marketing 562,623 533,528 1,137,792 1,015,827
General and administrative expenses (including share-based compensation of $89,385, $243,821, $269,126 and $426,663, respectively) 3,817,316 3,267,587 7,562,545 6,575,249
Goodiwll impairment 16,277,000 0 16,277,000 0
Depreciation and amortization 274,088 253,857 538,449 504,748
Total operating expenses 20,931,027 4,054,972 25,515,786 8,095,824
(LOSS) INCOME FROM OPERATIONS (17,611,383) (62,711) (18,299,417) 612,316
OTHER INCOME (EXPENSE)        
Interest income 4,158 192 10,728 2,567
Interest expense (62,826) (69,290) (126,347) (140,306)
Other income 669,990 2 971,003 2,498
Total other income (expense) 611,322 (69,096) 855,384 (135,241)
(LOSS) INCOME BEFORE INCOME TAX (BENEFIT) PROVISION 17,000,061 131,807 17,444,033 (477,075)
INCOME TAX (BENEFIT) PROVISION (3,240,852) 72,924 (3,291,927) 96,382
NET (LOSS) INCOME $ (13,759,209) $ (204,731) $ (14,152,106) $ 380,693
BASIC EARNINGS PER SHARE $ (1.58) $ (0.02) $ (1.62) $ 0.04
BASIC WEIGHTED-AVERAGE SHARES OUTSTANDING 8,696,111 9,072,281 8,739,043 9,033,905
DILUTED EARNINGS PER SHARE $ (1.58) $ (0.02) $ (1.62) $ 0.04
DILUTED WEIGHTED-AVERAGE SHARES OUTSTANDING 8,696,111 9,072,281 8,739,043 9,191,532