XML 15 R4.htm IDEA: XBRL DOCUMENT v3.23.1
Consolidated Statements of Operations - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Consolidated Statements of Operations    
REVENUES $ 94,103,365 $ 87,338,097
COST OF REVENUES (including amortization and depreciation of $1,455,262 and $632,399, respectively) 79,527,893 70,970,391
GROSS PROFIT 14,575,472 16,367,706
OPERATING EXPENSES    
Sales and marketing 2,134,240 2,008,733
General and administrative expenses (including share-based compensation of $528,582 and $883,763, respectively) 14,720,497 12,724,522
Goodiwll impairment 16,277,000 0
Depreciation and amortization 1,077,440 1,026,838
Total operating expenses 34,209,177 15,760,093
(LOSS) INCOME FROM OPERATIONS (19,633,705) 607,613
OTHER INCOME (EXPENSE)    
Interest income 41,831 4,158
Interest expense (259,644) (273,228)
Other (expense) income 1,344,102 643,000
Total other income (expense) 1,126,289 373,930
(LOSS) INCOME BEFORE INCOME TAX PROVISION (18,507,416) 981,543
INCOME TAX PROVISION 5,077,875 640,447
NET (LOSS) INCOME $ (23,585,291) $ 341,096
BASIC EARNINGS PER SHARE $ (2.70) $ 0.04
BASIC WEIGHTED-AVERAGE SHARES OUTSTANDING 8,732,203 9,069,903
DILUTED EARNINGS PER SHARE $ (2.70) $ 0.04
DILUTED WEIGHTED-AVERAGE SHARES OUTSTANDING 8,732,203 9,160,195