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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues $ 21,321,478 $ 20,982,761 $ 62,371,752 $ 63,935,603
Cost of services 16,425,321 16,325,793 47,822,086 49,121,210
Gross profit 4,896,157 4,656,968 14,549,666 14,814,393
Selling, general and administrative expenses:        
Employee stock-based compensation 569,772 594,815 1,529,106 1,677,258
Other SG&A 4,119,317 4,293,869 12,180,387 12,021,110
Depreciation and amortization 583,718 518,573 1,707,721 1,559,601
Total selling, general and administrative 5,272,807 5,407,257 15,417,214 15,257,969
Operating (loss) (376,650) (750,289) (867,548) (443,576)
Other income and (expense):        
Interest income 125,564 49,769 348,188 116,649
Other income 0 50,000 261,413 50,000
Interest expense (13,700) (393) (41,535) (1,588)
Other income, net 111,864 99,376 568,066 165,061
(Loss) before income taxes (264,786) (650,913) (299,482) (278,515)
Federal income tax (benefit) (3,186,053) 0 (3,186,053) 0
State income tax expense 70,000 70,000 210,000 222,524
Income tax expense (benefit) (3,116,053) 70,000 (2,976,053) 222,524
Net income (loss) $ 2,851,267 $ (720,913) $ 2,676,571 $ (501,039)
Basic income (loss) per common share: (in dollars per share) $ 0.1 $ (0.03) $ 0.1 $ (0.02)
Diluted income (loss) per common share: (in dollars per share) $ 0.1 $ (0.03) $ 0.1 $ (0.02)
Weighted average common shares outstanding        
Basic (in shares) 27,322,497 26,383,144 26,747,277 26,386,586
Diluted (in shares) 27,322,497 26,383,144 26,747,277 26,386,586