XML 14 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
REVENUE $ 1,451,817 $ 720,787 $ 3,439,977 $ 2,833,174
COST OF REVENUE 781,377 421,662 1,842,187 2,046,927
GROSS PROFIT (LOSS) 670,440 299,125 1,597,790 786,247
SELLING, GENERAL AND ADMINISTRATIVE EXPENSES 462,903 807,505 1,367,205 1,876,207
OPERATING INCOME (LOSS) 207,537 (508,380) 230,585 (1,089,960)
OTHER (INCOME) EXPENSE        
IMPAIRMENT CHARGE       270,000
GAIN ON EXTINGUISHMENT OF DEBT     (304,833)  
INTEREST INCOME   (3,683)   (16,476)
INTEREST EXPENSE 6,521 5,939 18,478 18,227
TOTAL OTHER (INCOME) EXPENSE, net 6,521 2,256 (286,355) 271.751
INCOME (LOSS) BEFORE INCOME TAX 201,015 (510,636) 516,940 (1,361,711)
INCOME TAX (EXPENSE) BENEFIT (3,938) 517,000 (8,364) 517,000
NET INCOME (LOSS) $ 197,078 $ 6,364 $ 508,576 $ (844,711)
Basic Net Income (Loss) Per Common Share (in dollars per share) $ 0.19 $ 0.01 $ 0.49 $ (0.83)
Diluted Net Income Per Common Share (in dollars per share) $ 0.19 $ 0.01 $ 0.49  
Weighted Average Number of Common Shares – Basic (in shares) 1,028,863 1,024,467 1,028,863 1,023,579
Weighted Average Number of Common Shares - Diluted (in shares) 1,031,627 1,034,643 1,032,648 1,033,755