XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Revenue    
Total Revenue $ 4,130,164 $ 2,424,653
Operating costs and expenses    
Cost of revenue 1,767,903 1,175,593
Selling, general and administrative expenses 1,646,643 1,515,590
Depreciation and amortization expense 410,733 690,074
Total operating costs and expenses 3,825,279 3,381,257
Operating income (loss) 304,885 (956,604)
Other income (expense)    
Interest income 197 48
Interest expense (123,861) (138,057)
Gain (loss) on disposition of assets, net 10,000
Total other expense (123,664) (128,009)
Income (loss) before income taxes 181,221 (1,084,613)
Income tax expense (31,384) (17,180)
Net income/(loss) $ 149,837 $ (1,101,793)
Basic loss earnings per common share $ 0.01 $ (0.04)
Basic weighted average common shares outstanding 28,235,001 25,762,342
Diluted loss per common share $ 0.01 $ (0.04)
Diluted weighted average common shares outstanding 28,305,101 25,762,342
Tool Revenue [Member]    
Revenue    
Total Revenue $ 2,769,247 $ 1,663,763
Contract Services [Member]    
Revenue    
Total Revenue $ 1,360,917 $ 760,890