XML 14 R4.htm IDEA: XBRL DOCUMENT v3.25.0.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
Revenues:        
Total revenues and other income $ 9,889,257 $ 19,586,929 $ 43,235,536 $ 54,793,176
Total cost of revenues 8,638,183 17,163,644 36,582,693 46,849,076
Gross profit 1,251,074 2,423,285 6,652,843 7,944,100
Operating expenses:        
General and administrative 4,386,050 5,558,767 14,132,862 19,479,003
Depreciation and amortization 383,304 372,969 1,169,250 1,201,201
Business development 0 0 25,000 0
Total operating expenses 4,769,354 5,931,736 15,327,112 20,680,204
Loss from operations (3,518,280) (3,508,451) (8,674,269) (12,736,104)
Non-operating income (expense):        
Interest expense (220,472) (39,929) (631,484) (158,134)
Interest income 285 19,461 521 167,652
Write-down of investment 0 (258,492) 0 (258,492)
Contingent consideration - change in fair value 0 0 0 (160,232)
Loss on settlement 0 0 0 (1,500,000)
Other income (expense) (33,026) (34,711) (88,318) (191,922)
Total non-operating income (expense) (253,213) (313,671) (719,281) (2,101,128)
Loss before income taxes (3,771,493) (3,822,122) (9,393,550) (14,837,232)
Income tax benefit 13,685 0 110,451 0
Net loss (3,757,808) (3,822,122) (9,283,099) (14,837,232)
Comprehensive loss $ (3,757,808) $ (3,822,122) $ (9,283,099) $ (14,837,232)
Net loss per share – basic (in dollars per share) $ (0.30) $ (0.33) $ (0.76) $ (1.37)
Net loss per share – diluted (in dollars per share) $ (0.30) $ (0.33) $ (0.76) $ (1.37)
Weighted average shares – basic (in shares) 12,423,421 11,649,790 12,249,520 10,859,820
Weighted average shares – diluted (in shares) 12,423,421 11,649,790 12,249,520 10,859,820
Equipment systems        
Revenues:        
Total revenues and other income $ 3,720,174 $ 3,035,758 $ 9,624,514 $ 10,629,327
Total cost of revenues 3,290,624 2,774,147 8,214,233 9,321,922
Services        
Revenues:        
Total revenues and other income 1,913,246 2,898,741 7,404,843 9,399,968
Total cost of revenues 1,356,925 1,768,166 4,379,087 5,692,663
Construction design-build        
Revenues:        
Total revenues and other income 4,172,110 13,466,093 25,915,018 34,253,900
Total cost of revenues 3,932,699 12,483,972 23,789,045 31,469,185
Other        
Revenues:        
Total revenues and other income 83,727 186,337 291,161 509,981
Total cost of revenues $ 57,935 $ 137,359 $ 200,328 $ 365,306