XML 13 R4.htm IDEA: XBRL DOCUMENT v3.23.3
Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Income Statement [Abstract]        
Revenues, net $ 29,152,360 $ 17,556,053 $ 72,637,417 $ 44,710,554
Cost of revenues (13,819,798) (7,999,769) (36,331,604) (20,340,948)
Gross profit 15,332,562 9,556,284 36,305,813 24,369,606
Operating expenses        
Selling and marketing 13,632,333 7,779,145 33,385,216 19,785,872
General and administrative 1,682,242 1,740,427 5,353,403 5,692,033
Total operating expenses 15,314,575 9,519,572 38,738,619 25,477,905
Income (Loss) from operations 17,987 36,712 (2,432,806) (1,108,299)
Other (expenses) income        
Other expense (3,702) (6,651) (18,419) (16,045)
Interest expense (62,476) (22,876) (185,964) (127,001)
Other income 70,683 155,983 109,131 176,676
Total other income (expenses), net 4,505 126,456 (95,252) 33,630
Income (Loss) before income taxes 22,492 163,168 (2,528,058) (1,074,669)
Income tax (expense) benefit (37,548) (12,963) 508,390 266,579
Net (loss) income (15,056) 150,205 (2,019,668) (808,090)
Other comprehensive (loss) income        
Foreign currency translation adjustments (12,032) 12,441 (19,885) 8,399
Total comprehensive (loss) income $ (27,088) $ 162,646 $ (2,039,553) $ (799,691)
Basic (loss) Income per common share $ (0.00) $ 0.01 $ (0.06) $ (0.02)
Diluted (loss) Income per common share $ (0.00) $ 0.01 $ (0.06) $ (0.02)
Weighted-average number of common shares outstanding, basic 35,058,340 33,300,058 35,061,286 34,973,580
Weighted-average number of common shares outstanding, diluted 35,058,340 33,300,058 35,061,286 34,973,580