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Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
REVENUES $ 11,120,712 $ 7,378,094 $ 32,166,104 $ 15,587,246
COST OF REVENUES 6,474,261 4,309,439 18,698,820 8,921,153
GROSS PROFIT 4,646,451 3,068,655 13,467,284 6,666,093
OPERATING EXPENSES        
Indirect costs 2,130,513 738,239 7,458,319 1,512,370
Overhead 407,804 248,540 1,167,346 431,987
General and administrative expenses 3,297,319 6,682,034 9,633,064 10,389,922
Loss from change in fair value of contingent earnout 864,000 0 864,000 0
Total operating expenses 6,699,636 7,668,813 19,122,729 12,334,279
LOSS FROM OPERATIONS BEFORE OTHER INCOME (EXPENSE) (2,053,185) (4,600,158) (5,655,445) (5,668,186)
OTHER INCOME (EXPENSE)        
Realized gain on investment 0 0 0 38,851
Gain on disposal of fixed assets 0 0 303 0
Change in fair value of derivative liability 76,000 0 (97,000) 0
Interest expense, net of interest income (978,314) (648,175) (2,579,915) (1,838,032)
Total other income (expense) (902,314) (648,175) (2,676,612) (1,799,181)
LOSS FROM OPERATIONS BEFORE BENEFIT FOR INCOME TAXES (2,995,499) (5,248,333) (8,332,057) (7,467,367)
BENEFIT FROM INCOME TAXES (159,025) 328,735 (902,820) 890,995
NET LOSS (3,114,524) (4,919,598) (9,234,877) (6,576,372)
Less: Preferred Stock Dividends 29,911 3,320 70,447 3,320
NET LOSS TO COMMON SHAREHOLDERS $ (3,144,435) $ (4,922,918) $ (9,305,324) $ (6,579,692)
NET LOSS PER SHARE        
Net loss per share, basic $ (0.12) $ (0.26) $ (0.39) $ (0.38)
Net loss per share, diluted $ (0.12) $ (0.26) $ (0.39) $ (0.38)
WEIGHTED AVERAGE SHARES OUTSTANDING - BASIC 25,868,849 18,679,462 23,621,551 17,414,469
WEIGHTED AVERAGE SHARES OUTSTANDING - DILUTED 25,868,849 18,679,462 23,621,551 17,414,469