XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2
STATEMENTS OF INCOME - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
STATEMENTS OF INCOME        
Revenue $ 6,505,005 $ 1,972,049 $ 11,831,437 $ 4,994,359
Cost of revenue 5,127,337 1,409,495 9,459,668 3,628,769
Gross profit 1,377,668 562,554 2,371,769 1,365,590
General and administrative expense 423,401 283,708 796,589 571,589
Research and development expense 92,085 54,377 179,116 92,596
Marketing and sales expense 108,140 46,434 190,328 97,827
Income from operations 754,042 178,035 1,205,736 603,578
Gain on extinguishment of debt       (325,300)
Interest expense 5,769 9,014 12,262 16,652
Income before provision for income taxes 748,273 169,021 1,193,474 912,226
Provision for income taxes 83,400 47,473 144,200 138,093
Net income 664,873 121,548 1,049,274 774,133
Dividends on preferred stock   6,038   12,076
INCOME APPLICABLE TO COMMON STOCK $ 664,873 $ 115,510 $ 1,049,274 $ 762,057
Income per common share        
Basic (In dollars per share) $ 0.15 $ 0.03 $ 0.23 $ 0.17
Diluted (In dollars per share) $ 0.15 $ 0.03 $ 0.23 $ 0.17
Weighted average shares outstanding        
Basic (In shares) 4,514,492 4,497,903 4,512,396 4,488,913
Diluted (In shares) 4,541,819 4,526,062 4,539,988 4,516,478