Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenues $ 10,229,209 $ 9,672,945 $ 21,108,677 $ 19,752,468
Cost of revenues 5,958,529 5,734,340 12,091,460 11,961,654
Gross profit 4,270,680 3,938,605 9,017,217 7,790,814
Selling and marketing expenses 1,614,106 1,733,472 3,333,414 3,674,795
General and administrative expenses 2,193,277 1,981,248 4,528,195 4,107,389
Share-based compensation expenses 48,940 3,399 49,932 6,798
Depreciation and amortization expenses 210,453 173,044 408,499 349,579
Total selling, general and administrative expenses 4,066,776 3,891,163 8,320,040 8,138,561
Income (loss) from operations 203,904 47,442 697,177 (347,747)
Other income (expense):        
Other income 0 5,686 0 11,411
Interest expense (7,167) (8,246) (17,192) (647)
Total other income (expense) (7,167) (2,560) (17,192) 10,764
Income (loss) before taxes 196,737 44,882 679,985 (336,983)
Provision (benefit) for income taxes 66,448 11,368 195,017 (78,382)
Net income (loss) 130,289 33,514 484,968 (258,601)
Product [Member]        
Revenues 1,761,485 1,926,697 3,765,496 3,695,867
Cost of revenues 985,518 1,233,165 2,135,572 2,362,557
Service Net [Member]        
Revenues 8,467,724 7,746,248 17,343,181 16,056,601
Cost of revenues $ 4,973,011 $ 4,501,175 $ 9,955,888 $ 9,599,097