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 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues $ 10,109,654 $ 10,159,152 $ 31,218,331 $ 29,911,619
Cost of revenues 6,170,346 6,107,161 18,261,806 18,068,815
Gross profit 3,939,308 4,051,991 12,956,525 11,842,804
Selling and marketing expenses 1,702,496 1,752,319 5,035,910 5,427,115
General and administrative expenses 2,251,467 2,026,477 6,779,662 6,133,865
Share-based compensation expenses 48,878 3,396 98,810 10,194
Depreciation and amortization expenses 226,765 179,057 635,264 528,636
Total selling, general and administrative expenses 4,229,606 3,961,249 12,549,646 12,099,810
(Loss) income from operations (290,298) 90,742 406,879 (257,006)
Other (expense) income:        
Other income 0 1,758 0 13,169
Interest expense (18,367) (5,817) (35,559) (6,463)
Total other (expense) income (18,367) (4,059) (35,559) 6,706
(Loss) income before taxes (308,665) 86,683 371,320 (250,300)
(Benefit) provision for income taxes (68,636) 31,478 126,381 (46,904)
Net (loss) income $ (240,029) $ 55,205 $ 244,939 $ (203,396)
Net (loss) per common share:        
Basic (in Dollars per share) $ (0.05) $ 0.01 $ 0.05 $ (0.05)
Fully diluted (in Dollars per share) $ (0.05) $ 0.01 $ 0.05 $ (0.05)
Weighted average shares:        
Basic (in Shares) 5,136,177 4,501,271 4,989,432 4,501,271
Diluted (in Shares) 5,136,177 4,696,820 4,991,631 4,501,271
Product [Member]        
Revenues $ 1,553,567 $ 1,639,245 $ 5,319,063 $ 5,335,112
Cost of revenues 888,258 961,304 3,023,830 3,323,861
Service Net [Member]        
Revenues 8,556,087 8,519,907 25,899,268 24,576,507
Cost of revenues $ 5,282,088 $ 5,145,857 $ 15,237,976 $ 14,744,954