Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Revenues $ 41,701,380 $ 41,220,406
Cost of revenues 24,493,322 24,641,425
Gross profit 17,208,058 16,578,981
Operating expenses:    
Selling and marketing expenses 6,719,909 7,365,912
General and administrative expenses 9,402,259 8,273,558
Share-based compensation expenses 441,310 10,194
Depreciation and amortization expenses 875,566 705,932
Total selling, general and administrative expenses 17,439,044 16,355,596
(Loss) income from operations (230,986) 223,385
Other income (expense)    
Other income 0 13,269
Interest expense, net (46,802) (13,616)
Gain on bargain purchase 71,359 0
Gain on sale of product line 250,000 0
Total other income (expense), net 274,557 (347)
Income before taxes 43,571 223,038
Provision for income taxes (178,005) (47,391)
Net (loss) income $ (134,434) $ 175,647
Basic (in Dollars per share) $ (0.03) $ 0.04
Diluted (in Dollars per share) $ (0.03) $ 0.04
Basic (in Shares) 5,026,420 4,501,271
Diluted (in Shares) 5,026,420 4,501,271
Product [Member]    
Revenues $ 7,863,387 $ 7,661,580
Cost of revenues 4,575,386 4,608,889
Service Net [Member]    
Revenues 33,837,993 33,558,826
Cost of revenues $ 19,917,936 $ 20,032,536