v3.22.2.2
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Total revenues $ 2,306,379 $ 4,299,925 $ 9,619,273 $ 12,451,467
Cost of revenues        
Total cost of revenues excluding depreciation and amortization 1,824,757 3,321,050 7,831,805 9,497,014
Gross profit 481,622 978,875 1,787,468 2,954,453
Selling, general and administrative expenses 2,926,243 1,023,897 8,880,973 2,523,340
Acquisition costs 38,617 39,245 829,478 192,530
Goodwill impairment 2,254,624 0 2,254,624 0
Loss from operations (4,737,862) (84,267) (9,247,607) 238,583
Change in fair value of contingent consideration     (930,000) 0
Other income (expense)        
Interest expense (20,437) (15,055) (59,574) (31,738)
Other income, net 3,188 3,795 3,977 11,600
Loss before provision for income taxes (4,755,111) (95,527) (9,303,204) 218,445
Deferred income tax benefit 54,592 0 998,936 0
Net loss (4,700,519) (95,527) (8,304,268) 218,445
Comprehensive loss $ (4,700,519) $ (95,527) $ (8,304,268) $ 218,445
Net loss per common share - basic (in dollars per share) $ (0.26) $ (0.01) $ (0.47) $ 0.02
Net loss per common share - diluted (in dollars per share) $ (0.26) $ (0.01) $ (0.47) $ 0.02
Weighted average common shares outstanding        
Basic (in shares) 18,382,131 12,596,126 17,688,528 11,957,878
Diluted (in shares) 18,382,131 12,596,126 17,688,528 12,584,914
Professional Fees [Member]        
Revenues        
Total revenues $ 2,114,012 $ 2,798,105 $ 7,025,396 $ 8,565,639
Cost of revenues        
Total cost of revenues excluding depreciation and amortization 1,724,040 1,832,812 5,401,666 5,698,407
Software Sales [Member]        
Revenues        
Total revenues 192,367 1,501,820 2,593,877 3,885,828
Cost of revenues        
Total cost of revenues excluding depreciation and amortization $ 100,717 $ 1,488,238 $ 2,430,139 $ 3,798,607

Source