v3.22.2.2
Condensed Consolidated Statements of Operations and Comprehensive (Loss) Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenues        
Total revenues $ 4,317,382 $ 4,731,961 $ 7,312,894 $ 8,151,541
Cost of revenues        
Total cost of revenues 3,387,601 3,776,033 6,007,048 6,175,963
Gross profit 929,781 955,928 1,305,846 1,975,578
Selling, general and administrative expenses 3,240,388 819,193 5,954,730 1,499,443
Acquisition costs 356,159 82,756 790,861 153,286
Change in fair value of contingent consideration (942,609) 0 (930,000) 0
(Loss) income from operations (1,724,157) 53,979 (4,509,745) 322,849
Other income (expense):        
Interest expense (19,818) (15,226) (39,137) (16,684)
Other income (expense), net 195 4,404 789 7,807
(Loss) income before provision for income taxes (1,743,780) 43,157 (4,548,093) 313,972
Income tax benefit 218,338 0 944,344 0
Net (loss) income (1,525,442) 43,157 (3,603,749) 313,972
Comprehensive (loss) income $ (1,525,442) $ 43,157 $ (3,603,749) $ 313,972
Net (loss) income per common share - basic (in dollars per share) $ (0.09) $ 0 $ (0.21) $ 0.03
Net (loss) income per common share - diluted (in dollars per share) $ (0.09) $ 0 $ (0.21) $ 0.03
Weighted average common shares outstanding        
Basic (in shares) 17,376,697 11,980,397 17,335,979 11,633,464
Diluted (in shares) 17,376,697 12,665,267 17,335,979 12,305,182
Professional Fees [Member]        
Revenues        
Total revenues $ 2,844,694 $ 3,328,274 $ 4,911,384 $ 5,767,533
Cost of revenues        
Total cost of revenues 1,965,611 2,397,895 3,677,626 3,865,594
Software Sales [Member]        
Revenues        
Total revenues 1,472,688 1,403,687 2,401,510 2,384,008
Cost of revenues        
Total cost of revenues $ 1,421,990 $ 1,378,138 $ 2,329,422 $ 2,310,369

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