Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.23.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Revenues    
Total revenues $ 12,021,952 $ 15,033,504
Cost of revenues    
Total cost of revenues excluding depreciation and amortization 9,441,794 11,417,888
Gross profit 2,580,158 3,615,616
Selling, general and administrative expenses 12,064,683 6,242,765
Change in fair value of contingent consideration (930,000) 0
Impairment of long-lived assets 3,762,915 0
Goodwill impairment 6,460,168 0
Loss from operations (18,777,608) (2,627,149)
Other income (expense)    
Interest expense (81,621) (37,325)
Other income, net 7,107 12,171
Gain on forgiveness of note payable 0 450,000
Loss before provision for income taxes (18,852,122) (2,202,303)
Income tax benefit 1,098,284 1,070,854
Net loss $ (17,753,838) $ (1,131,449)
Net loss per common share - basic and diluted (in dollars per share) $ (0.98) $ (0.09)
Weighted average common shares outstanding    
Basic and diluted (in shares) 18,057,455 12,574,016
Professional Fees [Member]    
Revenues    
Total revenues $ 9,346,022 $ 10,592,278
Cost of revenues    
Total cost of revenues excluding depreciation and amortization 6,933,080 7,082,767
Software Sales [Member]    
Revenues    
Total revenues 2,675,930 4,441,226
Cost of revenues    
Total cost of revenues excluding depreciation and amortization $ 2,508,714 $ 4,335,121