Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

v3.24.1
Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Revenues    
Total revenues $ 7,981,975 $ 11,022,982
Cost of revenues    
Total cost of revenues excluding depreciation and amortization 5,367,678 8,160,138
Gross profit 2,614,297 2,862,844
Selling, general and administrative expenses 5,842,132 8,281,801
Gain on litigation settlement (1,442,468) 0
Operating loss from continuing operations (1,785,367) (5,418,957)
Gain on sale of equity investment and settlement of contingent consideration receivable 382,525 0
Other income, net 10,596 7,107
Interest expense (103,256) (81,621)
Loss from continuing operations before income taxes and equity in net loss of affiliate (1,495,502) (5,493,471)
Income tax (benefit) expense (42,585) 812,457
Net loss from continuing operations before equity in net loss of affiliate (1,452,917) (6,305,928)
Equity in net loss of affiliate (245,525) 0
Net loss from continuing operations (1,698,442) (6,305,928)
Loss from discontinued operations (335,993) (11,447,910)
Net loss $ (2,034,435) $ (17,753,838)
Basic and diluted loss per share from continuing operations (in dollars per share) $ (0.87) $ (3.56)
Basic and diluted loss per share from discontinued operations (in dollars per share) (0.17) (6.47)
Basic and diluted net loss per share (in dollars per share) $ (1.04) $ (10.03)
Weighted average common shares outstanding    
Basic and diluted (in shares) 1,948,769 1,768,853
Professional Fees [Member]    
Revenues    
Total revenues $ 7,793,163 $ 8,347,052
Cost of revenues    
Total cost of revenues excluding depreciation and amortization 5,180,508 5,651,424
Software Sales [Member]    
Revenues    
Total revenues 188,812 2,675,930
Cost of revenues    
Total cost of revenues excluding depreciation and amortization $ 187,170 $ 2,508,714