Annual report pursuant to Section 13 and 15(d)

Statements of Operations and Comprehensive Loss

v3.20.1
Statements of Operations and Comprehensive Loss - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Revenues    
Total revenues $ 10,164,981 $ 8,933,775
Cost of revenues    
Total cost of revenues 8,765,002 6,790,937
Gross profit 1,399,979 2,142,838
Selling, general and administrative expenses 1,875,255 1,745,320
Commission expense 252,511 459,863
Loss from operations (727,787) (62,345)
Other income 10,541 11,311
Loss before provision for income taxes (717,246) (51,034)
Provision for income taxes
Net loss (717,246) (51,034)
Comprehensive loss $ (717,246) $ (51,034)
Net loss per commion share - basic (in dollars per share) $ (0.06)
Net loss per commion share - diluted (in dollars per share) $ (0.06)
Weighted average common shares outstanding    
Basic (in shares) 11,208,308 11,201,760
Diluted (in shares) 11,208,308 11,201,760
Professional Fees [Member]    
Revenues    
Total revenues $ 3,243,790 $ 4,392,311
Cost of revenues    
Total cost of revenues 1,981,231 2,380,670
Software Sales [Member]    
Revenues    
Total revenues 6,921,191 4,541,464
Cost of revenues    
Total cost of revenues $ 6,783,771 $ 4,410,267