Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations and Comprehensive (Loss) Income

v3.22.1
Consolidated Statements of Operations and Comprehensive (Loss) Income - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Revenues    
Total revenues $ 15,033,504 $ 13,903,071
Cost of revenues    
Total cost of revenues 11,417,888 11,693,738
Gross profit 3,615,616 2,209,333
Selling, general and administrative expenses 5,487,984 1,797,485
Acquisition costs 754,781 0
(Loss) income from operations (2,627,149) 411,848
Other income (expense):    
Interest expense (37,325) (3,125)
Other income (expense), net 12,171 4,656
Gain on forgiveness of note payable 450,000 0
(Loss) income before provision for income taxes (2,202,303) 413,379
Income tax benefit 1,070,854 0
Net (loss) income (1,131,449) 413,379
Comprehensive (loss) income $ (1,131,449) $ 413,379
Basic (loss)/earnings per share (in dollars per share) $ (0.09) $ 0.04
Diluted (loss)/earnings per share (in dollars per share) $ (0.09) $ 0.03
Weighted average common shares outstanding    
Basic (in shares) 12,574,016 11,222,826
Diluted (in shares) 12,574,016 12,049,322
Professional Fees [Member]    
Revenues    
Total revenues $ 10,592,278 $ 5,527,139
Cost of revenues    
Total cost of revenues 7,082,767 3,566,229
Software Sales [Member]    
Revenues    
Total revenues 4,441,226 8,375,932
Cost of revenues    
Total cost of revenues $ 4,335,121 $ 8,127,509