Annual report pursuant to Section 13 and 15(d)

Statements of Operations and Comprehensive Income (Loss)

v3.21.1
Statements of Operations and Comprehensive Income (Loss) - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Revenues    
Total revenues $ 13,903,071 $ 10,164,981
Cost of revenues    
Total cost of revenues 11,693,738 8,765,002
Gross profit 2,209,333 1,399,979
Selling, general and administrative expenses 1,504,077 1,875,255
Commission expense 293,408 252,511
Income (loss) from operations 411,848 (727,787)
Other income 1,531 10,541
Income (loss) before provision for income taxes 413,379 (717,246)
Provision for income taxes
Net income (loss) 413,379 (717,246)
Comprehensive income (loss) $ 413,379 $ (717,246)
Net income (loss) per commion share - basic (in dollars per share) $ 0.04 $ (0.06)
Net income (loss) per commion share - diluted (in dollars per share) $ 0.03 $ (0.06)
Weighted average common shares outstanding    
Basic (in shares) 11,222,826 11,208,308
Diluted (in shares) 12,049,322 11,208,308
Professional Fees [Member]    
Revenues    
Total revenues $ 5,527,139 $ 3,243,790
Cost of revenues    
Total cost of revenues 3,566,229 1,981,231
Software Sales [Member]    
Revenues    
Total revenues 8,375,932 6,921,191
Cost of revenues    
Total cost of revenues $ 8,127,509 $ 6,783,771