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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues, net $ 4,145,269 $ 3,480,109 $ 12,290,635 $ 11,008,692
Cost of revenues 3,228,014 2,703,160 9,553,111 8,419,679
Gross profit 917,255 776,949 2,737,524 2,589,013
Operating expenses:        
Salaries and related 545,598 430,752 1,446,903 1,314,201
General and administrative 307,126 274,078 906,032 757,479
Share-based compensation 15,733 94,613 75,745 502,427
Amortization of other intangible assets 77,487 122,054 237,998 368,595
Total operating expenses 945,944 921,497 2,666,678 2,942,702
Income (loss) from operations (28,689) (144,548) 70,846 (353,689)
Provision for income taxes 77,272 0 157,261 956
Net loss $ (105,961) $ (144,548) $ (86,415) $ (354,645)
Net loss per share – basic and diluted (in dollars per share) $ (0.01) $ (0.02) $ (0.01) $ (0.05)
Weighted average number of common shares outstanding – basic and diluted (in shares) 7,786,284 7,773,263 7,778,319 7,334,018
Condensed consolidated statements of comprehensive loss:        
Net loss $ (105,961) $ (144,548) $ (86,415) $ (354,645)
Other comprehensive income (loss):        
Foreign currency translation adjustments (197,700) (75,131) (252,688) 11,407
Comprehensive loss $ (303,661) $ (219,679) $ (339,103) $ (343,238)