XML 54 R45.htm IDEA: XBRL DOCUMENT v3.22.1
The effect of the Restatement described above on the accompanying consolidated statement of operations for the three and six months ended June 30, 2020 is as follows: (Details) - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2021
Mar. 31, 2021
Dec. 31, 2020
Sep. 30, 2020
Jun. 30, 2020
Mar. 31, 2020
Jun. 30, 2021
Jun. 30, 2020
Dec. 31, 2020
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                  
Revenue $ 22,301,190       $ 19,740,767   $ 53,119,936 $ 36,599,154  
Cost of sales 18,704,588       17,924,428   44,603,246 34,629,831  
Gross profit 3,596,602       1,816,339   8,516,690 1,969,323  
Selling, general and administrative expenses 2,677,688       2,815,252   6,068,494 5,908,342  
Loss from operations 918,914       (998,913)   2,448,196 (3,939,019)  
Other expense:                  
Interest expense (293,685)       (360,126)   (588,174) (776,797)  
Loss before provision for income taxes 625,229       (1,359,039)   1,860,022 (4,715,816)  
Provision for income taxes 2,078       1,522   4,328 2,100  
Net income (loss) $ 623,151 $ 1,232,543 $ 223,398 $ 839,765 $ (1,360,561) $ (3,357,355) $ 1,855,694 $ (4,717,916)  
Loss per common share - basic $ 0.05       $ (0.11)   $ 0.15 $ (0.40)  
Loss per common share - diluted $ 0.05       $ (0.11)   $ 0.15 $ (0.40)  
Basic 12,188,197       11,855,404   12,086,299 11,846,260  
Diluted 12,255,950       11,855,404   12,154,052 11,846,260  
Previously Reported [Member]                  
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                  
Revenue         $ 19,740,767     $ 36,599,154  
Cost of sales         17,160,698     33,321,265  
Gross profit         2,580,069     3,277,889  
Selling, general and administrative expenses         2,815,252     5,908,342  
Loss from operations         (235,183)     (2,630,453)  
Other expense:                  
Interest expense         (360,126)     (776,797)  
Loss before provision for income taxes         (595,309)     (3,407,250)  
Provision for income taxes         1,522     2,100  
Net income (loss)     1,273,703 815,209 $ (596,831) (2,812,519)   $ (3,409,350)  
Loss per common share - basic         $ (0.05)     $ (0.29)  
Loss per common share - diluted         $ (0.05)     $ (0.29)  
Basic         11,855,404     11,846,260  
Diluted         11,855,404     11,846,260  
Inventory Costing Errors [Member]                  
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                  
Revenue              
Cost of sales         510,244     826,243  
Gross profit         (510,244)     (826,243)  
Loss from operations         (510,244)     (826,243)  
Other expense:                  
Interest expense                
Loss before provision for income taxes         (510,244)     (826,243)  
Provision for income taxes              
Net income (loss)     (1,071,395) (112,446) $ (510,244) (315,999)   $ (826,243) $ (2,010,084)
Loss per common share - basic         $ (0.04)     $ (0.07)  
Loss per common share - diluted         $ (0.04)     $ (0.07)  
Basic              
Diluted              
Loss Contract Reserve [Member]                  
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                  
Revenue              
Cost of sales         190,035     199,406  
Gross profit         (190,035)     (199,406)  
Loss from operations         (190,035)     (199,406)  
Other expense:                  
Interest expense                
Loss before provision for income taxes         (190,035)     (199,406)  
Provision for income taxes              
Net income (loss)     $ 99,921 $ 206,159 $ (190,035) $ (9,371)   $ (199,406)  
Loss per common share - basic         $ (0.02)     $ (0.02)  
Loss per common share - diluted         $ (0.02)     $ (0.02)  
Basic              
Diluted              
Additional Inventory Reserve [Member]                  
New Accounting Pronouncements or Change in Accounting Principle [Line Items]                  
Revenue              
Cost of sales         63,451     282,917  
Gross profit         (63,451)     (282,917)  
Loss from operations         (63,451)     (282,917)  
Other expense:                  
Interest expense                
Loss before provision for income taxes         (63,451)     (282,917)  
Provision for income taxes              
Net income (loss)         $ (63,451)     $ (282,917)  
Loss per common share - basic         $ (0.00)     $ (0.02)  
Loss per common share - diluted         $ (0.00)     $ (0.02)  
Basic              
Diluted