v3.23.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (unaudited) - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Revenues:        
Total revenues and other income $ 18,837,544 $ 16,281,503 $ 35,602,930 $ 37,334,371
Total cost of revenues 15,962,910 12,779,557 29,886,448 28,930,405
Gross profit 2,874,634 3,501,946 5,716,482 8,403,966
Operating expenses:        
General and administrative 5,874,346 4,240,658 12,973,204 8,965,957
Stock-based compensation 622,547 882,000 1,102,188 1,764,000
Intangible asset amortization 264,165 306,225 574,184 468,725
Total operating expenses 6,761,058 5,428,883 14,649,576 11,198,682
Loss from operations (3,886,424) (1,926,937) (8,933,094) (2,794,716)
Non-operating income (expense):        
Interest expense (44,989) (7,658) (118,205) (15,317)
Interest income 75,061 47,275 148,191 127,126
Contingent consideration 0 0 (160,232) 0
Loss on settlement (1,500,000) 0 (1,500,000) 0
Other income (expense) (140,947) 71,563 (143,739) 62,874
Total non-operating income (expense) (1,610,875) 111,180 (1,773,985) 174,683
Loss before income taxes (5,497,299) (1,815,757) (10,707,079) (2,620,033)
Income tax benefit 53,966 76,453 119,097 184,512
Net loss (5,443,333) (1,739,304) (10,587,982) (2,435,521)
Comprehensive loss $ (5,443,333) $ (1,739,304) $ (10,587,982) $ (2,435,521)
Loss per share – basic (in dollars per share) $ (0.50) $ (0.17) $ (0.97) $ (0.23)
Loss per share – diluted (in dollars per share) $ (0.50) $ (0.17) $ (0.97) $ (0.23)
Weighted average shares – basic (in shares) 10,945,978 10,508,972 10,859,820 10,527,975
Weighted average shares – diluted (in shares) 10,945,978 10,508,972 10,859,820 10,527,975
Equipment systems        
Revenues:        
Total revenues and other income $ 4,619,887 $ 10,077,572 $ 7,531,711 $ 27,144,916
Total cost of revenues 4,008,911 8,617,945 6,521,587 22,920,542
Services        
Revenues:        
Total revenues and other income 3,034,574 3,027,556 6,505,227 6,666,062
Total cost of revenues 1,972,844 1,279,492 3,947,382 2,880,920
Construction design-build        
Revenues:        
Total revenues and other income 11,048,997 2,917,321 21,254,949 2,917,321
Total cost of revenues 9,888,907 2,692,700 19,192,615 2,692,700
Other        
Revenues:        
Total revenues and other income 134,086 259,054 311,043 606,072
Total cost of revenues $ 92,248 $ 189,420 $ 224,864 $ 436,243

Source

PDF HTML 10-Q Filing
ZIP XLS HTML XBRL