v3.22.2.2
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
Revenue        
Total Revenue $ 12,368,293 $ 18,287,811 $ 49,702,659 $ 43,153,464
Cost of Revenue 9,775,697 14,029,677 38,706,102 33,332,303
Gross profit 2,592,596 4,258,134 10,996,557 9,821,161
Operating expenses:        
General and administrative 5,792,418 3,584,247 14,758,506 8,181,506
Intangible asset amortization 304,339 101,149 773,063 101,727
Business development 3,299,864 3,299,864
Stock-based compensation 96,767 506,034 1,860,767 1,096,441
Total operating expenses 9,493,388 4,191,430 20,692,200 9,379,674
Income (loss) from operations (6,900,792) 66,704 (9,695,643) 441,487
Non-operating income (expenses):        
Interest expense (7,088) (4,331) (22,270) (326,397)
Interest income 94,200 9,172 221,329 23,562
Write-down of investment (1,710,358) (1,710,358)
Interest expense – beneficial conversion of notes payable (636,075)
Loss on extinguishment of debt (790,723)
PPP Loan Forgiveness 1,032,316
Other income (expense) (210,399) (11,889) (147,528) (15,652)
Total non-operating income (expenses) (1,833,645) (7,048) (1,658,827) (712,969)
Income (loss) before income taxes (8,734,437) 59,656 (11,354,470) (271,482)
Income tax expense (benefit) (73,654) (258,166)
Net income (loss) (8,660,783) 59,656 (11,096,304) (271,482)
Comprehensive income (loss) $ (8,660,783) $ 59,656 $ (11,096,304) $ (271,482)
Earnings (loss) per share:        
Earnings (loss) per share - basic $ (0.81) $ 0.01 $ (1.05) $ (0.03)
Earnings (loss) per share - dilutive $ (0.81) $ 0.00 $ (1.05) $ (0.03)
Weighted average share - basic 10,674,796 11,440,255 10,577,453 10,177,482
Weighted average shares - dilutive 10,674,796 12,204,530 10,577,453 10,177,482
Equipment Systems [Member]        
Revenue        
Total Revenue $ 3,879,272 $ 16,454,321 $ 31,024,187 $ 39,978,388
Service [Member]        
Revenue        
Total Revenue 2,839,338 1,461,041 9,505,396 2,009,961
Construction Design-Build [Member]        
Revenue        
Total Revenue 5,384,267 8,301,588
Consumable Products [Member]        
Revenue        
Total Revenue $ 265,416 $ 372,449 $ 871,488 $ 1,165,115

Source