v3.23.3
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Total revenues and other income $ 20,934,323 $ 12,368,293 $ 56,537,252 $ 49,702,659
Total cost of revenues 18,077,605 9,775,697 47,964,054 38,706,102
Gross profit 2,856,718 2,592,596 8,573,198 10,996,557
Operating expenses:        
General and administrative 5,000,846 5,792,418 17,974,049 14,758,506
Stock-based compensation 722,647 96,767 1,824,835 1,860,767
Intangible asset amortization 241,832 304,339 816,015 773,063
Business development 0 3,299,864 0 3,299,864
Total operating expenses 5,965,325 9,493,388 20,614,899 20,692,200
Loss from operations (3,108,607) (6,900,792) (12,041,701) (9,695,643)
Non-operating income (expense):        
Interest expense (39,928) (7,088) (158,134) (22,270)
Interest income 19,461 94,200 167,652 221,329
Write-down of investment (258,492) (1,710,358) (258,492) (1,710,358)
Contingent consideration 0 0 (160,232) 0
Loss on settlement 0 0 (1,500,000) 0
Other income (expense) (28,605) (210,399) (172,344) (147,528)
Total non-operating income (expense) (307,564) (1,833,645) (2,081,550) (1,658,827)
Loss before income taxes (3,416,171) (8,734,437) (14,123,251) (11,354,470)
Income tax benefit 48,383 73,654 167,481 258,166
Net loss (3,367,788) (8,660,783) (13,955,770) (11,096,304)
Comprehensive loss $ (3,367,788) $ (8,660,783) $ (13,955,770) $ (11,096,304)
Loss per share – basic (in dollars per share) $ (0.29) $ (0.81) $ (1.29) $ (1.05)
Loss per share – diluted (in dollars per share) $ (0.29) $ (0.81) $ (1.29) $ (1.05)
Weighted average shares – basic (in shares) 11,649,790 10,674,796 10,859,820 10,577,453
Weighted average shares – diluted (in shares) 11,649,790 10,674,796 10,859,820 10,577,453
Equipment systems        
Revenues:        
Total revenues and other income $ 3,043,659 $ 3,879,272 $ 10,575,367 $ 31,024,187
Total cost of revenues 2,766,116 3,212,285 9,287,704 26,132,828
Services        
Revenues:        
Total revenues and other income 2,898,739 2,839,338 9,403,968 9,505,396
Total cost of revenues 1,768,164 1,796,968 5,715,548 4,677,887
Construction design-build        
Revenues:        
Total revenues and other income 14,813,486 5,384,267 36,068,435 8,301,588
Total cost of revenues 13,413,067 4,570,506 32,605,681 7,263,206
Other        
Revenues:        
Total revenues and other income 178,439 265,416 489,482 871,488
Total cost of revenues $ 130,258 $ 195,938 $ 355,121 $ 632,181

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