v3.22.2.2
Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue        
Total Revenue $ 16,281,503 $ 12,831,297 $ 37,334,371 $ 24,865,653
Cost of Revenue 12,779,557 9,908,913 28,930,405 19,302,626
Gross profit 3,501,946 2,922,384 8,403,966 5,563,027
Operating expenses:        
General and administrative 4,240,658 2,400,417 8,965,957 4,597,257
Intangible asset amortization 306,225 411 468,725 578
Stock-based compensation 882,000 299,602 1,764,000 590,407
Total operating expenses 5,428,883 2,700,430 11,198,682 5,188,242
Income (loss) from operations (1,926,937) 221,954 (2,794,716) 374,784
Non-operating income (expenses):        
Interest expense (7,658) (4,624) (15,317) (322,067)
Interest income 47,275 11,531 127,126 14,390
Interest expense – beneficial conversion of notes payable (636,075)
Loss on extinguishment of debt (790,723)
PPP Loan Forgiveness 1,032,316 1,032,316
Other income (expense) 71,563 (3,733) 62,874 (3,764)
Total non-operating income (expenses) 111,180 1,035,490 174,683 (705,923)
Income (loss) before income taxes (1,815,757) 1,257,444 (2,620,033) (331,138)
Income tax expense (benefit) (76,453) (184,512)
Net income (loss) (1,739,304) 1,257,444 (2,435,521) (331,138)
Comprehensive income (loss) $ (1,739,304) $ 1,257,444 $ (2,435,521) $ (331,138)
Earnings (loss) per share:        
Earnings (loss) per share - basic $ (0.17) $ 0.11 $ (0.23) $ (0.03)
Earnings (loss) per share - dilutive $ (0.17) $ 0.11 $ (0.23) $ (0.03)
Weighted average share - basic 10,508,972 11,220,580 10,527,975 9,535,630
Weighted average shares - dilutive 10,508,972 11,725,282 10,527,975 9,535,630
Equipment Systems [Member]        
Revenue        
Total Revenue $ 10,077,572 $ 12,179,316 $ 27,144,916 $ 23,524,066
Construction Design/Build [Member]        
Revenue        
Total Revenue 2,917,321 2,917,321
Service [Member]        
Revenue        
Total Revenue 3,027,556 288,407 6,666,062 548,920
Consumable Products [Member]        
Revenue        
Total Revenue $ 259,054 $ 363,574 $ 606,072 $ 792,667

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