v3.23.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 6 Months Ended | ||
|---|---|---|---|---|
Jun. 30, 2023 |
Jun. 30, 2022 |
Jun. 30, 2023 |
Jun. 30, 2022 |
|
| Revenues: | ||||
| Total revenues | $ 4,258,430 | $ 3,415,643 | $ 8,445,263 | $ 6,119,155 |
| Cost of revenues: | ||||
| Total cost of revenues | 1,667,997 | 1,226,625 | 3,208,991 | 2,298,300 |
| Gross profit | 2,590,433 | 2,189,018 | 5,236,272 | 3,820,855 |
| Operating expenses: | ||||
| General and administrative | 1,561,939 | 1,254,862 | 3,116,550 | 2,190,553 |
| Change in fair value of earnout liabilities | 52,301 | 116,505 | ||
| Transaction costs | 285,230 | 355,281 | ||
| Sales and marketing | 492,303 | 529,405 | 1,071,814 | 881,519 |
| Depreciation and amortization | 239,803 | 200,919 | 467,521 | 318,221 |
| Total operating expenses | 2,294,045 | 2,322,717 | 4,655,885 | 3,862,079 |
| Income (loss) from operations | 296,388 | (133,699) | 580,387 | (41,224) |
| Interest expense | (160,654) | (240,468) | (332,090) | (353,069) |
| Net income (loss) | $ 135,734 | $ (374,167) | $ 248,297 | $ (394,293) |
| Basic net income (loss) per share: | $ 0.03 | $ (0.09) | $ 0.06 | $ (0.11) |
| Diluted net income (loss) per share: | $ 0.03 | $ (0.09) | $ 0.06 | $ (0.11) |
| Weighted average number of common shares outstanding - basic | 4,073,757 | 4,073,757 | 4,073,757 | 3,455,761 |
| Weighted average number of common shares outstanding - diluted | 4,073,757 | 4,073,757 | 4,073,757 | 3,455,761 |
| Sale of Software [Member] | ||||
| Revenues: | ||||
| Total revenues | $ 63,646 | $ 11,105 | $ 78,939 | $ 75,596 |
| Cost of revenues: | ||||
| Total cost of revenues | 7,344 | 7,392 | 15,525 | 33,585 |
| Software As a Service [Member] | ||||
| Revenues: | ||||
| Total revenues | 1,277,918 | 1,158,456 | 2,516,350 | 1,589,677 |
| Cost of revenues: | ||||
| Total cost of revenues | 258,382 | 191,188 | 479,022 | 282,437 |
| Software Maintenance Services [Member] | ||||
| Revenues: | ||||
| Total revenues | 349,139 | 343,881 | 698,681 | 680,483 |
| Cost of revenues: | ||||
| Total cost of revenues | 15,117 | 19,185 | 31,833 | 37,485 |
| Professional Services [Member] | ||||
| Revenues: | ||||
| Total revenues | 2,298,316 | 1,625,765 | 4,597,605 | 3,213,713 |
| Cost of revenues: | ||||
| Total cost of revenues | 1,307,341 | 918,542 | 2,494,457 | 1,766,709 |
| Storage and Retrieval Services [Member] | ||||
| Revenues: | ||||
| Total revenues | 269,411 | 276,436 | 553,688 | 559,686 |
| Cost of revenues: | ||||
| Total cost of revenues | $ 79,813 | $ 90,318 | $ 188,154 | $ 178,084 |
| X | ||||||||||
- Definition Adjustment to fair value of contingent consideration earnout. No definition available.
|
| X | ||||||||||
- Definition The capitalized costs incurred during the period (excluded from amortization) to purchase, lease or otherwise acquire an unproved property, including costs of lease bonuses and options to purchase or lease properties, the portion of costs applicable to minerals when land including mineral rights is purchased in fee, brokers' fees, recording fees, legal costs, and other costs incurred in acquiring properties. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The aggregate cost of goods produced and sold and services rendered during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/exampleRef
|
| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- References No definition available.
|
| X | ||||||||||
- Definition The aggregate total amount of expenses directly related to the marketing or selling of products or services. No definition available.
|
| X | ||||||||||
- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|
| X | ||||||||||
- Details
|