v3.23.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
Sep. 30, 2023
Sep. 30, 2022
Revenues:        
Total revenues $ 4,248,429 $ 3,859,627 $ 12,693,692 $ 9,978,782
Cost of revenues:        
Total cost of revenues 1,642,838 1,353,442 4,851,829 3,651,742
Gross profit 2,605,591 2,506,185 7,841,863 6,327,040
Operating expenses:        
General and administrative 1,516,009 1,321,299 4,632,559 3,511,852
Change in fair value of earnout liabilities 28,494 144,999
Transaction costs 355,281
Sales and marketing 496,289 492,540 1,568,103 1,374,059
Depreciation and amortization 247,738 205,849 715,259 524,070
Total operating expenses 2,260,036 2,048,182 6,915,921 5,910,261
Income from operations 345,555 458,003 925,942 416,779
Interest expense (136,224) (240,467) (468,314) (593,536)
Net income (loss) $ 209,331 $ 217,536 $ 457,628 $ (176,757)
Basic net income (loss) per share: $ 0.05 $ 0.05 $ 0.11 $ (0.05)
Diluted net income (loss) per share: $ 0.05 $ 0.05 $ 0.10 $ (0.05)
Weighted average number of common shares outstanding - basic 4,073,757 4,073,757 4,073,757 3,664,024
Weighted average number of common shares outstanding - diluted 4,387,515 4,695,162 4,389,145 3,664,024
Sale of Software [Member]        
Revenues:        
Total revenues $ 9,422 $ 18,390 $ 88,361 $ 93,986
Cost of revenues:        
Total cost of revenues 5,889 10,647 21,414 44,232
Software As a Service [Member]        
Revenues:        
Total revenues 1,293,745 1,211,407 3,810,095 2,801,084
Cost of revenues:        
Total cost of revenues 200,104 207,502 679,126 489,939
Software Maintenance Services [Member]        
Revenues:        
Total revenues 353,010 352,892 1,051,691 1,033,375
Cost of revenues:        
Total cost of revenues 13,165 19,024 44,998 56,509
Professional Services [Member]        
Revenues:        
Total revenues 2,333,090 2,007,613 6,930,695 5,221,326
Cost of revenues:        
Total cost of revenues 1,338,526 1,028,074 3,832,983 2,794,783
Storage and Retrieval Services [Member]        
Revenues:        
Total revenues 259,162 269,325 812,850 829,011
Cost of revenues:        
Total cost of revenues $ 85,154 $ 88,195 $ 273,308 $ 266,279

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