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

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