v3.24.2.u1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Total revenues $ 4,641,593 $ 4,258,430 $ 9,148,677 $ 8,445,263
Cost of revenues:        
Total cost of revenues 1,638,614 1,667,997 3,246,054 3,208,991
Gross profit 3,002,979 2,590,433 5,902,623 5,236,272
Operating expenses:        
General and administrative 2,025,796 1,561,939 4,154,289 3,116,550
Sales and marketing 530,439 492,303 1,072,060 1,071,814
Depreciation and amortization 274,638 239,803 538,648 467,521
Total operating expenses 2,830,873 2,294,045 5,764,997 4,655,885
Income from operations 172,106 296,388 137,626 580,387
Interest expense, net (97,056) (160,654) (237,290) (332,090)
Net income (loss) $ 75,050 $ 135,734 $ (99,664) $ 248,297
Basic net income (loss) per share: $ 0.02 $ 0.03 $ (0.02) $ 0.06
Diluted net income (loss) per share: $ 0.02 $ 0.03 $ (0.02) $ 0.06
Weighted average number of common shares outstanding - basic 4,229,518 4,073,757 4,171,570 4,073,757
Weighted average number of common shares outstanding - diluted 4,722,063 4,073,757 4,171,570 4,073,757
Sale of Software [Member]        
Revenues:        
Total revenues $ 14,933 $ 63,646 $ 20,712 $ 78,939
Cost of revenues:        
Total cost of revenues 1,125 7,344 6,190 15,525
Software as a Service [Member]        
Revenues:        
Total revenues 1,400,591 1,277,918 2,805,744 2,516,350
Cost of revenues:        
Total cost of revenues 217,586 258,382 433,578 479,022
Software Maintenance Services [Member]        
Revenues:        
Total revenues 353,966 349,139 711,949 698,681
Cost of revenues:        
Total cost of revenues 13,364 15,117 29,074 31,833
Professional Services [Member]        
Revenues:        
Total revenues 2,662,358 2,298,316 5,142,036 4,597,605
Cost of revenues:        
Total cost of revenues 1,344,541 1,307,341 2,628,604 2,494,457
Storage and Retrieval Services [Member]        
Revenues:        
Total revenues 209,745 269,411 468,236 553,688
Cost of revenues:        
Total cost of revenues $ 61,998 $ 79,813 $ 148,608 $ 188,154

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