Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Income Statements

v3.20.2
Condensed Consolidated Income Statements - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenues:        
Revenues $ 15,410,553 $ 12,726,377 $ 41,644,832 $ 34,575,732
Cost of Revenue [Abstract]        
Cost of revenues 1,712,246 1,426,869 4,566,042 3,931,958
Selling and marketing expenses 1,845,601 1,793,229 5,684,556 5,068,585
Depreciation and amortization 714,288 538,372 2,061,937 1,308,515
General and administrative expenses 9,433,062 8,297,680 26,668,420 22,078,244
Total selling, general and administrative expenses 11,992,951 10,629,281 34,414,913 28,455,344
Net (gain) loss on disposition or impairment 0 29,848 (53,413) 116,775
Income from operations 1,705,356 640,379 2,717,290 2,071,655
Other (expense) income:        
Bargain purchase gain 0 0 0 19,298
Other expense, net (25,667) (16,697) (55,248) (43,469)
Total other expense (25,667) (16,697) (55,248) (24,171)
Income before income tax expense 1,679,689 623,682 2,662,042 2,047,484
Income tax expense 75,730 6,702 127,551 15,597
Net income and comprehensive income 1,603,959 616,980 2,534,491 2,031,887
Less: income attributable to the non-controlling interest 0 0 0 0
Net income attributable to The Joint Corp. stockholders $ 1,603,959 $ 616,980 $ 2,534,491 $ 2,031,887
Earnings per share:        
Basic earnings per share (in dollars per share) $ 0.11 $ 0.04 $ 0.18 $ 0.15
Diluted earnings per share (in dollars per share) $ 0.11 $ 0.04 $ 0.17 $ 0.14
Basic weighted average shares (in shares) 14,033,535 13,846,045 13,968,635 13,798,593
Diluted weighted average shares (in shares) 14,593,107 14,526,538 14,523,329 14,442,203
Revenues from company-owned or managed clinics        
Revenues:        
Revenues $ 8,403,844 $ 6,829,576 $ 22,554,946 $ 18,245,940
Royalty fees        
Revenues:        
Revenues 4,170,692 3,447,270 11,157,575 9,737,616
Franchise fees/Franchise and regional development cost of revenues        
Revenues:        
Revenues 519,131 541,339 1,555,846 1,405,678
Cost of Revenue [Abstract]        
Cost of revenues 1,588,707 1,318,966 4,281,389 3,634,397
Advertising fund revenue        
Revenues:        
Revenues 1,187,666 978,209 3,176,080 2,797,576
Software fees/IT cost of revenues        
Revenues:        
Revenues 688,046 514,350 1,964,968 1,256,711
Cost of Revenue [Abstract]        
Cost of revenues 123,539 107,903 284,653 297,561
Regional developer fees        
Revenues:        
Revenues 222,908 210,233 643,974 594,615
Other revenues        
Revenues:        
Revenues $ 218,266 $ 205,400 $ 591,443 $ 537,596