Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Income Statements

v3.25.1
Condensed Consolidated Income Statements - USD ($)
3 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Revenues:    
Total revenues $ 13,077,590 $ 12,184,716
Cost of revenues:    
Total cost of revenues 2,972,126 2,704,512
Selling and marketing expenses 3,505,150 2,237,583
Depreciation and amortization 361,930 329,634
General and administrative expenses 6,914,945 7,339,308
Total selling, general and administrative expenses 10,782,025 9,906,525
Net loss (gain) on disposition or impairment 1,973 275
Loss from operations (678,534) (426,596)
Other income (expense), net 185,917 36,259
Loss before income tax expense (492,617) (390,337)
Income tax (benefit) expense 13,404 8,582
Net loss from continuing operations (506,021) (398,919)
Discontinued operations:    
Income from discontinued operations before income tax expense 1,410,863 1,516,243
Income tax expense from discontinued operations 103,412 170,345
Net income from discontinued operations 1,307,451 1,345,898
Net income $ 801,430 $ 946,979
Net loss from continuing operations per common share:    
Basic (in dollars per share) $ (0.03) $ (0.03)
Diluted (in dollars per share) (0.03) (0.03)
Net income from discontinued operations per common share:    
Basic (in dollars per share) 0.09 0.09
Diluted (in dollars per share) 0.09 0.09
Net income per common share:    
Basic net income per share (in dollars per share) 0.05 0.06
Diluted net income per share (in dollars per share) $ 0.05 $ 0.06
Basic weighted average shares (in shares) 15,186,420 14,801,354
Diluted weighted average shares (in shares) 15,263,152 15,011,286
Royalty fees    
Revenues:    
Total revenues $ 8,070,985 $ 7,587,547
Franchise fees    
Revenues:    
Total revenues 828,519 655,874
Cost of revenues:    
Cost of revenues 2,551,235 2,341,765
Advertising fund revenue    
Revenues:    
Total revenues 2,307,502 2,166,472
Software fees    
Revenues:    
Total revenues 1,461,967 1,386,776
Cost of revenues:    
Cost of revenues 420,891 362,747
Other revenues    
Revenues:    
Total revenues $ 408,617 $ 388,047