Annual report [Section 13 and 15(d), not S-K Item 405]

Consolidated Income Statements

v3.25.4
Consolidated Income Statements - USD ($)
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Revenues:    
Total revenues $ 54,895,592 $ 52,163,430
Cost of revenues:    
Total cost of revenues 11,225,474 11,516,848
Selling and marketing expenses 13,299,399 10,973,610
Depreciation and amortization 1,644,161 1,371,389
General and administrative expenses 29,632,036 30,124,589
Total selling, general and administrative expenses 44,575,596 42,469,588
Net loss on disposition or impairment 7,898 66,019
Loss from continuing operations (913,376) (1,889,025)
Other income, net 683,872 280,287
Loss from continuing operations before income tax expense (229,504) (1,608,738)
Income tax expense 38,653 5,606
Net loss from continuing operations (268,157) (1,614,344)
Discontinued operations:    
Income (loss) from discontinued operations before income tax expense 3,200,629 (3,972,286)
Income tax expense from discontinued operations 25,207 210,263
Net income (loss) from discontinued operations 3,175,422 (4,182,549)
Net income (loss) $ 2,907,265 $ (5,796,893)
Net (loss) income from continuing operations per common share:    
Basic (in dollars per share) $ (0.02) $ (0.11)
Diluted (in dollars per share) (0.02) (0.11)
Net income (loss) from discontinued operations per common share:    
Basic (in dollars per share) 0.21 (0.28)
Diluted (in dollars per share) 0.21 (0.28)
Net income (loss) per common share:    
Net income (loss) per common share, basic (in dollars per share) 0.19 (0.39)
Net income (loss) per common share, diluted (in dollars per share) $ 0.19 $ (0.38)
Basic weighted average shares outstanding (in shares) 15,134,215 14,919,091
Diluted weighted average shares outstanding (in shares) 15,186,868 15,147,247
Royalty fees    
Revenues:    
Total revenues $ 33,203,885 $ 32,144,796
Franchise fees    
Revenues:    
Total revenues 3,371,504 2,997,850
Cost of revenues:    
Cost of revenues 9,500,559 10,063,644
Advertising fund revenue    
Revenues:    
Total revenues 10,451,281 9,180,281
Software fees    
Revenues:    
Total revenues 6,037,385 5,687,326
Cost of revenues:    
Cost of revenues 1,724,915 1,453,204
Other revenues    
Revenues:    
Total revenues $ 1,831,537 $ 2,153,177