Income Statement

v3.19.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2019
Jun. 30, 2018
Revenues:        
Revenues from company-owned or managed clinics $ 11,169,979 $ 8,804,785 $ 21,849,356 $ 17,451,749
Cost of revenues:        
Total cost of revenues 1,299,149 1,051,584 2,505,090 2,023,916
Selling and marketing expenses 1,769,368 1,293,663 3,275,356 2,395,967
Depreciation and amortization 404,466 404,975 770,143 792,392
General and administrative expenses 7,227,662 5,867,512 13,780,566 12,136,198
Total selling, general and administrative expenses 9,401,496 7,566,150 17,826,065 15,324,557
Net (gain) loss on disposition or impairment (18,266) 251,290 86,927 251,678
Income (loss) from operations 487,600 (64,239) 1,431,274 (148,402)
Other income (expense):        
Bargain purchase gain 30,455 19,298 30,455
Other income (expense), net (15,126) (11,103) (26,771) (21,910)
Total other income (expense) (15,126) 19,352 (7,473) 8,545
Income (loss) before income tax (expense) benefit 472,474 (44,887) 1,423,801 (139,857)
Income tax (expense) benefit (10,214) (5,951) (8,896) 57,404
Net income (loss) and comprehensive income (loss) 462,260 (50,838) 1,414,905 (82,453)
Less: income (loss) attributable to the non-controlling interest
Net income (loss) attributable to The Joint Corp. stockholders $ 462,260 $ (50,838) $ 1,414,905 $ (82,453)
Earnings (loss) per share:        
Basic earnings (loss) per share (in dollars per share) $ 0.03 $ 0.10 $ (0.01)
Diluted earnings (loss) per share (in dollars per share) $ 0.03 $ 0.10 $ (0.01)
Basic weighted average shares (in shares) 13,797,497 13,622,710 13,774,474 13,605,370
Diluted weighted average shares (in shares) 14,477,007 13,622,710 14,390,320 13,605,370
Revenues and Management Fees from Company Clinics [Member]        
Revenues:        
Revenues from company-owned or managed clinics $ 5,777,288 $ 4,668,638 $ 11,416,365 $ 9,474,311
Royalty [Member]        
Revenues:        
Revenues from company-owned or managed clinics 3,263,530 2,421,185 6,290,346 4,695,173
Franchise [Member]        
Revenues:        
Revenues from company-owned or managed clinics 447,266 449,144 864,339 797,481
Cost of revenues:        
Cost of Goods and Services Sold 1,198,378 977,782 2,315,431 1,850,550
Advertising [Member]        
Revenues:        
Revenues from company-owned or managed clinics 927,800 687,752 1,819,367 1,346,782
Technology Service [Member]        
Revenues:        
Revenues from company-owned or managed clinics 377,125 315,910 742,361 623,385
Cost of revenues:        
Cost of Goods and Services Sold 100,771 73,802 189,659 173,366
Regional Developer Fees [Member]        
Revenues:        
Revenues from company-owned or managed clinics 200,524 137,412 384,381 261,423
Product and Service, Other [Member]        
Revenues:        
Revenues from company-owned or managed clinics $ 176,446 $ 124,744 $ 332,197 $ 253,194

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