Income Statement

v3.19.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenues:        
Revenue from Contract with Customer $ 12,726,377 $ 9,241,687 $ 34,575,732 $ 26,693,437
Cost of revenues:        
Total cost of revenues 1,426,869 1,084,707 3,931,958 3,108,623
Selling and marketing expenses 1,793,229 1,194,595 5,068,585 3,590,562
Depreciation and amortization 538,372 389,269 1,308,515 1,181,661
General and administrative expenses 8,297,680 6,476,903 22,078,244 18,613,101
Total selling, general and administrative expenses 10,629,281 8,060,767 28,455,344 23,385,324
Net loss on disposition or impairment 29,848 343,255 116,775 594,934
Income (loss) from operations 640,379 (247,042) 2,071,655 (395,444)
Other income (expense):        
Bargain purchase gain 19,298 30,455
Other expense, net (16,697) (10,672) (43,469) (32,582)
Total other expense (16,697) (10,672) (24,171) (2,127)
Income (loss) before income tax (expense) benefit 623,682 (257,714) 2,047,484 (397,571)
Income tax (expense) benefit (6,702) 50,171 (15,597) 107,575
Net income (loss) and comprehensive income (loss) 616,980 (207,543) 2,031,887 (289,996)
Less: income (loss) attributable to the non-controlling interest
Net income (loss) attributable to The Joint Corp. stockholders $ 616,980 $ (207,543) $ 2,031,887 $ (289,996)
Earnings (loss) per share:        
Basic earnings (loss) per share (in dollars per share) $ 0.04 $ (0.02) $ 0.15 $ (0.02)
Diluted earnings (loss) per share (in dollars per share) $ 0.04 $ (0.02) $ 0.14 $ (0.02)
Basic weighted average shares (in shares) 13,846,045 13,727,712 13,798,593 13,646,599
Diluted weighted average shares (in shares) 14,526,538 13,727,712 14,442,203 13,646,599
Revenues and Management Fees from Company Clinics [Member]        
Revenues:        
Revenue from Contract with Customer $ 6,829,576 $ 4,853,841 $ 18,245,940 $ 14,328,152
Royalty [Member]        
Revenues:        
Revenue from Contract with Customer 3,447,270 2,588,666 9,737,616 7,283,839
Franchise [Member]        
Revenues:        
Revenue from Contract with Customer 541,339 457,516 1,405,678 1,254,997
Cost of revenues:        
Cost of Goods and Services Sold 1,318,966 1,005,162 3,634,397 2,855,712
Advertising [Member]        
Revenues:        
Revenue from Contract with Customer 978,209 736,987 2,797,576 2,083,769
Technology Service [Member]        
Revenues:        
Revenue from Contract with Customer 514,350 324,250 1,256,711 947,635
Cost of revenues:        
Cost of Goods and Services Sold 107,903 79,545 297,561 252,911
Regional Developer Fees [Member]        
Revenues:        
Revenue from Contract with Customer 210,233 142,651 594,615 410,075
Product and Service, Other [Member]        
Revenues:        
Revenue from Contract with Customer $ 205,400 $ 137,776 $ 537,596 $ 384,970

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