Income Statement

v3.21.2
CONDENSED CONSOLIDATED INCOME STATEMENTS (unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Total revenues $ 20,991,621 $ 15,410,553 $ 58,758,383 $ 41,644,832
Cost of revenues:        
Total cost of revenues 2,300,122 1,712,246 6,103,976 4,566,042
Selling and marketing expenses 2,881,575 1,845,601 8,503,617 5,684,556
Depreciation and amortization 1,662,255 714,288 4,275,140 2,061,937
General and administrative expenses 12,812,331 9,433,062 34,513,378 26,668,420
Total selling, general and administrative expenses 17,356,161 11,992,951 47,292,135 34,414,913
Net (gain) loss on disposition or impairment (3,540) 0 16,967 (53,413)
Income from operations 1,338,878 1,705,356 5,345,305 2,717,290
Other expense, net (16,139) (25,667) (54,050) (55,248)
Income before income tax (benefit) expense 1,322,739 1,679,689 5,291,255 2,662,042
Income tax (benefit) expense (614,356) 75,730 (1,644,496) 127,551
Net income $ 1,937,095 $ 1,603,959 $ 6,935,751 $ 2,534,491
Earnings per share:        
Basic earnings per share (in dollars per share) $ 0.13 $ 0.11 $ 0.49 $ 0.18
Diluted earnings per share (in dollars per share) $ 0.13 $ 0.11 $ 0.46 $ 0.17
Basic weighted average shares (in shares) 14,388,905 14,033,535 14,286,818 13,968,635
Diluted weighted average shares (in shares) 14,970,328 14,593,107 14,931,759 14,523,329
Revenues from company-owned or managed clinics        
Revenues:        
Total revenues $ 11,634,009 $ 8,403,844 $ 32,537,942 $ 22,554,946
Royalty fees        
Revenues:        
Total revenues 5,714,637 4,170,692 15,816,500 11,157,575
Franchise fees/Franchise and regional development cost of revenues        
Revenues:        
Total revenues 648,598 519,131 1,967,680 1,555,846
Cost of revenues:        
Cost of revenues 1,907,874 1,588,707 5,319,278 4,281,389
Advertising fund revenue        
Revenues:        
Total revenues 1,627,693 1,187,666 4,521,342 3,176,080
Software fees/IT cost of revenues        
Revenues:        
Total revenues 840,969 688,046 2,387,543 1,964,968
Cost of revenues:        
Cost of revenues 392,248 123,539 784,698 284,653
Regional developer fees        
Revenues:        
Total revenues 209,651 222,908 642,041 643,974
Other revenues        
Revenues:        
Total revenues $ 316,064 $ 218,266 $ 885,335 $ 591,443

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