Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Income Statements

v3.24.2.u1
Condensed Consolidated Income Statements - USD ($)
 3 Months Ended 6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Jun. 30, 2024
Jun. 30, 2023
Revenues:        
Total revenues $ 30,260,561 $ 29,307,184 $ 59,982,727 $ 57,608,005
Cost of revenues:        
Total cost of revenues 2,826,672 2,595,512 5,542,748 5,070,197
Selling and marketing expenses 5,401,834 4,707,818 9,287,948 8,868,062
Depreciation and amortization 1,523,813 2,329,267 2,927,718 4,544,322
General and administrative expenses 22,570,908 19,904,796 42,834,600 39,943,272
Total selling, general and administrative expenses 29,496,555 26,941,881 55,050,266 53,355,656
Net loss on disposition or impairment 1,435,320 144,345 1,797,423 209,815
Loss from operations (3,497,986) (374,554) (2,407,710) (1,027,663)
Other income (expense), net 79,910 (106,520) 115,540 3,714,642
Income (loss) before income tax expense (3,418,076) (481,074) (2,292,170) 2,686,979
Income tax (benefit) expense 178,322 (160,585) 357,249 681,304
Net (loss) income $ (3,596,398) $ (320,489) $ (2,649,419) $ 2,005,675
Earnings (loss) per share:        
Basic (loss) earnings per share (in dollars per share) $ (0.24) $ (0.02) $ (0.18) $ 0.14
Diluted (loss) earnings per share (in dollars per share) $ (0.24) $ (0.02) $ (0.18) $ 0.13
Basic weighted average shares (in shares) 14,950,082 14,684,035 14,875,718 14,625,435
Diluted weighted average shares (in shares) 15,206,238 14,952,363 15,110,736 14,907,593
Revenues from company-owned or managed clinics        
Revenues:        
Total revenues $ 17,648,736 $ 17,802,838 $ 35,186,240 $ 34,930,795
Royalty fees        
Revenues:        
Total revenues 7,846,328 7,172,159 15,433,874 14,038,182
Franchise fees        
Revenues:        
Total revenues 719,103 671,368 1,374,977 1,425,794
Cost of revenues:        
Cost of revenues 2,458,186 2,236,442 4,799,951 4,377,277
Advertising fund revenue        
Revenues:        
Total revenues 2,240,838 2,041,050 4,407,311 3,993,455
Software fees/IT cost of revenues        
Revenues:        
Total revenues 1,415,036 1,234,812 2,801,812 2,444,817
Cost of revenues:        
Cost of revenues 368,486 359,070 742,797 692,920
Other revenues        
Revenues:        
Total revenues $ 390,520 $ 384,957 $ 778,513 $ 774,962