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Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Revenue (note 3) $ 94,909,100 $ 36,839,149 $ 210,017,302 $ 95,061,265
Cost of revenue (note 2) 57,215,728 19,305,416 123,495,466 51,512,534
Gross profit 37,693,372 17,533,733 86,521,836 43,548,731
Selling and marketing expenses 22,621,062 8,267,996 50,111,103 23,640,914
General and administrative expenses 11,140,030 4,752,428 28,066,228 13,178,593
Total operating expenses 33,761,092 13,020,424 78,177,331 36,819,507
Income from operations 3,932,280 4,513,309 8,344,505 6,729,224
Other income (expense):        
Interest income on note receivable (note 6) 76,473 78,690 239,586 268,709
Interest expense on bonds (144,021) (391,458)
Interest on other obligations (4,524) (3,419) (7,496) (13,400)
Amortization of discount on bonds payable (178,649) (506,100)
Other miscellaneous income/(expense) (97,038) (62,817) (27,614)
Gain on lease cancellations 152,112
Foreign exchange gain/(loss) (327,581) 550,510 (451,217) 646,515
Total other income/(expense) (352,670) 240,294 (219,127) 128,764
Net income before income taxes 3,579,610 4,753,603 8,125,378 6,857,988
Income tax expense 833,819 833,819
Net income 2,745,791 4,753,603 7,291,559 6,857,988
Other comprehensive income:        
       Foreign currency translation gain/(loss) 1,282,683 110,027 1,367,169 (113,144)
            Comprehensive Income $ 4,028,474 $ 4,863,630 $ 8,658,728 $ 6,744,844
Income per share:        
Basic $ 0.04 $ 0.07 $ 0.10 $ 0.10
Diluted $ 0.03 $ 0.06 $ 0.09 $ 0.09
Weighted average shares outstanding:        
Basic 74,609,195 70,473,351 73,758,731 70,184,071
Diluted [1] 78,473,866 74,848,239 77,782,459 73,524,209
[1] Please refer to Earnings Per Share section for further details.