XML 17 R4.htm IDEA: XBRL DOCUMENT v3.22.0.1
Consolidated Statements of Operations and Comprehensive Income (Unaudited) - USD ($)
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]    
Revenue (note 3) $ 314,271,559 $ 130,725,777
Cost of revenue (note 2) 186,103,035 69,752,032
Gross profit 128,168,524 60,973,745
Selling and marketing expenses 74,738,295 34,875,339
General and administrative expenses 57,519,745 18,187,406
Total operating expense 132,258,040 53,062,745
Income/(loss) from operations (4,089,516) 7,911,000
Other Income/(Expense):    
Interest income on note receivable (note 6) 314,833 355,821
Interest expense on bonds 0 (431,813)
Interest on other obligations (7,505) (16,004)
Amortization of discount on bonds payable (576,415)
Other miscellaneous expense (49,100)
Gain on lease cancellations 152,112
Foreign exchange gain/(loss) (276,259) 1,375,925
European deferred tax (note 14) (81,500)
Total Other Income/(Expense) 31,069 729,026
Net income (loss) before income taxes (4,058,447) 8,640,026
Income tax benefit (expense) (note 14) 7,995,720 (116,177)
Net income (loss) 3,937,273 8,523,849
Other comprehensive income:    
Foreign currency translation gain 815,793 551,378
Comprehensive Income $ 4,753,066 $ 9,075,227
Income/(Loss) per share:    
Basic $ 0.05 $ 0.12
Diluted $ 0.05 $ 0.11
Weighted average shares outstanding:    
Basic 73,781,130 70,195,085
Diluted1 77,688,501 74,443,601