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Consolidated Condensed Statements of Income (Operations) (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue $ 2,900,990 $ 3,238,665 $ 7,020,970 $ 6,710,915
Selling, general, and administrative expenses 1,931,076 871,444 5,184,447 2,423,865
Depreciation and amortization 32,402 21,393 64,215 35,430
Income from operations 937,512 2,345,828 1,772,308 4,521,620
Other miscellaneous income 288,837 218,471 539,545 246,860
Interest and other financing expense (17,850) (230,404) (29,139) (415,376)
Net income before income taxes 1,208,499 2,333,895 2,282,714 4,083,104
Provision for income taxes 51,497 48,181 250,534 99,606
Income from continuing operations 1,157,002 2,285,714 2,032,180 3,983,498
Income from discontinued operations, net of tax 0 20,382 0 40,083
Net income $ 1,157,002 $ 2,306,096 $ 2,032,180 $ 4,023,581
Basic earnings per share        
Continuing operations $ 0.09 $ 0.23 $ 0.15 $ 0.4
Discontinued operations 0 0 0 0
Total 0.09 0.23 0.15 0.4
Diluted earnings per share        
Continuing operations 0.09 0.23 0.15 0.4
Discontinued operations 0 0 0 0
Total $ 0.09 $ 0.23 $ 0.15 $ 0.4
Weighted average shares outstanding        
Basic 13,547,950 9,939,668 13,540,599 9,939,668
Diluted 13,549,727 9,939,668 13,542,758 9,939,668
Franchise Royalties        
Revenue $ 2,639,287 $ 2,981,420 $ 6,344,529 $ 6,137,556
Service Revenue        
Revenue $ 261,703 $ 257,245 $ 676,441 $ 573,359