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15. Unaudited Quarterly Results of Operations

12 Months Ended

Dec. 31, 2020

Quarterly Financial Information Disclosure [Abstract]

Unaudited Quarterly Results of Operations

The following table displays our unaudited consolidated statement of operations for the fourth quarter ended December 31, 2020 and December 31, 2019:

		Three months ended
		December 31, 2020				December 31, 2019
Franchise royalties		$	3,229,658			$	5,396,922
Service revenue			175,817				475,748
Total revenue			3,405,475				5,872,670
Selling, general and administrative expenses			2,158,276				3,131,312
Depreciation and amortization			32,528				324,502
Income (loss) from operations			1,214,671				2,416,856
Other miscellaneous income			238,365				(616	)
Interest and other financing expense			(10,490	)			(37,748	)
Net income before income taxes			1,442,546				2,378,492
Provision (benefit) for income taxes			86,446				(1,399,406	)
Income (loss) from continuing operations			1,356,100				3,777,898
Income from discontinued operations, net of tax			-				(315,067	)
Net income (loss)		$	1,356,100			$	3,462,831

Basic earnings per share
Continuing operations		$	0.10			$	0.28
Discontinued operations			-				(0.02	)
Total		$	0.10			$	0.26

Diluted earnings per share
Continuing operations		$	0.10			$	0.28
Discontinued operations			-				(0.02	)
Total		$	0.10			$	0.26