XML 52 R36.htm IDEA: XBRL DOCUMENT v3.21.1
15. Unaudited Quarterly Results of Operations (Tables)
12 Months Ended
Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]  
Unaudited quarterly results of operations
    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