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Consolidated Statements of Income (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Consolidated Statements of Income (Unaudited)        
Franchise royalties $ 5,450,506 $ 2,639,287 $ 8,709,542 $ 6,344,529
Service revenue 255,822 261,703 399,768 676,441
Total revenue 5,706,328 2,900,990 9,109,310 7,020,970
Selling, general and administrative expenses 2,040,621 1,931,076 5,882,393 5,184,447
Depreciation and amortization 365,995 32,402 698,835 64,215
Income from operations 3,299,712 937,512 2,528,082 1,772,308
Other miscellaneous income 126,300 288,837 4,042,280 539,545
Interest and other financing expense (20,317) (17,850) (24,917) (29,139)
Net income before income taxes 3,405,695 1,208,499 6,545,445 2,282,714
Provision for income taxes 685,884 51,497 83,590 250,534
Net income $ 2,719,811 $ 1,157,002 $ 6,461,855 $ 2,032,180
Earnings per share        
Basic $ 0.20 $ 0.09 $ 0.47 $ 0.15
Diluted $ 0.20 $ 0.09 $ 0.47 $ 0.15
Weighted average shares outstanding        
Basic 13,611,207 13,547,950 13,607,009 13,540,599
Diluted 13,863,924 13,549,727 13,834,013 13,542,758