XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Consolidated Statements of Income (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Consolidated Statements of Income (Unaudited)        
Franchise royalties $ 6,540,125 $ 3,218,606 $ 15,249,667 $ 9,563,135
Service revenue 341,258 164,074 741,027 840,515
Total revenue 6,881,383 3,382,680 15,990,694 10,403,650
Selling, general and administrative expenses 3,044,358 1,357,725 8,926,751 6,542,173
Depreciation and amortization 366,027 32,438 1,064,863 96,654
Income from operations 3,470,998 1,992,517 5,999,080 3,764,823
Other miscellaneous income 89,774 392,709 4,132,054 932,254
Interest and other financing expense (41,943) (10,035) (66,860) (39,174)
Net income before income taxes 3,518,829 2,375,191 10,064,274 4,657,903
Provision for income taxes 324,638 404,058 408,228 654,592
Net income $ 3,194,191 $ 1,971,133 $ 9,656,046 $ 4,003,313
Earnings per share        
Basic $ 0.24 $ 0.15 $ 0.72 $ 0.30
Diluted $ 0.23 $ 0.15 $ 0.71 $ 0.30
Weighted average shares outstanding        
Basic 13,482,303 13,573,086 13,461,252 13,551,507
Diluted 13,621,938 13,574,863 13,587,585 13,553,619