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Note 14 - Unaudited Quarterly Results of Operations
 12 Months Ended
Dec. 31, 2021
Notes to Financial Statements  
Quarterly Financial Information [Text Block]

Note 14 – Unaudited Quarterly Results of Operations

 

The following table displays our unaudited consolidated statement of operations for the fourth quarter ended December 31, 2021 and December 31, 2020:

 

   

Three months ended

  
   

December 31,

    

December 31,

  
   

2021

    

2020

  

Franchise royalties

   $ 6,067,378     $ 3,229,658  

Staffing revenue, owned locations

     230,668       -  

Service revenue

     471,053       175,817  

Total revenue

     6,769,099       3,405,475  

Cost of staffing revenue, owned locations

     (170,548 )     -  

Gross profit

     6,598,551       3,405,475  

Selling, general and administrative expenses

     4,437,206       2,158,276  

Depreciation and amortization

     498,226       32,528  

Income from operations

     1,663,119       1,214,671  

Other miscellaneous income

     850,979       238,365  

Interest income

     127,480       161,014  

Interest and other financing expense

     (217,854 )     (171,504 )

Net income before income taxes

     2,423,724       1,442,546  

Provision for income taxes

     229,836       86,446  

Net income

   $ 2,193,888     $ 1,356,100  
                 

Earnings per share

                

Basic

   $ 0.16     $ 0.10  

Diluted

   $ 0.16     $ 0.10  
                 

Weighted average shares outstanding

                

Basic

     13,513,960       13,589,006  

Diluted

     13,634,995       13,731,644