XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Total revenues $ 7,265,000 $ 6,545,000 $ 18,752,000 $ 16,126,000
Costs of revenues:        
Total costs of revenues 4,085,000 3,617,000 11,045,000 9,327,000
Gross profit 3,180,000 2,928,000 7,707,000 6,799,000
Selling, general and administrative expenses 2,106,000 1,790,000 5,697,000 5,290,000
Income from operations 1,074,000 1,138,000 2,010,000 1,509,000
Other income/(expense):        
Dividend income from Progressive Beef 50,000 30,000 150,000 90,000
Other income, net 1,000 2,000 1,000
Loan forgiveness from Paycheck Protection Program     1,037,000
Gain on sale of assets     9,000
Impairment of digital assets (42,000) (42,000)
Loss on foreign currency exchange (2,000) (35,000) (9,000)
Interest expense (1,000) (2,000) (5,000)
Income before income taxes 1,083,000 1,165,000 2,083,000 2,632,000
Income tax expense 298,000 298,000 579,000 413,000
Net income $ 785,000 $ 867,000 $ 1,504,000 $ 2,219,000
Per share - net income:        
Basic $ 0.13 $ 0.14 $ 0.25 $ 0.36
Diluted $ 0.13 $ 0.14 $ 0.25 $ 0.36
Weighted average number of common shares outstanding:        
Basic 5,936 6,094 6,019 6,146
Diluted 6,016 6,157 6,101 6,207
Verification and Certification Service Revenue [Member]        
Revenues:        
Total revenues $ 5,169,000 $ 4,701,000 $ 12,917,000 $ 11,659,000
Costs of revenues:        
Total costs of revenues 2,900,000 2,438,000 7,261,000 6,363,000
Product Sales [Member]        
Revenues:        
Total revenues 1,588,000 1,383,000 3,473,000 3,071,000
Costs of revenues:        
Total costs of revenues 826,000 864,000 1,885,000 1,969,000
Software and Related Consulting Revenue [Member]        
Revenues:        
Total revenues 508,000 461,000 2,362,000 1,396,000
Costs of revenues:        
Total costs of revenues $ 359,000 $ 315,000 $ 1,899,000 $ 995,000