XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues:        
Total revenues $ 3,859,627 $ 3,171,362 $ 9,978,782 $ 8,716,227
Cost of revenues:        
Total cost of revenues 1,353,442 1,255,641 3,651,742 3,381,535
Gross profit 2,506,185 1,915,721 6,327,040 5,334,692
Operating expenses:        
General and administrative 1,333,285 1,027,932 3,532,672 3,125,019
Change in fair value of earnout liabilities 28,494 144,999 77,211
Transaction costs 355,281
Sales and marketing 492,540 372,399 1,374,059 1,004,305
Depreciation and amortization 193,863 105,923 503,250 302,239
Total operating expenses 2,048,182 1,506,254 5,910,261 4,508,774
Income from operations 458,003 409,467 416,779 825,918
Other income (expense)        
Gain on extinguishment of debt 845,083
Interest expense (240,467) (113,030) (593,536) (339,345)
Total other (expense) income, net (240,467) (113,030) (593,536) 505,738
Income (loss) before income taxes 217,536 296,437 (176,757) 1,331,656
Income tax benefit
Net income (loss) $ 217,536 $ 296,437 $ (176,757) $ 1,331,656
Basic net income (loss) per share: $ 0.05 $ 0.11 $ (0.05) $ 0.47
Diluted net income (loss) per share: $ 0.05 $ 0.10 $ (0.05) $ 0.43
Weighted average number of common shares outstanding - basic 4,073,757 2,823,072 3,664,024 2,822,938
Weighted average number of common shares outstanding - diluted 4,695,162 3,104,334 3,664,024 3,105,175
Sale of Software [Member]        
Revenues:        
Total revenues $ 18,390 $ 58,779 $ 93,986 $ 73,971
Cost of revenues:        
Total cost of revenues 10,647 3,691 44,232 10,050
Software as a Service [Member]        
Revenues:        
Total revenues 1,211,407 352,192 2,801,084 1,052,072
Cost of revenues:        
Total cost of revenues 207,502 73,596 489,939 241,717
Software Maintenance Services [Member]        
Revenues:        
Total revenues 352,892 336,732 1,033,375 1,012,251
Cost of revenues:        
Total cost of revenues 19,024 18,270 56,509 64,930
Professional Services [Member]        
Revenues:        
Total revenues 2,007,613 2,165,030 5,221,326 5,715,273
Cost of revenues:        
Total cost of revenues 1,028,074 1,042,249 2,794,783 2,765,241
Storage and Retrieval Services [Member]        
Revenues:        
Total revenues 269,325 258,629 829,011 862,660
Cost of revenues:        
Total cost of revenues $ 88,195 $ 117,835 $ 266,279 $ 299,597