XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.1
Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]    
Revenue $ 22,699,044 $ 20,024,769
Cost of revenue 3,281,951 3,272,565
Gross profit 19,417,093 16,752,204
Operating expenses    
Sales and marketing 2,652,148 1,197,546
General and administrative 2,922,195 2,935,689
Research and development 3,771,327 2,217,063
Depreciation and amortization 247,264 67,005
Total operating expenses 9,592,934 6,417,303
Income from operations 9,824,159 10,334,901
Other income (expense)    
Interest income 11,393 14,657
Loss on disposition of assets (93,421)
Gain on remeasurement of acquisition contingencies 3,379,890
(Loss) on equity method investment in joint venture (21,339) (464,943)
Total other income (expense) 3,276,523 (450,286)
Income before income taxes 13,100,682 9,884,615
Income tax provision 1,386,087 1,985,640
Net income $ 11,714,595 $ 7,898,975
Earnings per common share:    
Basic $ 0.35 $ 0.28
Diluted $ 0.34 $ 0.26
Weighted average shares outstanding:    
Basic 33,935,570 28,662,885
Diluted 34,711,476 30,002,729