XML 20 R4.htm IDEA: XBRL DOCUMENT v3.21.1
CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]      
Revenues $ 30,191,069 $ 23,834,129 $ 18,531,178
Cost of revenue (16,206,823) (7,531,800) (6,108,676)
Gross profit 13,984,246 16,302,329 12,422,502
Operating expenses:      
Selling (522,168) (928,680) (759,647)
Research and development (281,618) (1,031,204) (286,842)
General and administrative expenses (3,613,361) (4,860,189) (3,058,548)
Total operating expenses (4,417,147) (6,820,073) (4,105,037)
Income from operations 9,567,099 9,482,256 8,317,465
Other income (expense)      
Interest income 147,840 629 219,001
Interest expense (439,607) (171,938) (142,641)
Other finance expenses (82,338) (4,415) (3,656)
Other income, net 864,198 221,146 134,667
Total other income, net 490,093 45,422 207,371
Income before income taxes 10,057,192 9,527,678 8,524,836
Provision for income taxes 1,776,175 453,724 605,428
Net income 8,281,017 9,073,954 7,919,408
Other comprehensive (loss) income Foreign currency translation adjustment (3,220,363) (521,738) (1,474,126)
Comprehensive income 5,060,654 8,552,216 6,445,282
Less: Comprehensive income attributable to non-controlling interests (111,404)
Comprehensive income attributable to Blue Hat Interactive Entertainment shareholders $ 4,949,250 $ 8,552,216 $ 6,445,282
Weighted average number of ordinary shares Basic 38,553,694 35,141,114 33,000,000
Weighted average number of ordinary shares Diluted 38,553,694 35,141,114 33,000,000
Earnings per share basic $ 0.21 $ 0.26 $ 0.24
Earnings per share diluted $ 0.21 $ 0.26 $ 0.24