Annual report pursuant to Section 13 and 15(d)

Consolidated Income Statements

v3.20.1
Consolidated Income Statements - USD ($)
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Revenue    
Service fees $ 4,167,858 $ 3,633,798
Lease equipment sales 74,889 1,563,638
Finance lease revenue 75,415 53,754
Consulting revenue 8,310 30,343
Total revenue 4,326,472 5,281,533
Cost of sales 3,045,661 3,711,427
Gross profit 1,280,811 1,570,106
Selling, general and administrative expenses 3,026,754 2,157,536
Operating income (loss) (1,745,943) (587,430)
Other income and (expense)    
Gain (loss) on investments (1,767,474) 23,984
Interest income 108,113 168,205
Interest expense (22,596) (17,407)
Gain (loss) on equipment disposal 2,200 (2,738)
Other income (expense) 21,896 14,357
Total other income and (expense) (1,657,861) 186,401
Income (loss) before provision for income taxes (3,403,804) (401,029)
Provision for income taxes 14,828 19,250
Net income (loss) (3,418,632) (420,279)
Gain (loss) attributable to non-controlling interest 18,258 (11,118)
Net Income (Loss) $ (3,436,890) $ (409,161)
Earnings Per Share, Basic and Diluted    
Weighted Average Number of Shares Outstanding, Basic and Diluted 23,117,615 23,075,926
Earnings Per Share, Basic and Diluted $ (0.149) $ (0.018)