v3.21.2
Condensed Consolidated Income Statements (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenue        
 Total revenue $ 1,372,638 $ 1,158,867 $ 2,693,262 $ 2,308,330
Cost of sales 994,002 790,670 1,878,235 1,563,407
Gross profit 378,636 368,197 815,027 744,923
Selling, general and administrative expenses 685,926 573,072 1,287,062 1,186,522
Operating income (loss) (307,290) (204,875) (472,035) (441,599)
Other income and (expense)        
Gain (loss) on investments (11,423) 4,288 (6,574) (5,919)
Interest income 16,245 21,133 32,735 40,537
Interest expense (15,114) (6,846) (27,185) (14,184)
Paycheck Protection Program Loan Forgiven 10,000
Gain on equipment disposal 2,074 1,432
Economic Injury Disaster Loan advance 10,000 10,000
Other income (expense) 2,450 4,272 1,398 16,358
Total other income and (expense) (5,768) 32,847 11,806 46,792
Income (loss) before provision for income taxes (313,058) (172,028) (460,229) (394,807)
Provision for income taxes 50 2,422 5,750 13,600
Net income (loss) (313,108) (174,450) (465,979) (408,407)
Gain (loss) attributable to non-controlling interest (96,488) 9,735 (102,436) 23,548
Net income (loss) attributable to Mentor $ (216,620) $ (184,185) $ (363,543) $ (431,955)
Basic and diluted net income (loss) per Mentor common share:        
Basic and diluted $ (0.009) $ (0.008) $ (0.016) $ (0.019)
Weighted average number of shares of Mentor common stock outstanding:        
Basic and diluted* 22,850,947 22,850,947 22,850,947 22,850,947
Service [Member]        
Revenue        
 Total revenue $ 1,362,308 $ 1,146,839 $ 2,672,062 $ 2,283,763
Finance Lease Revenue [Member]        
Revenue        
 Total revenue $ 10,330 $ 12,028 $ 21,200 $ 24,567

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