v3.22.2
Condensed Consolidated Income Statements (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Revenue        
Total revenue $ 1,868,619 $ 1,372,638 $ 3,717,518 $ 2,693,262
Cost of sales 1,284,650 994,002 2,433,666 1,878,235
Gross profit 583,969 378,636 1,283,852 815,027
Selling, general and administrative expenses 1,247,730 685,926 1,916,237 1,287,062
Operating income (loss) (663,761) (307,290) (632,385) (472,035)
Other income and (expense)        
Employee retention credits 1,350,161 1,350,161
Gain (loss) on investments 929 (11,423) (40,251) (6,574)
Paycheck Protection Program Loan Forgiven 10,000
Interest income 13,391 16,245 27,744 32,735
Interest expense (19,562) (15,114) (37,769) (27,185)
Gain on asset disposal 30,287 2,074 56,455 1,432
Other income (expense) 1,897 2,450 1,897 1,398
Total other income and (expense) 1,377,103 (5,768) 1,358,237 11,806
Income (loss) before provision for income taxes 713,342 (313,058) 725,852 (460,229)
Provision for income taxes 33,320 50 46,890 5,750
Net income (loss) 680,022 (313,108) 678,962 (465,979)
Gain (loss) attributable to non-controlling interest 372,515 (96,488) 464,114 (102,436)
Net income (loss) attributable to Mentor $ 307,507 $ (216,620) $ 214,848 $ (363,543)
Basic and diluted net income (loss) per Mentor common share:        
Basic and diluted $ 0.013 $ (0.009) $ 0.009 $ (0.016)
Weighted average number of shares of Mentor common stock outstanding:        
Basic 22,941,357 22,850,947 22,941,357 22,850,947
Diluted 22,941,357 22,850,947 22,941,357 22,850,947
Service [Member]        
Revenue        
Total revenue $ 1,860,146 $ 1,362,308 $ 3,700,027 $ 2,672,062
Finance Lease Revenue [Member]        
Revenue        
Total revenue $ 8,473 $ 10,330 $ 17,491 $ 21,200

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