v3.20.2
Condensed Consolidated Income Statements (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Revenue        
Service fees $ 1,146,839 $ 1,017,587 $ 2,283,763 $ 1,973,493
Lease equipment sales 0 0 0 74,889
Finance lease revenue 12,028 12,162 24,567 49,053
Consulting revenue 0 0 0 8,310
Total revenue 1,158,867 1,029,749 2,308,330 2,105,745
Cost of sales 790,670 728,590 1,563,407 1,445,866
Gross profit 368,197 301,159 744,923 659,879
Selling, general and administrative expenses 573,072 587,497 1,186,522 1,802,459
Operating income (loss) (204,875) (286,338) (441,599) (1,142,580)
Other income and (expense)        
Gain (loss) on investments 4,288 (132,088) (5,919) (1,701,969)
Interest income 21,133 22,884 40,537 65,464
Interest expense (6,846) (5,851) (14,184) (10,375)
Gain on equipment disposal 0 1,500 0 1,500
Economic Injury Disaster Loan advance 10,000 0 10,000 0
Other income (expense) 4,272 11,340 16,358 11,340
Total other income and (expense) 32,847 (102,215) 46,792 (1,634,040)
Income (loss) before provision for income taxes (172,028) (388,553) (394,807) (2,776,620)
Provision for income taxes 2,422 850 13,600 17,650
Net income (loss) (174,450) (389,403) (408,407) (2,794,270)
Gain (loss) attributable to non-controlling interest 9,735 18,872 23,548 20,600
Net Income (Loss) $ (184,185) $ (408,275) $ (431,955) $ (2,814,870)
Basic and diluted net income (loss) per Mentor common share:        
Earnings Per Share, Basic and Diluted $ (0.008) $ (0.018) $ (0.019) $ (0.122)
Weighted average number of shares of Mentor common stock outstanding:        
Weighted Average Number of Shares Outstanding, Basic and Diluted [1] 22,850,947 23,139,837 22,850,947 23,139,837
[1] The company recorded an operating loss; therefore the diluted EPS will not be calculated as the diluted EPS effect is anti-dilutive.

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