v3.20.2
Condensed Consolidated Income Statements (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue        
Service fees $ 1,219,800 $ 1,058,025 $ 3,503,563 $ 3,031,519
Lease equipment sales 0 0 0 74,889
Finance lease revenue 11,730 13,312 36,297 62,365
Consulting revenue 0 0 0 8,310
Total revenue 1,231,530 1,071,337 3,539,860 3,177,083
Cost of sales 855,795 822,799 2,419,201 2,247,530
Gross profit 375,735 248,538 1,120,659 929,553
Selling, general and administrative expenses 790,714 558,085 1,977,237 2,381,680
Operating income (loss) (414,979) (309,547) (856,578) (1,452,127)
Other income and (expense)        
Gain (loss) on investments (2,758) (45,638) (8,676) (1,747,608)
Interest income 24,968 21,541 65,504 87,006
Interest expense (8,513) (6,080) (22,697) (16,455)
Gain on equipment disposal 3,372 0 3,372 1,500
Economic Injury Disaster Loan advance 0 0 10,000 0
Other income (expense) 7,994 0 24,352 11,340
Total other income and (expense) 25,063 (30,177) 71,855 (1,664,217)
Income (loss) before provision for income taxes (389,916) (339,724) (784,723) (3,116,344)
Provision for income taxes 50 0 13,650 17,650
Net income (loss) (389,966) (339,724) (798,373) (3,133,994)
Gain (loss) attributable to non-controlling interest (116,011) (2,908) (92,463) 17,692
Net Income (Loss) $ (273,955) $ (336,816) $ (705,910) $ (3,151,686)
Basic and diluted net income (loss) per Mentor common share:        
Earnings Per Share, Basic and Diluted $ (0.012) $ (0.015) $ (0.031) $ (0.136)
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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