v3.19.3
Condensed Consolidated Income Statements (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue        
Service fees $ 1,058,025 $ 930,214 $ 3,031,519 $ 2,680,541
Lease equipment sales 0 79,770 74,889 549,854
Finance lease revenue 13,312 14,078 62,365 26,565
Consulting revenue 0 7,560 8,310 22,120
Total revenue 1,071,337 1,031,622 3,177,083 3,279,080
Cost of sales 822,799 731,121 2,247,530 2,254,309
Gross profit 248,538 300,501 929,553 1,024,771
Selling, general and administrative expenses 558,085 503,598 2,381,680 1,632,755
Operating income (loss) (309,547) (203,097) (1,452,127) (607,984)
Other income and (expense)        
Gain (loss) on investments (45,638) 237,657 (1,747,608) 355,854
Interest income 21,541 41,578 87,006 124,164
Interest expense (6,080) (3,588) (16,455) (11,587)
Gain on equipment disposal 0 0 1,500 0
Other income (expense) 0 0 11,340 2,380
Total other income and (expense) (30,177) 275,647 (1,664,217) 470,811
Income (loss) before provision for income taxes (339,724) 72,550 (3,116,344) (137,173)
Provision for income taxes 0 0 17,650 17,650
Net income (loss) (339,724) 72,550 (3,133,994) (154,823)
Gain (loss) attributable to non-controlling interest (2,908) (4,674) 17,692 (5,736)
Net Income (Loss) $ (336,816) $ 77,224 $ (3,151,686) $ (149,087)
Basic and diluted net income (loss) per Mentor common share:        
Basic and diluted $ (0.015) $ 0.003 $ (0.136) $ (0.006)
Weighted average number of shares of Mentor common stock outstanding:        
Basic 23,139,837 23,092,466 23,139,837 23,056,753
Diluted [1] 23,136,194
[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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