v3.20.2
Consolidated Statement of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Income Statement [Abstract]        
Sales $ 55,007,475 $ 21,778,487 $ 131,440,820 $ 54,349,092
Cost of sales 40,436,707 15,276,906 96,338,467 38,340,670
Gross profit 14,570,768 6,501,581 35,102,353 16,008,422
Operating expenses:        
Store operations 4,972,058 2,744,199 12,523,594 7,360,525
General and administrative 857,943 803,707 3,244,682 1,928,020
Share based compensation 1,022,137 553,492 6,324,109 1,075,735
Depreciation and amortization 443,578 247,715 1,270,398 538,847
Salaries and related expenses 2,175,276 1,020,627 5,944,427 2,449,733
Total operating expenses 9,470,992 5,369,740 29,307,210 13,352,860
Income from operations 5,099,776 1,131,841 5,795,143 2,655,562
Other income (expense):        
Interest expense (142) (141,277) (19,728) (392,063)
Interest income 47,562 60,973 72,605 95,256
Other income (expense) (34,062) (1,838) (75,149) (17,635)
Total non-operating income (expense), net 13,358 (82,142) (22,272) (314,442)
Net income before taxes 5,113,134 1,049,699 5,772,871 2,341,120
Provision for income taxes (1,775,801) (1,955,113)
Net Income $ 3,337,333 $ 1,049,699 $ 3,817,758 $ 2,341,120
Net income per shares, basic $ 0.07 $ 0.03 $ 0.09 $ 0.07
Net income per shares, diluted $ 0.06 $ 0.03 $ 0.09 $ 0.07
Weighted average shares outstanding, basic 47,878,011 35,707,788 41,477,438 31,523,679
Weighted average shares outstanding, diluted 51,626,134 37,606,678 44,223,683 32,191,027

Source