Annual report pursuant to Section 13 and 15(d)

Correction of Error in Previously Reported Consolidated Financial Statements (Details 1)

v3.21.1
Correction of Error in Previously Reported Consolidated Financial Statements (Details 1) - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Sales $ 193,365,479 $ 79,733,568
Cost of sales 142,317,178 57,728,683
Gross profit 51,048,301 22,004,885
Operating expenses:    
Store operations 18,723,794 10,095,422
General and administrative 5,009,710 3,172,019
Share based compensation 7,856,163 2,490,535
Depreciation and amortization 2,435,965 1,044,553
Salaries and related expenses 8,585,080 3,619,197
Total operating expenses 42,610,712 20,421,726
Net income from operations 8,437,589 1,583,159
Other income (expense):    
Miscellaneous income (expense) 111,807 (4,545)
Interest income 43,926 144,725
Interest expense (14,053) (401,497)
Total non-operating income (expense), net 141,680 (261,317)
Net income before taxes 8,579,269 1,321,842
Provision for income taxes (3,250,891)
Net income $ 5,328,378 $ 1,321,842
Net income per share, basic $ 0.12 $ 0.04
Net income per share, diluted $ 0.11 $ 0.04
Weighted average shares outstanding, basic 43,944,879 32,833,594
Weighted average shares outstanding, diluted 46,456,249 33,910,154
As Previously Reported [Member]    
Sales   $ 79,733,568
Cost of sales   57,171,721
Gross profit   22,561,847
Operating expenses:    
Store operations   10,095,422
General and administrative   3,172,019
Share based compensation   2,490,535
Depreciation and amortization   1,044,553
Salaries and related expenses   3,619,197
Total operating expenses   20,421,726
Net income from operations   2,140,121
Other income (expense):    
Miscellaneous income (expense)   (4,545)
Interest income   144,725
Interest expense   (401,497)
Total non-operating income (expense), net   (261,317)
Net income before taxes   1,878,804
Provision for income taxes   0
Net income   $ 1,878,804
Net income per share, basic   $ 0.06
Net income per share, diluted   $ 0.06
Weighted average shares outstanding, basic   32,833,594
Weighted average shares outstanding, diluted   33,910,154
Adjustment [Member]    
Cost of sales   $ 556,962
Other income (expense):    
Net income   (556,962)
Revised [Member]    
Sales   79,733,568
Cost of sales   57,728,683
Gross profit   22,004,885
Operating expenses:    
Store operations   10,095,422
General and administrative   3,172,019
Share based compensation   2,490,535
Depreciation and amortization   1,044,553
Salaries and related expenses   3,619,197
Total operating expenses   20,421,726
Net income from operations   1,583,159
Other income (expense):    
Miscellaneous income (expense)   (4,545)
Interest income   144,725
Interest expense   (401,497)
Total non-operating income (expense), net   (261,317)
Net income before taxes   1,321,842
Provision for income taxes   0
Net income   $ 1,321,842
Net income per share, basic   $ 0.04
Net income per share, diluted   $ 0.04
Weighted average shares outstanding, basic   32,833,594
Weighted average shares outstanding, diluted   33,910,154