Quarterly report pursuant to Section 13 or 15(d)

Consolidated Statement of Operations (Unaudited)

v3.20.2
Consolidated Statement of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2020
Jun. 30, 2019
Income Statement [Abstract]        
Sales $ 43,451,840 $ 19,483,383 $ 76,433,345 $ 32,570,605
Cost of sales 31,866,503 13,663,173 55,901,760 23,063,764
Gross profit 11,585,337 5,820,210 20,531,585 9,506,841
Operating expenses:        
Store operations 3,999,280 2,734,788 7,516,329 4,616,326
General and administrative 1,150,435 549,129 2,424,647 1,124,313
Share based compensation 1,186,905 390,898 5,301,972 522,243
Depreciation and amortization 467,677 150,842 826,820 291,132
Salaries and related expenses 1,971,391 820,842 3,769,151 1,429,106
Total operating expenses 8,775,688 4,646,499 19,838,919 7,983,120
Income from operations 2,809,649 1,173,711 692,666 1,523,721
Other income (expense):        
Interest expense (13,240) (120,311) (20,421) (250,786)
Interest income 200 15,433 25,042 34,283
Other income (loss) (66,666) (6,833) (60,862) (15,797)
Total non-operating income (expense), net (79,706) (111,711) (56,241) (232,300)
Net income before taxes 2,729,943 1,062,000 636,425 1,291,421
Provision for income taxes (156,000) (156,000)
Net Income $ 2,573,943 $ 1,062,000 $ 480,425 $ 1,291,421
Net income per shares, basic $ 0.07 $ 0.04 $ 0.01 $ 0.04
Net income per shares, diluted $ 0.06 $ 0.03 $ 0.01 $ 0.04
Weighted average shares outstanding, basic 38,616,610 30,326,304 38,224,109 29,389,636
Weighted average shares outstanding, diluted 41,016,392 31,426,757 40,241,292 30,455,282