v3.22.2.2
Condensed Consolidated Statements of Earnings (Loss) and Retained Earnings (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Income Statement [Abstract]        
SALES $ 13,576,072 $ 10,947,724 $ 40,642,559 $ 27,075,116
COST OF SALES:        
Purchases 8,388,856 6,362,217 25,843,023 16,435,550
Freight 939,865 860,813 3,573,830 2,478,457
Total Cost of Sales 9,328,721 7,223,030 29,416,853 18,914,007
GROSS PROFIT 4,247,351 3,724,694 11,225,706 8,161,109
OPERATING EXPENSES:        
General and Administrative Expenses 4,896,386 2,689,101 13,152,774 8,333,132
Total Operating Expenses 4,896,386 2,689,101 13,152,774 8,333,132
EARNINGS (LOSS) FROM OPERATIONS (649,035) 1,035,593 (1,927,068) (172,023)
OTHER INCOME AND (EXPENSE):        
Other Expense   (27,461)
Other Income 20,471 6,378 119,585 776,440
Interest Expense (12,800) (26,260) (18,942) (66,066)
Interest Income 9,919   9,919  
Unrealized Loss on Short Term Investments (231,214)   (231,214)  
Total Other Income And (Expense) (213,624) (19,882) (148,113) 710,374
INCOME BEFORE INCOME TAXES (862,659) 1,015,711 (2,075,181) 538,351
PROVISION FOR INCOME TAXES (174,507) 291,843 (393,772) 273,457
NET EARNINGS $ (688,152) $ 723,868 $ (1,681,409) $ 264,894
NET EARNINGS PER COMMON SHARE        
Basic (in Dollars per share) $ (0.03) $ 0.07 $ (0.09) $ 0.03
Diluted (in Dollars per share) $ (0.02) $ 0.07 $ (0.05) $ 0.03
WEIGHTED-AVERAGE COMMON SHARES OUTSTANDING        
Basic (in Shares) 19,702,136 10,000,000 19,702,136 10,000,000
Diluted (in Shares) 31,381,151 10,000,000 31,381,151 10,000,000

Source