Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Revenues        
Total revenues $ 25,985,375 $ 8,360,745 $ 58,617,020 $ 25,236,370
Cost of revenues        
Total cost of revenues 18,524,631 4,125,782 38,039,657 11,829,483
Gross profit 7,460,744 4,234,963 20,577,363 13,406,887
Operating expenses        
Compensation, taxes and benefits 3,845,918 2,235,066 9,895,646 6,131,930
General and administrative 1,770,002 1,432,985 5,187,875 4,214,229
Total operating expenses 5,615,920 3,668,051 15,083,521 10,346,159
Income from operations 1,844,824 566,912 5,493,842 3,060,728
Other income (expense)        
Other income     47,982 19,186
Forgiveness of Paycheck Protection Program loan     287,143 10,000
Gain from revaluation and settlement of seller notes and earnout liability       21,232
Loss on redemption of non-participating preferred units     (590,689)  
Interest expense (905,605) (792,400) (2,269,643) (2,432,567)
Total other expense (905,605) (792,400) (2,525,207) (2,382,149)
Income before taxes 939,219 (225,488) 2,968,635 678,579
Tax expense 128,436 878 215,112 54,878
Net income (loss) $ 810,783 $ (226,366) $ 2,753,523 $ 623,701
Net income (loss) per common share / unit:        
Basic $ 0.06 $ (6.62) $ 0.23 $ 18.25
Diluted $ 0.06 $ (6.62) $ 0.23 $ 18.25
Weighted-average number of shares of common stock / units outstanding:        
Basic 14,545,241 34,182 11,996,969 34,182
Diluted 14,545,241 34,182 11,996,969 34,182
Buy-side advertising        
Revenues        
Total revenues $ 7,130,736 $ 6,033,883 $ 22,283,044 $ 19,975,235
Cost of revenues        
Total cost of revenues 2,471,170 2,174,432 7,694,987 7,480,727
Sell-side advertising        
Revenues        
Total revenues 18,854,639 2,326,862 36,333,976 5,261,135
Cost of revenues        
Total cost of revenues $ 16,053,461 $ 1,951,350 $ 30,344,670 $ 4,348,756