Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Operations

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Consolidated Statements of Operations - USD ($)
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]    
NET REVENUE $ 139,599,000 $ 105,122,000
OPERATING EXPENSES:    
Direct operating costs 86,918,000 64,821,000
Selling and marketing 8,786,000 6,582,000
General and administrative 24,273,000 22,811,000
Research and development 4,408,000 9,311,000
Change in contingent consideration (2,515,000) (1,000,000)
Depreciation and amortization 12,195,000 9,905,000
Loss on lease termination, impairment and unoccupied lease charges 2,005,000 963,000
Total operating expenses 136,070,000 113,393,000
OPERATING INCOME (LOSS) 3,529,000 (8,271,000)
OTHER:    
Interest income 15,000 42,000
Interest expense (455,000) (488,000)
Other (expense) income - net (96,000) 7,000
INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES 2,993,000 (8,710,000)
Income tax provision 157,000 103,000
NET INCOME (LOSS) 2,836,000 (8,813,000)
Preferred stock dividend 14,052,000 13,877,000
NET LOSS ATTRIBUTABLE TO COMMON SHAREHOLDERS $ (11,216,000) $ (22,690,000)
Net loss per common share: basic and diluted $ (0.77) $ (1.79)
Weighted-average common shares used to compute basic and diluted loss per share 14,541,061 12,678,845