Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED)

v3.22.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
REVENUES    
REVENUES $ 83,214 $ 54,585
OPERATING COSTS AND EXPENSES    
Cost of sales and processing (including depreciation and amortization of $4,079 and $4,055, respectively) 75,321 52,240
GROSS PROFIT 7,893 2,345
GENERAL AND ADMINISTRATIVE EXPENSES    
General and administrative 7,533 7,332
Depreciation 228 226
General and Administrative Expense 7,761 7,558
OPERATING INCOME (LOSS) 132 (5,213)
OTHER INCOME (EXPENSE)    
Interest expense (283) (302)
Miscellaneous income, net 69 110
OTHER INCOME (EXPENSE) (214) (192)
INCOME (LOSS) BEFORE INCOME TAXES (82) (5,405)
INCOME TAX (EXPENSE) BENEFIT (294) 1,001
NET INCOME (LOSS) $ (376) $ (4,404)
Basic Earnings (Loss) per Common Share    
Net loss (in dollars per share) $ (0.02) $ (0.18)
Basic weighted average number of common shares outstanding (in shares) 23,600 24,861
Diluted Earnings (Loss) per Common Share    
Net loss (in dollars per share) $ (0.02) $ (0.18)
Diluted weighted average number of common shares outstanding (in shares) 23,600 24,861
Product sales    
REVENUES    
REVENUES $ 79,061 $ 51,565
Processing fees    
REVENUES    
REVENUES $ 4,153 $ 3,020