Page 9 - 2021 CU Solutions Group Annual Report
P. 9
INCOME STATEMENT SUMMARY
Year Ended December 31
2020 2019
Revenue $28,832,599 $49,099,575
Cost of sales and services 8,232,534 20,113,189
GROSS PROFIT $20,600,065 $28,986,386
Operating expenses 23,370,686 28,690,623
OPERATING (LOSS) INCOME ($2,770,621) $295,763
Other income, net 8,350,181 6,291,441
INCOME BEFORE INCOME TAXES $5,579,560 $6,587,204
Income taxes 1,304,714 1,347,405
NET INCOME $4,274,846 $5,239,799
Other comprehensive income (loss) 10,375 (111,824)
COMPREHENSIVE INCOME $4,285,221 $5,127,975
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