Page 11 - 2020 CU Solutions Group Annual Shareholder Report
P. 11
INCOME STATEMENT SUMMARY
Year Ended December 31
2019 2018
Revenue $49,099,575 $44,007,391
Cost of sales and services 20,113,189 12,720,652
GROSS PROFIT $28,986,386 $31,286,739
Operating expenses 28,690,623 26,883,717
OPERATING INCOME $295,763 $4,403,022
Other income, net 6,291,441 2,083,414
INCOME BEFORE INCOME TAXES $6,587,204 $6,486,436
Income taxes 1,347,405 1,590,568
NET INCOME $5,239,799 $4,895,868
Other comprehensive loss (111,824) (2,280,882)
COMPREHENSIVE INCOME $5,127,975 $2,614,986
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