General form of registration statement for all companies including face-amount certificate companies

Condensed Consolidated Statements of Operations and Comprehensive Income

v3.22.4
Condensed Consolidated Statements of Operations and Comprehensive Income - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]            
Revenue $ 57,000 $ 1,379,000 $ 410,000 $ 7,361,000 $ 7,710,000 $ 25,914,000
Operating costs and expenses:            
Direct course expenses 66,000 675,000 270,000 1,899,000 2,294,000 5,801,000
Advertising and sales expenses 27,000 729,000 169,000 1,343,000 1,636,000 2,293,000
Royalty expenses       0 68,000
General and administrative expenses 579,000 1,172,000 1,888,000 3,568,000 4,195,000 4,555,000
Total operating costs and expenses 672,000 2,576,000 2,327,000 6,810,000 8,125,000 12,717,000
Income (loss) from operations (615,000) (1,197,000) (1,917,000) 551,000 (415,000) 13,197,000
Other expense:            
Interest expense, net (188,000) (35,000) (424,000) (421,000) (524,000) (210,000)
Other expense, net 9,000 3,000 6,000 8,000 1,641,000
Gain on forgiveness of PPP Loan 1,148,000 910,000 1,148,000 910,000 910,000
Total other expense, net 960,000 884,000 727,000 495,000 394,000 1,431,000
Income (loss) from continuing operations before income taxes 345,000 (313,000) (1,190,000) 1,046,000 (21,000) 14,628,000
Income tax (expense) benefit 118,000 136,000 (797,000) (716,000) (2,883,000)
Net income (loss) from continuing operations 345,000 (195,000) (1,054,000) 249,000 (737,000) 11,745,000
Income from discontinued operations 171,000 171,000 4,264,000
Net income from discontinued operations 171,000 171,000 4,264,000
Net income (loss) $ 346,000 $ (195,000) $ (1,054,000) $ 420,000 $ (566,000) $ 16,009,000
Basic earnings (loss) per common share - continuing operations $ 0.01 $ (0.01) $ (0.03) $ 0.02 $ (0.02) $ 0.51
Basic earnings (loss) per common share - discontinued operations 0.18
Basic earnings (loss) per common share 0.01 (0.01) (0.03) 0.02 (0.02) 0.69
Diluted earnings (loss) per common share - continuing operations 0.01 (0.01) (0.03) 0.01 (0.02) 0.51
Diluted earnings (loss) per common share - discontinued operations 0.18
Diluted earnings (loss) per common share $ 0.01 $ (0.01) $ (0.03) $ 0.01 $ (0.02) $ 0.69
Basic weighted average common shares outstanding 35,696 33,064 34,683 26,373 29,187 23,076
Diluted weighted average common shares outstanding 35,696 33,064 34,683 41,776 29,187 23,230
Comprehensive income:            
Net income (loss) $ 346,000 $ (195,000) $ (1,054,000) $ 420,000 $ (566,000) $ 16,009,000
Foreign currency translation adjustments, net of tax of $0 101,000 336,000 722,000 387,000 421,000 (294,000)
Total comprehensive income (loss) $ 446,000 $ 141,000 $ (332,000) $ 807,000 $ (145,000) $ 15,715,000