Page 9 - CU Solutions Group Annual Shareholder Report
P. 9
INCOME STATEMENT SUMMARY
Year Ended December 31
2021 2020
Revenue $29,892,113 $28,832,599
Cost of sales and services 7,521,718 8,232,534
GROSS PROFIT $22,370,395 $20,600,065
Operating expenses 21,049,384 23,370,686
OPERATING INCOME (LOSS) $1,321,011 ($2,770,621)
Other income, net 7,581,513 8,350,181
INCOME BEFORE INCOME TAXES $8,902,524 $5,579,560
Income taxes 2,179,384 1,304,714
NET INCOME $6,723,140 $4,274,846
Other comprehensive income 44,132 10,375
COMPREHENSIVE INCOME $6,767,272 $4,285,221
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