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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