Annual report pursuant to Section 13 and 15(d)

Selected Quarterly Financial Data (unaudited)

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Selected Quarterly Financial Data (unaudited)
12 Months Ended
Dec. 31, 2020
Quarterly Financial Information Disclosure [Abstract]  
SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

NOTE 17 – SELECTED QUARTERLY FINANCIAL DATA (UNAUDITED)

 

Set forth below is the unaudited selected quarterly financial data. We believe that all necessary adjustments, consisting only of normal recurring adjustments, have been included in the amounts stated below to present fairly, and in accordance with GAAP, the unaudited selected quarterly financial data when read in conjunction with our consolidated financial statements. The sum of the quarterly net (loss) income per share amounts do not necessarily equal the annual amount reported, as per share amounts are computed independently for each quarter and the annual period based on the weighted average common shares outstanding in each period. The operating results for any quarter are not necessarily indicative of results for any future period.

 

    Quarter  
2020   First     Second     Third     Fourth  
Revenue   $ 17,307,000     $ 23,463,133     $ 15,448,083     $ 31,022,204  
Gross profit     5,752,557       2,163,213       1,660,562       (11,997,795 )
Net income (loss)     8,417,076       (1,661,380 )     781,695       (85,155,971 )
Net income (loss) attributable to owners of the Company     7,664,690       (1,576,010 )     689,184       (79,656,112 )
Basic and diluted net income (loss) per ordinary share attributable to owners of the Company   $ 0.10     $ (0.02 )   $ 0.01     $ (1.00 )

 

    Quarter  
2019   First     Second     Third     Fourth  
Revenue   $ 18,424,209     $ 25,463,094     $ 11,179,946     $ 34,554,907  
Gross profit     4,080,651       9,266,814       3,585,232       8,292,888  
Net income (loss)     (1,968,339 )     5,033,967       4,410,393       (1,095,956 )
Net income (loss) attributable to owners of the Company     (1,887,239 )     4,579,044       4,032,534       (1,042,315 )
Basic and diluted net income (loss) per ordinary share attributable to owners of the Company   $ (0.02 )   $ 0.06     $ 0.05     $ (0.01 )