CONDENSED CONSOLIDATED STATEMENTS OF LOSS AND COMPREHENSIVE LOSS (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | 12 Months Ended | |||
|---|---|---|---|---|---|---|
Sep. 30, 2021 |
Sep. 30, 2020 |
Sep. 30, 2021 |
Sep. 30, 2020 |
Dec. 31, 2020 |
Dec. 31, 2019 |
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| Income Statement [Abstract] | ||||||
| Sales | $ 1,828,299 | $ 3,354,306 | $ 5,313,047 | $ 5,321,683 | ||
| Cost of sales | 1,112,528 | 2,181,589 | 3,459,331 | 3,756,475 | $ 25,369,118 | $ 28,720,367 |
| Gross profit | 715,771 | 1,172,717 | 1,853,716 | 1,565,208 | ||
| Operating expenses: | ||||||
| Selling, general and administrative expenses | 1,687,930 | 1,959,583 | 5,566,808 | 5,016,736 | 662,000 | |
| Amortization expense | 110,489 | 106,333 | 346,277 | 106,333 | ||
| Transaction costs | 542,509 | 71,301 | 1,854,382 | 485,886 | ||
| Restructuring expense | 242,275 | 242,275 | ||||
| Business Combination, Acquisition Related Costs | 1,278,826 | 2,470,721 | 414,585 | 684,856 | ||
| Total operating expenses | 2,583,203 | 2,137,217 | 8,009,742 | 5,608,955 | 19,903,778 | 22,176,598 |
| Operating loss from continuing operations | (1,867,432) | (964,500) | (6,156,026) | (4,043,747) | ||
| Other income (expenses): | ||||||
| Investment and other income | 67,791 | 281,794 | (178,874) | 665,158 | 661,754 | 284,944 |
| Gain (loss) on sale of assets | 4,078 | 20,326 | 308,403 | 288,778 | (20,368) | |
| Interest and other expense | (2,352) | (7,060) | (7,290) | (26,151) | (28,514) | (38,440) |
| Other income (expense), net | 69,517 | 274,734 | (165,838) | 947,410 | ||
| Operating loss from continuing operations before income taxes | (1,797,915) | (689,766) | (6,321,864) | (3,096,337) | ||
| Income tax expense | 5,170 | 8,952 | 5,760 | 4,049 | ||
| Income Tax Expense (Benefit) | 20,342 | (15,269) | ||||
| Net (loss) income from continuing operations | (1,803,085) | (698,718) | (6,327,624) | (3,100,386) | (1,795,674) | 250,619 |
| Net income from discontinued operations, net of tax | 10,411,404 | 961,083 | 10,835,605 | 2,931,863 | ||
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | 10,411,000 | (568,745) | 10,836,000 | 1,744,607 | 1,624,016 | 6,218,430 |
| Net (loss) income | 8,608,319 | 262,365 | 4,507,981 | (168,523) | (171,658) | 6,469,049 |
| Other comprehensive income (loss), net of tax: | ||||||
| Unrealized gains/(losses) on available-for-sale securities | 1,231 | (15,897) | (5,416) | (5,800) | 9,249 | (1,793) |
| Foreign currency translation adjustment | 644,590 | 81,146 | 699,576 | (59,859) | 9,648 | 55,422 |
| Total other comprehensive income | 645,821 | 65,249 | 694,160 | (65,659) | 18,897 | 53,629 |
| Comprehensive (loss) income | $ 9,254,140 | $ 327,614 | $ 5,202,141 | $ (234,182) | $ (152,761) | $ 6,522,678 |
| Basic net (loss) income per share: | ||||||
| Continuing operations | $ (0.19) | $ (0.07) | $ (0.67) | $ (0.33) | $ (0.19) | $ 0.03 |
| Discontinued operations | 1.08 | 0.10 | 1.15 | 0.31 | 0.17 | 0.67 |
| 0.89 | 0.03 | 0.48 | (0.02) | (0.02) | 0.70 | |
| Diluted net (loss) income per share: | ||||||
| Continuing operations | (0.18) | (0.07) | (0.65) | (0.33) | (0.19) | 0.03 |
| Discontinued operations | 1.07 | 0.10 | 1.12 | 0.31 | 0.17 | 0.66 |
| $ 0.89 | $ 0.03 | $ 0.47 | $ (0.02) | $ (0.02) | $ 0.69 | |
| Weighted Average Basic Shares Outstanding | 9,631,064 | 9,355,425 | 9,476,264 | 9,323,902 | 9,322,672 | 9,272,259 |
| Weighted Average Dilutive Shares Outstanding | 9,715,252 | 9,444,986 | 9,660,317 | 9,323,902 | 9,322,672 | 9,337,422 |
| Dividends declared per share | $ 3.50 | $ 3.50 | $ 0.04 | |||
| Sales | $ 1,947,000 | $ 3,530,000 | $ 5,719,000 | $ 5,882,000 | $ 42,575,546 | $ 50,906,179 |
| Gross profit | 4,607,555 | 8,824,193 | 7,217,195 | 17,206,428 | 22,185,812 | |
| Selling, general and administrative expenses | 19,218,922 | 22,176,598 | ||||
| Acquisition costs | 1,278,826 | 2,470,721 | 414,585 | 684,856 | ||
| Operating (loss) income from continuing operations | (1,660,879) | 3,807,395 | 2,869,948 | (2,697,350) | 9,214 | |
| Other income, net | (279,221) | 292,353 | 689,550 | 922,018 | 226,136 | |
| Operating (loss) income from continuing operations before income taxes | (1,940,100) | 4,099,748 | (2,180,398) | (1,775,332) | 235,350 | |
| Income tax expense (benefit) | 20,342 | (15,269) | ||||
| Net income from discontinued operations, net of tax | $ 10,411,000 | $ (568,745) | $ 10,836,000 | $ 1,744,607 | $ 1,624,016 | $ 6,218,430 |
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- Definition Investment and Other Income (Loss) No definition available.
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- Definition This element represents acquisition-related costs incurred to effect a business combination which costs have been expensed during the period. Such costs include finder's fees; advisory, legal, accounting, valuation, and other professional or consulting fees; general administrative costs, including the costs of maintaining an internal acquisitions department; and may include costs of registering and issuing debt and equity securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate dividends declared during the period for each share of common stock outstanding. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax of increase (decrease) in equity from transactions and other events and circumstances from net income and other comprehensive income, attributable to parent entity. Excludes changes in equity resulting from investments by owners and distributions to owners. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of gain (loss) on sale or disposal of property, plant and equipment assets, excluding oil and gas property and timber property. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Aggregate revenue less cost of goods and services sold or operating expenses directly attributable to the revenue generation activity. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of income (loss) from continuing operations including portion attributable to the noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) from continuing operations per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The amount of net income (loss) derived from continuing operations during the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount after tax of income (loss) from a discontinued operation including the portion attributable to the noncontrolling interest. Includes, but is not limited to, the income (loss) from operations during the phase-out period, gain (loss) on disposal, gain (loss) for reversal of write-down (write-down) to fair value, less cost to sell, and adjustments to a prior period gain (loss) on disposal. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Per basic share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Per diluted share amount, after tax, of income (loss) from the day-to-day business activities of the discontinued operation and gain (loss) from the disposal of the discontinued operation. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Interest and debt related expenses associated with nonoperating financing activities of the entity. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The aggregate amount of income or expense from ancillary business-related activities (that is to say, excluding major activities considered part of the normal operations of the business). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense. No definition available.
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- Definition The net result for the period of deducting operating expenses from operating revenues. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount after tax and reclassification adjustments of gain (loss) on foreign currency translation adjustments, foreign currency transactions designated and effective as economic hedges of a net investment in a foreign entity and intra-entity foreign currency transactions that are of a long-term-investment nature. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount after tax of other comprehensive income (loss) attributable to parent entity. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, after tax and before adjustment, of unrealized holding gain (loss) on investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale). Excludes unrealized gain (loss) on investment in debt security measured at amortized cost (held-to-maturity) from transfer to available-for-sale. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount, excluding tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value added and excise. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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