Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting (Tables)

v3.21.2
Segment Reporting (Tables)
6 Months Ended
Jun. 30, 2021
Segment Reporting  
Summary of key operating data for the reportable segments

    

Revenue

Three months ended 

Six months ended

June 30, 

 June 30, 

    

2021

    

2020

    

2021

    

2020

Real Estate Brokerage

$

80,246,356

$

38,688,744

$

129,402,060

$

67,527,575

Mortgage

1,502,021

1,502,021

Technology

529,528

598,624

Corporate and other services (a)

1,905,048

2,325,738

Total Company

$

84,182,954

$

38,688,744

$

133,828,443

$

67,527,575

Adjusted EBITDA

Three months ended 

Six months ended

June 30, 

 June 30, 

    

2021

    

2020

    

2021

    

2020

Real Estate Brokerage

$

495,507

$

329,446

    

$

(10,324)

    

$

464,509

Mortgage

(889,898)

 

 

 

(889,898)

 

 

Technology

(307,227)

 

 

 

(622,359)

 

 

Total Segment Adjusted EBITDA

(701,618)

 

329,446

 

 

(1,522,581)

 

 

464,509

Corporate and other services (a)

(1,571,353)

 

 

 

(2,792,702)

 

 

Total Company Adjusted EBITDA

$

(2,272,971)

$

329,446

 

$

(4,315,283)

 

$

464,509

Less:Depreciation and amortization

(744,451)

(44,496)

(846,880)

(63,771)

Other income(expense), net

33,658

 

(22,659)

 

 

88,014

 

 

(55,497)

Income tax benefit (expense)

2,614,925

 

(1,000)

 

 

2,609,925

 

 

(2,000)

Stock based compensation

(1,193,454)

 

(100,493)

 

 

(2,063,529)

 

 

(225,214)

Transaction-related costs

(529,071)

 

 

(963,399)

Net (loss) income

$

(2,091,434)

$

160,798

$

(5,491,152)

 

$

118,027

(a) Transactions between segments are eliminated in consolidation. Such amounts are eliminated through the Corporate and Other services line.