Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
Revenue $ 84,182,954 $ 38,688,744 $ 133,828,443 $ 67,527,575
Operating Expenses [Abstract]        
Commission and other agent-related costs 76,729,401 36,356,779 123,129,642 63,044,034
Operations and support 1,683,375   1,751,751  
General and administrative 9,387,237 1,964,781 15,508,661 3,875,582
Marketing 378,437 138,231 780,600 368,664
Depreciation and amortization 744,521 44,496 846,880 63,771
Total operating expenses 88,922,971 38,504,287 142,017,534 67,352,051
(Loss) income from operations (4,740,017) 184,457 (8,189,091) 175,524
Other (income) expense, net        
Gain on the extinguishment of debt     (50,936)  
Interest (income) expense, net (1,064) 32,659 248 65,497
Other income, net (32,594) (10,000) (37,326) (10,000)
Other (income) expense, net (33,658) 22,659 (88,014) 55,497
(Loss) income from operations before income taxes (4,706,359) 161,798 (8,101,077) 120,027
Income tax benefit (expense) 2,614,925 (1,000) 2,609,925 (2,000)
Net (loss) income $ (2,091,434) $ 160,798 $ (5,491,152) $ 118,027
Net (loss) income per share        
Basic $ (0.15) $ 0.02 $ (0.40) $ 0.01
Diluted $ (0.15) $ 0.02 $ (0.40) $ 0.01
Weighted average common shares outstanding        
Basic 14,048,136 9,996,775 13,750,775 9,996,939
Diluted 14,048,136 10,030,025 13,750,775 10,016,269
Gross commission income        
Revenue $ 80,246,356 $ 38,688,744 $ 129,402,060 $ 67,527,575
Other service revenue        
Revenue $ 3,936,598   $ 4,426,383