Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

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CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Income Statement [Abstract]    
Sales $ 23,870,837 $ 14,876,227
Cost of sales 15,787,544 8,459,117
Gross Profit 8,083,293 6,417,110
Impairment of goodwill 2,322,000
Selling, general and administrative 9,837,308 7,184,182
Loss from Operations (4,076,015) (767,072)
Other Income (Expense)    
Interest expense, net (130,087) (126,746)
Impairment of deferred offering costs and financing costs associated with canceled financing efforts (127,343)
 Other Expense (75,418)
Loss on disposal of equipment (44,732)
Gain on forgiveness of debt 798,840
Total Other Income (Expense) (332,848) 627,362
Income (Loss) before provision for income taxes (4,408,863) (139,710)
Benefit from income taxes 399,631
Net Income (Loss) (4,408,863) 259,921
Non-controlling interest in consolidated subsidiary 52,061 7,923
Net Income (Loss) attributable to Data Storage Corp (4,356,802) 267,844
Preferred Stock Dividends (63,683)
Net Income (Loss) Attributable to Common Stockholders $ (4,356,802) $ 204,161
Earnings per Share – Basic $ (0.64) $ 0.04
Earning pers Share – Diluted $ (0.64) $ 0.03
Weighted Average Number of Shares – Basic 6,775,140 5,075,716
Weighted Average Number of Shares – Diluted 6,775,140 6,340,125