Quarterly report pursuant to Section 13 or 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

v3.21.2
CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Income Statement [Abstract]        
Sales $ 3,860,258 $ 2,723,532 $ 9,963,198 $ 6,827,867
Cost of sales 2,167,622 1,621,008 5,609,845 3,977,546
Gross Profit 1,692,636 1,102,524 4,353,353 2,850,321
Selling, general and administrative 2,024,304 1,017,863 4,745,022 2,882,755
Income (loss) from Operations (331,668) 84,661 (391,669) (32,434)
Other Income (Expense)        
Interest expense, net (15,726) (42,726) (97,392) (132,845)
Gain on contingent liability 350,000
Loss on disposal  of equipment (29,732)
Gain on forgiveness of debt 481,977 789,277
Total Other Income (Expense) 466,251 (42,726) 662,153 217,155
Income before provision for income taxes 134,583 41,935 270,484 184,721
Provision for income taxes
Net Income 134,583 41,935 270,484 184,721
Non-controlling interest in consolidated subsidiary 1,047 4,283 6,358 17,833
Net Income attributable to Data Storage Corp 135,630 46,218 276,842 202,554
Preferred Stock Dividends (36,650) (63,683) (105,877)
Net Income Attributable to Common Stockholders $ 135,630 $ 9,568 $ 213,159 $ 96,677
Earning per Share – Basic $ 0.02 $ 0.00 $ 0.05 $ 0.03
Earning per Share – Diluted $ 0.02 $ 0.00 $ 0.05 $ 0.03
Weighted Average Number of Shares – Basic 6,350,826 3,213,485 4,530,188 3,212,821
Weighted Average Number of Shares – Diluted 6,482,577 3,383,499 4,720,546 3,365,675