SITESTAR CORP

CIK:0001096934|SEC Filings

Unaudited Condensed Consolidated Statements of Operations - USD ($)	3 Months Ended
	Mar. 31, 2022	Mar. 31, 2021
Revenues	$ 256,975	$ 2,435,856
Cost of revenues	71,639	79,607
Total gross profit (loss)	185,336	2,356,249
Selling, general, and administrative expenses
Insurance	19,787	6,603
Professional fees	744,853	143,505
Salaries and wages	156,847	182,954
Travel and meals	12,046	351
Other operating expenses	50,713	44,577
Total selling, general and administrative expenses	984,246	377,990
Income (loss) from operations	(798,910)	1,978,259
Gain on sale of real estate	43,140
Interest expense		(4,795)
Other income, net	22,948	5,185
Total other income (loss)	66,088	390
Income (loss) from operations before income taxes	(732,822)	1,978,649
Net income (loss)	$ (732,822)	$ 1,978,649
Net income (loss) per share, basic and diluted (in dollars per share)	$ (0.28)	$ 0.75
Weighted average number of shares, basic (in shares)	2,647,383	2,630,831
Weighted average number of shares, diluted (in shares)	2,647,383	2,631,499
Asset Management [Member]
Revenues	$ 38,495	$ 2,193,854
Cost of revenues	0	0
Total gross profit (loss)	38,495	2,193,854
Selling, general, and administrative expenses
Total other income (loss)	(173)	0
Income (loss) from operations before income taxes	(81,095)	2,076,143
Real Estate [Member]
Revenues	1,800	9,736
Cost of revenues	445	7,644
Total gross profit (loss)	1,355	2,092
Selling, general, and administrative expenses
Total other income (loss)	43,390	(4,795)
Income (loss) from operations before income taxes		(9,188)
Internet Operations [Member]
Revenues	216,680	232,266
Cost of revenues	71,194	71,963
Total gross profit (loss)	145,486	160,303
Selling, general, and administrative expenses
Total other income (loss)	$ 1,408	361
Income (loss) from operations before income taxes		$ 114,123