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Revenue From Contract
With Customer...
$26,807,708
SMR
$26,807,708
Revenues From
Underwriting Modeling ICE
$10,756,143
Subtotal revenues
$37,563,851
Total revenues
$33,327,511
Interest income
$409,922
Contra revenue for
refund liability
$3,891,598
Contra revenue for
billing adjustments
$344,742
Other income
$118,399
Gross profit
$20,937,728
Total other income
(expense), net
$145,734
Cost of revenues
$12,389,783
Other expense
$382,587
Income before income
tax expense
$1,674,172
Total operating
expenses
$19,409,290
Net income
$1,278,842
Provision for income taxes
$395,330
General and
administrative expenses
$13,654,262
Sales and marketing
expenses
$4,185,766
Research and development
expenses
$1,569,262
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Income Statement
source: myfinsight.com
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