We operate a freight brokerage and transportation business and intend to provide comprehensive transportation management solutions for shippers and carriers. Our parent, WLP, was established in 1984 and we both are headquartered in Salt Lake City, Utah. We deliver a one-stop freight management platform that connects shippers with truckers to facilitate shipments across distance ranges, cargo weights, and types. We deliver value-driven logistics solutions powered by effective technology and distinguished by personalized service built on solid relationships. We are building a next-generation digital freight platform that we believe will transform the highly fragmented $1 trillion transportation and logistics sector. Logistics is the lifeblood of our economy, powering the movement of goods and connecting the engines of production and consumption. We aspire to revolutionize logistics, improve efficiency across the value and supply chain and reduce the carbon footprint for our planet. Our goal is to leverage technology to eliminate inefficiencies and create economic opportunity across the freight ecosystem. Our team is comprised of innovators seeking to build the best products for all parties in the freight industry and to provide shippers and carriers with unparalleled transparency. We also began operating a specialty financial services business in 2019 that we believe will become a next-generation, cloud-based financing platform for small and medium sized companies primarily in the e-commerce marketplace. In our view, by combining industry-leading technology and security with the expertise and care of our team, we serve e-commerce business owners nationwide with efficiency, simplicity, transparency and reliability by providing alternative financial products to help them grow. This same technology will also allow our freight brokerage to offer quick pay and factoring services to their carrier and shippers. We are also in the process of developing proprietary mobile applications and other transportation financial products which can be used by shippers, carriers and other freight brokers. Total revenue for the nine months ended September 30, 2022 was $22,726,081, an increase of $4,652,584 over total revenue of $18,073,497 for the same period in 2021. Net income before income taxes for the nine months ended September 30, 2022 was $287,087 compared to $905,882 for the same period in 2021, a decrease of $618,795. Revenue from freight brokerage accounted for 98.25% of the 2022 revenue compared to 97.66% of total revenue for the comparable 2021 period. Our total revenues increased by $13,985,964, or 101%, to $27,897,504 for the year ended December 31, 2021 compared to the year ended December 31, 2020; and by $5,642,312, or 68% to $13,911,540 for the year ended December 31, 2020, compared to $8,269,228 in revenue for the year ended December 31, 2019. Our net income increased by $898,843, or 1,534%, to $957,421 for the year ended December 31, 2021 compared to the year ended December 31, 2020; and by $289,958, or 125% to $58,578 for the year ended December 31, 2020, compared to a $231,380 net loss for the year ended December 31, 2019. Our freight brokerage and transportation business accounted for approximately 97.92% and 96.83% of our revenues for the years ended December 31, 2021 and 2020, respectively. Our principal executive offices are located at 2150 South 1300 East, Suite 360, Salt Lake City, UT.
