Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Information (unaudited)

v3.6.0.2
Quarterly Financial Information (unaudited)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information (unaudited)

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Quarterly Financial Information (unaudited)

The following is a summary of the quarterly results of operations for the years ended December 31, 2016 and 2015:

 

 

 

For the Three Months Ended

 

 

 

December 31, 2016

 

 

September 30, 2016

 

 

June 30, 2016

 

 

March 31, 2016

 

Revenues

 

$

12,625,966

 

 

$

12,439,279

 

 

$

9,856,317

 

 

$

8,512,305

 

Gross Profit

 

 

5,476,403

 

 

 

5,576,287

 

 

 

4,546,761

 

 

 

3,677,624

 

Total operating expenses

 

 

4,345,198

 

 

 

4,345,965

 

 

 

3,572,915

 

 

 

3,560,830

 

Net income

 

 

1,100,302

 

 

 

1,183,044

 

 

 

1,311,209

 

 

 

139,153

 

Basic net income (loss) per share

 

$

0.14

 

 

$

0.21

 

 

$

0.97

 

 

$

(0.70

)

Diluted net income (loss) per share

 

$

0.12

 

 

$

0.16

 

 

$

0.15

 

 

$

(0.82

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

For the Three Months Ended

 

 

 

December 31, 2015

 

 

September 30, 2015

 

 

June 30, 2015

 

 

March 31, 2015

 

Revenues

 

$

9,333,483

 

 

$

6,668,732

 

 

$

6,058,125

 

 

$

5,732,733

 

Gross Profit

 

 

3,842,816

 

 

 

2,775,075

 

 

 

2,544,324

 

 

 

2,482,695

 

Total operating expenses

 

 

3,646,865

 

 

 

2,846,106

 

 

 

2,717,331

 

 

 

2,765,309

 

Net income (loss)

 

 

(42,159

)

 

 

669

 

 

 

(171,352

)

 

 

(57,500

)

Basic net loss per share

 

$

(0.99

)

 

$

(0.93

)

 

$

(1.20

)

 

$

(1.05

)

Diluted net loss per share

 

$

(0.99

)

 

$

(1.05

)

 

$

(1.22

)

 

$

(1.44

)