Summary of Quarterly Results of Operations |
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
|
)
|
|