XML 24 R4.htm IDEA: XBRL DOCUMENT v2.4.0.6
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
3 Months Ended
Mar. 31, 2012
Mar. 31, 2011
REVENUES $ 13,701,741 $ 10,529,125
COST OF SALES (including amortization and depreciation of $498,717 and 183,640, respectively) 10,376,390 8,689,470
GROSS PROFIT 3,325,351 1,839,655
OPERATING EXPENSES    
Sales and marketing 640,716 430,183
General and administrative (including shared-based compensation expense of $55,053 and $6,404, respectively 2,497,328 1,866,806
Depreciation and amortization 59,776 47,594
Total operating expenses 3,197,820 2,344,583
INCOME (LOSS) FROM OPERATIONS 127,531 (504,928)
OTHER INCOME (EXPENSE)    
Interest income 1,869 4,192
Interest expense (61,451) (20,555)
Other (expense) income 18,145 1,143
Total other income (expense) (41,437) (15,220)
NET INCOME (LOSS) BEFORE PROVISION FOR INCOME TAXES 86,094 (520,148)
INCOME TAX PROVISION (BENEFIT) 28,691 (202,788)
NET INCOME (LOSS) $ 57,403 $ (317,360)
BASIC EARNINGS PER SHARE (in dollars per share) $ 0.001 $ (0.005)
BASIC WEIGHTED-AVERAGE SHARES OUTSTANDING (in shares) 63,226,857 62,797,540
DILUTED EARNINGS PER SHARE (in dollars per share) $ 0.001 $ (0.005)
DILUTED WEIGHTED-AVERAGE SHARES OUTSTANDING (in shares) 64,249,138 62,797,540