XML 14 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenues $ 2,890,060 $ 3,424,756 $ 6,118,691 $ 7,167,216
Operating expenses:        
Cost of services 2,034,439 2,426,612 4,189,222 4,802,006
Selling, general and administrative:        
Non-cash stock based compensation 283,747 393,525 571,436 627,056
Cancellation of stock based compensation (163,936)
Other expenses 801,540 419,838 1,409,889 937,018
Depreciation and amortization 225,554 92,948 449,777 178,520
Total operating expenses 3,345,280 3,332,923 6,620,324 6,380,664
Operating income (loss) (455,220) 91,833 (501,633) 786,552
Other income and (expense):        
Interest income 24,974 19,358 46,985 38,358
Other income (expense) 98,279 (32,305) 97,679 (32,409)
Total other income and (expense), net 123,253 (12,947) 144,664 5,949
Income (loss) before income taxes (331,967) 78,886 (356,969) 792,501
Income taxes 23,334 54,036 30,334 59,036
Net income (loss) $ (355,301) $ 24,850 $ (387,303) $ 733,465
Basic earnings per common share: (in dollars per share) $ (0.05) $ 0 $ (0.05) $ 0.10
Diluted earnings per common share: (in dollars per share) $ (0.05) $ 0 $ (0.05) $ 0.06
Weighted average common shares outstanding        
Basic (in shares) 7,738,759 7,369,329 7,729,003 7,369,329
Diluted (in shares) 7,738,759 12,081,754 7,729,003 12,102,919