XML 14 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Income Statement [Abstract]    
Revenue $ 27,631,499 $ 22,452,148
Cost of Revenue 24,903,258 21,547,751
Gross Profit 2,728,241 904,397
Operating Expenses:    
Sales and marketing 598,479 377,095
General and administrative 1,586,863 1,535,835
Total operating expenses 2,185,342 1,912,930
Income (Loss) from Operations 542,899 (1,008,533)
Other Expense:    
Interest expense (1,289,379) (357,051)
Change in fair value of placement rights derivative liability (725,000)
Total Other Expense (1,289,379) (1,082,051)
Net Loss $ (746,480) $ (2,090,584)
Basic and Diluted Loss per Common Share:    
Net loss per common share - basic and diluted (in dollars per share) $ (0.04) $ (0.11)
Weighted average number of common shares outstanding during the period - basic and diluted (in shares) 20,136,999 19,751,999