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Quarterly Operating Results (Unaudited)
12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Operating Results (Unaudited)

15. Quarterly Operating Results (Unaudited)

 

 

 

Quarters Ended 2015

 

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

Total revenue

 

$

30,975,630

 

 

$

36,865,108

 

 

$

33,941,875

 

 

$

36,750,863

 

Total operating expenses

 

 

27,410,462

 

 

 

29,689,455

 

 

 

31,976,036

 

 

$

34,127,473

 

Net operating income (loss)

 

 

3,565,168

 

 

 

7,175,653

 

 

 

1,965,839

 

 

 

2,623,390

 

Net income (loss)

 

 

713,859

 

 

 

1,759,109

 

 

 

4,636,644

 

 

 

(711,959

)

Net income (loss) attributable to the Company

 

 

575,336

 

 

 

1,431,110

 

 

 

3,872,394

 

 

 

(522,174

)

Earnings (loss) per share – basic and diluted

 

$

0.05

 

 

 

0.13

 

 

 

0.27

 

 

 

(0.04

)

 

 

 

Quarters Ended 2014

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

March 31

 

 

June 30

 

 

September 30

 

 

December 31

 

Total revenue

 

$

25,010,389

 

 

$

36,339,701

 

 

$

31,764,453

 

 

$

29,825,377

 

Total operating expenses

 

 

22,249,394

 

 

 

29,120,620

 

 

 

28,622,841

 

 

 

30,441,730

 

Net operating income (loss)

 

 

2,760,995

 

 

 

7,219,081

 

 

 

3,141,612

 

 

 

(616,353

)

Net income (loss)

 

 

1,002,314

 

 

 

2,752,555

 

 

 

(280,014

)

 

 

(4,213,362

)

Net income (loss) attributable to the Company

 

 

783,002

 

 

 

2,166,689

 

 

 

(214,902

)

 

 

(3,319,460

)

Earnings (loss) per share – basic and diluted

 

 

0.08

 

 

 

0.21

 

 

 

(0.02

)

 

 

(0.31

)