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CONSOLIDATED STATEMENTS OF INCOME AND COMPREHENSIVE INCOME - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenue        
Listing fee revenue $ 2,968,534 $ 439,811 $ 8,166,072 $ 1,549,587
Commission revenue 1,669,698 2,239,526 3,739,958 3,267,516
Gross management fee revenue 781,219 26,889 1,341,294 98,674
Authorized agent subscription revenue 322,318 0 966,059 0
Annual fee revenue 440 162 869 1,591
Total revenue 5,742,209 2,706,388 14,214,252 4,917,368
Cost of revenue (285,252) (214,530) (822,735) (592,342)
Gross profit 5,456,957 2,491,858 13,391,517 4,325,026
Operating expenses:        
General and administrative expenses (1,744,965) (882,982) (5,076,689) (1,950,662)
Selling expenses (652,207) (116,090) (1,993,782) (173,888)
Income from operations 3,059,785 1,492,786 6,321,046 2,200,476
Other income and expenses:        
Other income (loss) 163,738 (659) 314,268 (205)
Loan interest expense (62,670) 0 (62,670) 0
Exchange loss (112,384) (4,542) (530,934) (4,513)
Total other income (loss) (11,316) (5,201) (279,336) (4,718)
Income before provision for income taxes 3,048,469 1,487,585 6,041,710 2,195,758
Provision for income taxes (596,732) (343,512) (1,377,078) (480,414)
Net income 2,451,737 1,144,073 4,664,632 1,715,344
Foreign currency translation adjustment 10,172 (22,523) 18,322 (21,903)
Comprehensive income $ 2,461,909 $ 1,121,550 $ 4,682,954 $ 1,693,441
Earnings per common share- basic $ 0.23 $ 0.12 $ 0.44 $ 0.18
Earnings per common share- diluted $ 0.22 $ 0.12 $ 0.41 $ 0.18
Weighted average number of common shares outstanding-basic 10,632,276 9,612,496 10,632,276 9,426,026
Weighted average number of common shares outstanding-diluted 11,365,597 9,612,496 11,277,845 9,426,026