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Selected Quarterly Consolidated Financial Data (Unaudited)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Consolidated Financial Data (Unaudited)

15. Selected Quarterly Consolidated Financial Data (unaudited)

 

The following table sets for the selected unaudited condensed consolidated statements of operations data for each of the four quarters of the years ended December 31, 2016 and 2015. The unaudited quarterly information has been prepared on the same basis as the annual information presented elsewhere herein and, in the Company’s opinion, includes all adjustments (consisting only of normal recurring entries) necessary for a fair statement of the information for the quarters presented. The operating results for any quarter are not necessarily indicative of results for any future period and should be read in conjunction with the audited consolidated financial statements of the Company’s and the notes thereto included elsewhere herein.

 

    Three Months Ended  
    March 31,     June 30,     September 30,     December 31,  
    2016     2016     2016     2016  
Net sales   $ 463,474     $ 504,311     $ 607,847     $ 532,674  
Gross profit     207,305       236,095       236,993       147,569  
Net loss     (1,014,679 )     (1,309,500 )     (1,456,049 )     (1,419,391 )
Net loss available per common share, basic and diluted     (1.34 )     (1.38 )     (0.92 )     (0.57 )

 

 

    Three Months Ended  
    March 31,     June 30,     September 30,     December 31,  
    2015     2015     2015     2015  
Net sales   $ 325,070     $ 304,414     $ 352,081     $ 721,053  
Gross profit     107,208       146,763       184,557       393,700  
Net loss     (831,018 )     (688,060 )     (1,412,612 )     (669,376 )
Net loss available per common sharebasic and diluted     (1.10 )     (0.91 )     (1.85 )     (0.87 )