XML 39 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Condensed Statements of Operations (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Revenue $ 4,468,675 $ 2,964,848 $ 8,202,342 $ 5,797,616
Operating costs and expenses        
Cost of revenue 1,368,243 1,257,914 2,601,615 2,451,220
Selling, general and administrative 1,524,762 693,693 2,580,028 1,057,300
Depreciation and amortization 723,049 170,622 1,043,616 468,053
Total operating expenses 3,616,054 2,122,229 6,225,259 3,976,573
Operating income 852,621 842,619 1,977,083 1,821,043
Other income (expense)        
Interest income 23,072 0 23,072 0
Interest expense (579,047) (108,123) (889,886) (363,484)
Other income 89,048 54,686 186,526 144,128
Gain (loss) on sale of assets 13,292 (1,500) 13,292 (1,500)
Change in guaranteed debt 0 0 (45,834) (86,101)
Total other expense (453,635) (54,937) (712,830) (306,957)
Income before income taxes 398,986 787,682 1,264,253 1,514,086
Income tax expense 1,078,045 0 1,078,045 0
Net income $ (679,059) $ 787,682 $ 186,208 $ 1,514,086
Basic earnings per common share $ (0.06)    [1] $ 0.02    [1]
Basic weighted average common shares outstanding 11,795,708 0 10,313,518 0
Diluted earnings per common share $ (0.06)    [1] $ 0.02    [1]
Diluted weighted average common shares outstanding 11,795,708 0 10,439,801 0
[1] Information not comparable for the quarter and six months ended June 30, 2013 as a result of the Reorganization of the Company on May 22, 2014.