XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Condensed Consolidated Statements of Operations (UNAUDITED) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenue $ 8,303,227 $ 7,633,650 $ 16,318,568 $ 14,210,498
Cost of goods sold 5,904,630 5,330,708 11,575,368 9,994,427
Gross margin 2,398,597 2,302,942 4,743,200 4,216,071
Selling, general and administrative expenses 1,710,445 2,055,790 3,542,753 4,002,747
Total operating expenses 1,710,445 2,055,790 3,542,753 4,002,747
Operating income (loss) 688,152 247,152 1,200,447 213,324
Other (income) expense:        
Interest expense, net 112,889 111,449 244,538 220,568
Other (income) 0 0 0 0
Total other (income) expense 112,889 111,449 244,538 220,568
Net income (loss) before taxes 575,263 135,703 955,909 (7,244)
Income tax expense 0 0 0 0
Net income (loss) from continuing operations 575,263 135,703 955,909 (7,244)
Less net income attributable to noncontrolling interest in variable interest entities 0 0 0 (1,544)
Net income (loss) from discontinued operations 0 (2,087,056) 4,447,279 (3,960,763)
Consolidated net income (loss) $ 575,263 $ (1,951,353) $ 5,403,188 $ (3,968,007)
Net income (loss) per share from continuing operations – basic (in Dollars per share) $ 0.023 $ 0.006 $ 0.038 $ 0.000
Net income (loss) per share from discontinued operations – basic (in Dollars per share) 0 (0.092) 0.179 (0.183)
Net income (loss) per share from continuing operations – diluted (in Dollars per share) 0.020 0.005 0.035 0.000
Net income (loss) per share from discontinued operations – diluted (in Dollars per share) $ 0 $ (0.092) $ 0.140 $ (0.183)
Weighted average shares outstanding - basic (in Shares) 25,001,319 22,785,765 24,841,416 21,623,103
Weighted average shares outstanding - diluted (in Shares) 31,883,014 27,168,648 31,839,607 31,503,772