XML 53 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
Consolidated Statements of Operations and Comprehensive (Loss) Income (USD $)
12 Months Ended
Dec. 31, 2014
Dec. 31, 2013
Revenues $ 56,563,944us-gaap_SalesRevenueNet $ 46,472,677us-gaap_SalesRevenueNet
Cost of Revenue 41,257,600us-gaap_CostOfGoodsAndServicesSold 31,869,312us-gaap_CostOfGoodsAndServicesSold
Gross Profit 15,306,344us-gaap_GrossProfit 14,603,365us-gaap_GrossProfit
Operating Expenses    
General and administrative expenses 4,393,129us-gaap_GeneralAndAdministrativeExpense 4,076,088us-gaap_GeneralAndAdministrativeExpense
Patent litigation and defense expenses 562,486us-gaap_LegalFees 189,645us-gaap_LegalFees
Depreciation and amortization 3,402,330us-gaap_DepreciationAndAmortization 2,088,767us-gaap_DepreciationAndAmortization
Total operating expenses 8,357,945us-gaap_OperatingExpenses 6,354,500us-gaap_OperatingExpenses
Income from Operations 6,948,399us-gaap_OperatingIncomeLoss 8,248,865us-gaap_OperatingIncomeLoss
Other Income (Expense)    
Interest expense (791,159)us-gaap_InterestExpense (1,073,875)us-gaap_InterestExpense
Gain on sale and disposal of equipment 179,903us-gaap_GainLossOnSaleOfPropertyPlantEquipment 169,194us-gaap_GainLossOnSaleOfPropertyPlantEquipment
Other income 40,470us-gaap_OtherIncome 36,383us-gaap_OtherIncome
Total other expense (570,786)us-gaap_NonoperatingIncomeExpense (868,298)us-gaap_NonoperatingIncomeExpense
Income Before Tax Expense 6,377,613us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest 7,380,567us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income Tax Expense (2,371,872)us-gaap_IncomeTaxExpenseBenefit (3,079,330)us-gaap_IncomeTaxExpenseBenefit
Net Income 4,005,741us-gaap_NetIncomeLoss 4,301,237us-gaap_NetIncomeLoss
Other Comprehensive (Loss) Income    
Unrealized (loss) gain on interest rate swap, net of tax (7,025)us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax 8,875us-gaap_OtherComprehensiveIncomeUnrealizedGainLossOnDerivativesArisingDuringPeriodNetOfTax
Settlements – interest rate swap 19,368us-gaap_DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet 27,331us-gaap_DerivativeInstrumentsGainLossRecognizedInOtherComprehensiveIncomeEffectivePortionNet
Reclassification into earnings (16,413)us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsAndTax (27,331)us-gaap_OtherComprehensiveIncomeLossAvailableForSaleSecuritiesAdjustmentBeforeReclassificationAdjustmentsAndTax
Total other comprehensive (loss) income (4,070)us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent 8,875us-gaap_OtherComprehensiveIncomeLossNetOfTaxPortionAttributableToParent
Comprehensive income $ 4,001,671us-gaap_ComprehensiveIncomeNetOfTax $ 4,310,112us-gaap_ComprehensiveIncomeNetOfTax