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Condensed Consolidated Statements of Operations and Comprehensive Income (Loss) (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenues $ 5,503,211 $ 5,308,854 $ 17,948,622 $ 30,150,900
Cost of Revenue 5,961,540 5,355,942 17,669,806 22,184,102
Gross Profit (Loss) (458,329) (47,088) 278,816 7,966,798
Operating Expenses        
General and administrative expenses 966,873 954,831 2,894,769 3,115,557
Patent litigation and defense costs 33,171 53,844 108,783 493,058
Depreciation and amortization 1,602,901 1,489,352 4,968,493 4,252,124
Total operating expenses 2,602,945 2,498,027 7,972,045 7,860,739
Income (Loss) from Operations (3,061,274) (2,545,115) (7,693,229) 106,059
Other Income (Expense)        
Interest expense (553,049) (360,434) (1,426,500) (860,865)
Gain (Loss) on disposal of equipment 233,473 (1,071)
Other income 5,198 22,642 12,204 54,893
Total other expense (547,851) (337,792) (1,180,823) (807,043)
Income (Loss) Before Tax Expense (3,609,125) (2,882,907) (8,874,052) (700,984)
Income Tax Expense (Benefit) 1,251,301 1,234,716 3,060,008 330,162
Net Income (Loss) (2,357,824) (1,648,191) (5,814,044) (370,822)
Other Comprehensive Income (Loss)
Comprehensive Income (Loss) $ (2,357,824) $ (1,648,191) $ (5,814,044) $ (370,822)
Earnings (Loss) per Common Share – Basic (in dollars per share) $ (0.06) $ (0.04) $ (0.15) $ (0.01)
Earnings (Loss) per Common Share – Diluted (in dollars per share) $ (0.06) $ (0.04) $ (0.15) $ (0.01)
Basic weighted average number of common shares outstanding (in shares) 38,130,160 38,101,647 38,129,994 37,740,843
Add: Dilutive shares assuming exercise of options and warrants (in shares)
Diluted weighted average number of common shares outstanding (in shares) 38,130,160 38,101,647 38,129,994 37,740,843