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Unaudited Quarterly Results of Operations
 12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Results of Operations
Note 22 – Unaudited Quarterly Results of Operations
 
 
 
2014 Quarter Ended
 
 
 
December 31,
 
September 30,  (1)
 
June 30,
 
March 31,
 
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
36,958,232
 
$
13,614,971
 
$
20,499,919
 
$
61,496,719
 
Gross margin
 
 
12,036,544
 
 
7,014,641
 
 
8,392,127
 
 
17,409,150
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations
 
$
1,200,689
 
$
(1,514,569)
 
$
(1,493,499)
 
$
4,536,545
 
Discontinued operations
 
 
450,959
 
 
34,825
 
 
64,881
 
 
481,946
 
Net income (loss)
 
$
1,651,648
 
$
(1,479,744)
 
$
(1,428,618)
 
$
5,018,491
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic and diluted earnings per share
 
 
 
 
 
 
 
 
 
 
 
 
 
Continuing operations
 
$
0.11
 
$
(0.14)
 
$
(0.14)
 
$
0.43
 
Discontinued operations
 
 
0.05
 
 
-
 
 
-
 
 
0.05
 
Net income (loss) per share
 
$
0.16
 
$
(0.14)
 
$
(0.14)
 
$
0.48
 
 
 
 
2013 Quarter Ended
 
 
 
December 31, (2)
 
September 30,  (3)
 
June 30,  (4)
 
March 31,
 
 
 
 
 
 
 
 
 
 
 
Revenue
 
$
36,286,131
 
$
13,617,328
 
$
18,707,462
 
$
40,789,432
 
Gross margin
 
 
13,476,706
 
 
7,234,509
 
 
7,351,808
 
 
15,307,311
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Income (loss) from continuing operations
 
$
2,797,734
 
$
(850,046)
 
$
(429,753)
 
$
4,334,206
 
Discontinued operations
 
 
417,076
 
 
(154,292)
 
 
102,837
 
 
453,517
 
Net income (loss)
 
$
3,214,810
 
$
(1,004,338)
 
$
(326,916)
 
$
4,787,723
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Basic and diluted earnings per share
 
 
 
 
 
 
 
 
 
 
 
 
 
Continuing operations
 
$
0.27
 
$
(0.08)
 
$
(0.05)
 
$
0.52
 
Discontinued operations
 
 
0.04
 
 
(0.02)
 
 
0.01
 
 
0.05
 
Net income (loss) per share
 
$
0.31
 
$
(0.10)
 
$
(0.04)
 
$
0.57
 
 
(1) Company classified its Energy West Wyoming subsidiary and Glacier and Shoshone Pipeline Assets as discontinued operations. All prior periods have been restated to match this presentation.
(2) Company recorded a goodwill impairment expense of $0.7 million and an unrealized gain on its contingent consideration liability of $1.6 million.
(3) Company classified its Independence subsidiary as discontinued operations. All prior periods have been restated to match this presentation.
(4) Company recorded a contingent liability of $0.9 million, related to the PUCO’s GCR audit of its Ohio utilities, reducing gross margin.