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Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Revenue $ 4,883,511 $ 10,645,824 $ 13,630,726 $ 30,772,421
Cost of revenue 3,192,345 6,520,341 9,912,207 18,730,107
Gross profit 1,691,166 4,125,483 3,718,519 12,042,314
Operating expenses        
Research and development 150,257 75,484 304,591 545,246
Selling and shipping 261,006 312,400 805,681 900,120
General and administrative 1,675,163 1,871,818 5,145,343 6,007,553
Litigation settlement 995,000 995,000
Gain on settlement (628,905)
Total operating expenses 2,086,426 3,254,702 5,626,710 8,447,919
Operating (loss)/income (395,260) 870,781 (1,908,191) 3,594,395
Other income (expense)        
Interest income 7,054 5,894 20,582 17,708
Interest expense (19,153) (22,042) (61,608) (70,907)
Other income 118,645 123,093 781
Total other income/(expense) 106,546 (16,148) 82,067 (52,418)
(Loss)/income before income taxes (288,714) 854,633 (1,826,124) 3,541,977
Income tax (benefit)/expense (203,310) 43,550 (907,372) 727,759
Net (loss)/income $ (85,404) $ 811,083 $ (918,752) $ 2,814,218
Basic (loss)/income per common share (in dollars per share) $ (0.01) $ 0.13 $ (0.15) $ 0.46
Diluted (loss)/income per common share (in dollars per share) $ (0.01) $ 0.13 $ (0.15) $ 0.45
Weighted average common shares Outstanding-basic (in shares) 6,323,039 6,171,086 6,269,102 6,169,836
Stock options (in shares) 94,119 111,516
Outstanding-diluted (in shares) 6,323,039 6,265,205 6,269,102 6,281,353