XML 15 R4.htm IDEA: XBRL DOCUMENT v3.7.0.1
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Revenue $ 10,829,709 $ 3,743,782 $ 20,480,326 $ 8,747,215
Cost of revenue 6,419,255 3,249,540 11,898,737 6,719,862
Gross profit 4,410,454 494,242 8,581,589 2,027,353
Operating expenses        
Research and development 110,965 72,459 181,300 154,334
Selling and shipping 352,909 286,884 638,325 544,675
General and administrative 2,115,793 1,744,080 4,214,388 3,470,180
Gain on settlement   (628,905)   (628,905)
Total operating expenses 2,579,667 1,474,518 5,034,013 3,540,284
Operating income/(loss) 1,830,787 (980,276) 3,547,576 (1,512,931)
Other income (expense)        
Interest income 17,478 6,782 26,053 13,528
Interest expense (17,607) (22,462) (35,244) (42,455)
Other income 439 4,448
Total other (expense) (129) (15,680) (8,752) (24,479)
Pretax income 1,830,658 (995,956) 3,538,824 (1,537,410)
Income tax expense/(benefit) 573,783 (500,372) 1,257,915 (704,062)
Net income/(loss) $ 1,256,875 $ (495,584) $ 2,280,909 $ (833,348)
Basic income/(loss) per common share (in dollars per share) $ 0.20 $ (0.08) $ 0.36 $ (0.13)
Diluted income/(loss) per common share (in dollars per share) $ 0.20 $ (0.08) $ 0.36 $ (0.13)
Weighted average common shares Outstanding-basic (in shares) 6,370,244 6,301,983 6,309,308 6,257,563
Stock options (in shares) 34,517   33,205  
Weighted average common shares Outstanding-diluted (in shares) 6,404,761 6,301,983 6,342,513 6,257,563