XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
Revenue $ 6,435,278 $ 10,829,709 $ 15,589,111 $ 20,480,326
Cost of revenue 5,319,060 6,419,255 10,711,979 11,898,737
Gross profit 1,116,218 4,410,454 4,877,132 8,581,589
Operating expenses        
Research and development 128,117 110,965 224,923 181,300
Selling and shipping 399,249 352,909 912,724 638,325
General and administrative 1,968,465 2,115,793 4,208,530 4,214,388
Total operating expenses 2,495,831 2,579,667 5,346,177 5,034,013
Operating (loss)/income (1,379,613) 1,830,787 (469,045) 3,547,576
Other income (expense)        
Interest income 29,314 17,478 46,274 26,053
Interest expense (119,279) (17,607) (240,633) (35,244)
Other (expense)/income 439
Total other (expense) (89,965) (129) (194,359) (8,752)
(Loss)/income before income taxes (1,469,578) 1,830,658 (663,404) 3,538,824
Income tax (benefit)/expense (139,052) 573,783 108,718 1,257,915
Net (loss)/income $ (1,330,526) $ 1,256,875 $ (772,122) $ 2,280,909
Basic (loss)/income per common share (in dollars per share) $ (0.21) $ 0.20 $ (0.12) $ 0.36
Diluted (loss)/income per common share (in dollars per share) $ (0.21) $ 0.20 $ (0.12) $ 0.36
Weighted average common shares Outstanding-basic (in shares) 6,486,067 6,370,244 6,476,712 6,309,308
Stock options (in shares) 34,517 33,205
Weighted average common shares Outstanding-diluted (in shares) 6,486,067 6,404,761 6,476,712 6,342,513