XML 24 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Statements of Operations (USD $)
3 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Revenue    
Water and related $ 3,105,480 $ 2,784,275
Resort operations 50,498 56,818
Total revenues 3,155,978 2,841,093
Cost of goods sold 797,244 759,454
Gross profit 2,358,734 2,081,639
Operating expenses    
Salaries and related expenses 1,064,588 895,489
Administrative and general 559,176 592,704
Delivery 256,034 238,858
Advertising and promotions 47,938 52,062
Depreciation and amortization 142,258 133,578
Total operating expenses 2,069,994 1,912,691
Income from operations 288,740 168,948
Other income (expense)    
Interest income 249 639
Interest expense (54,139) (59,985)
Total other expense (53,890) (59,346)
Income before income taxes 234,850 109,602
Income tax expense    
Current (78,470) (8,733)
Deferred    (30,067)
Total income tax expense (78,470) (38,800)
Net income available to common shareholders $ 156,380 $ 70,802
Weighted average number of common shares outstanding - basic and dilutive 6,036,091 6,036,091
Basic and diluted income per common share $ 0.03 $ 0.01
Diluted weighted average common shares outstanding 6,037,341 6,036,091
Diluted income per common share $ 0.03 $ 0.01