XML 24 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Statements of Operations (USD $)
3 Months Ended 6 Months Ended
Sep. 30, 2014
Sep. 30, 2013
Sep. 30, 2014
Sep. 30, 2013
Revenue        
Water and related $ 3,360,845 $ 3,066,821 $ 6,466,325 $ 5,851,096
Resort operations 119,883 113,768 170,381 170,586
Net revenues 3,480,728 3,180,589 6,636,706 6,021,682
Cost of goods sold 962,877 901,663 1,760,121 1,661,117
Gross profit 2,517,851 2,278,926 4,876,585 4,360,565
Operating expenses        
Salaries and related 1,129,469 993,407 2,194,057 1,888,896
Administrative and general 554,233 489,799 1,113,409 1,082,503
Delivery 290,844 232,191 546,878 471,049
Advertising and promotions 101,768 105,301 149,706 157,363
Depreciation and amortization 143,509 125,225 285,767 258,803
Total operating expenses 2,219,823 1,945,923 4,289,817 3,858,614
Operating income 298,028 333,003 586,768 501,951
Other income (expense)        
Interest income 450 450 699 1,089
Interest expense (55,435) (63,852) (109,574) (123,837)
Total other expense (54,985) (63,402) (108,875) (122,748)
Net income before provision for income taxes 243,043 269,601 477,893 379,203
Income tax (expense) benefit        
Current (73,300) (79,094) (151,770) (87,827)
Deferred 0 (14,106) 0 (44,173)
Total income tax expense (73,300) (93,200) (151,770) (132,000)
Net income $ 169,743 $ 176,401 $ 326,123 $ 247,203
Basic common shares outstanding 6,036,091 6,036,091 6,036,091 6,036,091
Basic income per common share $ 0.03 $ 0.03 $ 0.05 $ 0.04
Diluted weighted average common shares 6,048,482 6,036,091 6,048,482 6,036,091
Diluted income per common share $ 0.03 $ 0.03 $ 0.05 $ 0.04