XML 16 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Consolidated Statements Of Income (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Income Statement [Abstract]        
Revenues, net $ 13,817,909 $ 11,692,146 $ 30,789,653 $ 22,672,551
Cost of sales 10,707,657 8,841,148 23,457,070 17,079,271
Gross Profit 3,110,252 2,850,998 7,332,583 5,593,280
Operating Expenses:        
Sales and marketing 928,321 488,057 1,869,596 903,888
Compensation 351,915 325,283 1,065,621 949,753
Professional fees 109,257 111,339 429,440 286,681
Product development 80,991 127,367 219,464 227,552
Other general and administrative 189,780 195,046 572,461 501,458
Total Operating Expenses 1,660,264 1,247,092 4,156,582 2,869,332
Net Operating Income 1,449,988 1,603,906 3,176,001 2,723,948
Other Income (Expense):        
Interest income (12,945) 13,664 13,664
Interest expense 56,514 103,363 113,431 227,522
Total Other Income (Expense) (69,459) (89,699) (113,431) (213,858)
Income Before Tax Provision 1,380,529 1,514,207 3,062,570 2,510,090
Provision for Income Tax 390,000 24,412 920,000 37,012
Net Income $ 990,529 $ 1,489,795 $ 2,142,570 $ 2,473,078
Net Income per Common Share        
Basic $ 0.021 $ 0.031 $ 0.046 $ 0.051
Diluted $ 0.021 $ 0.031 $ 0.045 $ 0.051
Weighted Average Common Shares Outstanding        
Basic 46,660,456 48,132,664 46,989,940 48,132,664
Diluted 47,152,574 48,371,158 47,462,664 48,320,017