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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenue $ 14,564,628 $ 13,069,754 $ 26,503,227 $ 26,708,400
Cost of revenue 8,544,770 7,684,286 16,363,309 16,030,599
Gross Margin 6,019,858 5,385,468 10,139,918 10,677,801
Operating expenses:        
General and administrative expenses (3,086,134) (3,246,518) (6,150,915) (6,045,858)
Research & Development (64,249) (469,795) (354,826) (1,040,023)
Amortization, impairment and depreciation expense (1,331,594) (1,020,357) (2,812,981) (2,341,616)
Reversal of assignment of legal judgment 692,000 0 692,000 0
Interest expense (1,211,580) (522,190) (1,673,887) (1,037,419)
Total (5,001,557) (5,258,860) (10,300,609) (10,464,916)
Net Income/(loss) before income taxes 1,018,301 126,608 (160,691) 212,885
Provision for Income taxes 0 0 0 0
Net Income/(loss) $ 1,018,301 $ 126,608 $ (160,691) $ 212,885
Net income per common share – basic (in Dollars per share) [1]
Net income per common share – fully diluted (in Dollars per share) [1]
Weighted average common shares – basic (in Shares) 108,800,117 102,956,279 108,830,945 102,809,840
Weighted average common shares – fully diluted (in Shares) 114,291,361 107,552,461 108,830,945 107,406,023
[1] Less than $0.01, per share