XML 15 R4.htm IDEA: XBRL DOCUMENT v3.10.0.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2018
Jun. 30, 2017
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS) [Abstract]        
Revenue $ 11,075,840 $ 12,268,259 $ 22,138,850 $ 24,609,186
Cost of revenue 8,686,841 9,935,468 17,406,966 18,975,045
Gross profit 2,388,999 2,332,791 4,731,884 5,634,141
Operating expenses        
Selling general and administration 2,524,588 4,840,272 5,403,530 7,873,727
Acquisition related expenses 0 175,136 10,000 384,480
Depreciation and amortization 809,282 825,657 1,630,018 1,514,757
Operating expenses 3,333,870 5,841,065 7,043,548 9,772,964
Operating (loss) (944,871) (3,508,274) (2,311,664) (4,138,823)
Interest expense (182,521) (164,343) (393,680) (255,149)
Changes in estimates (134,619) 400,000 (134,619) 400,000
Others, net 1,790 8,624 7,989 4,475
(Loss) before income taxes (1,260,221) (3,263,993) (2,831,974) (3,989,497)
Tax benefit / (provision) 0 0 0 0
(Loss) after income taxes (1,260,221) (3,263,993) (2,831,974) (3,989,497)
Net income attributable to non-controlling interest 0 (15,388) 0 (11,872)
Net (loss) attributable to the Company (1,260,221) (3,279,381) (2,831,974) (4,001,369)
Dividend on preferred stock (104,136) (504,826) (661,553) (1,004,791)
Net (loss) attributable to common stockholders (1,364,357) (3,784,207) (3,493,527) (5,006,160)
Other comprehensive income (loss), net of tax        
Foreign exchange translation (32,310) (2,185) (2,519) 3,150
Comprehensive (loss) (1,396,667) (3,786,392) (3,496,046) (5,003,010)
Comprehensive (loss) attributable to the Company (1,396,667) (3,771,004) (3,496,046) (4,991,138)
Comprehensive income/(loss) attributable to the non-controlling interest 0 (15,388) 0 (11,872)
Comprehensive (loss) $ (1,396,667) $ (3,786,392) $ (3,496,046) $ (5,003,010)
Basic (loss) per share (in dollars per share) $ (0.07) $ (0.26) $ (0.19) $ (0.35)
Diluted (loss) per share (in dollars per share) $ (0.07) $ (0.26) $ (0.19) $ (0.35)
Basic weighted average number of common shares outstanding (in shares) 18,790,998 14,610,609 18,678,224 14,352,573
Diluted weighted average number of common shares outstanding (in shares) 18,790,998 14,610,609 18,678,224 14,352,573