XML 28 R4.htm IDEA: XBRL DOCUMENT v2.4.1.9
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (USD $)
3 Months Ended
Mar. 31, 2015
Mar. 31, 2014
REVENUE:    
Dental practice revenue $ 15,388,974us-gaap_HealthCareOrganizationPatientServiceRevenue $ 15,472,734us-gaap_HealthCareOrganizationPatientServiceRevenue
Capitation revenue 1,198,550us-gaap_HealthCareOrganizationCapitationRevenue 1,333,664us-gaap_HealthCareOrganizationCapitationRevenue
Total Revenue 16,587,524us-gaap_Revenues 16,806,398us-gaap_Revenues
DIRECT EXPENSES:    
Clinical salaries and benefits 9,944,817us-gaap_LaborAndRelatedExpense 9,893,366us-gaap_LaborAndRelatedExpense
Dental supplies 745,484us-gaap_SuppliesExpense 691,692us-gaap_SuppliesExpense
Laboratory fees 810,377us-gaap_OtherCostAndExpenseOperating 804,003us-gaap_OtherCostAndExpenseOperating
Occupancy 1,474,673us-gaap_OccupancyNet 1,458,394us-gaap_OccupancyNet
Advertising and marketing 160,887us-gaap_MarketingAndAdvertisingExpense 229,925us-gaap_MarketingAndAdvertisingExpense
Depreciation and amortization 1,109,871us-gaap_DepreciationDepletionAndAmortization 967,263us-gaap_DepreciationDepletionAndAmortization
General and administrative 1,257,765us-gaap_GeneralAndAdministrativeExpense 1,429,905us-gaap_GeneralAndAdministrativeExpense
Total Direct Expenses 15,503,874us-gaap_OperatingExpenses 15,474,548us-gaap_OperatingExpenses
Contribution from dental offices 1,083,650us-gaap_GrossProfit 1,331,850us-gaap_GrossProfit
CORPORATE EXPENSES:    
General and administrative 1,075,005us-gaap_OtherGeneralAndAdministrativeExpense [1] 1,169,145us-gaap_OtherGeneralAndAdministrativeExpense [1]
Depreciation and amortization 55,335us-gaap_OtherDepreciationAndAmortization 54,640us-gaap_OtherDepreciationAndAmortization
OPERATING INCOME/(LOSS) (46,690)us-gaap_OperatingIncomeLoss 108,065us-gaap_OperatingIncomeLoss
Interest expense, net 28,516us-gaap_InterestExpense 27,194us-gaap_InterestExpense
INCOME/(LOSS) BEFORE INCOME TAXES (75,206)us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments 80,871us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
Income tax expense/(benefit) (29,330)us-gaap_IncomeTaxExpenseBenefit 31,540us-gaap_IncomeTaxExpenseBenefit
NET INCOME/(LOSS) $ (45,876)us-gaap_NetIncomeLoss $ 49,331us-gaap_NetIncomeLoss
Net income/(loss) per share of Common Stock - Basic (in dollars per share) $ (0.02)us-gaap_EarningsPerShareBasic $ 0.03us-gaap_EarningsPerShareBasic
Net income/(loss) per share of Common Stock - Diluted (in dollars per share) $ (0.02)us-gaap_EarningsPerShareDiluted $ 0.03us-gaap_EarningsPerShareDiluted
Cash dividends per share of Common Stock (in dollars per share) $ 0.22us-gaap_CommonStockDividendsPerShareDeclared $ 0.22us-gaap_CommonStockDividendsPerShareDeclared
Weighted average number of shares of Common Stock and dilutive securities:    
Basic (in shares) 1,859,689us-gaap_WeightedAverageNumberOfSharesOutstandingBasic 1,854,455us-gaap_WeightedAverageNumberOfSharesOutstandingBasic
Diluted (in shares) 1,859,689us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding 1,864,708us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding
[1] Corporate expenses - general and administrative includes $100,430 and $80,773 of stock-based compensation expense pursuant to ASC Topic 718 for the quarters ended March 31, 2014 and 2015, respectively.