Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Information (Tables)

v3.3.1.900
Quarterly Financial Information (Tables)
12 Months Ended
Dec. 31, 2015
Quarterly Financial Information Disclosure [Abstract]  
Summary of Quarterly Results of Operations

The following table reflects the quarterly results of operations for the years ended December 31, 2015 and 2014:

 

Fiscal Year 2015:    Quarter Ended  
     March 31, 2015      June 30, 2015      September 30, 2015      December 31, 2015  

Operating revenues

   $ 2,625,724       $ 2,783,853       $ 3,083,553       $ 3,408,331   

Operating expenses

     (1,671,211      (1,889,182      (1,915,900      (1,856,387

Other expenses

     (929,939      (924,960      (961,258      (1,184,079
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income before income taxes

     24,574         (30,289      206,395         367,865   

Provision for income taxes

     —           —           —           —     
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income (loss)

   $ 24,574       $ (30,289    $ 206,395       $ 367,865   
  

 

 

    

 

 

    

 

 

    

 

 

 

Earnings (loss) per weighted average common shares – basic and diluted

   $ 0.01       $ —         $ 0.02       $ 0.04   
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted average common shares outstanding – basic and diluted

     7,753,717         8,439,855         9,060,314         9,282,280   
  

 

 

    

 

 

    

 

 

    

 

 

 
Fiscal Year 2014:    Quarter Ended  
     March 31, 2014      June 30, 2014      September 30, 2014      December 31, 2014  

Operating revenues

   $ 1,495,636       $ 1,565,935       $ 1,777,675       $ 2,345,676   

Operating expenses

     (1,100,452      (1,208,458      (1,476,092      (1,799,948

Other expenses

     (367,643      (651,948      (194,351      (484,661
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income before income taxes

     27,541         (294,471      107,232         61,067   

Provision for income taxes

     (6,623      (6,623      (6,857      (6,399
  

 

 

    

 

 

    

 

 

    

 

 

 

Net income (loss)

   $ 20,918       $ (301,094    $ 100,375       $ 54,668   
  

 

 

    

 

 

    

 

 

    

 

 

 

Earnings (loss) per weighted average common shares – basic and diluted

   $ —         $ (0.05    $ 0.02       $ 0.01   
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted average common shares outstanding – basic and diluted

     6,530,264         6,530,264         6,605,264         7,735,354