Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Information (Tables)

v2.4.0.8
Quarterly Financial Information (Tables)
12 Months Ended
Dec. 31, 2013
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, 2013 and 2012:

 

Fiscal Year 2013:    Quarter Ended  
     March 31, 2013     June 30, 2013     September 30, 2013     December 31, 2013  

Operating revenues

   $ 914,583      $ 949,756      $ 996,096      $ 1,177,703   

Operating expenses

     (538,105     (611,333     (647,480     (883,767

Other expenses

     (269,773     (261,229     (258,450     (272,954
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income before income taxes

     106,705        77,194        90,166        20,982   

Provision for income taxes

     (59,189     (46,838     (85,406     (1,328,297
  

 

 

   

 

 

   

 

 

   

 

 

 

Net loss

   $ 47,516      $ 30,356      $ 4,760      $ (1,307,315
  

 

 

   

 

 

   

 

 

   

 

 

 

Earnings (loss) per weighted average common share - basic and diluted

   $ 0.01      $ 0.00      $ 0.00      $ (0.20
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average common share outstanding - basic and diluted

     5,249,898        6,530,264        6,530,264        6,530,264   
  

 

 

   

 

 

   

 

 

   

 

 

 

 

Fiscal Year 2012:    Quarter Ended  
     March 31, 2012     June 30, 2012     September 30, 2012     December 31, 2012  

Operating revenues

   $ 813,475      $ 811,900      $ 848,462      $ 916,757   

Operating expenses

     (317,402     (254,924     (542,842     (373,811

Other expenses

     (214,669     (253,487     (245,937     (286,830
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income before income taxes

     281,404        303,489        59,683        256,116   

Provision for income taxes

     (93,830     (101,193     (19,900     (85,396
  

 

 

   

 

 

   

 

 

   

 

 

 

Net income

   $ 187,574      $ 202,296      $ 39,783      $ 170,720   
  

 

 

   

 

 

   

 

 

   

 

 

 

Earnings per weighted average common share - basic and diluted

   $ 0.07      $ 0.07      $ 0.01      $ 0.06   
  

 

 

   

 

 

   

 

 

   

 

 

 

Weighted average common share outstanding - basic and diluted

     2,750,000        2,750,000        2,750,000        2,750,000