Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Information (Tables)

v2.4.1.9
Quarterly Financial Information (Tables)
12 Months Ended
Dec. 31, 2014
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, 2014 and 2013:

 

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

$ 0.00    $ (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   
  

 

 

    

 

 

    

 

 

    

 

 

 

 

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 income

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

 

 

    

 

 

    

 

 

    

 

 

 

Earnings per weighted average common shares—basic and diluted

$ 0.01    $ 0.00    $ 0.00    $ (0.21 ) 
  

 

 

    

 

 

    

 

 

    

 

 

 

Weighted average common shares outstanding—basic and diluted

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