Quarterly Financial Information [Text Block] |
Note 13. Quarterly Financial Data (Unaudited)
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First
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Second
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Third
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Fourth
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Year
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Quarter
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Quarter
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Quarter
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Quarter
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Ended
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2013
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Net revenues
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$
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9,910,227
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$
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9,476,866
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$
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7,280,498
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$
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4,789,187
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$
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31,456,778
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Gross profit
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5,966,199
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5,520,116
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3,743,080
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2,274,963
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17,504,358
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Operating expenses
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2,365,165
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2,163,429
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2,653,184
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532,983
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7,714,761
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Income tax expense (benefit)
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25,677
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116,369
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328,938
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(4,879,728
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)
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(4,408,744
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)
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Net income
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3,533,846
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3,491,669
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726,911
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6,590,172
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14,342,598
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Net income per common share – basic
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0.12
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0.12
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0.03
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0.23
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0.51
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Net income per common share – diluted
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0.12
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0.12
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0.03
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0.23
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0.50
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2012
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Net revenues
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$
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8,634,442
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$
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7,831,364
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$
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8,656,390
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$
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9,911,701
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$
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35,033,897
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Gross profit
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5,016,144
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4,560,969
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5,293,736
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5,750,164
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20,621,013
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Operating expenses
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2,232,864
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2,397,738
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2,485,690
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2,564,791
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9,681,083
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Income tax expense (benefit)
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71,385
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226,836
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273,839
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(5,079,358
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)
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(4,507,298
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)
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Net income
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2,659,944
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1,904,429
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2,549,743
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8,185,205
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15,299,321
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Net income per common share – basic
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0.10
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0.07
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0.09
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0.29
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0.55
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Net income per common share – diluted
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0.09
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0.07
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0.09
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0.29
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0.53
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