| Quarterly Financial Data |
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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2017
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Net revenues
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$
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3,243,599
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$
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2,405,519
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$
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4,314,068
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$
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3,692,406
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$
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13,655,592
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Gross profit
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1,652,284
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1,277,655
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2,294,914
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1,794,659
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7,019,512
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Operating expenses
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3,526,974
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3,856,888
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3,561,050
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4,568,712
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15,513,624
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Income tax expense (benefit)
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(530,069)
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(824,033)
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(509,713)
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(126,628)
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(1,990,443)
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Net loss attributable to common shareholders before preferred stock dividend
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(1,366,181)
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(1,776,642)
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(789,889)
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(2,679,335)
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(6,612,047)
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Preferred stock dividend
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—
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—
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—
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1,990,771
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1,990,771
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Net loss attributable to common shareholders
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(1,366,181)
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(1,776,642)
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(789,889)
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(4,670,106)
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(8,602,818)
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Net income (loss) per common share – basic
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(0.04)
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(0.06)
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(0.03)
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(0.12)
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(0.25)
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Net income (loss) per common share – diluted
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(0.04)
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(0.06)
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(0.03)
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(0.12)
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(0.25)
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2016
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Net revenues
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$
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8,230,659
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$
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4,772,801
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$
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5,560,776
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$
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3,563,106
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$
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22,127,342
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Gross profit
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5,402,337
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2,845,395
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3,233,193
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1,868,559
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13,349,484
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Operating expenses
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3,009,782
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2,774,970
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2,384,674
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2,161,546
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10,330,972
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Income tax expense (benefit)
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829,453
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(27,824)
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231,211
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1,436,351
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2,469,191
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Net income (loss)
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1,490,363
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35,045
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570,258
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(1,750,941)
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344,725
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Net income (loss) per common share – basic
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0.05
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—
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0.02
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(0.06)
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—
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Net income (loss) per common share – diluted
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0.05
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—
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0.02
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(0.06)
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—
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