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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2014
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Net revenues
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$
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6,690,195
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$
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4,346,223
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$
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7,900,055
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$
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5,554,113
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$
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24,490,586
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Gross profit
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3,678,494
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2,385,941
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4,170,270
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2,886,773
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13,121,478
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Operating expenses
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2,094,858
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1,590,718
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2,142,640
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3,369,350
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9,197,566
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Income tax expense
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98,875
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504,898
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851,321
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69,036
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1,524,130
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Net income (loss)
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1,464,603
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375,081
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1,159,498
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(566,121)
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2,433,061
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Net income (loss) per common share – basic
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0.05
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0.01
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0.04
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(0.02)
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0.09
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Net income (loss) per common share – diluted
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0.05
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0.01
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0.04
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(0.02)
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0.08
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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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(4,408,744)
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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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