Annual report pursuant to Section 13 and 15(d)

Quarterly Results of Operations (Unaudited)

v3.8.0.1
Quarterly Results of Operations (Unaudited)
12 Months Ended
Dec. 31, 2017
Quarterly Results of Operations (Unaudited)  
Quarterly Results of Operations (Unaudited)

14.  Quarterly Results of Operations (Unaudited)

 

The following is a summary of the quarterly results of operations for the years ended December 31, 2017 and 2016:

 

 

 

 

 

 

 

 

 

 

 

 

Quarter

 

 

 

 

First

 

Second

 

Third

 

Fourth

 

Total

2017

 

 

 

 

 

 

 

 

 

 

Revenues

$

12,241,073

$

15,168,064

$

16,046,253

$

16,971,005

$

60,426,395

Gross profit

 

10,325,425

 

12,890,863

 

13,541,975

 

14,356,547

 

51,114,810

Net loss

 

(3,762,025)

 

(2,060,179)

 

(2,124,079)

 

(2,499,179)

 

(10,445,462)

Loss per common share - basic and diluted

 

(0.11)

 

(0.06)

 

(0.06)

 

(0.07)

 

(0.31)

 

 

 

 

 

 

 

 

 

 

 

2016

 

 

 

 

 

 

 

 

 

 

Revenues

$

8,111,759

$

10,381,883

$

11,205,224

$

11,408,672

$

41,107,538

Gross profit

 

6,706,168

 

8,847,471

 

9,507,781

 

9,578,868

 

34,640,288

Net loss

 

(3,676,091)

 

(2,802,696)

 

(2,305,373)

 

(5,626,984)

 

(14,411,144)

Loss per common share - basic and diluted

 

(0.12)

 

(0.09)

 

(0.08)

 

(0.17)

 

(0.47)