| Summary of Quarterly Results of Operations |
The following table reflects the quarterly results of operations for the years ended December 31, 2016 and 2015:
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Fiscal Year 2016: |
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Quarter Ended |
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March 31, 2016 |
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June 30, 2016 |
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September 30, 2016 |
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December 31, 2016 |
Operating revenues |
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$ |
3,682,677 |
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$ |
4,244,441 |
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$ |
4,469,174 |
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$ |
4,920,325 |
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Operating expenses |
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(2,282,477 |
) |
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(2,650,404 |
) |
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(2,663,340 |
) |
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(2,663,809 |
) |
Other expenses |
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(1,160,208 |
) |
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(1,478,177 |
) |
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(1,771,233 |
) |
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(2,173,481 |
) |
Net income |
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239,992 |
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115,860 |
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34,601 |
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83,035 |
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Less net income attributable to non-controlling interests |
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(5,576 |
) |
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(8,047 |
) |
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(2,718 |
) |
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(9,045 |
) |
Net income attributable to the Company |
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$ |
234,416 |
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$ |
107,813 |
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$ |
31,883 |
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$ |
73,990 |
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Earnings per weighted average common shares – basic and diluted |
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$ |
0.02 |
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$ |
0.01 |
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$ |
— |
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$ |
0.01 |
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Weighted average common shares outstanding – basic and diluted |
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9,992,941 |
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9,992,941 |
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10,018,331 |
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10,024,875 |
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Fiscal Year 2015: |
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Quarter Ended |
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March 31, 2015 |
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June 30, 2015 |
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September 30, 2015 |
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December 31, 2015 |
Operating revenues |
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$ |
2,625,724 |
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$ |
2,783,853 |
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$ |
3,083,553 |
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$ |
3,408,331 |
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Operating expenses |
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(1,671,211 |
) |
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(1,889,182 |
) |
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(1,915,900 |
) |
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(1,856,387 |
) |
Other expenses |
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(929,939 |
) |
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(924,960 |
) |
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(961,258 |
) |
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(1,184,079 |
) |
Net income (loss) |
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24,574 |
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(30,289 |
) |
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206,395 |
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367,865 |
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Earnings (loss) per weighted average common shares – basic and diluted |
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$ |
0.01 |
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$ |
— |
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$ |
0.02 |
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$ |
0.04 |
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Weighted average common shares outstanding – basic and diluted |
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7,753,717 |
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8,439,855 |
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9,060,314 |
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9,282,280 |
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