Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Information

v3.8.0.1
Quarterly Financial Information
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Information [Abstract]  
Quarterly Financial Information
QUARTERLY FINANCIAL INFORMATION (unaudited)
The following table reflects the quarterly results of operations for the years ended December 31, 2017 and 2016 (dollars in thousands, except per share data):
Fiscal Year 2017:
 
Quarter Ended
 
 
March 31, 2017
 
June 30, 2017
 
September 30, 2017
 
December 31, 2017
Operating revenues
 
$
5,750

 
$
5,996

 
$
6,564

 
$
6,812

Operating expenses
 
(3,146
)
 
(3,090
)
 
(3,645
)
 
(3,865
)
Other expenses
 
(2,431
)
 
(2,651
)
 
(3,166
)
 
(3,162
)
Net income (loss)
 
173

 
255

 
(247
)
 
(215
)
Net (income) loss attributable to non-controlling interests
 
(21
)
 
(28
)
 
26

 
26

Net income (loss) attributable to the Company
 
$
152

 
$
227

 
$
(221
)
 
$
(189
)
Earnings (loss) per common share – basic and diluted
 
$
0.01

 
$
0.02

 
$
(0.02
)
 
$
(0.01
)
Weighted average shares of common stock outstanding – basic and diluted
 
10,395,736

 
11,850,624

 
12,271,925

 
13,666,560

 
 
 
 
 
 
 
 
 
Fiscal Year 2016:
 
Quarter Ended
 
 
March 31, 2016
 
June 30, 2016
 
September 30, 2016
 
December 31, 2016
Operating revenues
 
$
3,683

 
$
4,244

 
$
4,469

 
$
4,921

Operating expenses
 
(2,283
)
 
(2,650
)
 
(2,663
)
 
(2,665
)
Other expenses
 
(1,160
)
 
(1,478
)
 
(1,771
)
 
(2,174
)
Net income
 
240

 
116

 
35

 
82

Net income attributable to non-controlling interests
 
(6
)
 
(8
)
 
(3
)
 
(8
)
Net income attributable to the Company
 
$
234

 
$
108

 
$
32

 
$
74

Earnings per common share – basic and diluted
 
$
0.02

 
$
0.01

 
$
—

 
$
0.01

Weighted average shares of common stock outstanding – basic and diluted
 
9,992,941

 
9,992,941

 
10,018,331

 
10,024,875