| Quarterly Financial Information |
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):
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Fiscal Year 2017: |
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Quarter Ended |
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March 31, 2017 |
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June 30, 2017 |
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September 30, 2017 |
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December 31, 2017 |
Operating revenues |
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$ |
5,750 |
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$ |
5,996 |
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$ |
6,564 |
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$ |
6,812 |
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Operating expenses |
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(3,146 |
) |
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(3,090 |
) |
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(3,645 |
) |
|
(3,865 |
) |
Other expenses |
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(2,431 |
) |
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(2,651 |
) |
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(3,166 |
) |
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(3,162 |
) |
Net income (loss) |
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173 |
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|
255 |
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(247 |
) |
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(215 |
) |
Net (income) loss attributable to non-controlling interests |
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(21 |
) |
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(28 |
) |
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26 |
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26 |
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Net income (loss) attributable to the Company |
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$ |
152 |
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$ |
227 |
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$ |
(221 |
) |
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$ |
(189 |
) |
Earnings (loss) per common share – basic and diluted |
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$ |
0.01 |
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$ |
0.02 |
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$ |
(0.02 |
) |
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$ |
(0.01 |
) |
Weighted average shares of common stock outstanding – basic and diluted |
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10,395,736 |
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11,850,624 |
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12,271,925 |
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13,666,560 |
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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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$ |
3,683 |
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$ |
4,244 |
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$ |
4,469 |
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$ |
4,921 |
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Operating expenses |
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(2,283 |
) |
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(2,650 |
) |
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(2,663 |
) |
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(2,665 |
) |
Other expenses |
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(1,160 |
) |
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(1,478 |
) |
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(1,771 |
) |
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(2,174 |
) |
Net income |
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240 |
|
|
116 |
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|
35 |
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|
82 |
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Net income attributable to non-controlling interests |
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(6 |
) |
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(8 |
) |
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(3 |
) |
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(8 |
) |
Net income attributable to the Company |
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$ |
234 |
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$ |
108 |
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$ |
32 |
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$ |
74 |
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Earnings per common share – 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 shares of common stock 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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