| Quarterly Financial Information |
NOTE 9. QUARTERLY FINANCIAL INFORMATION (unaudited)
The following table reflects the quarterly results of operations
for the years ended December 31, 2013 and 2012:
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| Fiscal Year 2013: |
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Quarter Ended |
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March 31, 2013 |
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June 30, 2013 |
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September 30, 2013 |
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December 31, 2013 |
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Operating revenues
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$ |
914,583 |
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$ |
949,756 |
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$ |
996,096 |
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$ |
1,177,703 |
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Operating expenses
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(538,105 |
) |
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(611,333 |
) |
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(647,480 |
) |
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(883,767 |
) |
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Other expenses
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(269,773 |
) |
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(261,229 |
) |
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(258,450 |
) |
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(272,954 |
) |
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Net income before income taxes
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106,705 |
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77,194 |
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90,166 |
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20,982 |
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Provision for income taxes
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(59,189 |
) |
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(46,838 |
) |
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(85,406 |
) |
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(1,328,297 |
) |
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Net loss
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$ |
47,516 |
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$ |
30,356 |
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$ |
4,760 |
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$ |
(1,307,315 |
) |
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Earnings (loss) per weighted average common share - basic and
diluted
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$ |
0.01 |
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$ |
0.00 |
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$ |
0.00 |
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$ |
(0.20 |
) |
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Weighted average common share outstanding - basic and diluted
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5,249,898 |
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6,530,264 |
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6,530,264 |
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6,530,264 |
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| Fiscal Year 2012: |
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Quarter Ended |
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March 31, 2012 |
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June 30, 2012 |
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September 30, 2012 |
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December 31, 2012 |
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Operating revenues
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$ |
813,475 |
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$ |
811,900 |
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$ |
848,462 |
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$ |
916,757 |
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Operating expenses
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(317,402 |
) |
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(254,924 |
) |
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(542,842 |
) |
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(373,811 |
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Other expenses
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(214,669 |
) |
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(253,487 |
) |
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(245,937 |
) |
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(286,830 |
) |
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Net income before income taxes
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281,404 |
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303,489 |
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59,683 |
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256,116 |
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Provision for income taxes
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(93,830 |
) |
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(101,193 |
) |
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(19,900 |
) |
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(85,396 |
) |
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Net income
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$ |
187,574 |
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$ |
202,296 |
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$ |
39,783 |
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$ |
170,720 |
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Earnings per weighted average common share - basic and diluted
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$ |
0.07 |
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$ |
0.07 |
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$ |
0.01 |
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$ |
0.06 |
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Weighted average common share outstanding - basic and diluted
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2,750,000 |
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2,750,000 |
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2,750,000 |
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2,750,000 |
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