Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Information (unaudited)

v3.6.0.2
Quarterly Financial Information (unaudited)
 12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information (unaudited)
QUARTERLY FINANCIAL INFORMATION (unaudited)
The following table reflects the quarterly results of operations for the years ended December 31, 2016 and 2015:
Fiscal Year 2016:
 
Quarter Ended
 
 
March 31, 2016
 
June 30, 2016
 
September 30, 2016
 
December 31, 2016
Operating revenues
 
$
3,682,677

 
$
4,244,441

 
$
4,469,174

 
$
4,920,325

Operating expenses
 
(2,282,477
)
 
(2,650,404
)
 
(2,663,340
)
 
(2,663,809
)
Other expenses
 
(1,160,208
)
 
(1,478,177
)
 
(1,771,233
)
 
(2,173,481
)
Net income
 
239,992

 
115,860

 
34,601

 
83,035

Less net income attributable to non-controlling interests
 
(5,576
)
 
(8,047
)
 
(2,718
)
 
(9,045
)
Net income attributable to the Company
 
$
234,416

 
$
107,813

 
$
31,883

 
$
73,990

Earnings per weighted average common shares – basic and diluted
 
$
0.02

 
$
0.01

 
$
—

 
$
0.01

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

 
9,992,941

 
10,018,331

 
10,024,875

 
 
 
 
 
 
 
 
 
Fiscal Year 2015:
 
Quarter Ended
 
 
March 31, 2015
 
June 30, 2015
 
September 30, 2015
 
December 31, 2015
Operating revenues
 
$
2,625,724

 
$
2,783,853

 
$
3,083,553

 
$
3,408,331

Operating expenses
 
(1,671,211
)
 
(1,889,182
)
 
(1,915,900
)
 
(1,856,387
)
Other expenses
 
(929,939
)
 
(924,960
)
 
(961,258
)
 
(1,184,079
)
Net income (loss)
 
24,574

 
(30,289
)
 
206,395

 
367,865

Earnings (loss) per weighted average common shares – basic and diluted
 
$
0.01

 
$
—

 
$
0.02

 
$
0.04

Weighted average common shares outstanding – basic and diluted
 
7,753,717

 
8,439,855

 
9,060,314

 
9,282,280