Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.7.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Income Statement [Abstract]    
Revenues $ 2,562,657 $ 1,833,905
Operating cost and expenses:    
Cost of services 3,854,886 2,236,127
Selling, general, and administrative expenses 1,442,404 1,573,264
Research and development 87,154 168,456
Depreciation and amortization expense 1,341,792 904,230
Total operating costs and expenses 6,726,236 4,882,077
Operating loss (4,163,579) (3,048,172)
Other income (expense):    
Interest expense (1,590,458) (1,194,711)
Other income (expense) 91,752 (549,168)
Total other expense (1,498,706) (1,743,879)
Benefit (provision) for income taxes 633,260 (72,236)
Net loss $ (5,029,025) $ (4,864,287)
Basic and diluted loss per share $ (0.34) $ (0.36)
Weighted average number of common shares outstanding – basic and diluted 14,827,416 13,579,094