Quarterly Results of Operations (Unaudited) |
Quarterly Results of Operations (Unaudited) | | | | | | | | | | | | | | | | | | Quarter Ended | | March 31, 2016 | | June 30, 2016 | | September 30, 2016 | | December 31, 2016 | Revenues | $ | 2,020,521 |
| | $ | 1,491,276 |
| | $ | 1,134,795 |
| | $ | 423,625 |
| Gross profit/(loss) (1) | 552,171 |
| | 136,636 |
| | 273,870 |
| | (580,694 | ) | Loss from operations | (3,829,658 | ) | | (2,268,327 | ) | | (1,667,446 | ) | | (2,447,913 | ) | Net profit (loss) | (4,051,395 | ) | | (2,854,784 | ) | | (2,193,201 | ) | | (3,865,324 | ) | Net profit (loss) available to common shareholders | (4,051,395 | ) | | (2,854,784 | ) | | (2,193,201 | ) | | (3,865,324 | ) | Basic earnings per common share | (0.02 | ) | | (0.02 | ) | | (0.01 | ) | | (0.02 | ) | Diluted earnings per common share | (0.02 | ) | | (0.02 | ) | | (0.01 | ) | | (0.02 | ) | | | | | | | | | | Quarter Ended | | March 31, 2015 | | June 30, 2015 | | September 30, 2015 | | December 31, 2015 | Revenues | $ | 6,037,417 |
| | $ | 5,488,291 |
| | $ | 4,345,073 |
| | $ | 2,622,069 |
| Gross profit/(loss) (1) | 2,119,479 |
| | 2,207,193 |
| | 852,213 |
| | 2,318,960 |
| Loss from operations | (1,673,168 | ) | | (1,178,995 | ) | | (3,969,659 | ) | | (5,603,691 | ) | Net loss | 1,289,114 |
| | (1,509,446 | ) | | (4,307,358 | ) | | (5,926,737 | ) | Net loss available to common shareholders | 390,282 |
| | (2,474,610 | ) | | (7,952,246 | ) | | (5,870,298 | ) | Basic earnings per common share | 0.01 |
| | (0.03 | ) | | (0.07 | ) | | (0.05 | ) | Diluted earnings per common share | 0.01 |
| | (0.03 | ) | | (0.07 | ) | | (0.05 | ) | | | | | | | | |
(1) Total revenues less costs applicable to mining revenue and real estate operating costs.
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