XML 15 R4.htm IDEA: XBRL DOCUMENT v3.4.0.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Revenues    
Gross Sales $ 18,685,086 $ 10,712,016
Less sales returns, discounts, & allowances (290,524) (36,046)
Total Revenues 18,394,562 10,675,970
Cost of goods sold    
Cost of goods sold 14,576,548 8,281,365
Total costs of goods sold 14,576,548 8,281,365
Gross profit 3,818,014 2,394,605
Operating expenses    
General and administrative 894,257 856,600
Salary and employee benefits 3,126,401 1,518,900
Depreciation and amortization 495,587 25,496
Professional fees 229,455 88,480
Total operating expenses 4,745,700 2,489,476
Loss from operations (927,686) $ (94,871)
Other income (expenses):    
Gain on Foreign Currency $ 340,512
Other Taxes $ 113
Interest expense $ (915,389) (395,272)
Other expenses $ (166) (392)
Other income 68,340
Total other income (expenses) $ (575,044) (327,211)
Net Loss Before Income Taxes $ (1,502,729) $ (422,082)
Benefit for Income Taxes    
Deferred
Current
Total Benefit for Income Taxes
Net Loss $ (1,502,729) $ (422,082)
Other Comprehensive Loss on Foreign Currency Adjustments 427,551
Comprehensive Loss from Operations $ (1,930,280) $ (422,082)
Net (loss) per share - basic $ (0.05) $ (0.01)
Net (loss) per share - diluted $ (0.05) $ (0.01)
Weighted average number of common shares outstanding - basic 36,947,978 35,029,495
Weighted average number of common shares outstanding - diluted 36,947,978 39,971,337