Quarterly Financial Data - Unaudited

12 Months Ended

Dec. 31, 2015

Quarterly Financial Information Disclosure [Abstract]

NOTE T – QUARTERLY FINANCIAL DATA – UNAUDITED

The following tables present certain unaudited consolidated quarterly financial information for each of the past eight quarters ended December 31, 2015 and 2014. This quarterly information has been prepared on the same basis as the Consolidated Financial Statements and includes all adjustments necessary to state fairly the information for the periods presented.


	Fiscal Year Ended December 31, 2015
	Quarter Ending
	March 31			June 30			September 30			December 31
Revenue - net	$	115,292		$	443,543		$	1,458,653		$	3,312,763
Gross profit		(97,584	)		278,957			585,136			3,116,411
Net income (loss)		(9,714,471	)		(6,126,218	)		(4,580,255	)		2,213,781
Basic and diluted net income per share	$	(1.33	)	$	(0.85	)	$	(0.61	)	$	0.33

	Fiscal Year Ended December 31, 2014
	Quarter Ending
	March 31			June 30			September 30			December 31
Revenue - net	$	566,086		$	348,264		$	120,046		$	288,486
Gross profit		446,481			290,379			93,020			245,915
Net income (loss)		(9,798,757	)		(4,015,881	)		(7,415,124	)		(5,243,352	)
Basic and diluted net income per share	$	(1.44	)	$	(0.60	)	$	(1.08	)	$	(0.72	)