CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)
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12 Months Ended | ||
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Dec. 31, 2013
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Dec. 31, 2012
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Dec. 31, 2011
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CONSOLIDATED STATEMENTS OF OPERATIONS | |||
Revenue | $ 134,534,540 | $ 196,317,215 | $ 151,028,582 |
Cost and expenses | |||
Cost of services | 107,675,356 | 135,279,937 | 104,022,944 |
Selling, general and administrative | 9,593,068 | 8,755,270 | 9,626,679 |
Depreciation and amortization expense | 24,644,190 | 25,502,597 | 19,214,069 |
Total cost and expenses | 141,912,614 | 169,537,804 | 132,863,692 |
Income (loss) from operations | (7,378,074) | 26,779,411 | 18,164,890 |
Interest expense | 1,091,476 | 1,222,454 | 784,425 |
Income (loss) before income taxes | (8,469,550) | 25,556,957 | 17,380,465 |
Income tax expense (benefit): | |||
Current | 1,155,204 | 9,525,543 | 4,077,297 |
Deferred | (3,308,713) | 359,535 | 2,469,953 |
Income tax expense (benefit): | (2,153,509) | 9,885,078 | 6,547,250 |
Net income (loss) | $ (6,316,041) | $ 15,671,879 | $ 10,833,215 |
Net income (loss) per common share: | |||
Basic (in dollars per share) | $ (0.29) | $ 0.73 | $ 0.51 |
Diluted (in dollars per share) | $ (0.29) | $ 0.72 | $ 0.50 |
Weighted average number of shares outstanding: | |||
Basic (in shares) | 21,841,582 | 21,513,638 | 21,215,800 |
Diluted (in shares) | 21,841,582 | 21,898,376 | 21,548,401 |
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Total costs related to services rendered by an entity during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Total costs of sales and operating expenses for the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of current income tax expense (benefit) pertaining to taxable income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of deferred income tax expense (benefit) pertaining to income (loss) from continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The current period expense charged against earnings on long-lived, physical assets not used in production, and which are not intended for resale, to allocate or recognize the cost of such assets over their useful lives; or to record the reduction in book value of an intangible asset over the benefit period of such asset; or to reflect consumption during the period of an asset that is not used in production. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Sum of operating profit and nonoperating income or expense before Income or Loss from equity method investments, income taxes, extraordinary items, and noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Amount of the cost of borrowed funds accounted for as interest expense. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Net income after adjustments for dividends on preferred stock (declared in the period) and/or cumulative preferred stock (accumulated for the period). Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The net result for the period of deducting operating expenses from operating revenues. No definition available.
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Aggregate revenue during the period from services rendered in the normal course of business, after deducting allowances and discounts. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The aggregate total costs related to selling a firm's product and services, as well as all other general and administrative expenses. Direct selling expenses (for example, credit, warranty, and advertising) are expenses that can be directly linked to the sale of specific products. Indirect selling expenses are expenses that cannot be directly linked to the sale of specific products, for example telephone expenses, Internet, and postal charges. General and administrative expenses include salaries of non-sales personnel, rent, utilities, communication, etc. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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