Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF OPERATIONS

v3.8.0.1
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
12 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Revenues:    
Software product, net $ 5,275,266 $ 4,707,546
Service, net 29,576,762 29,414,424
Total revenues, net 34,852,028 34,121,970
Cost of revenues:    
Product 2,599,876 2,485,141
Service 18,386,712 18,909,587
Total cost of revenues 20,986,588 21,394,728
Gross profit 13,865,440 12,727,242
Operating expenses:    
Selling and marketing expenses 4,849,996 4,358,234
General and administrative expenses 7,354,201 6,374,210
Share-based compensation 101,688 42,795
Depreciation and amortization 620,297 684,660
Total operating expenses 12,926,182 11,459,899
Income from operations 939,258 1,267,343
Other (expense) income:    
Interest expense, net (31,696) (64,678)
Other income 0 10,000
Total other (expense) income (31,696) (54,678)
Income before income taxes 907,562 1,212,665
Income tax (provision) benefit (1,394,031) 2,223,734
Net (loss) income $ (486,469) $ 3,436,399
Basic and diluted net (loss) income per common share    
Basic (in Dollars per share) $ (0.11) $ 0.78
Diluted (in Dollars per share) $ (0.11) $ 0.77
Weighted average shares outstanding:    
Basic (in Shares) 4,489,013 4,414,743
Diluted (in Shares) 4,489,013 4,473,403