XML 74 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
Consolidated Statements of Operations (USD $)
 12 Months Ended
Dec. 31, 2013
Dec. 31, 2012
Dec. 31, 2011
Income Statement [Abstract]      
REVENUES $ 11,020,829 $ 12,042,702 $ 13,118,090
COST OF REVENUES 11,061,799 11,007,802 11,443,892
GROSS PROFIT (LOSS) (40,970) 1,034,900 1,674,198
OPERATING EXPENSES:      
General and administrative 736,312 810,369 428,092
Salaries and benefits 336,000 284,483 149,671
Professional fees 224,889 258,735 204,904
TOTAL OPERATING EXPENSES 1,297,201 1,353,587 782,667
INCOME (LOSS) FROM OPERATIONS (1,338,171) (318,687) 891,531
OTHER INCOME (EXPENSE):      
Interest income 3,923 8,049 5,205
Interest expense (4,529) (2,691) 0
Bad debts (1,170) 0 0
Factoring expense (71,772) (78,100) (154,206)
TOTAL OTHER INCOME (EXPENSE) (73,548) (72,742) (149,001)
INCOME (LOSS) BEFORE INCOME TAXES (1,411,719) (391,429) 742,530
INCOME TAXES:      
Income tax (expense) - current 0 0 (9,168)
Income tax (expense) benefit - deferred (229,451) (167,107) (96,442)
TOTAL INCOME TAXES (229,451) (167,107) (105,610)
NET INCOME (LOSS) (1,641,170) (558,536) 636,920
Preferred dividends (48,649) (48,649) (48,649)
Net income (loss) available to common shareholders $ (1,689,819) $ (607,185) $ 588,271
Net income (loss) per share of common stock:      
Basic $ (0.03) $ (0.01) $ 0.01
Diluted $ (0.03) $ (0.01) $ 0.01
Weighted average shares outstanding :      
Basic 62,281,449 61,235,365 58,855,348
Diluted 62,281,449 61,235,365 59,381,175