XML 19 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
Consolidated Statements of Operations (Unaudited) - USD ($)
 3 Months Ended 9 Months Ended
Sep. 30, 2016
Sep. 30, 2015
Sep. 30, 2016
Sep. 30, 2015
Income Statement [Abstract]        
REVENUES $ 2,846,699 $ 3,505,452 $ 9,166,628 $ 9,853,127
COST OF REVENUES 2,888,660 (3,273,324) 8,811,663 (9,632,616)
GROSS PROFIT (LOSS) (41,961) 232,128 354,965 220,511
OPERATING EXPENSES:        
General and administrative 309,832 353,285 850,255 920,128
Professional fees 29,004 45,947 252,469 188,319
Hillgrove advance - earned credit (Note 9) (32,813) (43,388) (109,392) (101,527)
Gain on liability adjustment (Note 3) (914,967)
Gain on sale of assets (5,200)
TOTAL OPERATING EXPENSES 306,023 355,844 993,332 86,753
INCOME (LOSS) FROM OPERATIONS (347,984) (123,716) (638,367) 133,758
OTHER INCOME (EXPENSE):        
Interest income 19 2,059 1,421 6,535
Interest expense (28,343) (57,203)
Factoring expense (9,259) (14,233) (24,694) (33,917)
TOTAL OTHER INCOME (EXPENSE) (37,583) (12,174) (80,476) (27,382)
INCOME (LOSS) BEFORE INCOME TAXES (385,567) (135,890) (718,843) 106,376
Provision for income tax (Note 12) (411,490) (423,490)
NET INCOME (LOSS) $ (797,057) $ (135,890) $ (1,142,333) $ 106,376
Preferred dividends $ (12,162) $ (12,162) $ (36,487) $ (36,487)
Net income (loss) available to common stockholders $ (809,219) $ (148,052) $ (1,178,820) $ 69,889
Net income (loss) per share of common stock:        
Basic $ (0.01)   $ (0.02)  
Diluted $ (0.01)   $ (0.02)  
Weighted average shares outstanding:        
Basic 66,866,278 66,248,887 66,687,981 66,170,495
Diluted 66,866,278 66,248,887 66,687,981 66,333,689