Quarterly Financial Data - Unaudited

12 Months Ended

Dec. 31, 2014

Quarterly Financial Information Disclosure [Abstract]

NOTE S – QUARTERLY FINANCIAL DATA – UNAUDITED

The following tables present certain unaudited consolidated quarterly financial information for each of the past eight quarters ended December 31, 2014 and 2013. 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, 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 (loss) per share	$	(0.12	)	$	(0.05	)	$	(0.09	)	$	(0.06	)

	Fiscal Year Ended December 31, 2013
	Quarter Ending
	March 31			June 30			September 30			December 31
Revenue – net	$	863,072		$	253,745		$	5,554,460		$	17,242,672
Gross profit		717,371			158,661			5,384,887			16,958,243
Net income (loss)		(9,665,379	)		(10,895,976	)		(931,393	)		10,751,476
Basic and diluted net income (loss) per share	$	(0.12	)	$	(0.14	)	$	(0.01	)	$	0.13

- Definition

The entire disclosure for the quarterly financial data in the annual financial statements. The disclosure may include a tabular presentation of financial information for each fiscal quarter for the current and previous year, including revenues, gross profit, income or loss before extraordinary items and earnings per share data. It also includes an indication if the information in the note is unaudited, comments on the aggregate effect of year-end adjustments, and an explanation of matters or transactions that affect comparability or are pertinent to an understanding of the information furnished.

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