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Quarterly Financial Information (Unaudited)
12 Months Ended
Dec. 31, 2014
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information (Unaudited)
Quarterly Financial Information (Unaudited)
The following table sets forth the unaudited operating results for each fiscal quarter of 2014 and 2013:
 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Total
 
 
 
 
 
 
 
 
 
 
 
2014:
 
 
 
 
 
 
 
 
 
 
Net revenues
 
$
8,093,244

 
$
9,750,168

 
$
9,729,047

 
$
9,329,412

 
$
36,901,871

Operating income
 
408,051

 
1,215,609

 
989,038

 
946,138

 
3,558,836

Net income attributable to common shareholders
 
286,320

 
722,570

 
745,920

 
668,913

 
2,423,723

Earnings per share attributable to common shareholders (1)
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.02

 
$
0.04

 
$
0.04

 
$
0.04

 
$
0.14

Diluted
 
$
0.02

 
$
0.04

 
$
0.04

 
$
0.04

 
$
0.14

 
 
 
 
 
 
 
 
 
 
 
2013:
 
 
 
 
 
 
 
 
 
 
Net revenues
 
$
10,258,132

 
$
7,081,088

 
$
6,528,575

 
$
8,159,667

 
$
32,027,462

Operating income (loss)
 
1,326,051

 
(1,140,544
)
 
(1,514,768
)
 
(2,472,077
)
 
(3,801,338
)
Net income (loss) attributable to common shareholders
 
854,709

 
(639,018
)
 
(819,942
)
 
(1,500,363
)
 
(2,104,614
)
Earnings (loss) per share attributable to common shareholders (1)
 
 
 
 
 
 
 
 
 
 
Basic
 
$
0.05

 
$
(0.03
)
 
$
(0.04
)
 
$
(0.08
)
 
$
(0.11
)
Diluted
 
$
0.05

 
$
(0.03
)
 
$
(0.04
)
 
$
(0.08
)
 
$
(0.11
)
(1)
Due to the nature of interim earnings per share calculations, the sum of the quarterly earnings per share amounts may not equal the reported earnings per share for the full year.