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Quarterly Financial Information (Unaudited)
 12 Months Ended
Dec. 31, 2016
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 2016 and 2015:
 
 
First
Quarter
 
Second
Quarter
 
Third
Quarter
 
Fourth
Quarter
 
Total
 
 
 
 
 
 
 
 
 
 
 
2016:
 
 
 
 
 
 
 
 
 
 
Net revenues
 
$
7,737,532

 
$
7,414,835

 
$
8,791,753

 
$
9,081,440

 
$
33,025,560

Operating income (loss)
 
(500,583
)
 
(105,309
)
 
130,132

 
(957,371
)
 
(1,433,131
)
Net income (loss) attributable to common shareholders
 
(253,111
)
 
(48,044
)
 
106,166

 
(749,694
)
 
(944,683
)
Earnings (loss) per share attributable to common shareholders (1)
 
 
 
 
 
 
 
 
 
 
Basic
 
$
(0.02
)
 
$
—

 
$
0.01

 
$
(0.05
)
 
$
(0.06
)
Diluted
 
$
(0.02
)
 
$
—

 
$
0.01

 
$
(0.05
)
 
$
(0.06
)
 
 
 
 
 
 
 
 
 
 
 
2015:
 
 
 
 
 
 
 
 
 
 
Net revenues
 
$
8,686,774

 
$
8,909,741

 
$
7,885,048

 
$
8,037,488

 
$
33,519,051

Operating income
 
4,116

 
673,931

 
270,884

 
162,679

 
1,111,610

Net income attributable to common shareholders
 
46,281

 
407,398

 
126,613

 
151,059

 
731,351

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

 
$
0.02

 
$
0.01

 
$
0.01

 
$
0.04

Diluted
 
$
—

 
$
0.02

 
$
0.01

 
$
0.01

 
$
0.04

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