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v3.5.0.2

Condensed Consolidated Statements of Operations (Unaudited) - USD ($) | 3 Months Ended | 6 Months Ended
--- | --- | ---
Jun. 30, 2016 | Jun. 30, 2015 | Jun. 30, 2016 | Jun. 30, 2015
Revenues: |  |  |  |
Rental income | $ 7,658,273 | $ 5,396,700 | $ 15,909,341 | $ 10,740,383
Fee and other income | 148,001 | 195,192 | 328,950 | 223,709
Total revenues | 7,806,274 | 5,591,892 | 16,238,291 | 10,964,092
Costs and expenses: |  |  |  |
Rental operating costs | 2,585,013 | 1,910,903 | 5,058,364 | 3,840,094
General and administrative | 1,232,319 | 1,063,167 | 2,462,730 | 2,152,162
Depreciation and amortization | 2,499,630 | 1,814,786 | 5,159,161 | 3,676,332
Total costs and expenses | 6,316,962 | 4,788,856 | 12,680,255 | 9,668,588
Other income (expense): |  |  |  |
Interest expense-Series B preferred stock | (1,610,517) | (817,162) | (3,102,727) | (1,764,591)
Interest expense-mortgage notes | (1,890,682) | (1,458,860) | (3,761,516) | (2,891,023)
Interest and other income | 46,593 | 21,153 | 68,332 | 35,757
Gain on sale of real estate | 1,213,060 | 1,116,258 | 1,388,545 | 1,194,754
Income tax expense | (76,152) | (75,945) | (144,700) | (141,752)
Total other expense, net | (2,317,698) | (1,214,556) | (5,552,066) | (3,566,855)
Loss from continuing operations | (828,386) | (411,520) | (1,994,030) | (2,271,351)
Gain on the sale of real estate |  | 4,730,398 |  | 4,730,398
Loss from discontinued operations, net |  | (161,679) |  | (131,375)
Income from discontinued operations |  | 4,568,719 |  | 4,599,023
Net (loss) income | (828,386) | 4,157,199 | (1,994,030) | 2,327,672
Less: Income attributable to noncontrolling interests | (83,039) | (1,186,012) | (21,356) | (1,318,526)
Net (loss) income attributable to NetREIT, Inc. common stockholders | $ (911,425) | $ 2,971,187 | $ (2,015,386) | $ 1,009,146
Basic and diluted income (loss) per common share |  |  |  |
Continuing operations | $ (0.05) | $ (0.02) | $ (0.12) | $ (0.13)
Discontinued operations |  | 0.27 |  | 0.27
(Loss) income per common share | $ (0.05) | $ 0.18 | $ (0.12) | $ 0.06
Weighted average number of common shares outstanding - basic and diluted | 17,269,324 | 16,968,976 | 17,253,143 | 16,932,306

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