Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.10.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Sep. 30, 2018
Sep. 30, 2017
Sep. 30, 2018
Sep. 30, 2017
Income Statement [Abstract]        
Revenues $ 40,486,645 $ 50,199,821 $ 85,024,114 $ 94,316,618
Cost of revenues 35,769,757 44,733,002 74,797,873 83,796,628
Gross profit 4,716,888 5,466,819 10,226,241 10,519,990
Operating expenses        
General and administrative 4,683,666 4,808,355 8,952,466 9,586,559
Provision for (recoveries of) doubtful accounts, net 4,523 (120,106) 28,683 (117,618)
Total operating expenses 4,688,189 4,688,249 8,981,149 9,468,941
Operating income 28,699 778,570 1,245,092 1,051,049
Other expenses        
Interest expense 123,807 130,480 291,379 222,408
Income (loss) before income taxes and equity loss in minority investment of unconsolidated affiliate (95,108) 648,090 953,713 828,641
Equity loss in minority investment of unconsolidated affiliate (29,700) (54,900)
Income (loss) before income taxes (95,108) 618,390 953,713 773,741
Provision for income taxes 91,000 276,000 410,000 360,000
Net income (loss) $ (186,108) $ 342,390 $ 543,713 $ 413,741
Income (loss) per share of common stock        
Basic $ (0.02) $ 0.03 $ 0.05 $ 0.04
Diluted $ (0.02) $ 0.03 $ 0.05 $ 0.04
Weighted average number of common shares outstanding        
Basic 10,227,204 9,864,133 10,214,142 9,855,172
Diluted 10,227,204 10,496,588 10,351,886 10,449,746