| Summary of continuing quarterly operations |
The following is a summary of quarterly operations for 2017 and 2016:
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First Quarter |
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Second Quarter |
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Third Quarter |
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Fourth Quarter |
2017 |
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Net sales |
$ |
42,203,579 |
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$ |
51,511,045 |
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$ |
54,595,924 |
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$ |
52,837,134 |
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Gross profit |
7,403,579 |
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8,177,927 |
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4,836,620 |
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7,662,824 |
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Net income (loss) from continuing operations |
701,542 |
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829,879 |
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(1,206,752 |
) |
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1,016,693 |
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Net income from discontinued operations
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— |
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— |
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— |
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— |
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Net income (loss) |
701,542 |
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829,879 |
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(1,206,752 |
) |
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1,016,693 |
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Other comprehensive income (loss) |
— |
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366,346 |
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(366,346 |
) |
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(10,864 |
) |
Comprehensive income (loss) |
— |
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1,196,225 |
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(1,573,098 |
) |
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1,005,829 |
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Per common share |
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Basic |
0.08 |
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0.10 |
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(0.14 |
) |
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0.11 |
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Diluted |
0.08 |
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0.10 |
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(0.14 |
) |
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0.11 |
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2016 |
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Net sales from continuing operations |
$ |
36,312,012 |
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$ |
34,906,668 |
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$ |
34,297,231 |
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$ |
33,049,871 |
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Gross profit from continuing operations |
4,718,176 |
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3,997,594 |
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4,504,419 |
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3,684,290 |
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Net loss from continuing operations (1) |
(1,366,732 |
) |
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(1,583,395 |
) |
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(2,608,276 |
) |
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(1,435,564 |
) |
Loss from discontinued operations, net of tax |
— |
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(99,334 |
) |
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— |
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— |
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Net loss |
(1,366,732 |
) |
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(1,682,729 |
) |
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(2,608,276 |
) |
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(1,435,564 |
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Other comprehensive income |
— |
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— |
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— |
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— |
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Comprehensive (loss) |
(1,366,732 |
) |
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(1,682,729 |
) |
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(2,608,276 |
) |
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(1,435,564 |
) |
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Per common share from continuing operations |
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Basic |
(0.16 |
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(0.18 |
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(0.30 |
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(0.17 |
) |
Diluted |
(0.16 |
) |
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(0.18 |
) |
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(0.30 |
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(0.17 |
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Per common share from discontinued operations |
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Basic |
— |
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(0.01 |
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— |
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— |
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Diluted |
— |
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(0.01 |
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— |
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— |
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