Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations

v3.6.0.2
Condensed Consolidated Statements of Operations - USD ($)
$ in Thousands
 3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Net revenues:        
Rentals $ 16,242 $ 15,382 $ 32,730 $ 30,348
Product Sales 1,881 1,554 3,687 3,140
Net revenues 18,123 16,936 36,417 33,488
Cost of revenues:        
Cost of revenues - Product, service and supply costs 4,789 3,656 8,295 6,671
Cost of revenues - Pump depreciation and disposals 2,191 1,660 4,422 3,281
Gross profit 11,143 11,620 23,700 23,536
Selling, general and administrative expenses:        
Provision for doubtful accounts 1,067 1,143 2,814 2,337
Amortization of intangibles 922 713 1,834 1,344
Selling and marketing 2,324 2,687 5,139 5,424
General and administrative 6,392 5,994 13,061 11,969
Total selling, general and administrative 10,705 10,537 22,848 21,074
Operating income 438 1,083 852 2,462
Other income (expense):        
Interest expense (327) (387) (632) (1,059)
Loss on extinguishment of long term debt       (1,599)
Other income 7   27 19
Total other expense (320) (387) (605) (2,639)
Income (loss) before income taxes 118 696 247 (177)
Income tax benefit (loss) 35 (54) (53) 299
Net income $ 153 $ 642 $ 194 $ 122
Net income per share:        
Basic $ 0.01 $ 0.03 $ 0.01 $ 0.01
Diluted $ 0.01 $ 0.03 $ 0.01 $ 0.01
Weighted average shares outstanding:        
Basic 22,620,386 22,381,487 22,584,462 22,345,309
Diluted 23,109,870 22,824,965 23,069,900 22,743,948