DATATRAK International, Inc. and Subsidiaries Condensed Consolidated Statements of Operations (Unaudited) | |||
For the Six Months Ended June 30, | |||
2010 | 2009 | ||
Revenue | $3,558,222 | $3,916,694 | |
Direct costs | 580,310 | 930,886 | |
Gross profit | 2,977,912 | 2,985,808 | |
Selling, general and administrative expenses | 3,021,914 | 3,065,806 | |
Severance expense | (182,299) | 505,009 | |
Depreciation and amortization | 100,461 | 238,038 | |
Income (loss) from operations | 37,836 | (823,045) | |
Interest income | 317 | 4,480 | |
Interest expense | (3,414) | (8,159) | |
Other | (697) | — | |
Net income (loss) | $34,042 | $(826,724) | |
Net income (loss) per share: | |||
Basic: | |||
Net income (loss) per share | $0.00 | $(0.06) | |
Weighted average shares outstanding | 13,706,901 | 13,719,028 | |
Diluted: | |||
Net income (loss) per share | $0.00 | $(0.06) | |
Weighted average shares outstanding | 13,706,901 | 13,719,028 | |