Monday, August 15, 2016

During the Obama Administration, the 4,059 Largest US Companies With Market Caps Above $30 Mil Generated Total Audited US GAAP Earnings of $890 Bil in 2015, Up $923 Bil From the Total Losses of $33 Bil in 2008, the Year Before Obama Took Office..... The Total Earnings of US Companies Improved More During the Obama Administration Than Under Any Other US Presidency and by a Long Shot ..... This Is Why the US Stock Market Is Now at an All-Time High, Why US Job Creation Has Been Consistently Very Robust and Thus Why the US Unemployment Rate Has Declined By More Than Half Since 2009 ..... But to be Fair, 2015 Total Earnings of These 4,059 US Companies Were Down 21% From 2014, Due to the Huge Earnings Depression of the 3,082 Smaller US Companies, or 76% of All 4,059, With Market Caps of $30 Mil to $3 Bil Generating Total Losses of $42.157 Bil in 2015, Down 156% or Down $117 Bil From Their Total Earnings of $75.017 Bil in 2014 ..... On the Other Hand, the 113 Largest US Companies With Market Caps Above $40 Bil Generated Total Earnings in 2015 of $647 Bil, Down Only 0.1% From 2014 ..... Also, 2014 Total Earnings of these 3,082 Smaller US Companies Were 59% Below, or $108 Bil Below, 2013 Total Earnings as Compared With the 113 Largest US Companies Generating Total Earnings in 2014 Which Were Only Down 5% From 2013 ..... The US Fed Should See if They Can Take Steps to Reverse This Horrible Earnings Dichotomy Between the Largest and Smaller US Companies Which is Also Weighing Heavily on US Citizen Income Inequality ..... By Its Votes Clearly Favoring the Largest US Companies Over the Smaller Ones, the US Congress, Both Parties, is a Main Reason US Income Inequality Keeps Expanding So Much ..... The US Fed Should Creatively Take Steps to Counterbalance the US Congress Bias Favoring the Largest US Companies

From a review of the very fine Google Finance Website and of company financial statements in the US SEC website, I found the 4,059 largest Companies headquartered in the US with Stock Market Capitalizations now of more than $30 Mil.

As you can see in the below chart, the Total US GAAP Audited Earnings of these largest US Companies dropped massively by 105% from 2007 to 2008, which was the US financial meltdown year and also the last year of the Bush/Cheney Presidency.  Then, these Total Earnings increased by an almost unbelievable 1,220% in 2009 over 2008 and increased by an additional 118% in 2010 over 2009, thereby much more than recouping in only two years the total earnings decline resulting from the disastrous 2008 financial meltdown.

The Democrats were in control of both the US House and US Senate in both 2009 and 2010 when this miraculous earnings recovery occurred.

But on the downside, 2015 Total Earnings of these 4,059 largest US Companies were down 21% from 2014, after 2014 Total Earnings had already declined by another 10% from 2013.

While the 113 Companies with Market Caps above $40 Bil generated 2015 Total Earnings which declined by only 0.1% from 2014, the 3,082 middle-sized and smaller of these US Companies, those with Market Cap Ranges from $30 Mil to $3 Bil, generated 2015 Total Losses of $42.157 Bil which were down 156% from 2014 Total Earnings of $75.017 Bil (yeah, that's a Total Earnings Decline in only one year of $117 Bil).  And this followed a very weak 2014 where Total Earnings for these smaller 3,082 US Companies declined by another $108 Bil or by 59% below 2013 Total Earnings of $183.393 Bil (yeah, that's a Total Earnings Decline of $225 Bil in the most recent two years).

These above real US GAAP earnings numbers tell you that there is something seriously unfair with the US economy and points to why Income Inequality Expansion is such a serious problem in the US.  When Total Real Audited US GAAP Earnings drop so precipitously and across the board, CEOs drop their business investment budgets, US Real GDP Growth stagnates and many higher-paying US jobs disappear. 

Nearly all of the US House Republicans and also the Big Corporatist Democratic Wing in the US Senate, which now comprises a clear majority of US Senate Democrats, have both focused much more on the success of the very largest, most profitable US Companies than they have on the success of the middle-sized and smaller US C Corp Companies.

This Big Corporatist Democratic Wing is led by New York Senator Chuck Schumer and includes among others Virginia Senators Mark Warner and Tim Kaine, New Jersey Senators Bob Menendez and Cory Booker, Minnesota Senators Amy Klobachur and Al Franken and California Senators Dianne Feinstein and Barbara Boxer.  These US States are HQs to many very large, highly profitable Corporations that have been very effective in having their US State Senators consistently taking actions which economically benefited them, nothing more so than the PATH Act of 2015 which not only has really hurt the overall US economy and was extremely expensive, but also is the largest Income Inequality Expansion legislation passed in the last decade and will continue to expand Income Inequality for many years to come.

The horrible US Company Total Earnings of the past two and a half years, which has hurt the middle-sized and smaller US Companies much more than the largest US Companies, along with the resultant huge expansion of Income Inequality, tells you why so many Americans are very disappointed with both parties of the US Congress and have become political Independents.

It also tells you why so many Americans turned to anti-establishment US Presidential candidates Donald Trump and Bernie Sanders.

It is pretty clear that the Big US Corporations are in complete control of the US Congress on all matters related to their earnings.  

And the middle-sized and smaller companies are not even on the radar screen of the US Congress.  

The US Congress, both political parties, is responsible for the across-the-board, massive earnings depression of middle-sized and smaller US publicly-held Companies in the most recent two and a half years, as well as for the resultant huge Income Inequality Expansion.

By giving huge tax breaks to the largest, most profitable US Companies and not giving the same tax breaks to the middle-sized and smaller publicly-held US Companies because they have tax losses, the US Congress has ensured that these middle-sized and smaller US Companies will not be able to compete with the largest, most profitable US Corporations.

And also, the US Congress in the PATH ACT of 2015 gives $80 bil of tax breaks to the largest, multi-national US Banks and gives no tax breaks to middle-sized and smaller US banks.  How can smaller US banks compete with the largest US Banks who are given a second US Government bailout.....this one for $80 bil and also this one will not be repaid to US taxpayers.

Rich people call this tax policy the effective use of American exceptionalism.  I call it economic and social injustice.....pure and simple. 

As contrasted with the US Congress overwhelmingly being focused on the success of the very largest, powerful Corporations which ends up Expanding Income Inequality, they should be doing just the opposite and focusing more on improving the middle-sized and smaller US Companies which ends up Narrowing Income Inequality.

I think the single smartest initiative here is to allow, on a prospective basis, a current US Federal Income Tax Cash Benefit in the same year a Tax Loss is generated.  This would be so economically explosive to the majority of US Companies that I think it would yield US real annual GDP growth above 4% for many years.  And such a broad-based economic approach will Narrow Income Inequality significantly.  

First, below here are the total reported Audited US GAAP Earnings (Losses) From Continuing Operations of these 4,059 largest US Companies for all years where consistent earnings amounts were reported from 2007 through 2015 and the Annual Earnings Percentage Change from the prior year, with the Total Earnings amounts broken down by Company Stock Market Capitalization Range:


2015 2014 2013 2012 2011 2010 2009 2008 2007


US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP US GAAP


Audited Audited Audited Audited Audited Audited Audited Audited Audited


Net Net Net Net Net Net Net Net Net
# of Income Income Income Income Income Income Income Income Income
Company Market Cap Range Companies (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)

 $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils











Above $40 Bil 113   646,812     647,485     678,815   590,929   594,543   507,526   341,877   163,115   373,271
$30-40 Bil 37     56,327       69,062       52,892     40,872     46,630     38,726     27,332     10,971     44,619
$20-30 Bil 86     61,336       87,215       92,080     71,735     85,234     61,015     29,726     20,906     63,825
$10-20 Bil 180     67,550     110,192     107,529     87,041     90,470     75,685     34,094   (12,248)     50,945
$5-10 Bil 285     74,330     104,741     102,157     83,358     65,700     67,061     34,103   (30,363)     48,293
$3-5 Bil 276     25,994       39,502       43,012     37,251     28,626     32,726       9,488     (5,790)     21,146
$2-3 Bil 308     11,380       42,827     107,064     36,876       1,284       3,393   (75,462)   (64,054)     13,018
$1-2 Bil 522       2,088       31,939       70,086     34,277     15,124       3,397   (19,246)   (74,092)       8,331
$700 Mil-$1 Bil 236     (4,383)         8,551         8,021       4,529       4,609       4,155          159     (7,158)       3,125
$600-700 Mil 116     (1,485)            602            895          747       1,232       1,018        (405)     (1,681)            18
$500-600 Mil 117        (252)            982            385          612          503          214        (355)     (2,730)          657
$400-500 Mil 165     (4,295)           (326)         2,546       3,764       2,022       1,644            63     (1,848)     (1,647)
$300-400 Mil 208     (4,364)            163         1,026        (444)       1,396       1,870     (2,062)     (7,495)        (645)
$200-300 Mil 285   (14,363)           (531)           (254)     (2,365)     (1,072)          184     (3,891)     (6,148)     (1,738)
$100-200 Mil 450     (9,788)        (3,455)           (951)        (296)        (236)        (423)     (5,146)     (8,903)        (839)
$50-100 Mil 397     (7,687)        (2,710)        (2,305)     (1,529)        (673)        (743)     (1,904)     (3,469)          597
$30-50 Mil 278     (9,010)        (3,025)        (3,119)     (1,841)        (190)        (489)     (2,265)     (1,706)          (82)
Totals (All Above $30 Mil) 4059   890,192  1,133,214  1,259,878   985,517   935,201   796,959   366,105   (32,691)   622,895











Annual Earnings % Change vs Prior Year









Above $40 Bil 113 -0.1% -5% 15% -1% 17% 48% 110% -56%
$30-40 Bil 37 -18% 31% 29% -12% 20% 42% 149% -75%
$20-30 Bil 86 -30% -5% 28% -16% 40% 105% 42% -67%
$10-20 Bil 180 -39% 2% 24% -4% 20% 122% 378% -124%
$5-10 Bil 285 -29% 3% 23% 27% -2% 97% 212% -163%
$3-5 Bil 276 -34% -8% 15% 30% -13% 245% 264% -127%
$2-3 Bil 308 -73% -60% 190% 2772% -62% 104% -18% -592%
$1-2 Bil 522 -93% -54% 104% 127% 345% 118% 74% -989%
$700 Mil-$1 Bil 236 -151% 7% 77% -2% 11% 2518% 102% -329%
$600-700 Mil 116 -347% -33% 20% -39% 21% 351% 76% -9397%
$500-600 Mil 117 -126% 155% -37% 22% 134% 160% 87% -515%
$400-500 Mil 165 -1219% -113% -32% 86% 23% 2506% -103% -12%
$300-400 Mil 208 -2772% -84% 331% -132% -25% 191% 72% -1062%
$200-300 Mil 285 -2604% -109% 89% -121% -684% 105% 37% -254%
$100-200 Mil 450 -183% -263% -222% -25% 44% 92% 42% -961%
$50-100 Mil 397 -184% -18% -51% -127% 9% 61% 45% -681%
$30-50 Mil 278 -198% 3% -69% -870% 61% 78% -33% -1987%
Totals (All Above $30 Mil) 4059 -21% -10% 28% 5% 17% 118% 1220% -105%











2015 Total Earnings  % Above 









….. 2008 Total Earnings
2823%





….. 2007 Total Earnings
43%





























All Mkt Caps of $30 Mil to $3 Bil       3,082   (42,157)       75,017     183,393





….. Total Earnings Decline 2015 vs 2014
-156%






….. Total Earnings Decline 2014 vs 2013

-59%

















All Mkt Caps Above $3 Bil          977   932,349  1,058,197  1,076,485





….. Total Earnings Decline 2015 vs 2014
-12%






….. Total Earnings Decline 2014 vs 2013

-2%







In my most recent posts, I have shown the US GAAP Audited Earnings (Losses) for each of the 3,781 largest US Companies with stock market capitalizations of above $50 Mil.  Thus, below here are the reported Audited US GAAP Earnings (Losses) From Continuing Operations of each of the 278 US Companies with recent stock market caps of $30 Mil-$50 Mil and with Net Income above $1 mil or Net Loss higher than $1 mil for at least one year, for all years in which consistent earnings amounts were available from 2007 through 2015, with all companies presented in recent Stock Market Cap order.  Included below are two Companies I missed earlier: 




2015 2014 2013 2012 2011 2010 2009 2008 2007



Most Audited Audited Audited Audited Audited Audited Audited Audited Audited



Recent Net Net Net Net Net Net Net Net Net
City State 2015 Income Income Income Income Income Income Income Income Income
Company HQs HQs FYE (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss) (Loss)



 $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils  $ mils













Thompson Creek Metals Littleton CO Dec15        (135)        (124)        (215)        (546)          292          114          (56)          173          140
Eagle Bulk Shipping Inc Stamford CT Dec15        (148)        (115)          (71)        (103)          (15)            27            33            62            52
Orexigen Therapeutics Inc La Jolla CA Dec15          (69)          (38)          (78)          (90)          (28)          (52)          (67)          (93)          (58)
Differential Brands Group Commerce CA Nov15          (37)          (28)            (7)              6            (1)              3            25              5              2
Airgain San Diego CA Dec15            (0)              4              0            (1)




Fibrocell Science Inc Exton PA Dec15          (34)          (26)          (32)          (13)          (24)          (13)          (13)          (29)          (34)
Hutchinson Technology Inc Hutchinson MN Sep15          (39)          (40)          (35)          (49)          (56)          (59)        (169)        (107)              3
Mannatech Inc Coppell TX Dec15              6              6              3            (1)          (21)          (11)          (17)          (13)              7
Kraig Biocraft Laboratories Ann Arbor MI Dec15            (2)            (2)            (7)            (2)            (1)            (2)            (3)            (0)            (0)
Repros Therapeutics The Woodlands TX Dec15          (29)          (33)          (28)          (19)          (13)            (5)          (27)          (25)          (14)
Resonant Goleta CA Dec15          (10)          (10)            (9)    




Firsthand Technology Value Fund Inc San Jose CA Dec15          (14)            16            50          (15)          (11)



Rex Energy Corp State College PA Dec15        (399)          (48)            (2)            55            18              8          (17)          (41)          (22)
COC Energy Trust Austin TX Dec15              8            31            29            37            24



Paragon Offshore PLC Houston TX Dec15     (1,000)        (647)          360          126          105          461


First National Corp Strasburg VA Dec15              3              8            10              3          (11)            (4)              2              4              6
Turtle Beach Corp Valhalla NY Dec15          (83)          (15)            (6)            26            22            10


Unilife Corp York PA Jun15          (91)          (58)          (63)          (52)          (41)          (30)            (1)            (9)            (9)
Air T Maiden NC Mar16              4              2              1              2              1              2              4              4              3
Car Charging Group Miami Beach FL Mar16            (4)            (4)          (24)            (5)            (1)            (6)            (7)

NaturalShrimp Waco TX Mar16            (2)            (2)            (2)





You On Demand Holdings New York NY Dec15            (9)          (13)          (13)          (16)          (13)          (16)            (7)            (3)            (2)
Miramar Labs Santa Clara CA Jul15          (14)          (15)






Neonode San Jose CA Dec15            (8)          (14)          (13)            (9)          (17)          (32)          (11)            (6)          (48)
SCYNEXIS Inc Jersey City NJ Dec15          (28)            (6)          (30)          (11)          (10)



Tobira Therapeutics South San Francisco CA Dec15          (50)          (24)          (19)





Universal Technical Institute Inc Scottsdale AZ Sep15            (9)              2              4              9            27            29            12              8            16
Concurrent Computer Duluth GA Jun15            (0)            19              4            (3)            (3)            (1)          (14)              0          (12)
Emmis Communications Indianapolis IN Feb16            (0)          (96)            49            (2)            36            (9)        (119)        (270)          (13)
Sanchez Production Partners LP Houston TX Dec15        (137)            10          (26)            (9)            20        (277)            (9)              7            14
Social Reality Los Angeles CA Dec15            (3)            (4)            (2)            (1)              0



Aethlon Medical San Diego CA Mar16            (5)            (7)          (13)            (5)            (8)            (6)            (5)            (6)            (4)
ArtVentive Medical Group Carlsbad CA Dec15            (4)            (6)            (3)            (1)            (3)            (1)            (0)            (0)            (0)
Cohbar Menlo Park CA Dec15            (4)            (2)            (1)





Educational Development Corp Tulsa OK Feb16              2              1              0              1              1              1              2              2              2
FalconStor Software Melville NY Dec15            (2)            (7)          (11)          (15)          (23)          (35)            (3)              1            13
Innovative Solutions & Support Malvern PA Sep15            (6)              0              2              3              1              1              5            (8)            (9)
Manhattan Bridge Capital Great Neck NY Dec15              2              1              1              0              0              0              0            (1)            (0)
Mines Management Spokane WA Dec15            (3)            (6)            (7)            (8)            (6)          (11)            (9)          (11)            (8)
MoSys Santa Clara CA Dec15          (31)          (33)          (25)          (28)            11          (23)          (19)          (19)            (9)
Plumas Bancorp Quincy CA Dec15              6              5              3              2              1              1            (9)              0              4
Sandridge Mississippi Trust I Austin TX Dec15            35            34            64            84            53



Southwest Iowa Renewable Energy Council Bluffs IA Sep15            14            49            (5)            (1)            (3)            (9)          (13)            (4)              1
Cemtrex Farmingdale NY Sep15              3              3              0              1              1            (1)              0              0
NABUfit Global Lehi UT Jun15            (1)            (3)            (2)            (1)            (0)



National Security Group Elba AL Dec15              5              8              6            (7)            (5)              3              4            (5)              6
Orgenesis Germantown MD Nov15            (4)            (6)            (6)            (5)            (0)



Salon Media Group San Francisco CA Mar16            (2)            (4)            (2)            (4)            (4)            (3)            (5)            (5)            (3)
Aegerion Pharmaceuticals Inc Cambridge MA Dec15          (73)          (39)          (63)          (62)          (39)          (14)          (12)          (25)          (20)
ARC Group Worldwide Longmont CO Jun15            (0)              5              4              5            (1)            (1)            (1)            (2)            (1)
CASI Pharmaceuticals Rockville MD Dec15            (7)          (26)            (6)          (15)            (5)            (8)            (8)          (24)          (22)
Consumer Capital Group Pasadena CA Dec15              1            (1)            (1)            (1)            (2)              1            (0)            (0)            (0)
Hamilton Bancorp Towson MD Mar16            (0)            (0)            (1)              0              0



Harris & Harris Group New York NY Dec15          (20)          (14)            (8)          (20)            (4)            11            (0)          (49)            (7)
Misonix Farmingdale NY Jun15              5              1            (3)              0            (4)            (2)            (2)            (3)            (1)
Span America Medical Systems Greenville SC Sep15              4              3              5              5              4              5              5              5              6
Violin Memory Santa Clara CA Jan16          (99)        (109)        (150)        (109)          (45)          (17)            (9)

Capstone Turbine Chatsworth CA Mar16          (25)          (32)          (16)          (23)          (19)          (38)          (67)          (42)          (36)
Gevo Inc Englewood CO Dec15          (36)          (41)          (67)          (61)          (48)          (40)          (20)          (15)            (7)
Lincoln Educational Services West Orange NJ Dec15            (3)          (15)          (27)          (10)              2



SIFCO Industries Cleveland OH Sep15            (4)              6            10              6              7              5              8              6              9
Spark Networks Inc Los Angeles CA Dec15            (1)            (1)          (12)          (15)            (2)              4            (6)              5              9
Canterbury Park Holding Corp Shakopee MN Dec15              3              2              1              1              0            (1)              0              0              3
CAS Medical Systems Branford CT Dec15            (7)            (7)          (10)            (7)            (6)            (2)            (6)            (0)              0
Ecology & Environment Lancaster NY Jul15              4            (1)            (1)              3              8              7              7              3              3
GEE Group Naperville IL Sep15            (5)            (1)            (2)            (1)              0            (2)            (4)            (2)
Imation Oakdale MN Dec15        (194)        (112)          (24)        (325)          (35)        (158)          (44)          (38)          (56)
Marathon Patent Group Los Angeles CA Dec15          (17)            (2)            (4)            (6)            (0)    


OHA Investment Corp New York NY Dec15          (31)          (22)              4            17          (20)            10            (9)          (13)            28
Petro River Oil New York NY Apr16          (12)            (6)            (2)            (9)




Red Trail Energy Richardton ND Sep15              9            31              1            (5)              4              9              0            (5)              6
Tearlab San Diego CA Dec15          (33)          (24)          (29)          (19)            (9)            (7)            (4)          (11)          (36)
Adcare Health Systems Inc Roswell GA Dec15          (18)          (38)          (11)          (13)            (6)            (2)              0            (1)            (1)
American Housing Income Trust Phoenix AZ Dec15            (3)            (1)            (2)            (2)            (0)            (1)


AMREP Princeton NJ Apr16          (10)            (4)            (3)            (3)            (1)            (8)            (9)          (43)            14
Brainstorm Cell Therapeutics Hackensack NJ Dec15            (8)            (9)            (5)            (3)            (4)            (2)            (2)            (3)            (6)
Consumers Bancorp Minerva OH Jun15              3              3              3              3              2              2              2              2              1
Intersections Inc Chantilly VA Dec15          (44)          (30)              2            20            19            15              1          (25)              5
Lightwave Logic Longmont CO Dec15            (5)            (4)            (4)            (5)            (3)            (4)            (3)            (4)            (4)
Xenetic Biosciences Inc Lexington MA Dec15          (13)          (14)            (9)            (6)




A. M. Castle & Co Oak Brook IL Dec15        (210)        (119)          (40)          (10)              8            (6)          (27)          (17)            52
AmBase Corp Greenwich CT Dec15            (5)            14            (6)          146            (2)            (2)            (2)            (4)            (4)
Atlanticus Holdings Corp Atlanta GA Dec15              2              7          (18)          (28)            16        (106)        (547)        (136)
Eca Marcellus Trust I Austin TX Dec15              5            18            29            36            42            21


Eos Petro Inc Los Angeles CA Dec15          (35)          (79)          (27)            (2)            (2)



Famous Dave's of America Minnetonka MN Dec15              1              2              4              4              5              7              6              0              6
Flanigans Enterprises Fort Lauderdale FL Sep15              5              5              3              2              2              2              2              1              1
Good Times Restaurants Golden CO Sep15            (0)            (0)            (1)            (1)            (1)            (3)            (2)            (1)              0
GSE Systems Sykesville MD Dec15            (5)            (7)          (11)              1              3            (2)            (1)            (1)              1
Highlands Bankshares Inc Abingdon VA Dec15              1              3              1              2            (7)            (2)            (6)              0              5
Highlands REIT Oak Brook IL Dec15            14            13        (248)            (5)




Oxbridge Re Holdings Ltd Tampa FL Dec15              5              4              1





TheStreet New York NY Dec15            (2)            (4)            (4)          (13)            (8)            (5)          (48)              1            30
Cloud Security Newport Beach CA Feb16            (1)            (0)            (1)            (0)




Conatus Pharmaceuticals San Diego CA Dec15          (24)          (22)          (16)            (9)          (12)



Global Self Storage New York NY Dec15              6              6              1              4            (1)              6              8            (5)              3
Interleukin Genetics Waltham MA Dec15            (8)            (6)            (7)            (5)            (5)            (6)            (9)            (7)            (5)
Magellan Petroleum Denver CO Jun15          (43)          (10)          (20)            26          (32)            (1)              1            (9)              0
Melrose Bancorp Inc Melrose MA Dec15              1            (0)              1              1




Sevcon Southborough MA Sep15              2              1            (1)              1              1              1            (1)              1              1
Strategic Environmental & Energy Resources Golden CO Dec15            (3)            (1)            (2)            (2)            (2)



Summer Infant Woonsocket RI Dec15            (9)            (0)            (3)          (66)              4              7              6              4              3
Wilhelmina Dallas TX Dec15              2              1              3              1              2              1            (3)            (1)              0
Zedge New York NY Jul15              2            (0)






1347 Property Insurance Holdings Tampa FL Dec15            (2)              4            (1)            (0)




CymaBay Therapeutics Newark CA Dec15          (16)          (32)          (10)          (11)            (4)



Female Health Co Chicago IL Sep15              4              2            14            15              5              7              7              5              2
GWG Holdings Minneapolis MN Dec15            (7)            (6)            (0)            (1)            (3)            (0)            (5)

inTEST Mt Laurel NJ Dec15              2              3              3              2            10              7            (5)            (9)            (7)
Orion Energy Systems Manitowoc WI Mar16          (20)          (32)            (6)          (10)              0              0            (3)              1              4
Vical San Diego CA Dec15            (9)          (16)          (31)          (23)            (7)          (30)          (29)          (37)          (36)
Willamette Valley Vineyards Turner OR Dec15              2              2              1              1              1              0              1              1              2
Aviat Networks Santa Clara CA Jun15          (25)          (52)          (13)          (16)          (56)        (108)        (348)          (12)          (22)
Cancer Genetics Rutherford NJ Dec15          (20)          (17)          (12)            (7)          (20)            (8)            (7)            (3)            (2)
CreditRiskMonitor Valley Cottage NY Dec15              0              0              0              1              1              1              2              0              0
Cytori Therapeutics San Diego CA Dec15          (19)          (37)          (26)          (32)          (32)          (27)          (23)          (30)          (29)
HCSB Financial Loris SC Dec15            (0)            (0)              2          (10)          (29)          (17)            (1)              2              2
IsoRay Richland WA Jun15            (4)            (6)            (4)            (3)            (3)            (4)            (6)            (9)          (10)
Palatin Technologies Cranbury NJ Jun15          (18)          (14)          (21)          (17)          (13)            (2)            (5)          (14)          (28)
PhaseRx Seattle WA Dec15            (7)            (7)






Portsmouth Square Los Angeles CA Jun15            (2)            (7)              2              2              3            (3)            (2)            (3)
Santa Fe Financial Los Angeles CA Jun15            (3)            (7)              1              1              5            (4)            (2)            (4)
Synergy CHC Westbrook ME Dec15            (8)            (1)            (0)





Trans World Corp New York NY Dec15              4              3              2              2              3              2              2              4              3
Blue Dolphin Energy Company Houston TX Dec15              4            16            (4)          (14)              1            (1)            (0)            (2)            (4)
Bonanza Creek Energy Inc Denver CO Dec15        (746)            17            70            47            13                
Broadway Financial Los Angeles CA Dec15              9              3            (0)              1          (10)              2            (6)              2              1
Commercial Bancshares Upper Sandusky OH Dec15              3              3              3              3              3              2              1              1            (0)
Emisphere Technologies Cedar Knolls NJ Dec15          (40)          (25)          (21)            (2)            15          (57)          (17)          (24)          (17)
Finjan Holdings East Palo Alto CA Dec15          (13)            (9)            (6)            51            24



Friedman Industries Humble TX Mar16              0              0              2              6              8              8              1            14              4
Hemispherx BioPharma Philadelphia PA Dec15          (15)          (17)          (16)          (17)            (9)          (13)            (7)          (12)          (18)
Highwater Ethanol Lamberton MN Oct15              5            22              5            (4)              5            (1)            (1)            (1)
Ireland Henderson NV Dec15            (0)          (20)            (6)            (4)            (4)            (5)            (3)            (4)            (2)
Matinas BioPharma Holdings Bedminster NJ Dec15            (9)          (10)            (4)            (0)            (0)



OpGen Gaithersburg MD Dec15          (17)            (6)          (10)            (9)




Quantum Materials San Marcos TX Jun15            (2)            (5)            (5)            (1)            (4)            (4)            (2)

Rave Restaurant Group The Colony TX Jun15            (2)            (1)            (1)              0              1              1              1              3              1
Reven Housing REIT La Jolla CA Dec15            (2)            (1)            (1)            (1)




Southwest Georgia Financial Moultrie GA Dec15              3              3              3              2              1              2              2            (1)              2
Surrey Bancorp Mount Airy NC Dec15              3              3              3              3              2              1              2              2              3
Symbid Corp New York NY Dec15            (2)            (3)            (1)            (1)




TOMI Environmental Solutions Beverly Hills CA Dec15          (12)              0            (6)            (2)            (1)            (2)            14          (23)            (0)
Zhone Technologies Oakland CA Dec15            (2)            (4)              4            (9)          (12)            (5)          (10)          (93)          (12)
Aemetis Cupertino CA Dec15          (27)              7          (24)            (4)          (18)            (9)          (11)          (16)            (5)
Aeolus Pharmaceuticals Mission Viejo CA Sep15            (3)            (0)            (3)              2              0          (26)            (2)            (3)            (3)
Aftermaster Hollywood CA Jun15          (12)            (5)            (4)            (7)            (9)            (5)            (7)            (6)
Caladrius Biosciences Basking Ridge NJ Dec15          (81)          (55)          (39)          (36)          (35)          (26)          (24)            (9)          (10)
First Priority Financial Malvern PA Dec15              2              7              0              1              0            (0)            (1)            (3)            (2)
General Moly Lakewood CO Dec15          (16)          (11)          (16)          (10)          (15)          (17)          (10)          (14)          (38)
George Risk Industries Kimball NE Apr16              3              3              3              3              3              2              2              1              2
New Ulm Telecom New Ulm MN Dec15              3              3              3              3              2              2              2              3              5
Paramount Gold Nevada Corp Winnemucca NV Jun15            (5)            (5)            (9)            (5)




Perfumania Holdings Bellport NY Jan16          (12)              3          (12)          (56)              4            (4)          (16)          (87)              6
ProPhase Labs Doylestown PA Dec15            (4)            (8)              0            (1)            (3)            (4)            (4)            (6)            (2)
RegeneRx Biopharmaceuticals Rockville MD Dec15            (5)            (3)            (1)            (1)            (6)            (5)            (6)          (11)          (11)
Riverview Financial Harrisburg PA Dec15            (0)              3              1              2




SharpSpring Gainesville FL Dec15            (8)            (1)              1              1              1              0              0              0
Vertex Energy Inc Houston TX Dec15          (23)            (6)              8              4              6              1            (1)            (0)
Wayne Savings Bancshares Wooster OH Dec15              2              3              2              2              2              2              2              2              2
Westell Technologies Aurora IL Mar16          (16)          (59)              4          (43)            (1)            55            (2)          (17)          (78)
Full House Resorts Las Vegas NV Dec15            (1)          (21)            (4)            30            13            17              6              2              1
Georgetown Bancorp Georgetown MA Dec15              2              1              1              1              1              1              1              0
Inuvo Little Rock AR Dec15              2              2            (0)            (7)            (9)            (5)            (7)          (65)    
Izea Inc Winter Park FL Dec15          (11)              3            (3)            (5)            (4)            (2)


Nanoflex Power Corp Scottsdale AZ Dec15          (27)            (6)          (39)          (21)    



National Holdings  New York NY Sep15              0            19              2            (2)            (5)            (7)            (6)          (21)              1
Net Element North Miami Beach FL Dec15          (13)          (10)          (48)          (13)          (25)



Quest Resource Holding Corp Frisco TX Dec15            (7)          (10)          (18)          (42)            (2)



Alamogordo Financial Alamogordo NM Dec15              0            (1)            (0)            (3)            (1)



C&J Energy Services Ltd Houston TX Dec15        (873)            69            66          182          162            32            (2)              1            (1)
Cannabis Sativa Mesquite NV Dec15            (7)          (14)          (33)





Halcon Resources Corp Houston TX Dec15     (1,923)          316     (1,223)          (54)            (1)              2          (58)        (130)            (1)
Living 3D Holdings New York NY Dec15              2            (1)            (1)            (1)            (0)



Mexus Gold Carson City NJ Mar16            (2)            (1)            (5)            (3)            (2)            (2)            (1)            (0)
Ominto Boca Raton FL Sep15          (12)            (7)              1          (12)            (4)            (5)              2            (1)
Polonia Bancorp Huntingdon Valley PA Dec15            (0)              0            (0)            (0)              0              3


SPYR Inc Scarsdale NY Dec15            (7)              2            (1)              0            (0)            (1)              0            (1)            (1)
ZAIS Group Holdings Red Bank NJ Dec15          (24)            74            49          181




Cerecor Baltimore MD Dec15          (10)            (4)          (13)          (10)            (3)



Cordia Bancorp Midlothian VA Dec15              1            (0)              1            (1)            (7)            (0)


Envirostar Miami FL Jun15              2              2              2              1              1              0              1              1
Genco Shipping & Trading Ltd New York NY Dec15        (254)        (310)        (157)        (158)            25          147          149            87          107
Intelligent Systems Norcross GA Dec15            (1)            (2)              0            (0)              1              0            (1)            (3)            (3)
MassRoots Inc Denver CO Dec15            (8)            (2)            (1)





Mitcham Industries Huntsville TX Jan16          (39)            (9)              5            17            24              5              1              9            11
New Peoples Bankshares Honaker VA Dec15              3              0              1            (6)            (9)            (9)            (4)              5              3
Nuverra Environmental Solutions Scottsdale AZ Dec15        (195)        (457)        (134)            (6)            (0)          (10)            (3)              5              1
Ottawa Savings Bancorp Ottawa IL Dec15              1              1              1              1            (1)            (1)              0              0              2
PharmaCyte Biotech Silver Spring MD Apr16            (6)          (10)          (27)            (2)            (2)            (1)            (6)            (7)            (4)
Reign Sapphire Beverly Hills CA Dec15            (3)            (0)            (0)

       

RMG Networks Holding Addison TX Dec15          (10)          (41)          (16)              3




Solitario Exploration & Royalty Wheat Ridge CO Dec15            (3)            (2)            (2)            (4)            (7)            (5)            (2)            (0)            (4)
Village Bank and Trust Financial Midlothian VA Dec15              1            (1)            (4)          (10)          (12)              1          (13)              0              1
Air Industries Group Hauppauge NY Dec15            (1)              1              4              3              2            (3)


Arabella Exploration Fort Worth TX Dec15          (32)            (5)              0              0              0



Coffee Holding Co. Staten Island NY Oct15            (1)              5            (1)              3              0              2              3            (3)              1
ContraVir Pharmaceuticals Edison NJ Jun15          (14)            (5)            (0)





Diversified Restaurant Holdings Southfield MI Dec15          (16)            (1)              0              0              2              0              0            (0)            (0)
Eco-Stim Energy Solutions Houston TX Dec15          (13)            (7)            (4)            (2)




ENGlobal Houston TX Dec15            11              6            (2)          (30)            (4)          (12)              1            18            12
HK Battery Technology Walnut Creek CA Dec15            (3)            (1)            (1)            (2)            (2)            (1)            (1)            (0)
International Isotopes Idaho Falls ID Dec15            (2)            (2)            (2)            (2)            (6)            (7)            (5)            (2)            (2)
Luna Innovations Roanoke VA Dec15            (6)            (3)            (4)            (2)            (3)            (4)          (22)            (6)            (8)
Manhattan Scientifics New York NY Dec15              8            (4)            (2)            (2)            (2)            (0)            (0)            (2)            (3)
Mastech Holdings Moon Township PA Dec15              3              3              3              2              1              1              1              4              5
Westmoreland Resource Partners LP Columbus OH Dec15          (34)          (29)          (24)          (26)            (8)            (1)            29              0
American Electric Technologies Houston TX Dec15            (3)            (2)              5              2            (6)            (2)              1              2              1
Astrotech Austin TX Jun15          (10)            (6)            (1)            (3)            (6)            (0)              5          (36)          (16)
Bang Holdings North Miami Beach FL Dec15            (2)            (1)






Bon-Ton Stores York PA Jan16          (57)            (7)            (4)          (22)          (12)            21            (4)        (170)            12
CSP Inc Billerica MA Sep15            (0)              1              0              7              0              1            (4)            (0)              4
Dover Downs Gaming&Entertainment Dover DE Dec15              2            (1)              0              5              5              7            11            20            26
Electromed New Prague MN Jun15              1            (1)            (1)              0              1              1              1

Empire Resources Fort Lee NJ Dec15              3              4              2              4              5              9            (1)

ImmuCell Portland ME Dec15              1            (0)              0              0            (0)            (0)            (0)            (0)              1
JRjr33 Dallas TX Dec15          (19)          (24)          (10)            (4)            (1)            (0)            (0)

Live Ventures Las Vegas NV Sep15          (15)            (5)            (6)            (2)            (5)            (9)          (14)            (1)              2
Nevada Gold & Casinos Las Vegas NV Apr16              1              2              0              0            (6)            (0)            (5)            (4)            23
Petroshare Centennial CO Dec15            (2)            (3)            (1)            (1)




Reed's Inc Los Angeles CA Dec15            (4)            (1)            (2)            (1)            (1)            (1)            (3)            (4)            (6)
TransAtlantic Petroleum Ltd Addison TX Dec15          (27)            29          (13)            (6)          (78)          (30)          (40)          (16)            (6)
Uwharrie Capital Albemarle NC Dec15              2              2              1              0              1              1              1              2              3
Q BioMed New York NY Nov15            (1)              0






Zoom Telephonics Boston MA Dec15            (1)              0            (1)            (1)            (1)              0            (3)            (4)
Alliqua Biomedical Yardley PA Dec15          (26)          (25)          (22)            (5)          (14)            (3)            (1)    
Alphatec Holdings Carlsbad CA Dec15        (179)          (13)          (82)          (15)          (22)          (14)          (14)          (30)          (20)
Arno Therapeutics Flemington NJ Dec15          (12)              8              0          (14)            (8)            (4)            (7)          (13)            (3)
Basic Energy Services Inc Fort Worth TX Dec15        (242)            (8)          (36)            20            46          (44)        (254)            68            88
Citizens First Bowling Green KY Dec15              4              3              2              3              3              3            (2)            (6)              1
Daxor New York NY Dec15            (9)            (1)            (8)              1            (7)              5              6            15            11
Foundation Healthcare Oklahoma City OK Dec15              6              2          (22)              4            (6)          (19)            (5)              1              0
Jewett Cameron Trading Co Ltd North Plains OR Aug15              2              2              3              3              1              2              2              3              2
OncoSec Medical San Diego CA Jul15          (21)          (12)            (7)            (2)            (4)            (0)


OptimizesRx Rochester MI Dec15            (1)            (1)              0            (0)            (2)            (2)            (5)            (4)            (0)
Otelco Oneonta AL Dec15              7              5            (0)        (127)              2              1            (3)              0              0
Petroquest Energy Lafayette LA Dec15        (295)            31            14        (132)            11            47          (90)          (97)            41
Quadrant 4 System Schaumburg IL Dec15            (1)            (1)            (4)            (6)            (0)            (2)


Real Estate Contacts Parrish FL Dec15            (1)            (6)            (5)            (1)            (0)            (1)            (0)

STG Group Reston VA Dec15              4            (0)              5





Telkonet Waukesha WI Dec15            (0)              0            (4)              0            (2)            (2)            (5)          (16)          (23)
DigitalTown Bellevue WA Feb16            (1)            (3)            (3)            (1)            (4)            (1)            (1)            (3)            (3)
Nephros River Edge NJ Dec15            (3)            (7)            (3)            (3)            (2)            (2)            (2)            (6)          (26)
Cleveland BioLabs Buffalo NY Dec15          (13)              0          (20)          (22)            (5)          (27)          (13)          (14)          (27)
FORM Holdings New York NY Dec15          (11)        (109)          (42)          (18)            (7)          (10)            (6)            (7)            (5)
Fuel Tech Warrenville IL Dec15          (12)          (18)              5              3              6              2            (2)              3              7
HomeTown Bankshares Roanoke VA Dec15              4              3              3              5              2            (4)              0            (2)
Ignite Restaurant Group Inc Houston TX Dec15          (25)          (22)              8              9            12            10              9            (5)            (4)
Income Opportunity Realty Investors Dallas TX Dec15              1              2              6              2              1              2              1              6            (0)
IntriCon Corporation Arden Hills MN Dec15              2              3            (2)              2            (0)              1            (2)              1              2
LM Funding America Tampa FL Dec15              2              3              2





MGC Diagnostics St. Paul MN Oct15              4            (1)              1            (1)              1              0            (1)            (0)    
MobileSmith Raleigh NC Dec15            (8)            (7)          (27)            (5)            (4)            (4)          (10)          (10)            (6)
NXT-ID Melbourne FL Dec15          (13)            (7)            (2)            (0)




P&F Industries Melville NY Dec15              4              2              3              5              2              0            (8)            (4)          (17)
Reserve Petroleum Oklahoma City OK Dec15            (2)              7              6              5              5              5              2            10              8
Smith Micro Software Aliso Viejo CA Dec15            (3)          (12)          (28)          (25)        (160)            12              5            (1)              3
Summer Energy Holdings Houston TX Dec15              1            (4)            (2)            (2)            (0)



Texas South Energy Houston TX Oct15            (1)            (2)            (4)            (0)




US Global Investors San Antonio TX Jun15            (4)            (1)            (0)              2              8              5            (2)            11            14
Voltari New York NY Dec15            (5)            (6)          (24)          (35)




Western Capital Resources Council Bluffs IA Dec15              4              2              2              2              1              1              1              1            (1)
Zoned Properties Scottsdale AZ Dec15            (1)            (6)            (1)





Siebert Financial New York NY Dec15            (3)            (7)            (6)            (0)            (5)            (3)            (1)            (2)              2
Asure Software Austin TX Dec15            (2)            (0)            (2)            (3)            (1)            (1)          (10)          (13)            12
Continental Materials Chicago IL Dec15              1            (5)            (1)              3            (2)            (0)            (1)              2            (1)
EACO Corp Anaheim CA Aug15              4              5              3              2              2            (1)            (3)            (1)            (3)
Equitable Financial Grand Island NE Jun15              1              1






Evoke Pharma Solano Beach CA Dec15          (12)          (13)            (3)            (2)            (2)



LightPath Technologies Orlando FL Jun15            (1)            (0)              0            (1)            (2)            (1)            (4)            (5)            (3)
Marinus Pharmaceuticals Radnor PA Dec15          (25)          (11)            (5)            (1)




Mount Tam Biotechnologies Novato CA Dec15            (2)            (0)






OmniComm Systems Fort Lauderdale FL Dec15              3            (4)            (3)            (8)            (4)            (3)            (8)          (11)            (5)
Protea Biosciences Group Morgantown WV Dec15          (10)          (11)          (11)          (10)          (11)          (10)


Royal Hawaiian Orchards LP Hilo HI Dec15            (2)            (6)            (4)            (0)              1            (1)              0              0            (4)
Digital Ally Lenexa KS Dec15          (12)            (9)            (2)            (2)            (4)            (7)            (1)              3              5
Insignia Systems Minneapolis MN Dec15              2              0              1            (2)            51              7              4            (2)              2
Command Security Herndon VA Mar16            (3)              1              1              0              0              2              2              1              2













Grand Total all 278


    (9,010)     (3,025)     (3,119)     (1,841)        (190)        (489)     (2,265)     (1,706)          (82)
Annual Earnings % Change vs Prior Year

-198% 3% -69% -870% 61% 78% -33% -1987%

Next up are the many US Companies with stock market caps below $30 Mil.  This one will take a while for me to get a good handle on the relevant ones to include.  There are some US Companies in this smallest group which unfortunately experienced massive losses in the most recent year 2015.