Monday, August 22, 2016

US Fed Chair Janet Yellen Was Wise to Not Raise Interest Rates Recently: She Knows That Unlike the Largest US Companies, the Smaller US Publicly-Held Companies Have Experienced an Earnings Depression in the Most Recent 2 1/2 Years ..... The 291 US Companies With Market Caps From $15 Mil to $30 Mil Generated Total US GAAP Audited Losses of $14.3 Bil in 2015, 4 1/2 Times Such Losses in 2014 of $3.2 Bil ..... And the 3,373 US Companies With Market Caps From $15 Mil to $3 Bil Generated Total US GAAP Audited Losses of $56.5 Bil in 2015, 179% or $128.3 Bil Below Such Total Earnings of $71.8 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 3,373 Smaller US Companies Were 60% Below, or $108 Bil Below, Such 2013 Total Earnings as Compared With the 113 Largest US Companies Generating Total Earnings in 2014 Which Were Down Only 5% From 2013 .....

From a review of the very fine Google Finance Website and of company financial statements in the US SEC website, I found the 4,350 largest Companies headquartered in the US with Stock Market Capitalizations now of more than $15 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 1,199% 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 4,350 largest US Companies were down 22.5% 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 3,373 middle-sized and smaller of these US Companies, those with Market Cap Ranges from $15 Mil to $3 Bil, generated 2015 Total Losses of $56.478 Bil which were down 179% from 2014 Total Earnings of $71.847 Bil (yeah, that's a Total Earnings Decline in only one year of $128 Bil).  And this followed a very weak 2014 where Total Earnings for these smaller 3,373 US Companies declined by another $108 Bil or by 60% below 2013 Total Earnings of $180.279 Bil (yeah, that's a Total Earnings Decline of $236 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 4,350 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)
$15-30 Mil 291   (14,321)        (3,170)        (3,114)     (3,708)            91        (763)     (1,305)        (494)        (342)
Totals (All Above $15 Mil) 4350   875,871  1,130,044  1,256,764   981,809   935,292   796,196   364,800   (33,185)   622,552











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%
$15-30 Mil 291 -352% -2% 16% -4179% 112% 42% -164% -44%
Totals (All Above $15 Mil) 4350 -22.5% -10% 28% 5% 17% 118% 1199% -105%











2015 Total Earnings  % Above 









….. 2008 Total Earnings
2739%





….. 2007 Total Earnings
41%





























All Mkt Caps of $15 Mil to $3 Bil       3,373   (56,478)       71,847     180,279





….. Total Earnings Decline 2015 vs 2014
-179%






….. Total Earnings Decline 2014 vs 2013

-60%

















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 4,059 largest US Companies with stock market capitalizations of above $30 Mil.  Thus, below here are the reported Audited US GAAP Earnings (Losses) From Continuing Operations of each of the 291 US Companies with recent stock market caps of $15 Mil-$30 Mil, with Net Income above $1 mil or with Net Loss higher than $1 mil for at least one year, and which have reported their fiscal year 2015 financial statements with the SEC, for all years in which consistent earnings amounts were available from 2007 through 2015, with all companies presented in recent Stock Market Cap order:




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












MEC El Dorado Hills CA Dec15            (5)            (1)              0              0




BioHiTech Global Chestnut Ridge NY Dec15            (5)            (4)              0





Global Future City Holding Irvine CA Dec15            (1)              0              2            (1)            (1)            (1)            (3)            (3)            (2)
Global Tech Industries Group New York NY Dec15            (0)            (0)            (0)            (6)            (2)          (27)          (61)            (4)            (6)
ITUS Corp Los Angeles CA Oct15            (1)          (10)          (10)            (4)            (7)            (5)          (16)            (6)            (5)
Wells Financial Wells MN Dec15              5              1              1              2              2              2


CryoPort Irvine CA Mar16          (10)            (7)          (20)            (6)            (8)            (6)            (6)          (17)            (5)
Cannabis Science Irvine CA Dec15          (19)          (17)            (6)          (16)            (8)            (8)            (5)              5          (15)
EF Hutton America New York NY Dec15            (1)            (0)              0





Bay Banks of Virginia Kilmarnock VA Dec15              0              2              1              1              0              0            (0)              2              2
Carbon Natural Gas Denver CO Dec15            (9)              7              4          (17)          (18)              4            (0)            (1)
Celsion Lawrenceville NJ Dec15          (22)          (25)            (8)          (27)          (23)          (19)          (15)          (12)          (14)
Chicago Rivet & Machine Naperville IL Dec15              2              2              2              2              1              1            (1)            (1)              1
Dynaresource Irving TX Dec15          (10)            (7)            (4)            (4)            (6)            (5)            (3)            (6)            (3)
Glen Burnie Bancorp Glen Burnie MD Dec15              1              2              3              3              3              2              1              0              3
Harvest Natural Resources Houston TX Dec15        (181)        (358)          (72)            16          (16)            24              4          (21)            60
Innovus Pharmaceuticals San Diego CA Dec15            (4)            (5)            (4)            (0)            (2)            (0)


Onvia Seattle WA Dec15            (0)            (1)            (3)              2              2            (1)            (1)            (3)              0
Opexa Therapeutics The Woodlands TX Dec15          (12)          (15)          (17)            (9)            (6)            (5)            (1)          (12)          (15)
QS Energy Santa Barbara CA Dec15            (4)            (4)          (11)          (13)          (11)            (9)            (6)            (6)            (6)
T Bancshares Dallas TX Dec15              3              3              4              2            (1)            (0)            (4)            (0)              1
UQM Technologies Longmont VA Mar16            (7)            (6)            (3)          (11)            (5)            (2)            (4)            (4)            (5)
Exeo Entertainment Las Vegas NV Nov15            (1)            (1)            (1)            (1)            (0)



AntriaBio Louisville CO Jun15          (11)          (10)            (7)            (1)            (0)



Cogentix Medical Minnetonka MN Mar16            (8)            (5)            (3)            (4)            (5)          (11)          (12)            (7)            (9)
Cryo Cell Intl Oldsmar FL Nov15              8              1              0            (6)            (2)              3              1            (1)            (5)
Data I/O Corp Redmond WA Dec15              1              1            (3)            (6)              1              3            (1)              5              1
Enservco Denver CO Dec15            (1)              4              4              0            (2)            (2)            (6)

Fennec Pharmaceuticals Research Triangle Park NC Dec15            (1)            (2)              2            (5)              5            (8)            (3)          (14)          (13)
Fusion Telecommunications New York NY Dec15            (8)            (3)            (5)            (5)            (4)            (6)            (8)            (9)            (8)
Implant Sciences Wakefield MA Jun15          (22)          (21)          (27)          (15)          (16)          (15)          (14)            (8)            (5)
Joint Corp Scottsdale AZ Dec15            (9)            (3)              0            (1)




MagneGas Corp Tarpan Springs FL Dec15            (9)            (7)            (6)            (7)            (3)            (1)            (1)            (0)
MusclePharm Denver CO Dec15          (52)          (14)          (18)          (19)          (23)          (20)            (2)

Oncobiologics Cranbury NJ Sep15          (49)          (14)






Pulmatrix Lexington MA Dec15          (26)          (24)






Sonic Foundry Madison WI Sep15            (5)            (3)            (1)              0            (0)            (0)            (3)            (8)            (6)
Stellar Biotechnologies Port Hueneme CA Sep15            (3)            (8)          (14)            (6)




Streamline Health Solutions Atlanta GA Jan16            (4)          (12)          (12)            (5)              0            (3)              1            (1)            (1)
VPR Brands LP San Jose CA Dec15            (0)            (5)              0





West End Indiana Bancshares Richmond IN Dec15              2              1              1              1              1              0


Xenith Bankshares Richmond VA Dec15            95            10              6          (22)          (97)        (210)        (201)              7              7
Xplore Technologies Austin TX Mar16            (0)              0            (2)              0            (1)            (6)            (6)          (11)            (7)
CTD Holdings Alachua FL Dec15            (3)            (1)              0              0            (0)            (0)            (0)            (0)
Arca Biopharma Westminster CO Dec15          (11)          (10)            (7)            (4)            (5)            (8)            (9)          (19)          (12)
Servotronics Elma NY Dec15              5            (3)              1              2              3              2              2              3              2
Lixte Biotechnology Holdings East Setauket NY Dec15            (3)            (3)            (1)            (4)            (2)            (1)            (2)            (1)            (2)
5BARz Intl San Diego CA Dec15          (10)          (10)            (2)            (2)            (1)            (0)


Accelerize Newport Beach CA Dec15            (6)            (3)            (0)              0            (1)            (1)            (2)            (5)            (3)
Acre Realty Investors New York NY Dec15            (2)            (3)            (2)            (6)          (12)            (8)          (17)            (6)            (4)
Amazing Energy Oil & Gas Amarillo TX Jul15          (15)            (0)






Apollo Medical Holdings Glendale CA Mar16            (8)            (1)            (5)            (9)            (1)            (0)            (0)            (1)            (0)
Birner Dental Management Services Denver CO Dec15            (1)            (1)              0              1              2              2              2              2              2
Broadvision Redwood City CA Dec15          (11)            (9)            (5)            (5)            (5)            (3)              4          (15)            17
Cadus Tarrytown NY Dec15            (1)            (1)            (0)            (1)            (1)            (0)            (0)            (1)            (0)
Centrus Energy Bethesda MD Dec15        (187)        (129)        (184)     (1,202)        (492)              8            59            49            97
Curaegis Technologies Rochester NY Dec15            (3)            (3)            (3)            (3)            (3)            (3)            (3)            (2)            (3)
Diego Pellicer Worldwide Seattle WA Dec15          (16)            (5)






Grow Condos Eagle Point OR Jun15            (0)          (11)              1            (1)            (6)            (0)            (0)            (1)            (1)
Gulfslope Energy Houston TX Sep15            (4)            (5)          (17)            (2)            (0)



Immune Pharmaceuticals New York NY Dec15          (17)          (24)            (6)          (13)          (16)          (16)          (39)          (25)          (29)
Inception Mining Murray UT Dec15          (10)            (2)            (0)            (0)            (3)            (1)            (0)

Neuralstem Germantown MD Dec15          (21)          (23)          (20)          (10)          (13)          (18)          (10)          (12)            (6)
Oragenics Tampa FL Dec15          (12)            (6)          (16)          (13)            (8)            (8)            (6)            (6)            (2)
Prime Meridian Holding Tallahassee FL Dec15              2              1              1              1              1



Research Solutions Encino CA Jun15            (1)            (1)              0            (7)            (5)            (0)            (1)            (0)            (0)
Vertical Computer Systems Richardson TX Dec15            (2)            (1)            (3)            (2)            (0)            (0)              3              0            (2)
Wireless Telcom Group Paramus NJ Dec15              0              2              4              3              2              1              5            (0)              3
ZAP Santa Rosa CA Dec15          (20)          (24)          (22)          (31)          (45)          (19)          (11)          (10)          (28)
Windtree Therapeutics Warrington PA Dec15          (55)          (44)          (45)          (37)          (21)          (19)          (30)          (39)          (40)
Vistagen Therapeutics South San Francisco CA Mar16          (47)          (14)            (3)          (13)          (12)            (9)          (22)          (16)            (5)
AeroGrow Intl Boulder CO Mar16            (1)            (0)            (2)            (8)            (4)            (8)            (6)          (10)          (10)
BioLife Solutions Bothell WA Dec15            (5)            (3)            (1)            (2)            (2)            (2)            (3)            (3)            (3)
BioSig Technologies Minneapolis MN Dec15            (9)            (8)          (10)            (2)            (1)            (0)


Cyalume Technologies Holdings West Springfield MA Dec15              3            (8)          (16)          (50)              0              3          (34)              4              0
First Choice Healthcare Solutions Melbourne FL Dec15            (3)            (2)            (5)            (1)            (7)              0              0

FlexShopper Boca Raton FL Dec15            (9)            (4)            (1)              0              0            (0)            (2)            (1)            (1)
NuGene Intl Irvine CA Dec15            (5)            (0)              0





Ocean Power Technologies Pennington NJ Apr16          (13)          (13)          (11)          (15)          (15)          (20)          (19)          (18)          (15)
OncoGenex Pharmaceuticals Bothell WA Dec15          (17)          (26)          (32)          (21)          (15)          (13)            (5)            (4)            (9)
Peabody Energy Corp St Louis MO Dec15     (1,814)        (749)        (286)        (471)       1,013          825          443          905          436
SBT Bancorp Simsbury CT Dec15              1              1              1              2              1              1              1            (1)              1
Sigma Tron Intl Elk Grove Village IL Apr16              2              1              3              0              1              2              2              2            (6)
SMG Indium Resources Ltd New York NY Dec15            (0)              5              1            (4)            (5)            (0)


Tokai Pharmaceuticals Boston MA Dec15          (45)          (23)          (16)          (10)




T-Rex Oil Broomfield CO Mar16          (16)          (11)            (0)    




Vasomedical Westbury NY Dec15              4              1            (1)            (3)            (4)            (2)            (2)            (1)
6D Global Technologies New York NY Dec15          (17)              0            (1)            


EnSync Menomonee Falls WI Jun15          (13)          (10)          (12)          (14)            (8)          (10)            (6)            (5)
Hercules Offshore Houston TX Dec15        (626)        (216)          (27)        (121)          (55)        (126)          (56)        (998)          131
JPX Global Brighton MI Dec15            (2)          (26)            (5)            (0)            (0)



MB Bancorp Forest Hill MD Dec15            (1)            (1)            (1)            (0)




Meridian Waste Solutions Milton GA Dec15          (19)            (3)              1





Modsys Intl Ltd Seattle WA Dec15            (6)            (4)            (3)          (10)          (31)          (36)          (15)          (19)            (1)
Nanophase Technologies Romeoville IL Dec15            (1)            (2)            (2)            (2)            (3)            (4)            (5)            (6)            (4)
Odyssey Marine Exploration Tampa FL Dec15          (21)          (29)          (15)          (18)          (16)          (23)          (19)          (25)          (24)
Qumu Corp Minneapolis MN Dec15          (29)          (22)          (16)          (54)            (4)              8              8              9            16
Star Mountain Resources Littleton CO Dec15            (7)            (4)            (3)            (1)            (0)



UMED Holdings Fort Worth TX Dec15            (4)            (4)            (1)            (1)            (2)



Viking Therapeutics San Diego CA Dec15          (23)          (22)            (0)            (0)




WVS Financial Pittsburgh PA Jun15              1              1              1              1              1              0              3              4              4
Ocean Bio-Chem Fort Lauderdale FL Dec15              0              2              1              2              2              2              1              0              1
Onconova Therapeutics Newtown PA Dec15          (24)          (64)          (63)          (30)          (26)



AEHR Test Systems Fremont CA May16            (7)            (7)              0            (3)            (3)            (3)            (0)          (30)            11
Alkaline Water Company Scottsdale AZ Mar16            (8)            (7)            (4)            (0)




Alphatec Holdings Carlsbad CA Dec15        (179)          (13)          (82)          (15)          (22)          (14)          (14)          (30)          (20)
Altisource Asset Management Atlanta GA Dec15          (49)          249            34            (0)




Biodel Danbury CT Sep15          (19)          (14)          (19)          (21)          (11)          (38)          (43)          (43)          (23)
Biomerica Irvine CA May15            (0)            (0)              1              1              0            (0)              0              2
Cyclacel Pharmaceuticals Berkeley Heights NJ Dec15          (14)          (19)          (10)          (14)          (15)          (16)          (20)          (40)          (24)
Flurida Group El Paso TX Dec15              2              1              0              0              0              0              0            (0)            (0)
Genius Brands Intl Beverly Hills CA Dec15            (3)            (4)            (7)            (2)            (1)            (1)


Identiv Fremont CA Dec15          (39)          (18)          (25)          (30)            (8)          (10)          (15)          (10)            (3)
Monaker Group Weston FL Feb16            (5)            (3)          (18)            (4)          (14)          (23)          (12)            (3)            (3)
Searchlight Minerals Henderson NV Dec15          (27)          (19)            (4)            (5)            (3)            (2)            (4)            (3)            (2)
United States Antimony Thompson Falls MT Dec15            (1)            (2)            (2)            (1)              1              1            (0)              0            (1)
Spanish Broadcasting System Miami FL Dec15          (27)          (20)          (89)            (1)            24            15          (14)        (329)              1
Ben Franklin Financial Arlington Heights IL Dec15            (1)            (1)            (1)            (2)            (1)



Cachet Financial Solutions Minneapolis MN Dec15          (18)          (16)          (14)          (13)




Command Center Lakewood CO Dec15              2              9              3              2              1            (2)            (6)          (18)          (26)
Echelon Santa Clara CA Dec15          (13)          (16)          (15)          (13)          (13)          (31)          (32)          (26)          (16)
Elephant Talk Communications New York NY Dec15            (5)          (22)          (22)          (23)          (25)          (92)          (17)          (16)          (12)
Energy Services of America Huntington WV Sep15              2              4              2          (41)            (5)              6            (6)              3              1
Fitlife Brands Omaha NE Dec15            (1)              2              1              3              0            (3)          (11)            (7)            (4)
Geospatial Sarver PA Dec15            (1)            (3)            (3)            (1)            (2)



Gordmans Stores Omaha NE Jan 16            (4)            (3)              8            24            25            16            16              2              2
Heat Biologics Durham NC Dec15          (21)          (12)            (7)            (2)            (2)            (1)


Ikonics Duluth MN Dec15              0              1              1              1              0              1            (0)              1              1
Immune Therapeutics Orlando FL Dec15          (17)          (50)        (106)        (175)            (0)



Inn Suites Hospitality Trust Phoenix AZ Jan16            (2)            (2)            (1)            (1)            (1)            (3)            (2)            (1)              1
Lombard Medical Irvine CA Dec15          (38)          (35)          (19)          (13)          (16)



Mobivity Holdings Chandler AZ Dec15            (6)          (10)          (17)            (7)          (16)            (1)            (1)

Monster Digital Simi Valley CA Dec15            (9)          (11)            (3)





Sajan River Falls WI Dec15              0              0              0            (1)              0            (3)            (3)          (15)          (20)
SPAR Group White Plains NY Dec15              2              4              4              3              2              2              1            (0)            (2)
Trident Brands Brookfield WI Nov15            (3)            (1)            (0)





WRAPmail Fort Lauderdale FL Dec15            (4)            (0)            (1)





Franklin Wireless San Diego CA Jun15              1            (1)            (0)            (1)              4              5              4              4              1
Lighting Science Group West Warwick RI Dec15          (27)          (66)          (90)        (111)          (90)        (295)          (48)          (95)            (5)
Auxilio Mission Viejo CA Dec15              1              1              1            (2)            (3)            (2)            (0)            (0)            (0)
Bellerophon Therapeutics  Warren NJ Dec15          (46)          (60)          (62)          (46)




Bimini Capital Management Vero Beach  FL Dec15            59            30            (3)            (2)            (3)            (2)            48            (6)          (90)
Capstone Companies Deerfield Beach FL Dec15              1            (0)              1            (1)              1            (1)            (1)            (1)            (1)
CCA Industries Ridgefield NJ Nov15            (3)            (3)            (4)              0              0            (2)              3              1              6
Charles & Colvard Ltd Morrisville NC Dec15          (10)          (13)            (1)              4              2              2            (3)            (6)            (0)
CKX Lands Lake Charles LA Dec15              0              1              1              2              1              1              1              2              3
Crown Equity Holdings Las Vegas NV Dec15            (1)            (0)            (0)            (1)            (2)              0              0            (0)            (3)
CYANOTECH Kailua-Kona HI Mar16            (5)            (0)            (0)              4              4              2              1            (1)            (7)
Determine Inc San Mateo CA Mar16          (14)          (14)            (8)            (5)            (6)            (1)            (5)            (8)          (24)
Endonovo Therapeutics Woodland Hills CA Dec15            (5)            (1)            (3)            (2)              0              0


Helios and Matheson Analytics New York NY Dec15            (2)            (0)              0              0              0            (1)            (2)            (3)            (1)
Micropac Industries Garland TX Nov15              1              1              1              0              2              3              1              2
MIX 1 LIFE Scottsdale AZ Aug15          (18)            (2)            (0)





Precision Aerospace Components Bensalem PA Dec15            (1)            (1)            (4)              1            (2)              0              0            (4)              1
Provision Holding Chatsworth CA Jun15            (1)            (1)            (2)            (2)            (4)            (5)            (2)            (5)            (2)
Quaint Oak Bancorp Southampton PA Dec15              1              1              1              1              1              1              0              1              0
Rhino Resource Partners LP Lexington KY Dec15          (56)          (81)              9            40            37            41            19              1            31
Superior Drilling Products Vernal UT Dec15          (14)            (1)              4              3              2



TOR Minerals Intl Corpus Christi TX Dec15            (6)            (1)            (2)              5              4              2            (0)            (5)              0
e.Digital San Diego CA Mar16            (1)            (0)              0            (1)              1            (1)              3            (2)            (3)
Neurotrope Newark NJ Dec15            (9)            (9)            (8)            (1)




Telos Corp Ashburn CA Dec15          (14)          (11)            (1)              9              4              4              2            13              7
Equus Total Return Inc Houston TX Dec15              1            (1)              0            (5)            (5)          (13)          (28)          (20)            12
BioPharmX Menlo Park CA Jan16          (16)            (8)            (2)            (0)




AmpliPhi Biosciences San Diego CA Dec15            (1)            23          (58)            (4)




Central Federal Corp Worthington OH Dec15              4              0            (1)            (4)            (5)            (7)          (10)              1            (0)
Dextera Surgical Redwood City CA Jun15          (19)          (17)          (16)          (14)            (4)          (11)          (17)          (18)          (14)
Evolutionary Genomics Castle Rock CO Dec15            (0)            (1)        




Medizone Intl Sausalito CA Dec15            (2)            (2)            (1)            (3)            (2)            (3)            (1)            (1)            (1)
Nova Lifestyle Commerce CA Dec15              2              9              5              5              5              4


PASSUR Aerospace Greenwich CT Oct15              0              0              0              3              3              0              0              1              0
Payment Data Systems San Antonio TX Dec15              1              4            (1)              1              0            (0)            (1)            (1)            (2)
Special Diversified Opportunities Wilmington DE Dec15            (1)            (1)            (2)            (2)            (2)            (2)            (2)

Sunshine Financial Tallahasee FL Dec15            (0)              0              0            (1)            (0)              0            (1)

usell.com New York NY Dec15            (3)            (7)            (4)            (9)            (4)          (17)            (4)            (3)
Viatar CTC Solutions Lowell MA Dec15            (4)            (4)            (1)





Emerson Radio Hackensack NJ Mar16            (1)              2              1              6            11            16            11            (4)            (9)
Rand Capital Corp Buffalo NY Dec15              2              5              3              2              1            (0)            (1)              0              3
CTI Industries Barrington IL Dec15              1              0              0              0              0              2              1              1              0
RF Industries Ltd San Diego CA Oct15              1              1              5              3              1              1              1              2              1
Znergy Tampa FL Dec15            (6)            (0)            (0)





Acura Pharmaceuticals Palatin IL Dec15            (5)          (13)          (14)          (10)            10          (13)          (16)            14            (4)
Applied Minerals New York NY Dec15          (10)          (10)          (13)          (10)            (7)            (5)            (7)            (6)            (5)
Apricus Biosciences San Diego CA Dec15          (19)          (22)          (16)          (26)          (18)          (30)          (32)            (5)            (9)
Champions Oncology Baltimore MD Apr16          (10)          (13)            (7)            (6)            (9)            (4)            (3)            (2)            (0)
Clean Coal Technologies New York NY Dec15          (80)            (8)            (6)            (9)            (3)          (15)          (14)          (99)          (39)
Lantronix Irvine CA Jun15            (3)            (1)            (3)            (4)            (5)            (2)            (1)            (3)            (2)
MRI Interventions Irvine CA Dec15            (8)            (5)            (7)            (6)            (8)            (9)            (7)            (5)            (4)
Pernix Group Lombard IL Dec15          (18)              3            (3)            10              3            (4)              5            (5)            (3)
Powin Tualatin OR Dec15            (6)            (6)            (6)            (4)            (0)              1              1              1
Soligenix Princeton NJ Dec15            (8)            (7)          (10)            (4)            (2)            (7)            (6)            (3)            (6)
Sypris Solutions Louisville KY Dec15          (27)            (1)          (10)            10              8          (10)            (5)        (130)            (2)
Tautachrome Oro Valley AZ Dec15            (1)            (0)          (27)            (0)            (1)            (2)            (2)

Triangle Petroleum Denver CO Jan16        (822)            93            73          (14)          (24)          (20)            (2)          (14)          (30)
Abtech Holdings Scottsdale AZ Dec15          (11)            (6)            (6)          (10)            (5)            (3)            (0)

Aspen Group Denver CO Apr16            (2)            (4)            (5)            (6)            (0)



Authentidate Holding Berkeley Heights NJ Jun15          (10)            (7)          (11)            (8)            (7)            (9)            (9)          (14)          (15)
Bion Environmental Technologies Crestone CO Jun15            (6)            (6)            (8)            (6)            (7)            (3)            (1)            (2)
Biostage Holliston MA Dec15          (12)          (11)            (9)            (7)            (4)            (1)            (1)

Blue Sphere Charlotte NC Sep15            (7)            (7)            (2)            (4)          (17)            (6)            (0)

Brightlane Houston TX Dec15            (0)            (0)            (0)            (0)              1            (1)            (0)

Crexendo Tempe AZ Dec15            (5)            (6)            (5)            (4)            (6)            (2)            11            (8)              3
Crossroads Capital Lincoln NE Dec15          (11)            (1)              2            (2)            (3)            (1)            (1)            (1)
DNIB Unwind Cambridge MA Dec15          (37)          (33)          (28)          (19)          (17)



Dynasil Corp of America Newton MA Sep15            (0)              2            (9)            (4)              1              3              2              1
Envision Solar Intl San Diego CA Dec15            (2)            (3)            (3)            (2)            (3)            (2)            (0)

Growblox Sciences Las Vegas NV Mar16            (7)            (8)            (1)              0            (0)            (1)            (3)            (0)            (0)
HealthWarehouse.com Florence KY Dec15            (1)            (2)            (5)            (6)            (6)            (4)            (2)            (1)              0
Innovative Designs Pittsburgh PA Oct15            (1)            (0)            (0)            (0)              0              0              0              4              0
Integral Technologies Bellingham WA Jun15            (4)            (5)            (4)            (3)            (3)            (3)            (2)            (2)            (6)
Ironclad Performance Wear Farmers Branch TX Dec15            (0)              1              1              3              1              0            (1)            (3)            (4)
NanoVibronix Elmsford NY Dec15              3              3              2





Pro Dex Irvine CA Jun15            (0)            (1)            (2)            (1)              3            (3)            (3)              0
Propell Technologies Group Houston TX Dec15            (4)            (5)            (4)            (0)




Regen BioPharma La Mesa CA Sep15          (11)            (1)            (0)





Relmada Therapeutics New York NY Jun15          (21)          (20)            (7)            (0)




Wizard World Las Vegas NV Dec15            (4)              1            (4)            (1)            (2)            (2)            (1)

Acacia Diversified Holdings Clearwater FL Dec15            (1)            (1)            (1)            (1)            (1)            (0)            (0)            (1)            (4)
CPS Technologies Norton MA Dec15              0              1              1            (2)            (0)              1              1              1              1
Mateon Therapeutics South San Francisco CA Dec15          (14)          (13)            (8)            (8)          (10)          (24)          (29)          (22)          (20)
American Power Group Lynnfield MA Sep15              0              0            (2)            (4)            (6)            (5)            (6)            (3)
ADDvantage Technologies Group Broken Arrow OK Sep15              1              1              2              1              3              4              3              5              7
GelTech Solutions Jupiter FL Jun15            (6)            (7)            (5)            (7)            (6)            (4)            (3)            (2)            (1)
HTG Molecular Diagnostics Tucson AZ Dec15          (21)          (14)          (12)          (13)




Image Sensing Systems Saint Paul MN Dec15              0            (2)          (11)





InterCloud Systems Red Bank NJ Dec15          (52)          (18)          (25)            (1)            (7)            (2)            (1)            (1)
Jones Soda (USA) Seattle WA Dec15            (1)            (2)            (2)            (3)            (7)            (6)          (11)          (15)          (12)
Learning Tree Intl Reston VA Sep15          (10)            (0)            (9)          (12)              3              4              1            14            17
Linn Energy LLC Houston TX Dec 15     (4,760)        (452)        (691)        (387)          438        (114)        (296)          826        (356)
Omagine New York NY Dec15            (6)            (5)            (3)            (3)            (2)            (1)            (1)            (1)            (1)
Rubicon Technology Franklin Park IL Dec15          (78)          (44)          (30)            (6)            38            29          (10)              4            (3)
Scott's Liquid Gold Denver CO Dec15              5              2              1            (1)            (1)            (0)            (1)            (1)            (1)
Xtant Medical Holdings Belgrade MT Dec15            (2)          (11)          (13)            (8)            (3)          (19)            (4)

Akers Biosciences Thorofare NJ Dec15            (9)            (3)            (2)            (3)            (0)



Alliance BioEnergy Plus West Palm Beach FL Dec15            (5)          (10)            (2)            (0)




Carbylan Therapeutics Palo Alto CA Dec15          (25)          (13)            (6)            (2)




Enzon Pharmaceuticals Cranford NJ Dec15            22            29            18            (3)          (21)            (3)          (57)          (47)            59
Grow Solutions Holdings New York NY Dec15            (1)            (0)






IDdriven Auburn CA Dec15            (1)              0






Investors Heritage Capital Frankfort KY Dec15              1              1              2              2              1              2              0            (2)              2
Lime Energy Woodbridge NJ Dec15            (3)            (3)          (11)          (16)          (12)            (5)          (17)          (11)            (8)
Medovex Atlanta GA Dec15            (7)            (3)            (1)





Mesa Royalty Trust Houston TX Dec15              2              7              3              4              7              7              4            14            12
RiceBran Technologies Scottsdale AZ Dec15          (11)          (27)          (18)          (11)          (11)          (16)          (32)          (65)          (18)
Sierra Monitor Milpitas CA Dec15              1              0              1              1              1              1              0              0              1
Sigma Labs Santa Fe NM Dec15            (2)            (3)            (1)            (1)            (1)            (0)            (0)

Swisha Hygiene Charlotte NC Dec15          (11)            (6)






Talon Real Estate Holding Minneapolis MN Dec15            (7)            (4)            (1)            (0)            (0)



Trans Energy St. Marys WV Dec15          (20)          (13)          (18)          (21)              9            18            (3)            (0)            (2)
Yuma Energy Houston TX Dec15          (11)          (20)          (33)          (15)




Smartmetric Las Vegas NV Jun15            (2)            (3)            (5)            (3)            (2)            (2)            (1)            (1)            (1)
Cinedigm New York NY Dec15          (43)          (29)          (14)          (20)          (16)          (22)          (24)          (25)          (26)
BIO-Key Intl Wall NJ Dec15            (2)            (2)            (3)              0            (2)            (1)            (3)            (1)            (6)
Capnia Redwood City CA Dec15          (16)          (13)            (4)            (6)




Carver Bancorp New York NY Mar16            (0)            (1)            (1)            (0)          (23)          (39)            (1)            (7)              4
Cipherloc Henderson NV Sep15          (13)            (3)            (1)            (0)




Citizens Banshares Corporation Atlanta GA Dec15              2              2              1              1              0              1              1              1              3
Crystal Rock Holdings Williston VT Oct15            (1)              0              1          (18)              1              4              3          (20)              2
Eyegate Pharmaceuticals Waltham MA Dec15            (8)            (2)            (4)            (6)




ImmunoCellular Therapeutics Calabasas CA Dec15          (13)            (9)            (9)          (14)            (6)            (6)            (3)            (3)            (4)
Intellicheck Mobilisa Jericho NY Dec15            (5)            (8)            (2)            (2)            (0)            (3)            (1)          (33)            (3)
Key Energy Services Houston TX Dec15        (918)        (179)          (21)          103          111          (24)        (103)            63          120
Koss Corp Milwaukee WI Jun15              0            (6)              5              3              4            (4)            (0)              4              5
Premier Holding Tustin CA Dec15            (4)            (8)            (5)            (1)            (3)            (0)            (0)            (0)
Rand Logistics Jersey City NJ Mar16            (4)            (9)            (5)            (4)              8              0              3            (7)          (11)
Roka Bioscience Warren NJ Dec15          (37)          (32)          (30)          (23)          (21)



Rxi Pharmaceuticals Marlborough MA Dec15          (10)            (9)          (21)          (13)          (10)          (12)          (18)

Safco Investment Holding San Gabriel CA Dec15            (0)            (0)            (0)            (0)            (0)            (1)


Sino-Global Shipping America Ltd Roslyn NY Jun15              1              0            (3)            (3)            (1)            (1)            (2)              0
Smith-Midland Midland VA Dec15              1            (1)              1              0            (0)              2              2              0              1
SONO-TEK Milton NY Feb16              1              1              1              0              1              1              0            (2)              0
Sunshine Heart Eden Prairie MN Dec15          (27)          (26)          (22)          (14)          (16)            (8)            (5)

WaferGen Bio-system Fremont CA Dec15          (15)          (11)          (16)            (8)          (13)          (12)          (10)            (8)            (6)
Breitburn Energy Partners LP Los Angeles CA Dec 15     (2,583)          421          (44)          (41)          111            35        (107)          378          (60)
Cesca Therapeutics Rancho Cordova CA Jun15          (15)            (9)            (3)            (5)            (3)            (5)            (9)            (9)            (7)
ColorStars Group Coruna CA Dec15            (0)            (0)            (1)            (1)            (0)              0            (0)

Repro-Med Systems Chester NY Feb16              1              1              1              1              1              1              1              1            (0)
CareView Communications Lewisville TX Dec15          (16)          (15)          (15)          (19)          (16)          (19)            (6)            (3)            (2)
Bridgeline Digital Burlington MA Sep15          (17)            (6)            (4)            (1)            (1)            (0)              1          (10)
Catalyst Biosciences South San Francisco CA Dec15          (15)            (7)          (10)          (19)            (6)



GenVec Gaithersburg MD Dec15            (7)            (3)          (10)          (14)            (7)          (12)          (18)          (26)          (19)
Oculus Innovative Sciences Petaluma CA Mar16          (10)            (8)              4            (5)            (7)            (8)            (8)          (18)          (20)
Optical Cable Roanoke VA Oct15            (4)              1            (0)              3              0            (6)            (2)              2              1
OurPet's Company Fairport Harbor OH Dec15              1              1              1              0              0              1              1            (2)              0
Stereotaxis St. Louis MO Dec15            (7)            (5)          (69)            (9)          (32)          (20)          (27)          (44)          (48)
Institutional Financial Markets Philadelphia PA Dec15            (6)            (4)          (20)            (2)          (17)            11          (12)            (8)          (22)
Jaguar Animal Health San Francisco CA Dec15          (16)            (9)            (1)





Amedica Salt Lake City UT Dec15          (24)          (33)            (8)          (35)




Earth Gen-Biofuel City of Industry CA Dec15            (1)            (1)            (1)            (0)




Gilla Daytona Beach FL Dec15            (3)            (3)            (2)            (1)            (0)            (5)          (13)            (2)            (1)
Nexus Biopharma Montclair NJ Feb16            (1)            (1)



















Total all 291


  (14,321)     (3,170)     (3,114)     (3,708)            91        (763)     (1,305)        (494)        (342)
Annual Earnings % Change vs Prior Year

-352%

Next up are the many US Companies with stock market caps below $15 Mil.  This one will take a while since there is a substantial amount of review work needed to determine the relevant ones to include.

From a preliminary review of several thousands of the financial statements of US companies with market caps below $15 mil, the total audited US GAAP Losses are massive in 2015 and substantially greater than the Total Losses in 2014.

I really can't understand why the US Congress can't help these so many smaller severely struggling US publicly-held companies, especially since they have continually helped the largest US Companies immensely.  With a majority of the US publicly-held Companies suffering so much, this is the main reason that US Individual Income Inequality is so high and continues to expand.

There is no way Capitalism can work fairly for the majority of citizens if more than half of the US Publicly-held Companies have Audited US GAAP Losses.