Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.7.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Income Statement [Abstract]    
Revenues $ 35,811,876 $ 33,794,249
Cost of revenues, exclusive of depreciation and amortization, shown separately below 19,270,913 20,531,511
Gross profit 16,540,963 13,262,738
Depreciation and amortization 3,837,148 2,916,263
Selling, general and administrative expenses (including stock-based compensation of $224,647 and $198,884) 14,134,875 11,424,786
Operating loss (1,431,060) (1,078,311)
Other (expenses) income:    
Interest expense (2,092,312) (1,627,964)
(Loss) gain on change in fair value of derivative liabilities (40,445) 182,400
Loss on disposal of property and equipment (26,800) 0
Other income, net 116,480 (9,670)
Total other expenses (2,043,077) (1,455,234)
Loss before income taxes (3,474,137) (2,533,545)
Provision for income taxes (7,811) 0
Net loss (3,481,948) (2,533,545)
Preferred stock dividends (1,254,109) (1,531,982)
Net loss attributable to common stockholders $ (4,736,057) $ (4,065,527)
Basic and diluted loss per common share $ (0.23) $ (0.30)
Weighted average common shares outstanding:    
Basic and diluted 20,707,699 13,741,366