Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Operations

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Consolidated Statements Of Operations - USD ($)
12 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Consolidated Statements Of Operations    
Revenues $ 101,694,516 $ 92,052,600
Cost of revenues (exclusive of depreciation and amortization, shown separately below) 56,724,121 49,598,373
Gross profit 44,970,395 42,454,227
Depreciation and amortization 12,975,981 11,004,884
Selling, general and administrative expenses (including stock-based compensation of $639,296 for (2015) and $371,758 for (2014) 41,009,107 33,224,374
Total operating expenses 53,985,088 44,229,258
Operating loss (9,014,693) (1,775,031)
Other (expenses) income:    
Interest expense (6,062,923) (5,988,411)
Gain on change in fair value of derivative liability 1,843,997 5,161,901
Loss on extinguishment of debt (2,720,355) 0
Other income, net 63,613 60,450
Total other expenses (6,875,668) (766,060)
Loss before income taxes (15,890,361) (2,541,091)
Benefit (provision) for income taxes 7,660,536 (26,051)
Net Loss (8,229,825) (2,567,142)
Preferred stock dividends in arears (1,578,220) (1,746,203)
Net loss applicable to common stockholders: $ (9,808,045) $ (4,313,345)
Basic and diluted loss per common share $ 0.12 $ (0.34)
Weighted average common shares outstanding:    
Basic and diluted 9,894,916 7,741,975