Annual report pursuant to Section 13 and 15(d)

Consolidated Statements Of Operations

v3.6.0.2
Consolidated Statements Of Operations - USD ($)
12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Consolidated Statements Of Operations    
Revenues $ 122,045,320 $ 101,694,516
Cost of revenues, exclusive of depreciation and amortization, shown separately below 68,058,432 56,724,121
Gross profit 53,986,888 44,970,395
Depreciation and amortization 13,096,587 12,975,981
Selling general and administrative expenses (including stock-based compensation of $878,343 and $639,296 for the years ended December 31, 2016 and 2015, respectively) 48,524,923 41,009,107
Total operating expenses 61,621,510 53,985,088
Operating loss (7,634,622) (9,014,693)
Other (expenses) income:    
Interest expense (6,742,143) (6,062,923)
Loss on extinguishment of debt (214,294) (2,720,355)
Gain on change in fair value of derivative liabilities 265,383 1,843,997
Loss on disposal of property and equipment (129,119) (37,444)
Other income, net 128,987 101,057
Total other expenses (6,691,186) (6,875,668)
Loss before income taxes (14,325,808) (15,890,361)
Income tax benefit 2,572,394 7,660,536
Net Loss (11,753,414) (8,229,825)
Preferred stock dividends in arrears (2,388,007) (1,578,220)
Net loss attributable to common stockholders $ (14,141,421) $ (9,808,045)
Loss applicable to common stockholders    
Basic and diluted loss per common share $ (0.92) $ (1.32)
Weighted average common shares outstanding:    
Basic and diluted 15,406,184 8,873,766