Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Revenues $ 38,089,006 $ 31,041,047 $ 73,900,882 $ 64,835,296
Cost of revenues, exclusive of depreciation and amortization, shown separately below 20,901,548 17,865,570 40,172,461 38,397,081
Gross profit 17,187,458 13,175,477 33,728,421 26,438,215
Depreciation and amortization 3,600,609 3,031,890 7,437,757 5,948,153
Selling, general and administrative expenses (including stock-based compensation of $224,647 and $198,884) 14,330,934 11,270,013 28,465,809 22,694,799
Total operating expenses 17,931,543 14,301,903 35,903,566 28,642,952
Operating loss (744,085) (1,126,426) (2,175,145) (2,204,737)
Other (expenses) income:        
Interest expense (2,172,084) (1,624,669) (4,264,396) (3,252,633)
Gain on change in fair value of derivative liabilities 113,779 45,642 73,334 228,042
Loss on disposal of property and equipment (65,250) (11,996) (92,050) (72,818)
Other income, net 13,365 37,111 129,845 88,263
Total other expenses (2,110,190) (1,553,912) (4,153,267) (3,009,146)
Loss before income taxes (2,854,275) (2,680,338) (6,328,412) (5,213,883)
Provision for income taxes (23,100) 0 (30,911) 0
Net loss (2,877,375) (2,680,338) (6,359,323) (5,213,883)
Preferred stock dividends (240,498) (284,839) (1,494,607) (1,816,821)
Net loss attributable to common stockholders $ (3,117,873) $ (2,965,177) $ (7,853,930) $ (7,030,704)
Basic and diluted loss per common share $ (0.14) $ (0.20) $ (0.36) $ (0.49)
Weighted average common shares outstanding:        
Basic and diluted 22,408,335 14,864,768 21,562,714 14,306,170