Current report filing

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited)

v3.8.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
Mar. 31, 2017
Dec. 31, 2016
CURRENT ASSETS    
Cash and cash equivalents [1],[2] $ 12,927,242 $ 29,238,618
Accounts receivable, net [1] 25,612,506 21,169,579
Receivables from related parties [1] 32,433,387 27,589,283
Inventories [1] 6,097,571 6,124,201
Prepaid expenses [1] 3,559,431 4,425,872
Other current assets [1] 1,182,058 391,599
Total current assets [1] 81,812,195 88,939,152
Property, plant and equipment, net [1] 264,727,442 242,119,663
Sand reserves [1] 55,365,025 55,367,295
Intangible assets, net 19,299,079 21,566,829
Goodwill [1] 88,726,875 88,726,875
Other non-current assets [1] 5,491,879 5,642,661
Total assets [1] 515,422,495 502,362,475
CURRENT LIABILITIES    
Accounts payable [1] 40,337,570 20,469,542
Payables to related parties [1] 661,134 203,209
Accrued expenses and other current liabilities [1] 9,049,128 8,546,198
Income taxes payable [1] 0 28,156
Total current liabilities [1] 50,047,832 29,247,105
Long-term debt [1] 0 0
Deferred income taxes [1] 43,881,012 47,670,789
Asset retirement obligation [1] 261,029 259,804
Other liabilities [1] 2,635,605 2,404,422
Total liabilities [1] 96,825,478 79,582,120
COMMITMENTS AND CONTINGENCIES (Note 13) [1]
Equity:    
Common stock, $0.01 par value, 200,000,000 shares authorized, 37,500,000 issued and outstanding at March 31, 2017 and December 31, 2016 [1] 375,000 375,000
Additional paid in capital [1] 400,775,752 400,205,921
Accumulated deficit [1] (61,259,392) (56,322,878)
Members' equity [1] 81,693,910 81,738,675
Accumulated other comprehensive loss [1] (2,988,253) (3,216,363)
Total equity [1] 418,597,017 422,780,355
Total liabilities and equity [1] 515,422,495 502,362,475
Trade names    
CURRENT ASSETS    
Intangible assets, net [1] 5,439,307 5,617,057
Customer relationships    
CURRENT ASSETS    
Intangible assets, net [1] $ 13,859,772 $ 15,949,772
[1] Financial information has been recast to include the financial position and results attributable to Sturgeon Acquisitions LLC ("Sturgeon"). See Note 12.
[2] Financial information has been recast to include the financial position and results attributable to Sturgeon. See Note 12.