Current report filing

CONDENSED CONSOLDIATED STATEMENTS OF COMPREHENSIVE LOSS (unaudited)

v3.8.0.1
CONDENSED CONSOLDIATED STATEMENTS OF COMPREHENSIVE LOSS (unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2017
Mar. 31, 2016
REVENUE    
Services revenue [1] $ 27,091,882 $ 28,236,482
Services revenue - related parties [1] 32,961,657 1,146,554
Product revenue [1] 3,372,063 1,281,745
Product revenue - related parties [1] 11,540,419 1,918,078
Total Revenue [1] 74,966,021 32,582,859
COST AND EXPENSES    
Services cost of revenue [1],[2] 45,460,804 26,093,376
Services cost of revenue - related parties [1] 429,917 117,046
Product cost of revenue [1],[3] 12,607,265 6,180,754
Product cost of revenue - related parties [1] 0 0
Selling, general and administrative [1] 6,412,544 3,505,629
Selling, general and administrative - related parties [1] 324,254 108,245
Depreciation and amortization [1] 17,237,251 17,751,072
Total cost and expenses [1] 82,472,035 53,756,122
Operating loss [1] (7,506,014) (21,173,263)
OTHER (EXPENSE) INCOME    
Interest expense [1] (397,184) (1,296,356)
Other, net [1] (184,146) (990)
Total other expense [1] (581,330) (1,297,346)
Loss before income taxes [1] (8,087,344) (22,470,609)
(Benefit) provision for income taxes [1] (3,106,065) 894,360
Net loss [1],[4] (4,981,279) (23,364,969)
OTHER COMPREHENSIVE LOSS    
Foreign currency translation adjustment [1],[5] 228,110 1,975,351
Comprehensive loss [1] $ (4,753,169) $ (21,389,618)
Net loss per share (basic and diluted) (in dollars per share) (Note 9) [1] $ (0.13) $ (0.78)
Weighted average number of shares outstanding (in shares) (Note 9) [1] 37,500,000 30,000,000
Exclusive of depreciation and amortization [1] $ 15,837,735 $ 16,348,075
Exclusive of depreciation and amortization [1] 1,361,715 1,366,682
Net of tax [1] $ 20,143 $ 0
[1] Financial information has been recast to include the financial position and results attributable to Sturgeon. See Note 12.
[2] Exclusive of depreciation and amortization of 15,837,753 and 16,348,075, for Three Months Ended March 31 2017 and 2016, respectively.
[3] Exclusive of depreciation and amortization of 1,018,241 and 1,029,201, for Three Months Ended March 31 2017 and 2016, respectively.
[4] Financial information has been recast to include the financial position and results attributable to Sturgeon. See Note 12.
[5] Net of tax of 20,143 and 0 for Three Months Ended March 31 2017 and 2016, respectively.