Current report filing

Sturgeon Acquisition (Notes)

v3.8.0.1
Sturgeon Acquisition (Notes)
12 Months Ended
Dec. 31, 2016
Business Combinations [Abstract]  
Sturgeon Acquisition
The following table summarizes the carrying value of Sturgeon as of September 13, 2014, the date at which Sturgeon commenced operations with the acquisition of the Sturgeon subsidiaries:
 
 
Sturgeon
Cash and cash equivalents
 
$
705,638

Accounts receivable
 
7,587,298

Inventories
 
2,221,073

Other current assets
 
555,939

Property, plant and equipment
 
20,424,087

Sand reserves
 
57,420,000

Goodwill
 
2,683,727

Total assets acquired
 
$
91,597,762

 
 
 
Accounts payable and accrued liabilities
 
$
2,878,072

Total liabilities assumed
 
$
2,878,072

Net assets acquired
 
$
88,719,690

 
 
 
Allocation of purchase price
 
 
Carrying value of members' equity prior to Sturgeon contribution
 
$
81,738,675