| Schedule of Segment Reporting Information, by Segment |
The following table sets forth certain financial information with respect to the Company’s reportable segments:
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Completion and Production |
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Three Months Ended March 31, 2017 |
Pressure Pumping Services |
Well Services |
Sand |
Drilling |
Other Energy Services |
Total |
Revenue from external customers... |
$ |
8,691,647 |
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$ |
3,190,132 |
|
$ |
3,372,063 |
|
$ |
9,703,397 |
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$ |
5,506,706 |
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$ |
30,463,945 |
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Revenue from related parties.......... |
$ |
31,760,906 |
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$ |
152,895 |
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$ |
11,540,419 |
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$ |
1,047,592 |
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$ |
264 |
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$ |
44,502,076 |
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Cost of revenue.............................. |
$ |
28,707,440 |
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$ |
3,799,776 |
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$ |
12,607,265 |
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$ |
10,953,423 |
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$ |
2,430,082 |
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$ |
58,497,986 |
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Selling, general and administrative expenses............................................... |
$ |
1,774,926 |
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$ |
972,405 |
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$ |
2,057,553 |
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$ |
1,295,024 |
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$ |
636,890 |
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$ |
6,736,798 |
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Earnings before interest, other expense, taxes and depreciation and amortization............ |
$ |
9,970,187 |
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$ |
(1,429,154 |
) |
$ |
247,664 |
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$ |
(1,497,458 |
) |
$ |
2,439,998 |
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$ |
9,731,237 |
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Other expense ....................... |
$ |
2,631 |
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$ |
1,182 |
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$ |
14,207 |
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$ |
163,785 |
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$ |
2,341 |
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$ |
184,146 |
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Interest expense.............................. |
$ |
128,444 |
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$ |
(105,902 |
) |
$ |
132,639 |
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$ |
217,182 |
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$ |
24,821 |
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$ |
397,184 |
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Depreciation and amortization....... |
$ |
9,157,893 |
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$ |
1,208,241 |
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$ |
1,362,965 |
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$ |
4,968,628 |
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$ |
539,524 |
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$ |
17,237,251 |
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Income tax provision..................... |
$ |
— |
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$ |
(3,691,532 |
) |
$ |
— |
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$ |
— |
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$ |
585,467 |
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$ |
(3,106,065 |
) |
Net income (loss).......................... |
$ |
681,219 |
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$ |
1,158,857 |
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$ |
(1,262,147 |
) |
$ |
(6,847,053 |
) |
$ |
1,287,845 |
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$ |
(4,981,279 |
) |
Total expenditures for property, plant and equipment................. |
$ |
28,665,309 |
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$ |
— |
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$ |
174,513 |
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$ |
2,269,277 |
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$ |
593 |
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$ |
31,109,692 |
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At March 31, 2017 |
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Goodwill....................................... |
$ |
86,043,148 |
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$ |
— |
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$ |
2,683,727 |
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$ |
— |
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$ |
— |
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$ |
88,726,875 |
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Intangible assets, net..................... |
$ |
19,174,183 |
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$ |
124,896 |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
19,299,079 |
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Total assets................................... |
$ |
228,631,538 |
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$ |
47,104,529 |
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$ |
111,028,954 |
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$ |
97,838,858 |
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$ |
30,818,616 |
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$ |
515,422,495 |
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Completion and Production |
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Three Months Ended March 31, 2016 |
Pressure Pumping Services |
Well Services |
Sand |
Drilling |
Other Energy Services |
Total |
Revenue from external customers... |
$ |
12,294,529 |
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$ |
2,698,592 |
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$ |
1,281,745 |
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$ |
5,257,738 |
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$ |
7,985,623 |
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$ |
29,518,227 |
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Revenue from related parties.......... |
$ |
— |
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$ |
— |
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$ |
1,918,078 |
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$ |
1,145,999 |
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$ |
555 |
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$ |
3,064,632 |
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Cost of revenue.............................. |
$ |
11,531,886 |
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$ |
3,927,709 |
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$ |
6,180,754 |
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$ |
7,208,657 |
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$ |
3,542,170 |
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$ |
32,391,176 |
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Selling, general and administrative expenses............................................... |
$ |
526,175 |
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$ |
573,296 |
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$ |
601,267 |
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$ |
1,302,473 |
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$ |
610,663 |
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$ |
3,613,874 |
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Earnings before interest, other (income) expense, taxes and depreciation and amortization....... |
$ |
236,468 |
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$ |
(1,802,413 |
) |
$ |
(3,582,198 |
) |
$ |
(2,107,393 |
) |
$ |
3,833,345 |
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$ |
(3,422,191 |
) |
Other (income) expense ....................... |
$ |
(19,208 |
) |
$ |
9,400 |
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$ |
19,182 |
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$ |
(10,074 |
) |
$ |
1,690 |
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$ |
990 |
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Interest expense.............................. |
$ |
237,055 |
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$ |
98,319 |
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$ |
104,461 |
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$ |
852,574 |
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$ |
3,947 |
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$ |
1,296,356 |
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Depreciation and amortization....... |
$ |
8,955,217 |
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$ |
1,397,507 |
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$ |
1,368,517 |
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$ |
5,507,381 |
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$ |
522,450 |
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$ |
17,751,072 |
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Income tax provision..................... |
$ |
— |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
894,360 |
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$ |
894,360 |
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Net (loss) income.......................... |
$ |
(8,936,596 |
) |
$ |
(3,307,639 |
) |
$ |
(5,074,358 |
) |
$ |
(8,457,274 |
) |
$ |
2,410,898 |
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$ |
(23,364,969 |
) |
Total expenditures for property, plant and equipment................. |
$ |
30,695 |
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$ |
— |
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$ |
97,425 |
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$ |
264,171 |
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$ |
147,631 |
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$ |
539,922 |
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At March 31, 2016 |
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Goodwill....................................... |
$ |
86,043,148 |
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$ |
— |
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$ |
2,683,727 |
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$ |
— |
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$ |
— |
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$ |
88,726,875 |
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Intangible assets, net..................... |
$ |
28,217,683 |
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$ |
152,396 |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
28,370,079 |
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Total assets................................... |
$ |
197,948,317 |
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$ |
60,191,891 |
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$ |
111,084,330 |
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$ |
110,148,572 |
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$ |
35,713,736 |
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$ |
515,086,846 |
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