Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

v3.6.0.2
CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2016
Dec. 31, 2015
CURRENT ASSETS    
Cash and cash equivalents $ 28,693,985 $ 3,074,072
Accounts receivable, net 20,602,962 17,797,852
Receivables from related parties 28,059,565 25,643,781
Inventories 4,355,088 4,755,661
Prepaid Expenses 4,254,148 4,447,253
Other current assets 391,599 422,219
Total current assets 86,357,347 56,140,838
Property, plant and equipment, net 221,247,228 273,026,665
Intangible assets, net 21,566,829 30,637,829
Goodwill 86,043,148 86,043,148
Other non-current assets 5,339,283 5,137,090
Total assets 420,553,835 450,985,570
CURRENT LIABILITIES    
Accounts payable 18,480,325 16,046,378
Payables to related parties 2,434,031 6,997,929
Accrued expenses and other current liabilities 8,396,968 7,718,956
Income taxes payable 28,156 26,912
Total current liabilities 29,339,480 30,790,175
Long-term debt 0 95,000,000
Deferred income taxes 47,670,789 1,460,959
Other liabilities 2,501,886 571,174
Total liabilities 79,512,155 127,822,308
COMMITMENTS AND CONTINGENCIES (Note 16)
Equity:    
Common units, $0.01 per value, 200,000,000 shares authorized, 37,500,000 issued and outstanding at December 31,2016; zero issued and outstanding at December 31, 2015 375,000 0
Additional paid in capital 400,205,921 0
Accumulated Deficit (56,322,878) 0
Common units, 30,000,000 units issued and outstanding at December 31, 2015; zero issued and outstanding at December 31, 2016 0 329,090,230
Accumulated other comprehensive loss (3,216,363) (5,926,968)
Total equity 341,041,680 323,163,262
Total liabilities and equity 420,553,835 450,985,570
Trade names    
CURRENT ASSETS    
Intangible assets, net 5,617,057 6,328,057
Customer relationships    
CURRENT ASSETS    
Intangible assets, net $ 15,949,772 $ 24,309,772