Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS

v3.6.0.2
CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS - USD ($)
 12 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2014
REVENUE      
Services revenue $ 89,642,899 $ 172,012,405 $ 182,341,309
Services revenue - related parties 107,599,378 132,674,989 30,834,421
Product revenue 5,433,141 16,732,077 36,859,731
Product revenue - related parties 28,323,303 38,517,222 9,490,543
Total Revenue 230,998,721 359,936,693 259,526,004
COST AND EXPENSES      
Services cost of revenue [1] 139,807,987 225,820,450 150,482,793
Services cost of revenue - related parties 5,575,092 4,177,335 1,770,565
Product cost of revenue [2] 7,577,660 25,838,555 35,525,596
Product cost of revenue - related parties 20,589,170 20,510,977 3,289,947
Selling, general and administrative 15,836,165 19,303,557 14,272,986
Selling, general and administrative - related parties 894,810 1,237,991 2,754,877
Depreciation and amortization 69,910,858 72,393,882 35,627,165
Impairment of long-lived assets 1,870,885 12,124,353 0
Total cost and expenses 262,062,627 381,407,100 243,723,929
Operating (loss) income (31,063,906) (21,470,407) 15,802,075
OTHER (EXPENSE) INCOME      
Interest income 0 98,492 214,141
Interest expense (3,711,457) (5,290,821) (4,603,595)
Interest expense - related parties 0 0 (184,479)
Other, net 252,239 (2,157,764) (5,724,496)
Total other expense (3,459,218) (7,350,093) (10,298,429)
Loss (income) before income taxes (34,523,124) (28,820,500) 5,503,646
Provision (benefit) for income taxes 53,884,871 (1,589,086) 7,514,194
Net loss (88,407,995) (27,231,414) (2,010,548)
OTHER COMPREHENSIVE (LOSS) INCOME      
Foreign currency translation adjustment [3] 2,710,605 (4,814,819) 472,714
Comprehensive loss $ (85,697,390) $ (32,046,233) $ (1,537,834)
Net loss per share (basic and diluted) (Note 10) (in USD per share) $ (2.81) $ (0.91) $ (0.10)
Weighted average shares outstanding (in shares) 31,500,000.00 30,000,000.00 21,056,073.00
Weighted average number of shares outstanding, diluted (in shares) 31,500,000 30,000,000 21,056,073
Pro Forma C Corporation Data (unaudited):      
Taxes due to change to C corporation (Note 9) $ 53,884,871 $ (1,589,086) $ 7,514,194
Basic (in USD per share) $ (2.81) $ (0.91) $ (0.10)
Diluted (in USD per share) $ (0.58) $ (0.66) $ (0.34)
Weighted average number of shares outstanding, basic (in shares) 30,000,000 30,000,000 21,056,073
Weighted average pro format shares outstanding - diluted (in USD per share) 37,500,000 37,500,000 21,056,073
(1) Exclusive of depreciation and amortization $ 65,705,373 $ 68,053,581 $ 31,687,048
(2) Exclusive of depreciation and amortization 4,072,674 4,193,106 3,859,150
(3) Net of tax 1,731,887 0 298,170
Pro Forma      
OTHER (EXPENSE) INCOME      
Provision (benefit) for income taxes 53,088,861 0 0
Net loss (21,568,307) (24,762,384) (7,218,176)
Pro Forma C Corporation Data (unaudited):      
Taxes on income earned as a non-taxable entity (Note 9) 13,750,827 2,469,030 (5,207,628)
Taxes due to change to C corporation (Note 9) $ 53,088,861 $ 0 $ 0
Basic (in USD per share) $ (0.58) $ (0.66) $ (0.34)
Weighted average number of shares outstanding, basic (in shares) 37,500,000 37,500,000 21,056,073
[1] Exclusive of depreciation and amortization of 65,705,373, 68,053,581, and 31,687,048 for the year ended December 31, 2016, 2015, and 2014, respectively.
[2] Exclusive of depreciation and amortization of 4,0723,674, 4,193,106, and 3,589,150 for the year ended December 31, 2016, 2015, and 2014, respectively.
[3] Net of tax of 1,731,887, 0, and 298,170 for the year ended December 31, 2016, 2015, and 2014, respectively.