Annual report pursuant to Section 13 and 15(d)

Quarterly Financial Data (unaudited) (Tables)

v3.6.0.2
Quarterly Financial Data (unaudited) (Tables)
12 Months Ended
Dec. 31, 2016
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Financial Information
 
Three Months Ended
 
 
March 31,
June 30,
September 30,
December 31,
Total
 
2016
2016
2016
2016
 
Revenue from external customers
$
28,971,935

$
20,070,966

$
20,009,086

$
26,024,053

$
95,076,040

Revenue from related parties
$
5,531,569

$
48,871,322

$
42,757,132

$
38,762,658

$
135,922,681

Cost of revenue
$
32,897,220

$
51,375,378

$
42,733,976

$
46,543,335

$
173,549,909

Selling, general and administrative expenses
$
3,255,064

$
4,795,729

$
3,001,809

$
5,678,373

$
16,730,975

Earnings before other expense (income), interest, depreciation and amortization, impairment and taxes
$
(1,648,780
)
$
12,771,181

$
17,030,433

$
12,565,003

$
40,717,837

Other expense (income)
$
(18,192
)
$
(676,496
)
$
242,893

$
199,556

$
(252,239
)
Interest expense
$
1,191,895

$
917,310

$
932,749

$
669,503

$
3,711,457

Depreciation and amortization
$
17,413,591

$
18,253,792

$
17,148,430

$
17,095,045

$
69,910,858

Impairment of long-lived assets
$

$
1,870,885

$

$

$
1,870,885

Loss before income taxes
$
(20,236,074
)
$
(7,594,310
)
$
(1,293,639
)
$
(5,399,101
)
$
(34,523,124
)
Provision (benefit) for income taxes
$
894,360

$
789,376

$
1,055,960

$
51,145,175

$
53,884,871

Net loss
$
(21,130,434
)
$
(8,383,686
)
$
(2,349,599
)
$
(56,544,276
)
$
(88,407,995
)
 
 
 
 
 
 
Net loss per share (basic and diluted) (Note 10)
$
(0.70
)
$
(0.28
)
$
(0.08
)
$
(1.57
)
$
(2.81
)
Weighted average number of shares outstanding (Note 10)
30,000,000

30,000,000

30,000,000

35,951,087

31,500,000


 
Three Months Ended
 
 
March 31,
June 30,
September 30,
December 31,
Total
 
2015
2015
2015
2015
 
Revenue from external customers
$
68,265,763

$
56,780,307

$
44,151,122

$
19,547,290

$
188,744,482

Revenue from related parties
$
44,103,719

$
50,786,000

$
42,045,370

$
34,257,122

$
171,192,211

Cost of revenue
$
80,748,069

$
85,115,293

$
70,360,228

$
40,123,727

$
276,347,317

Selling, general and administrative expenses
$
4,912,574

$
4,938,008

$
4,191,917

$
6,499,049

$
20,541,548

Earnings before other expense (income), interest, depreciation and amortization, impairment and taxes
$
26,708,839

$
17,513,006

$
11,644,347

$
7,181,636

$
63,047,828

Other expense (income)
$
896,518

$
1,195,967

$
142,029

$
(76,750
)
$
2,157,764

Interest income
$
46,678

$
51,564

$
250

$

$
98,492

Interest expense
$
1,532,394

$
1,273,936

$
1,376,424

$
1,108,067

$
5,290,821

Depreciation and amortization
$
17,743,210

$
17,993,622

$
17,959,432

$
18,697,618

$
72,393,882

Impairment of long-lived assets
$

$
4,470,781

$
908,456

$
6,745,116

$
12,124,353

Loss (income) before income taxes
$
6,583,395

$
(7,369,736
)
$
(8,741,744
)
$
(19,292,415
)
$
(28,820,500
)
Provision (benefit) for income taxes
$
1,164,943

$
408,193

$
(4,250,643
)
$
1,088,421

$
(1,589,086
)
Net income (loss)
$
5,418,452

$
(7,777,929
)
$
(4,491,101
)
$
(20,380,836
)
$
(27,231,414
)
 
 
 
 
 
 
Net loss per share (basic and diluted) (Note 10)
$
0.18

$
(0.26
)
$
(0.15
)
$
(0.68
)
$
(0.91
)
Weighted average number of shares outstanding (Note 10)
30,000,000

30,000,000

30,000,000

30,000,000

30,000,000