Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited)

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CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
Mar. 31, 2017
Dec. 31, 2016
CURRENT ASSETS    
Cash and cash equivalents $ 12,278,120 $ 28,693,985
Accounts receivable, net 24,973,332 20,602,962
Receivables from related parties 33,141,299 28,059,565
Inventories 4,922,627 4,355,088
Prepaid expenses 3,402,022 4,254,148
Other current assets 1,182,058 391,599
Total current assets 79,899,458 86,357,347
Property, plant and equipment, net 244,021,697 221,247,228
Intangible assets, net 19,299,079 21,566,829
Goodwill 86,043,148 86,043,148
Other non-current assets 5,239,582 5,339,283
Total assets 434,502,964 420,553,835
CURRENT LIABILITIES    
Accounts payable 37,237,976 18,480,325
Payables to related parties 4,921,129 2,434,031
Accrued expenses and other current liabilities 8,825,877 8,396,968
Income taxes payable 0 28,156
Total current liabilities 50,984,982 29,339,480
Long-term debt 0 0
Deferred income taxes 43,881,012 47,670,789
Other liabilities 2,733,863 2,501,886
Total liabilities 97,599,857 79,512,155
COMMITMENTS AND CONTINGENCIES (Note 13)
Equity:    
Common stock, $0.01 par value, 200,000,000 shares authorized, 37,500,000 issued and outstanding at March 31, 2017 and December 31, 2016 375,000 375,000
Additional paid in capital 400,775,752 400,205,921
Accumulated deficit (61,259,392) (56,322,878)
Accumulated other comprehensive loss (2,988,253) (3,216,363)
Total equity 336,903,107 341,041,680
Total liabilities and equity 434,502,964 420,553,835
Trade names    
CURRENT ASSETS    
Intangible assets, net 5,439,307 5,617,057
Customer relationships    
CURRENT ASSETS    
Intangible assets, net $ 13,859,772 $ 15,949,772