| 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 |
|
$ |
3,190,132 |
|
$ |
2,615,209 |
|
$ |
9,703,397 |
|
$ |
5,506,706 |
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$ |
29,707,091 |
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Revenue from related parties.......... |
$ |
31,931,820 |
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$ |
152,895 |
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$ |
11,576,151 |
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$ |
1,047,592 |
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$ |
264 |
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$ |
44,708,722 |
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Cost of revenue.............................. |
$ |
28,771,868 |
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$ |
3,799,776 |
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$ |
12,931,277 |
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$ |
10,953,423 |
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$ |
2,430,082 |
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$ |
58,886,426 |
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Selling, general and administrative expenses............................................... |
$ |
1,774,926 |
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$ |
972,405 |
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$ |
1,542,565 |
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$ |
1,295,024 |
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$ |
636,890 |
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$ |
6,221,810 |
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Earnings before interest, other expense, taxes and depreciation and amortization............ |
$ |
10,076,673 |
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$ |
(1,429,154 |
) |
$ |
(282,482 |
) |
$ |
(1,497,458 |
) |
$ |
2,439,998 |
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$ |
9,307,577 |
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Other expense ....................... |
$ |
2,631 |
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$ |
1,182 |
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$ |
102 |
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$ |
163,785 |
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$ |
2,341 |
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$ |
170,041 |
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Interest expense.............................. |
$ |
128,444 |
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$ |
(105,902 |
) |
$ |
21,793 |
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$ |
217,182 |
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$ |
24,821 |
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$ |
286,338 |
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Depreciation and amortization....... |
$ |
9,157,893 |
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$ |
1,208,241 |
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$ |
1,019,491 |
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$ |
4,968,628 |
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$ |
539,524 |
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$ |
16,893,777 |
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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).......................... |
$ |
787,705 |
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$ |
1,158,857 |
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$ |
(1,323,868 |
) |
$ |
(6,847,053 |
) |
$ |
1,287,845 |
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$ |
(4,936,514 |
) |
Total expenditures for property, plant and equipment................. |
$ |
28,665,309 |
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$ |
— |
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$ |
— |
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$ |
2,269,277 |
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$ |
593 |
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$ |
30,935,179 |
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At March 31, 2017 |
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Goodwill....................................... |
$ |
86,043,148 |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
86,043,148 |
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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................................... |
$ |
228,689,765 |
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$ |
47,734,021 |
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$ |
29,421,704 |
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$ |
97,838,858 |
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$ |
30,818,616 |
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$ |
434,502,964 |
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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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$ |
735,453 |
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$ |
5,257,738 |
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$ |
7,985,623 |
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$ |
28,971,935 |
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Revenue from related parties.......... |
$ |
10,261 |
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$ |
— |
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$ |
4,374,754 |
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$ |
1,145,999 |
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$ |
555 |
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$ |
5,531,569 |
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Cost of revenue.............................. |
$ |
14,260,507 |
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$ |
3,927,709 |
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$ |
3,958,177 |
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$ |
7,208,657 |
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$ |
3,542,170 |
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$ |
32,897,220 |
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Selling, general and administrative expenses............................................... |
$ |
526,171 |
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$ |
573,296 |
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$ |
242,463 |
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$ |
1,302,473 |
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$ |
610,663 |
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$ |
3,255,066 |
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Earnings before interest, other (income) expense, taxes and depreciation and amortization....... |
$ |
(2,481,888 |
) |
$ |
(1,802,413 |
) |
$ |
909,567 |
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$ |
(2,107,393 |
) |
$ |
3,833,345 |
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$ |
(1,648,782 |
) |
Other (income) expense ....................... |
$ |
(19,208 |
) |
$ |
9,400 |
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$ |
(2 |
) |
$ |
(10,074 |
) |
$ |
1,690 |
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$ |
(18,194 |
) |
Interest expense.............................. |
$ |
237,055 |
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$ |
98,319 |
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$ |
— |
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$ |
852,574 |
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$ |
3,947 |
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$ |
1,191,895 |
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Depreciation and amortization....... |
$ |
8,955,217 |
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$ |
1,397,507 |
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$ |
1,031,036 |
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$ |
5,507,381 |
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$ |
522,450 |
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$ |
17,413,591 |
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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.......................... |
$ |
(11,654,952 |
) |
$ |
(3,307,639 |
) |
$ |
(121,467 |
) |
$ |
(8,457,274 |
) |
$ |
2,410,898 |
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$ |
(21,130,434 |
) |
Total expenditures for property, plant and equipment................. |
$ |
30,695 |
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$ |
— |
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$ |
92,028 |
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$ |
264,171 |
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$ |
147,631 |
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$ |
534,525 |
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At March 31, 2016 |
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Goodwill....................................... |
$ |
86,043,148 |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
— |
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$ |
86,043,148 |
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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................................... |
$ |
198,457,528 |
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$ |
60,191,891 |
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$ |
28,112,951 |
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$ |
110,148,572 |
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$ |
35,713,736 |
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$ |
432,624,678 |
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