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2017 and 2016 Quarterly Results of Operations (Unaudited) (Tables)
 12 Months Ended
Dec. 31, 2017
Quarterly Financial Information Disclosure [Abstract]  
Selected Quarterly Financial Information
2016
 
 
 
Three Months
ended
March 31
 
 
Three Months
ended
June 30
 
Three Months
ended
September 30
 
Three Months ended December 31,
 
Revenues
 
$
21,278,288

 
 
$
25,590,434

 
$
35,788,181

 
$
41,835,941

 
Total Operating Expenses
 
57,742,766

(a)
 
42,882,423

 
47,512,409

 
177,607,218

(b)
Operating Loss
 
(36,464,478
)
 
 
(17,291,989
)
 
(11,724,228
)
 
(135,771,277
)
 
Net Loss
 
(39,278,670
)
 
 
(22,495,573
)
 
(19,359,044
)
 
(142,389,148
)
 
 
 
 
 
 
 
 
 
 
 
 
Basic Loss Per Share
 
$
(20.77
)
 
 
$
(9.98
)
 
$
(0.65
)
 
$
(2.96
)
 
Diluted Loss Per Share
 
$
(20.77
)
 
 
$
(9.98
)
 
$
(0.65
)
 
$
(2.96
)
 
 
a.
Includes impairment charge of $6,167,262.
b.
Includes impairment charge of $122,860,600.
2017
 
 
 
Three Months
ended
March 31
 
Three Months
ended
June 30
 
Three Months
ended
September 30
 
Three Months ended December 31,
Revenues
 
$
45,855,057

 
$
53,631,224

 
$
62,710,903

 
$
74,587,441

Total Operating expenses
 
50,361,713

 
53,938,837

 
64,624,733

 
67,999,398

Operating (loss) income
 
(4,506,656
)
 
(307,613
)
 
(1,913,830
)
 
6,588,043

Net loss *
 
(11,068,448
)
 
(5,888,466
)
 
(10,255,346
)
 
(16,584,425
)
 
 
 
 
 
 
 
 
 
Basic Loss Per Share
 
$
(0.17
)
 
$
(0.08
)
 
$
(0.15
)
 
$
(0.24
)
Diluted Loss Per Share
 
$
(0.17
)
 
$
(0.08
)
 
$
(0.15
)
 
$
(0.24
)

* Net loss for the three months ended December 31, 2017 includes $15.0 million of loss on debt extinguishment.