XML 16 R4.htm IDEA: XBRL DOCUMENT v3.8.0.1
Unaudited Condensed Consolidated Statements of Operations - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenue        
Coal sales $ 14,404,979 $ 34,779,079
Coal processing 1,465,121 2,237,674 1,465,121
Total revenue 14,404,979 1,465,121 37,016,753 1,465,121
Costs and expenses        
Cost of coal sales (exclusive of items shown separately below) 14,751,276 35,564,686
Cost of coal processing (exclusive of items shown separately below) 384,254 2,212,403 384,254
Other operating costs and expenses 1,308,400 1,477,340 91,605
Asset retirement obligation accretion 101,276 94,519 303,829 134,788
Depreciation, depletion and amortization 867,968 60,519 1,334,983 60,519
Professional fees 480,905 737,380 1,067,845 4,149,017
Selling, general and administrative 3,237,682 1,671,855 8,291,489 2,564,997
Total costs and expenses 20,747,507 2,948,527 50,252,575 7,385,180
Operating loss (6,342,528) (1,483,406) (13,235,822) (5,920,059)
Interest and dividend income 76,843 14,071 299,084 14,071
Other income and expense 30,163 142,921
Interest expense (21) (63,363) (22,841) (74,074)
Net loss $ (6,235,543) $ (1,532,698) $ (12,816,658) $ (5,980,062)
Unaudited pro forma basic and fully diluted loss per share (in dollars per share) $ (0.16) $ (0.07) $ (0.35) $ (0.27)