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CONSOLIDATED BALANCE SHEETS - USD ($)
Dec. 31, 2015
Dec. 31, 2014
Current assets    
Cash and cash equivalents $ 765,364 $ 6,017,076
Accounts receivable, net 6,315,414 9,936,948
Current portion of notes receivable, net 0 3,150,000
Inventory 3,548,311 12,620,616
Prepaid expenses 1,367,442 1,245,307
Costs in excess of billings 0 779,285
Assets being held for sale 11,170,243 0
Total current assets 23,166,774 33,749,232
Non-current assets    
Fixed assets 60,846,824 59,919,721
Less accumulated depreciation (7,818,217) (3,758,373)
Net fixed assets 53,028,607 56,161,348
Note receivable 0 8,308,000
Intangible assets, net 16,967,985 18,512,960
Goodwill 0 4,922,353
Deferred financing cost, net 1,693,872 2,191,888
Deferred tax assets 0 9,495,000
Other assets 481,450 481,450
Total non-current assets 72,171,914 100,072,999
TOTAL ASSETS 95,338,688 133,822,231
Current liabilities    
Accounts payable and accrued expenses 13,244,388 21,984,136
Dividends payable 376,571 0
Capital leases 186,948 172,654
Current portion of long-term debt 19,483,363 40,136,584
Revolving note 1,744,122 0
Deferred revenue 323,891 463,210
Total current liabilities 35,359,283 62,756,584
Long-term liabilities    
Long-term debt 5,539,659 2,187,675
Derivative liability 1,548,604 0
Contingent consideration 0 6,069,000
Deferred federal income tax 0 4,189,000
Total liabilities $ 42,447,546 $ 75,202,259
Commitments and contingencies
TEMPORARY EQUITY    
Series B preferred shares, $0.001 par value per share; 10,000,000 shares authorized, 8,160,809 and 0 shares issued and outstanding at December 31, 2015 and 2014, respectively with liquidation preference of $25,298,508 at December 31, 2015 $ 11,955,207 $ 0
EQUITY    
Preferred stock, 50,000,000 shares authorized, Series A Convertible Preferred stock, $0.001 par value, 5,000,000 authorized and 612,943 and 630,419 shares issued and outstanding at December 31, 2015 and December 31, 2014, respectively, with a liquidation preference of $913,285 and $939,324 at December 2015 and December 2014, respectively 613 630
Common stock, $0.001 par value per share; 750,000,000 shares authorized; 28,239,276 and 28,108,105 issued and outstanding at December 31, 2015 and 2014, respectively 28,239 28,109
Additional paid-in capital 53,014,054 46,595,472
Retained earnings (accumulated deficit) (12,106,971) 11,995,761
Total stockholders' equity 40,935,935 58,619,972
TOTAL LIABILITIES, TEMPORARY EQUITY AND EQUITY $ 95,338,688 $ 133,822,231