XML 15 R4.htm IDEA: XBRL DOCUMENT v3.5.0.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Revenue        
Services Revenue $ 8,006,098 $ 3,315,290 $ 15,494,337 $ 6,351,109
Cost of sales:        
Cost of sales and services 4,748,633 2,051,415 9,218,531 3,884,473
Depreciation 810,259 396,807 1,567,348 778,383
Total cost of sales and services 5,558,892 2,448,222 10,785,879 4,662,856
Gross Profit 2,447,206 867,068 4,708,458 1,688,253
Expenses:        
Bad debt expense 10,969 0 55,558 2,738
Compensation and related expense 2,765,821 6,350,937 6,996,589 8,380,405
Depreciation and amortization 990,478 728,913 1,938,492 1,454,525
Impairment Expense 1,255,269 0 1,255,269 0
Selling, general and administrative 1,590,824 767,673 3,784,698 1,353,850
Total Expenses 6,613,361 7,847,523 14,030,606 11,191,518
Other Income (Expenses):        
Miscellaneous (expense) income (4,436) 16,926 2,264 18,023
Loss on disposal of assets 4,504 6,250 3,053 6,250
Unrealized gain (loss) on interest rate swap 0 7,303 0 (10,374)
Unrealized gain on change in fair value of derivative liability (60,000) 0 120,000 0
Loss from proportionate share of equity method investment 0 0 (2,105) 0
Gain on contingent liability 1,000,000 0 1,000,000 0
Interest income 4,287 0 6,426 0
Interest expense (1,146,841) (221,209) (2,379,590) (411,285)
Total Other Expenses (202,486) (190,730) (1,249,952) (376,638)
Net Loss $ (4,368,641) $ (7,171,185) $ (10,572,100) $ (9,879,903)
Basic Net Loss Per Share $ (0.17) $ (0.56) $ (.45) $ (0.83)
Weighted Average Number of Shares Outstanding (Basic and Diluted) 25,137,450 12,883,855 23,405,701 11,872,759