Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

v3.7.0.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current assets:    
Cash and cash equivalents $ 3,927,079 $ 1,731,364
Accounts receivable 5,735,830 2,865,707
Inventory 2,925,661 2,047,163
Prepaids and other assets 4,218,768 1,950,539
Total current assets 16,807,338 8,594,773
Property, plant and equipment, net 45,009,376 38,382,391
Other non-current assets 488,633 325,756
Total assets 62,305,347 47,302,920
Current liabilities:    
Accounts payable 11,288,360 2,453,551
Accrued expenses 3,754,834 4,503,180
Short-term notes payable 387,029 2,000,000
Current portion of capital lease payable 846,044 789,166
Total current liabilities 16,276,267 9,745,897
Non-current liabilities:    
Long-term notes payable 21,737,404
Long-term capital lease payable 364,035 766,687
Total non-current liabilities 364,035 22,504,091
Commitment and contingencies
Stockholders’ equity    
Common stock, $0.001 par value, 200,000,000 shares authorized, 44,805,225 issued and 44,783,375 outstanding at June 30, 2017 and 14,485,937 issued and 14,464,087 outstanding at December 31, 2016 44,805 14,485
Additional paid-in capital 101,315,157 59,556,505
Treasury stock, at cost; 21,850 common shares at June 30, 2017 and at December 31, 2016 (57,469) (57,469)
Accumulated deficit (55,637,448) (44,460,589)
Total stockholders’ equity 45,665,045 15,052,932
Total liabilities and stockholders’ equity $ 62,305,347 $ 47,302,920