Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

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Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Revenues [1] $ 8,527,659 $ 2,337,579 $ 11,090,316 $ 4,171,484
Operating cost and expenses:        
Cost of services 11,522,245 2,470,038 15,377,131 4,706,165
Selling, general, and administrative expenses 2,048,305 1,579,808 3,490,709 3,153,072
Research and development 116,638 106,359 203,792 274,815
Depreciation and amortization expense 1,422,719 1,211,960 2,764,511 2,116,190
Total operating costs and expenses 15,109,907 5,368,165 21,836,143 10,250,242
Operating loss (6,582,248) (3,030,586) (10,745,827) (6,078,758)
Other income (expense):        
Interest expense (116,157) (937,216) (1,706,615) (2,131,927)
Interest forgiven 634,477 634,477
Other income (expense) (83,906) 376,734 7,846 (172,434)
Total other expense 434,414 (560,482) (1,064,292) (2,304,361)
Benefit (provision) for income taxes (72,237) 633,260 (144,473)
Net loss $ (6,147,834) $ (3,663,305) $ (11,176,859) $ (8,527,592)
Basic and diluted loss per share $ (0.31) $ (0.27) $ (0.64) $ (0.63)
Weighted average number of common shares outstanding – basic and diluted 19,937,375 13,579,848 17,396,511 13,579,889
[1] U.S. activity began in February 2017 with set-up activity being incurred. The Company began recognizing revenue in late May 2017. Intersegment transactions included in revenues were not significant for any of the periods presented.