Quarterly report pursuant to Section 13 or 15(d)

Segment Reporting (Tables)

v3.7.0.1
Segment Reporting (Tables)
6 Months Ended
Jun. 30, 2017
Segment Reporting [Abstract]  
Schedule of Revenue from Geographically Classified Segments

Summarized financial information is shown in the following tables:

 

    Three Months Ended June 30,     Six Months Ended June 30,  
    2017     2016     2017     2016  
                         
Revenues(1):                                
Latin America   $ 5,434,937     $ 2,337,579     $ 7,997,594     $ 4,171,484  
United States     3,092,722             3,092,722        
Total revenues   $ 8,527,659     $ 2,337,579     $ 11,090,316     $ 4,171,484  
                                 
Gross margin(1,2):                                
Latin America   $ (1,363,853 )   $ (132,459 )   $ (2,173,188 )   $ (534,681 )
United States     (1,630,733 )           (2,113,627 )      
Total gross margin   $ (2,994,586 )   $ (132,459 )   $ (4,286,815 )   $ (534,681 )
                                 
Capital expenditures:                                
Latin America   $ 116,977     $ 1,544,229     $ 150,270     $ 2,706,050  
United States     4,073,083             7,692,269        
Corporate and Other                        
Total capital expenditures   $ 4,190,060     $ 1,544,229     $ 7,842,535     $ 2,706,050  
                                 
Depreciation and amortization:                                
Latin America   $ 1,308,725     $ 1,155,241     $ 2,608,869     $ 2,003,866  
United States     75,669             75,669        
Corporate and Other     38,325       56,719       79,973       112,324  
Total depreciation and amortization   $ 1,422,719     $ 1,211,960     $ 2,764,511     $ 2,116,190  

 

(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.
   
(2) Gross margin is defined as revenues less costs of services. Cost of services excludes research and development expenses and depreciation and amortization expense.