Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Balance Sheets

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Condensed Consolidated Balance Sheets - USD ($)
Sep. 30, 2018
Dec. 31, 2017
Current assets:    
Cash and cash equivalents $ 3,909,775 $ 8,826,076
Accounts receivable 4,765,965 10,167,044
Inventory 2,456,229 3,699,245
Prepaids 2,563,698 4,363,064
Other assets 741,048 787,846
Total current assets 14,436,715 27,843,275
Property, plant and equipment, net 48,370,089 75,825,539
Total assets 62,806,804 103,668,814
Current liabilities:    
Accounts payable 20,077,456 17,110,691
Accrued expenses 6,819,864 4,820,774
Short-term notes payable 12,320,337 7,047,020
Current portion of capital lease payable 3,518,323 836,855
Total current liabilities 42,735,980 29,815,340
Non-current liabilities:    
Long-term notes payable 591,782 1,172,712
Total non-current liabilities 591,782 1,172,712
Commitment and contingencies
Stockholders' equity    
Preferred stock, $0.001 par value, 50,000,000 shares authorized, 30,000 designated as Series A Convertible Preferred Stock, 10,000 of Series A Preferred issued and outstanding at September 30, 2018 and none issued or outstanding at December 31, 2017 10
Common stock, $0.001 par value, 200,000,000 shares authorized, 75,169,868 issued and 75,148,018 outstanding at September 30, 2018 and 74,599,749 issued and 74,577,899 outstanding at December 31, 2017 75,149 74,578
Additional paid-in capital 155,504,491 144,071,119
Treasury stock, at cost; 21,850 common shares at September 30, 2018 and at December 31, 2017 (57,469) (57,469)
Accumulated deficit (136,043,139) (71,407,466)
Total stockholders' equity 19,479,042 72,680,762
Total liabilities and stockholders' equity $ 62,806,804 $ 103,668,814