XML 13 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($)
Jun. 30, 2017
Dec. 31, 2016
CURRENT ASSETS:    
Cash and cash equivalents $ 675,184 $ 3,908,177
Accounts receivable, net of allowance for doubtful accounts 11,514,646 8,886,790
Inventories, net 7,686,101 5,402,735
Prepaid expenses and other current assets 1,382,285 1,045,651
Total Current Assets 21,258,216 19,243,353
Property, plant and equipment, net 101,658,434 101,493,080
Deposits on equipment 3,583,799 3,620,444
Other assets 2,239,533 2,094,339
Total Assets 128,739,982 126,451,216
CURRENT LIABILITIES:    
Accounts payable 7,579,513 6,884,155
Accrued expenses 5,073,975 4,531,139
Accrued warrants 632,072 253,391
Borrowings under Credit Facilities 7,500,000 7,000,000
Total Current Liabilities 20,785,560 18,668,685
Total Liabilities 20,785,560 18,668,685
STOCKHOLDERS' EQUITY:    
Common stock — voting, $0.001 par value, 200,000,000 shares authorized, 34,513,231 and 33,961,650 issued and outstanding on June 30, 2017 and December 31, 2016, respectively 34,513 33,961
Additional paid-in capital 305,180,732 299,477,706
Accumulated deficit (197,260,823) (191,729,136)
Total Stockholders' Equity 107,954,422 107,782,531
Total Liabilities and Stockholders' Equity $ 128,739,982 $ 126,451,216