XML 15 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
CONDENSED CONSOLIDATED BALANCE SHEETS (unaudited) - USD ($)
Jun. 30, 2017
Dec. 31, 2016
CURRENT ASSETS    
Cash and cash equivalents [2] $ 8,549,290 [1] $ 29,238,618 [3]
Accounts receivable, net 30,414,421 [1] 21,169,579 [3]
Receivables from related parties 45,686,985 [1] 27,589,283 [3]
Inventories 10,316,700 [1] 6,124,201 [3]
Prepaid expenses 3,647,227 [1] 4,425,872 [3]
Other current assets 341,555 [1] 391,599 [3]
Total current assets 98,956,178 [1] 88,939,152 [3]
Property, plant and equipment, net 327,080,164 [1] 242,119,663 [3]
Sand reserves 75,892,824 [1] 55,367,295 [3]
Intangible assets, net 20,604,329 21,566,829
Goodwill 99,562,761 [1] 88,726,875 [3]
Other non-current assets 4,821,319 [1] 5,642,661 [3]
Total assets 626,917,575 [1] 502,362,475 [3]
CURRENT LIABILITIES    
Accounts payable 53,864,660 [1] 20,469,542 [3]
Payables to related parties 120,183 [1] 203,209 [3]
Accrued expenses and other current liabilities 10,190,094 [1] 8,546,198 [3]
Income taxes payable 0 [1] 28,156 [3]
Total current liabilities 64,174,937 [1] 29,247,105 [3]
Long-term debt 65,000,000 [1] 0 [3]
Deferred income taxes 52,307,148 [1] 47,670,789 [3]
Asset retirement obligation 2,006,294 [1] 259,804 [3]
Other liabilities 3,018,937 [1] 2,404,422 [3]
Total liabilities 186,507,316 [1] 79,582,120 [3]
COMMITMENTS AND CONTINGENCIES (Note 14) [1] [3]
EQUITY    
Common stock 445,000 [1] 375,000 [3]
Additional paid in capital 505,245,742 [1] 400,205,921 [3]
Member's equity 0 [1] 81,738,675 [3]
Accumulated deficit (62,473,672) [1] (56,322,878) [3]
Accumulated other comprehensive loss (2,806,811) [1] (3,216,363) [3]
Total equity 440,410,259 [1] 422,780,355 [3]
Total liabilities and equity 626,917,575 [1] 502,362,475 [3]
Trade names    
CURRENT ASSETS    
Intangible assets, net 6,641,557 [1] 5,617,057 [3]
Customer relationships    
CURRENT ASSETS    
Intangible assets, net $ 13,962,772 [1] $ 15,949,772 [3]
[1] Financial information includes the financial position and results attributable to Sturgeon Acquisitions LLC ("Sturgeon") for the entire period presented. See Note 3.
[2] Financial information includes the financial position and results attributable to Sturgeon for the entire period presented. See Note 3.
[3] Financial information has been recast to include the financial position and results attributable to Sturgeon. See Note 3.