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Condensed Consolidated Balance Sheets (Current Period Unaudited) - USD ($)
Jun. 30, 2017
Dec. 31, 2016
Current Assets    
Cash and cash equivalents $ 620,635 $ 620,764
Accounts receivable, net 3,950,781 4,814,276
Prepaid expenses and other current assets 783,979 970,802
Inventories 410,017 407,379
Income tax receivable 223,847
Total current assets 5,765,412 7,037,068
Property and Equipment, net 32,270,514 34,617,961
Deferred Tax Asset, net 547,248
Other Assets 506,091 714,967
TOTAL ASSETS 39,089,265 42,369,996
Current Liabilities    
Accounts payable and accrued liabilities 3,300,089 3,682,599
Current portion of long-term debt 176,403 318,499
Total current liabilities 3,476,492 4,001,098
Long-Term Liabilities    
Senior revolving credit facility 20,445,049 23,180,514
Subordinated debt 2,198,463
Long-term debt, less current portion 278,412 304,373
Deferred income taxes, net 468,565
Warrant liability 306,648
Total long-term liabilities 23,228,572 23,953,452
Total liabilities 26,705,064 27,954,550
Commitments and Contingencies (Note 9)
Stockholders' Equity    
Preferred stock, $.005 par value, 10,000,000 shares authorized, no shares issued or outstanding
Common stock, $.005 par value, 100,000,000 shares authorized, 51,171,260 and 51,171,260 shares issued, respectively; 103,600 shares of treasury stock; and 51,067,660 and 51,067,660 shares outstanding, respectively 255,337 255,337
Additional paid-in capital 19,313,457 18,867,702
Accumulated deficit (7,184,593) (4,707,593)
Total stockholders' equity 12,384,201 14,415,446
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY $ 39,089,265 $ 42,369,996