Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited)

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2016
Jun. 30, 2015
Condensed Consolidated Statements Of Operations        
Revenues $ 9,392,209 $ 2,696,685 $ 12,765,520 $ 2,940,029
Costs and expenses:        
Cost of sales 7,304,197 2,334,219 9,791,816 2,840,962
Selling, general and administrative expenses 1,667,827 1,052,691 2,837,985 2,035,423
Total costs and expenses 8,972,024 3,386,910 12,629,801 4,876,385
Operating income (loss) 420,185 (690,225) 135,719 (1,936,356)
Other (expense) income        
Interest expense (1,032,949) (936,116) (3,106,093) (4,358,472)
Letter of credit fees (60,666) (103,333)
Change in value of warrant liability (7,566,000) 3,195,279 (4,256,600) 1,316,729
Debt conversion costs (961,843) (961,843)
State income taxes (3,383) (7,730) (4,211) (28,225)
Total other (expense) income (8,662,998) 1,289,590 (7,470,237) (4,031,811)
Net (loss) income $ (8,242,813) $ 599,365 $ (7,334,518) $ (5,968,167)
Net (loss) income per common share - basic and diluted $ (0.17) $ 0.01 $ (0.15) $ (0.15)
Weighted average common shares outstanding 47,358,618 41,322,566 47,358,618 41,124,352