XML 57 R4.htm IDEA: XBRL DOCUMENT v2.4.0.8
CONSOLIDATED STATEMENTS OF OPERATIONS (UNAUDITED) (USD $)
3 Months Ended 6 Months Ended
Jun. 30, 2014
Jun. 30, 2013
Jun. 30, 2014
Jun. 30, 2013
Income Statement [Abstract]        
Revenue $ 42,514,265 $ 402,014 $ 80,674,315 $ 715,502
Cost of revenue 39,005,550 108,628 73,833,185 148,321
Gross profit 3,508,715 293,386 6,841,130 567,181
Operating expenses:        
Selling, general and administrative 3,491,507 2,398,731 6,485,215 4,657,533
Depreciation and amortization 953,499 14,813 1,905,162 29,793
Total operating expenses 4,445,006 2,413,544 8,390,377 4,687,326
Operating loss (936,291) (2,120,158) (1,549,247) (4,120,145)
Other expense:        
Interest expense (890,453) (292,220) (1,765,920) (600,634)
Financing cost for senior secured convertible notes - related parties 0   0 (1,465,000)
Total other expense, net (890,453) (292,220) (1,765,920) (2,065,634)
Loss before taxes and equity income (1,826,744) (2,412,378) (3,315,167) (6,185,779)
Equity in Quest Resource Management Group, LLC income 0 103,155 0 578,951
Loss before taxes (1,826,744) (2,309,223) (3,315,167) (5,606,828)
Income tax expense 0   0  
Net loss (1,826,744) (2,309,223) (3,315,167) (5,606,828)
Net loss applicable to common stockholders $ (1,826,744) $ (2,309,223) $ (3,315,167) $ (5,606,828)
Net loss per share        
Basic and diluted $ (0.02) $ (0.04) $ (0.03) $ (0.09)
Weighted average number of common shares outstanding        
Basic and diluted 96,649,466 65,338,152 96,237,784 61,670,008