Quarterly report pursuant to Section 13 or 15(d)

Acquisitions (Tables)

v3.7.0.1
Acquisitions (Tables)
6 Months Ended
Jun. 30, 2017
Business Acquisition [Line Items]  
Schedule of the aggregate purchase price consisted
Cash consideration   $ 3,933,000  
Debt assumed - as consideration     34,100,000  
Restricted stock consideration     1,251,000  
Total   $ 39,284,000  
CFS Group [Member]  
Business Acquisition [Line Items]  
Schedule of estimated fair value and subsidiary, assets acquired and liabilities assumed
Accounts receivable     2,793,000  
Prepaid expenses and other current assets     845,000  
Property, plant and equipment     14,179,000  
Trade names and trademarks     210,000  
Landfill permits     31,766,000  
Customer relationships     2,500,000  
Accounts payable and accrued liabilities     (2,654,000 )
Capital leases payable     (6,896,000 )
Mortgage payable     (1,429,000 )
Asset retirement obligations     (7,904,000 )
Non-controlling interest     (140,000 )
Goodwill     6,014,000  
Total   $ 39,284,000
Schedule of unaudited pro forma consolidated results of operations
    Six Months Ended
June 30,
2016
    Six Months Ended
June 30,
2017
 
             
Total Revenue   $ 25,885,000     $ 27,990,000  
Net Loss   $ (14,786,000 )   $ (10,904,000 )
Basic Net Loss Per Share   $ (12.63 )   $ (2.53 )
Schedule of assets resulting measurement period adjustments
Landfill assets increased   $ 4,200,000     to   $ 31,766,000  
Customer relationships increased   $ 1,940,000     to   $ 2,500,000  
Trade names and trademarks decreased   $ (570,000 )   to   $ 210,000  
Non-controlling interest increased   $ (69,000 )   to   $ 140,000  
Goodwill decreased   $ (5,640,000 )   to   $ 6,014,000  
Purchase price – restricted stock decreased   $ 139,000     to   $ 39,284,000  
Mobile Science Technologies, Inc. [Member]  
Business Acquisition [Line Items]  
Schedule of unaudited pro forma consolidated results of operations
    Prior to Acquisition     Net Effect of Acquisition     Post-Acquisition  
Total Sales   $ 15,494,337     $ 0     $ 15,494,337  
Net Loss   $ 10,572,100     $ 14,033     $ 10,586,133  

 

    Prior to Acquisition     Net Effect of Acquisition     Post-Acquisition  
Total Assets   $ 49,201,572     $ (2,940 )   $ 49,198,632  
                         
Total Equity     (10,319,514 )   $ (9,766 )   $ (10,329,280 )