Income Statement

v3.7.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2017
Jun. 30, 2016
Income Statement [Abstract]        
Service Revenue $ 14,220,423 $ 8,006,098 $ 25,125,490 $ 15,494,337
Cost and expenses:        
Operating 11,370,740 5,200,644 18,358,126 10,122,554
Bad debt expense 158,886 10,969 337,374 55,558
Depreciation and amortization 4,392,825 1,800,737 7,391,591 3,505,840
Accretion Expense 112,805 169,206
Impairment expense 221,146 1,255,269 221,146 1,255,269
Selling, general and administrative 3,167,699 3,904,634 7,227,845 9,891,297
Total cost and expenses 19,424,101 12,172,253 33,705,288 24,830,518
Other income (expenses):        
Miscellaneous income 25,098 (4,436) 70,243 159
Gain on disposal of assets 4,504 841 3,053
Unrealized gain (loss) on change in fair value of derivative liability (60,000) (554,112) 120,000
Gain on extinguishment of derivative instrument 2,654,821
Unrealized loss on investment (2,324) (8,179)
Gain on contingent liability 1,000,000 1,000,000
Interest income 454 4,287 10,136 6,426
Interest expense (2,229,125) (1,146,841) (3,924,604) (2,379,590)
Total other expenses (2,205,897) (202,486) (1,750,854) (1,249,952)
Loss before income taxes (7,409,575) (4,368,641) (10,330,652) (10,586,133)
Provision for income taxes (122,905) (224,518)
Net loss (7,532,480) (4,368,641) (10,555,170) (10,586,133)
Net loss attributable to noncontrolling interest 42,588 74,748
Net loss attributable to common stockholders of Meridian Waste Solutions, Inc. $ (7,575,068) $ (4,368,641) (10,629,918) (10,586,133)
Deemed dividend related to beneficial conversion feature and accretion of a discount on Series C Preferred Stock     (2,115,317)
Net loss attributable to common stockholders     $ (12,745,235) $ (10,586,133)
Basic net loss per share $ (0.94) $ (3.48) $ (1.78) $ (9.05)
Weighted average number of shares outstanding (Basic and Diluted) 8,042,278 1,256,873 7,152,129 1,170,285

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