v3.8.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2017
Sep. 30, 2016
Sep. 30, 2017
Sep. 30, 2016
Revenue        
Services $ 14,840,850 $ 8,389,326 $ 39,953,055 $ 23,883,663
Cost and expenses:        
Operating 10,358,011 5,372,817 28,716,137 15,171,532
Bad debt expense   112,950 324,089 168,508
Depreciation and amortization 4,313,607 1,833,079 11,705,198 5,338,919
Accretion expense 133,887 303,093
Impairment expense 221,146 1,255,267
Selling, general and administrative 3,978,771 4,160,280 11,206,616 14,375,418
Total cost and expenses 18,784,276 11,479,126 52,476,279 36,309,644
Other income (expenses):        
Miscellaneous income (expense) 543 (11,354) 70,786 (11,195)
Gain on disposal of assets     841 3,053
Unrealized gain (loss) on change in fair value of derivative liability 733,031 (554,112) 853,031
Gain on extinguishment of derivative instrument 2,654,821
Unrealized gain (loss) on investment   547 (8,179) 547
Gain on contingent liability     1,000,000
Interest income 2,130 844 12,266 7,270
Interest expense (2,669,778) (1,224,217) (6,594,382) (3,603,807)
Total other expense (2,667,105) (501,149) (4,417,959) (1,751,101)
Loss before income taxes (6,610,531) (3,590,949) (16,941,183) (14,177,082)
Provision for income taxes (145,000) (224,518) (145,000)
Net loss (6,610,531) (3,735,949) (17,165,701) (14,322,082)
Net income attributable to noncontrolling interest 46,054 120,802
Net loss attributable to Meridian Waste Solutions, Inc (6,656,585) (3,735,949) (17,286,503) (14,322,082)
Deemed dividend related to beneficial conversion feature and accretion of a discount on Series C Preferred Stock     (2,115,317)
Stock dividend related to Series C Preferred Stock (135,072) (135,072)
Deemed dividend related to issuance of Series D Preferred Stock (531,692) (531,692)
Stock dividend related to issuance of Series D Preferred Stock (106,874) (106,874)
Net loss attributable to common shareholders $ (7,430,223) $ (3,735,949) $ (20,175,458) $ (14,322,082)
Basic net loss per share $ (0.71) $ (2.96) $ (2.44) $ (11.92)
Weighted average number of shares outstanding (Basic and Diluted) 10,503,986 1,261,085 8,274,316 1,201,394

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