Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Operations (Unaudited)

v3.8.0.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Revenues, net of discounts $ 85,145 $ 5,086
Cost of revenues 73,654 2,678
Gross Profit 11,491 2,408
Operating Expenses    
Compensation expense 5,638 1,187
Selling, general and administrative expenses 4,199 974
Amortization of intangible assets 938
Travel expense 268 100
Occupancy costs 172 113
Transaction expenses 93 11
Loss on sale of asset 33
Total operating expenses 11,341 2,385
Operating income 150 23
Other (expense) income    
Interest (expense) income (913) (734)
Amortization of deferred financing costs and debt discount (5,912) (397)
Change in warrant fair market valuation (2,200)
Other income (expense) (597) (99)
Extinguishment loss (322)
Financing costs (2,002) (563)
Total other (expense) income (9,746) (3,993)
(Loss) income before provision for income taxes (9,596) (3,970)
Provision for income taxes 568
Net (loss) income (10,164) (3,970)
Preferred stock dividends (20) (20)
Net (loss) income attributable to common shareholders $ (10,184) $ (3,990)
(Loss) per common share:    
Basic and diluted $ (2.09) $ (1.09)
Weighted average number of common shares outstanding    
Basic and diluted 4,876,131 3,677,617
Predecessor [Member]    
Revenues, net of discounts   $ 39,919
Cost of revenues   32,308
Gross Profit   7,611
Operating Expenses    
Compensation expense   4,757
Selling, general and administrative expenses   1,883
Amortization of intangible assets  
Travel expense   92
Occupancy costs   112
Transaction expenses  
Loss on sale of asset  
Total operating expenses   6,844
Operating income   767
Other (expense) income    
Interest (expense) income   4
Amortization of deferred financing costs and debt discount  
Change in warrant fair market valuation  
Other income (expense)   32
Extinguishment loss  
Financing costs  
Total other (expense) income   36
(Loss) income before provision for income taxes   803
Provision for income taxes   17
Net (loss) income   786
Preferred stock dividends  
Net (loss) income attributable to common shareholders   $ 786