Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY

v3.7.0.1
CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITY - USD ($)
Total
Common stock
Additional paid-in capital
Accumulated deficit
Accumulated other comprehensive loss
Total stockholders’ equity
Noncontrolling interest
Beginning balance (in shares) at Dec. 31, 2014   24,940,195          
Beginning balance at Dec. 31, 2014 $ 12,472,697 $ 2,494 $ 30,966,611 $ (18,005,401) $ (230,696) $ 12,733,008 $ (260,311)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of stock-based compensation (in shares)   32,320          
Issuance of stock-based compensation 811,658 $ 3 811,655     811,658  
Member distributions (590,913)           (590,913)
Loss on foreign currency translation (189,687)       (189,687) (189,687)  
Issuance of detachable warrants 0            
Net income $ 7,101,219     6,930,693   6,930,693 170,526
Ending balance (in shares) at Dec. 31, 2015 24,972,515 24,972,515          
Ending balance at Dec. 31, 2015 $ 19,604,974 $ 2,497 31,778,266 (11,074,708) (420,383) 20,285,672 (680,698)
Increase (Decrease) in Stockholders' Equity [Roll Forward]              
Issuance of stock-based compensation (in shares)   61,068          
Issuance of stock-based compensation 837,995 $ 6 837,989     837,995  
Member distributions (252,985)           (252,985)
Loss on foreign currency translation (1,123,568)       (1,123,568) (1,123,568)  
Cancellation of shares upon expiration of warrants (in shares)   (1,437,500)          
Cancellation of shares upon expiration of warrants 0 $ (143) 143        
Rights Offering (in shares)   1,454,545          
Rights Offering 3,862,990 $ 145 3,862,845     3,862,990  
Issuance of detachable warrants 905,000   905,000     905,000  
Net income $ (16,455,869)     (16,688,486)   (16,688,486) 232,617
Ending balance (in shares) at Dec. 31, 2016 25,050,628 25,050,628          
Ending balance at Dec. 31, 2016 $ 7,378,537 $ 2,505 $ 37,384,243 $ (27,763,194) $ (1,543,951) $ 8,079,603 $ (701,066)