Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS

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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2016
Dec. 31, 2015
Current assets    
Cash and equivalents $ 27,038 $ 14,574
Restricted cash 0 569
Accounts receivable, net of allowance for doubtful accounts of $53 and $121 1,909 1,714
Inventories 1,329 1,125
Prepaid expenses 2,809 2,800
Acquisition deposit 0 2,500
Total current assets 33,085 23,282
Property and equipment, net 111,465 98,982
Other long-term assets    
Goodwill 21,286 16,480
Intangible assets, net 10,966 2,127
Deposits 404 541
Deferred tax asset 42 55
Total other long-term assets 32,698 19,203
Total assets 177,248 141,467
Current liabilities    
Accounts payable 4,910 4,272
Accrued payroll and related 3,126 1,773
Other accrued expenses 7,996 4,756
Current portion of long-term debt 1,688 6,000
Current portion of capital lease obligation 419 665
Deferred tax liability 723 981
Total current liabilities 18,862 18,447
Common stock warrant liability 1,117 0
Long-term debt, net of current portion 94,246 60,642
Capital lease obligation, net of current portion 5,318 5,505
Deferred tax liability 1,226 350
Total liabilities 120,769 84,944
Commitments and contingencies (Notes 8 and 12)
Stockholders’ equity    
Common stock, $0.0001 par value, 100,000,000 shares authorized; 24,221,558 and 20,325,991shares issued; 22,864,963 and 18,969,396 shares outstanding 2 2
Additional paid-in capital 51,271 46,221
Treasury stock, 1,356,595 common shares (1,654) (1,654)
Retained earnings 6,860 11,954
Total stockholders' equity 56,479 56,523
Total liabilities and stockholders' equity $ 177,248 $ 141,467