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 |