10-Q Filing
Filing Information
| Form Type | 10-Q |
| Accession Number | 0001558370-17-004772 |
| Period End Date | 20170331 |
| Filing Date | 20170612 |
| Fiscal Year | 2017 |
| Fiscal Period | Q1 |
| XBRL Instance | soi-20170331.xml |
Filing Contents
This filing contains the following financial statements:
Balance Sheet
51 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$3.57M | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$6.92M | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$1.78M | USD | Point-in-time |
| Cash |
CashAndCashEquivalentsAtCarryingValue
|
$3.38M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$4.51M | USD | Point-in-time |
| Accounts receivable, net |
AccountsReceivableNetCurrent
|
$5.52M | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$403.00K | USD | Point-in-time |
| Prepaid expenses and other current assets |
PrepaidExpenseAndOtherAssetsCurrent
|
$2.91M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$1.36M | USD | Point-in-time |
| Inventories |
InventoryNet
|
$1.82M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$9.85M | USD | Point-in-time |
| Total current assets |
AssetsCurrent
|
$12.03M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$54.35M | USD | Point-in-time |
| Property, plant and equipment, net |
PropertyPlantAndEquipmentNet
|
$60.96M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$13.00M | USD | Point-in-time |
| Goodwill |
Goodwill
|
$13.00M | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$42.00K | USD | Point-in-time |
| Intangible assets, net |
IntangibleAssetsNetExcludingGoodwill
|
$36.00K | USD | Point-in-time |
| Other assets |
OtherAssetsNoncurrent
|
$1.06M | USD | Point-in-time |
| Total assets |
Assets
|
$77.24M | USD | Point-in-time |
| Total assets |
Assets
|
$87.09M | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$705.00K | USD | Point-in-time |
| Accounts payable |
AccountsPayableCurrent
|
$2.16M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$2.14M | USD | Point-in-time |
| Accrued liabilities |
AccruedLiabilitiesCurrent
|
$2.55M | USD | Point-in-time |
| Current portion of capital lease obligations |
CapitalLeaseObligationsCurrent
|
$26.00K | USD | Point-in-time |
| Current portion of capital lease obligations |
CapitalLeaseObligationsCurrent
|
$26.00K | USD | Point-in-time |
| Current portion of notes payable |
NotesPayableCurrent
|
$212.00K | USD | Point-in-time |
| Current portion of notes payable |
NotesPayableCurrent
|
$169.00K | USD | Point-in-time |
| Current portion of senior secured credit facility |
LinesOfCreditCurrent
|
$31.00K | USD | Point-in-time |
| Current portion of senior secured credit facility |
LinesOfCreditCurrent
|
$125.00K | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$5.08M | USD | Point-in-time |
| Total current liabilities |
LiabilitiesCurrent
|
$3.08M | USD | Point-in-time |
| Capital lease obligations, net of current portion |
CapitalLeaseObligationsNoncurrent
|
$206.00K | USD | Point-in-time |
| Capital lease obligations, net of current portion |
CapitalLeaseObligationsNoncurrent
|
$213.00K | USD | Point-in-time |
| Notes payable, net of current portion |
LongTermNotesPayable
|
$354.00K | USD | Point-in-time |
| Notes payable, net of current portion |
LongTermNotesPayable
|
$282.00K | USD | Point-in-time |
| Senior secured credit facility, net of current portion |
LongTermLineOfCredit
|
$2.24M | USD | Point-in-time |
| Senior secured credit facility, net of current portion |
LongTermLineOfCredit
|
$2.32M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$5.89M | USD | Point-in-time |
| Total liabilities |
Liabilities
|
$7.88M | USD | Point-in-time |
| Commitments and contingencies (Note 11) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Commitments and contingencies (Note 11) |
CommitmentsAndContingencies
|
- | USD | Point-in-time |
| Members equity |
MembersCapital
|
$72.35M | USD | Point-in-time |
| Members equity |
MembersCapital
|
$69.27M | USD | Point-in-time |
| Accumulated earnings |
RetainedEarningsAccumulatedDeficit
|
$6.86M | USD | Point-in-time |
| Accumulated earnings |
RetainedEarningsAccumulatedDeficit
|
$2.08M | USD | Point-in-time |
| Total members equity |
MembersEquity
|
$71.35M | USD | Point-in-time |
| Total members equity |
MembersEquity
|
$79.21M | USD | Point-in-time |
| Total liabilities and members equity |
LiabilitiesAndStockholdersEquity
|
$87.09M | USD | Point-in-time |
| Total liabilities and members equity |
LiabilitiesAndStockholdersEquity
|
$77.24M | USD | Point-in-time |
Income Statement
38 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Depreciation and amortization - Proppant system rental |
DepreciationAndAmortizationProppantSystemRental
|
$760.00K | USD | 1 Quarter |
| Proppant system rental |
OperatingLeasesIncomeStatementLeaseRevenue
|
$8.40M | USD | 1 Quarter |
| Proppant system rental |
OperatingLeasesIncomeStatementLeaseRevenue
|
$2.50M | USD | 1 Quarter |
| Depreciation and amortization - Proppant system rental |
DepreciationAndAmortizationProppantSystemRental
|
$1.03M | USD | 1 Quarter |
| Depreciation and amortization - Proppant system services |
DepreciationAndAmortizationProppantSystemServices
|
$63.00K | USD | 1 Quarter |
| Proppant system services |
SalesRevenueServicesNet
|
$1.92M | USD | 1 Quarter |
| Depreciation and amortization - Proppant system services |
DepreciationAndAmortizationProppantSystemServices
|
$34.00K | USD | 1 Quarter |
| Proppant system services |
SalesRevenueServicesNet
|
$640.00K | USD | 1 Quarter |
| Total revenue |
Revenues
|
$10.32M | USD | 1 Quarter |
| Depreciation and amortization - Selling, general and administrative |
DepreciationAndAmortizationSellingGeneralAndAdministrative
|
$75.00K | USD | 1 Quarter |
| Depreciation and amortization - Selling, general and administrative |
DepreciationAndAmortizationSellingGeneralAndAdministrative
|
$72.00K | USD | 1 Quarter |
| Total revenue |
Revenues
|
$3.14M | USD | 1 Quarter |
| Cost of proppant system rental (excluding $1,029 and $760 of depreciation and amortization for the three months ended March 31, 2017 and 2016, respectively, shown separately) |
CostOfRentalExcludingDepreciationDepletionAndAmortization
|
$337.00K | USD | 1 Quarter |
| Cost of proppant system rental (excluding $1,029 and $760 of depreciation and amortization for the three months ended March 31, 2017 and 2016, respectively, shown separately) |
CostOfRentalExcludingDepreciationDepletionAndAmortization
|
$350.00K | USD | 1 Quarter |
| Cost of proppant system services (excluding $63 and $34 of depreciation and amortization for the three months ended March 31, 2017 and 2016, respectively, shown separately) |
CostOfServicesExcludingDepreciationDepletionAndAmortization
|
$2.07M | USD | 1 Quarter |
| Cost of proppant system services (excluding $63 and $34 of depreciation and amortization for the three months ended March 31, 2017 and 2016, respectively, shown separately) |
CostOfServicesExcludingDepreciationDepletionAndAmortization
|
$765.00K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$1.16M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$869.00K | USD | 1 Quarter |
| Salaries, benefits and payroll taxes |
LaborAndRelatedExpense
|
$1.01M | USD | 1 Quarter |
| Salaries, benefits and payroll taxes |
LaborAndRelatedExpense
|
$747.00K | USD | 1 Quarter |
| Selling, general and administrative (excluding $72 and $75 of depreciation and amortization for the three months ended March 31, 2017 and 2016, respectively, shown separately) |
SellingGeneralAndAdministrativeExpense
|
$552.00K | USD | 1 Quarter |
| Selling, general and administrative (excluding $72 and $75 of depreciation and amortization for the three months ended March 31, 2017 and 2016, respectively, shown separately) |
SellingGeneralAndAdministrativeExpense
|
$877.00K | USD | 1 Quarter |
| Total operating cost and expenses |
CostsAndExpenses
|
$3.27M | USD | 1 Quarter |
| Total operating cost and expenses |
CostsAndExpenses
|
$5.47M | USD | 1 Quarter |
| Operating income (loss) |
OperatingIncomeLoss
|
$-126.00K | USD | 1 Quarter |
| Operating income (loss) |
OperatingIncomeLoss
|
$4.85M | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$22.00K | USD | 1 Quarter |
| Interest expense |
InterestExpense
|
$8.00K | USD | 1 Quarter |
| Other income (expense) |
OtherNonoperatingIncomeExpense
|
$12.00K | USD | 1 Quarter |
| Other income (expense) |
OtherNonoperatingIncomeExpense
|
$-25.00K | USD | 1 Quarter |
| Total other income (expense) |
TotalOtherIncomeExpenseNet
|
$-47.00K | USD | 1 Quarter |
| Total other income (expense) |
TotalOtherIncomeExpenseNet
|
$4.00K | USD | 1 Quarter |
| Income (loss) before income tax expense |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$-122.00K | USD | 1 Quarter |
| Income (loss) before income tax expense |
IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
|
$4.80M | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$5.00K | USD | 1 Quarter |
| Income tax expense |
IncomeTaxExpenseBenefit
|
$22.00K | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLoss
|
$4.78M | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLoss
|
$-127.00K | USD | 1 Quarter |
Cash Flow Statement
50 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Net income (loss) |
NetIncomeLoss
|
$4.78M | USD | 1 Quarter |
| Net income (loss) |
NetIncomeLoss
|
$-127.00K | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$1.16M | USD | 1 Quarter |
| Depreciation and amortization |
DepreciationAndAmortization
|
$869.00K | USD | 1 Quarter |
| Loss on disposal of asset |
GainLossOnDispositionOfAssets1
|
$-25.00K | USD | 1 Quarter |
| Unit-based compensation |
ShareBasedCompensation
|
$32.00K | USD | 1 Quarter |
| Unit-based compensation |
ShareBasedCompensation
|
$36.00K | USD | 1 Quarter |
| Amortization of debt issuance costs |
AmortizationOfFinancingCosts
|
$12.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$519.00K | USD | 1 Quarter |
| Accounts receivable |
IncreaseDecreaseInAccountsReceivable
|
$1.01M | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$-252.00K | USD | 1 Quarter |
| Prepaid expenses and other assets |
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
$3.57M | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$451.00K | USD | 1 Quarter |
| Inventories |
IncreaseDecreaseInInventories
|
$-86.00K | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$1.46M | USD | 1 Quarter |
| Accounts payable |
IncreaseDecreaseInAccountsPayable
|
$-463.00K | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$-1.33M | USD | 1 Quarter |
| Accrued liabilities |
IncreaseDecreaseInAccruedLiabilities
|
$397.00K | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$2.84M | USD | 1 Quarter |
| Net cash provided by (used in) operating activities |
NetCashProvidedByUsedInOperatingActivitiesContinuingOperations
|
$-1.20M | USD | 1 Quarter |
| Investment in property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$7.62M | USD | 1 Quarter |
| Investment in property, plant and equipment |
PaymentsToAcquirePropertyPlantAndEquipment
|
$2.32M | USD | 1 Quarter |
| Proceeds from disposal of asset |
ProceedsFromSaleOfPropertyPlantAndEquipment
|
$8.00K | USD | 1 Quarter |
| Investment in intangible assets |
PaymentsToAcquireIntangibleAssets
|
$6.00K | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-2.32M | USD | 1 Quarter |
| Net cash used in investing activities |
NetCashProvidedByUsedInInvestingActivitiesContinuingOperations
|
$-7.62M | USD | 1 Quarter |
| Payments under capital leases |
RepaymentsOfLongTermCapitalLeaseObligations
|
$6.00K | USD | 1 Quarter |
| Payments under capital leases |
RepaymentsOfLongTermCapitalLeaseObligations
|
$7.00K | USD | 1 Quarter |
| Payments under notes payable |
ProceedsFromRepaymentsOfNotesPayable
|
$-60.00K | USD | 1 Quarter |
| Payments under notes payable |
ProceedsFromRepaymentsOfNotesPayable
|
$-15.00K | USD | 1 Quarter |
| Proceeds from pay down of promissory note related to membership units |
ProceedsFromRepaymentOfLoansForMemberUnit
|
$3.05M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$2.98M | USD | 1 Quarter |
| Net cash provided by (used in) financing activities |
NetCashProvidedByUsedInFinancingActivitiesContinuingOperations
|
$-21.00K | USD | 1 Quarter |
| Net decrease in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-1.79M | USD | 1 Quarter |
| Net decrease in cash |
CashAndCashEquivalentsPeriodIncreaseDecrease
|
$-3.54M | USD | 1 Quarter |
| Cash at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$3.57M | USD | Point-in-time |
| Cash at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$6.92M | USD | Point-in-time |
| Cash at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.78M | USD | Point-in-time |
| Cash at beginning of period |
CashAndCashEquivalentsAtCarryingValue
|
$3.38M | USD | Point-in-time |
| Cash at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$3.57M | USD | Point-in-time |
| Cash at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$6.92M | USD | Point-in-time |
| Cash at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$1.78M | USD | Point-in-time |
| Cash at end of period |
CashAndCashEquivalentsAtCarryingValue
|
$3.38M | USD | Point-in-time |
| Capitalized depreciation in property, plant and equipment |
CapitalizedDepreciationInPropertyPlantAndEquipment
|
$156.00K | USD | 1 Quarter |
| Capitalized depreciation in property, plant and equipment |
CapitalizedDepreciationInPropertyPlantAndEquipment
|
$167.00K | USD | 1 Quarter |
| Notes payable issued for property, plant and equipment |
NotesIssued1
|
$186.00K | USD | 1 Quarter |
| Accrued interest from notes receivable issued for membership units |
AccruedInterestFromNotesReceivable
|
$57.00K | USD | 1 Quarter |
| Accrued interest from notes receivable issued for membership units |
AccruedInterestFromNotesReceivable
|
$70.00K | USD | 1 Quarter |
| Interest |
InterestPaid
|
$8.00K | USD | 1 Quarter |
| Interest |
InterestPaid
|
$34.00K | USD | 1 Quarter |
Stockholders Equity
10 line items
| Line Item | Tag | Value | Unit | Period |
|---|---|---|---|---|
| Balance at beginning of year |
MembersEquity
|
$71.35M | USD | Point-in-time |
| Balance at beginning of year |
MembersEquity
|
$79.21M | USD | Point-in-time |
| Additional members' equity related to accrued interest on notes receivable that were exchanged for membership units |
LimitedLiabilityCompanyLLCAccruedInterestOnNotesReceivableExchangedForMembershipUnits
|
$29.00K | USD | 1 Quarter |
| Accrued interest related to notes receivables that were exchanged for membership units |
LimitedLiabilityCompanyLLCAccruedInterestRelatedToNotesReceivablesExchangedForMembershipUnits
|
$29.00K | USD | 1 Quarter |
| Unit-based compensation expense |
LimitedLiabilityCompanyLLCMembersEquityUnitBasedCompensation
|
$32.00K | USD | 1 Quarter |
| Proceeds from pay down of promissory note related to membership units |
LimitedLiabilityCompanyProceedsPromissoryNotesReceivableExchangedForMembershipUnits
|
$3.05M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$4.78M | USD | 1 Quarter |
| Net income |
NetIncomeLoss
|
$-127.00K | USD | 1 Quarter |
| Balance at end of year |
MembersEquity
|
$71.35M | USD | Point-in-time |
| Balance at end of year |
MembersEquity
|
$79.21M | USD | Point-in-time |
Data is extracted from SEC EDGAR XBRL filings. Values shown are as reported in the filing.