Eco-Stim Energy Solutions (ESESQ) 10-K 19 Mar 18 2017 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($)	12 Months Ended
	Dec. 31, 2017	Mar. 16, 2018	Jun. 30, 2017
Document And Entity Information
Entity Registrant Name	Eco-Stim Energy Solutions, Inc.
Entity Central Index Key	1,135,657
Document Type	10-K
Document Period End Date	Dec. 31, 2017
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Voluntary Filer	No
Entity Current Reporting Status	Yes
Entity Filer Category	Smaller Reporting Company
Entity Public Float			$ 15,489,917
Entity Common Stock, Shares Outstanding		74,577,899
Trading Symbol	ESES
Document Fiscal Period Focus	FY
Document Fiscal Year Focus	2,017

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Current assets:
Cash and cash equivalents	$ 8,826,076	$ 1,731,364
Accounts receivable	10,167,044	2,865,707
Inventory	3,699,245	2,047,163
Prepaids	4,363,064	1,918,875
Other assets	787,846	31,664
Total current assets	27,843,275	8,594,773
Property, plant and equipment, net	75,825,539	38,382,391
Other non-current assets		325,756
Total assets	103,668,814	47,302,920
Current liabilities:
Accounts payable	17,110,691	2,453,551
Accrued expenses	4,820,774	4,503,180
Short-term notes payable	7,047,020	2,000,000
Current portion of capital lease payable	836,855	789,166
Total current liabilities	29,815,340	9,745,897
Non-current liabilities:
Long-term notes payable	1,172,712	21,737,404
Long-term capital lease payable		766,687
Total non-current liabilities	1,172,712	22,504,091
Commitments and contingencies
Stockholders' equity
Preferred stock, $0.001 par value, 50,000,000 shares authorized, none issued
Common stock, $0.001 par value, 200,000,000 shares authorized, 74,599,749 issued and 74,577,899 outstanding at December 31, 2017 and 14,485,937 issued and 14,464,087 outstanding at December 31, 2016	74,578	14,485
Additional paid-in capital	144,071,119	59,556,505
Treasury stock, at cost; 21,850 common shares at December 31, 2017 and December 31, 2016	(57,469)	(57,469)
Accumulated deficit	(71,407,466)	(44,460,589)
Total stockholders' equity	72,680,762	15,052,932
Total liabilities and stockholders' equity	$ 103,668,814	$ 47,302,920

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Dec. 31, 2017	Dec. 31, 2016
Statement of Financial Position [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	50,000,000	50,000,000
Preferred stock, shares issued
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	200,000,000	200,000,000
Common stock, shares issued	74,599,749	14,485,937
Common stock, shares outstanding	74,577,899	14,464,087
Treasury stock, shares	21,850	21,850

Consolidated Statements of Oper

Consolidated Statements of Operations - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Statement [Abstract]
Revenues	$ 44,017,748	$ 8,352,236
Operating cost and expenses:
Cost of services	53,002,499	10,630,233
Selling, general, and administrative expenses	8,441,933	5,892,235
Research and development	456,288	486,128
Depreciation and amortization expense	8,029,247	4,667,797
Total operating costs and expenses	69,929,967	21,676,393
Operating loss	(25,912,219)	(13,324,157)
Other income (expense):
Interest expense	(1,948,997)	(3,978,728)
Interest forgiven	634,477
Other expense	(353,667)	(317,043)
Total other expense	(1,668,187)	(4,295,771)
Benefit (provision) for income taxes	633,529	(305,320)
Net loss	$ (26,946,877)	$ (17,925,248)
Basic and diluted loss per share	$ (0.41)	$ (1.32)
Weighted average number of common shares outstanding-basic and diluted	66,065,417	13,615,428

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Operating Activities
Net loss	$ (26,946,877)	$ (17,925,248)
Depreciation and amortization	8,029,247	4,667,797
Amortization of debt discount and loan origination cost	459,797	255,530
Stock based compensation	1,754,706	695,910
Changes in operating assets and liabilities:
Accounts receivable	(7,301,337)	5,289,557
Inventory	(1,652,082)	(500,700)
Prepaids and other assets	(2,141,490)	1,468,076
Accounts payable and accrued expenses	13,305,679	772,223
Net cash used in operating activities	(14,492,357)	(5,276,855)
Investing Activities
Purchases of equipment	(35,379,441)	(4,591,080)
Net cash used in investing activities	(35,379,441)	(4,591,080)
Financing Activities
Proceeds from sale of common stock, net	41,624,402	1,558,555
Proceeds from notes payable	18,719,126	2,194,611
Payments on notes payable	(2,587,852)	(3,293,732)
Payments on capital lease	(789,166)	(565,449)
Purchase of treasury stock		(37,175)
Net cash provided by (used in) financing activities	56,966,510	(143,190)
Net increase (decrease) in cash and cash equivalents	7,094,712	(10,011,125)
Cash and cash equivalents, beginning of year	1,731,364	11,742,489
Cash and cash equivalents, end of year	8,826,076	1,731,364
Supplemental Disclosure of Cash Flow Information
Cash paid during the year for interest	385,259	3,448,408
Cash paid during the year for income taxes	541,723	140,341
Non-cash transactions
Property, plant and equipment additions in accounts payable	1,669,057	1,327,927
Notes payable settled through recapitalization	22,000,000
Conversion of debt to equity	41,195,599
Equipment purchased with notes payable	$ 8,807,582

Consolidated Statements of Chan

Consolidated Statements of Changes in Stockholders' Equity - USD ($)	Common Stock [Member]	Additional Paid-In Capital [Member]	Treasury Stock [Member]	Accumulated Deficit [Member]	Total
Balance at Dec. 31, 2015	$ 13,572	$ 57,302,953	$ (20,294)	$ (26,535,341)	$ 30,760,890
Balance, shares at Dec. 31, 2015	13,566,050
Sale of common stock, net	$ 797	1,557,758			1,558,555
Sale of common stock, net, shares	796,573
Interest converted to common stock	$ 116	695,794			695,910
Interest converted to common stock, shares	116,375
Treasury stock			(37,175)		(37,175)
Treasury stock, shares	(14,911)
Net loss				(17,925,248)	(17,925,248)
Balance at Dec. 31, 2016	$ 14,485	59,556,505	(57,469)	(44,460,589)	15,052,932
Balance, shares at Dec. 31, 2016	14,464,087
Sale of common stock, net	$ 30,086	42,519,083			42,549,169
Sale of common stock, net, shares	30,144,174
Stock based compensation	$ 468	1,754,238			1,754,706
Stock based compensation, shares	430,853
Stock issued upon conversion of debt, net of costs	$ 29,539	40,241,293			40,270,832
Stock issued upon conversion of debt, net of costs, shares	29,538,785
Net loss				(26,946,877)	(26,946,877)
Balance at Dec. 31, 2017	$ 74,578	$ 144,071,119	$ (57,469)	$ (71,407,466)	$ 72,680,762
Balance, shares at Dec. 31, 2017	74,577,899

Nature of Business

Nature of Business	12 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Business	1. Nature of Business Eco-Stim Energy Solutions, Inc. is a growth-oriented, technology-driven independent oilfield services company providing well stimulation, coiled tubing and field management services to the upstream oil and gas industry. We are focused on reducing the ecological impact and improving the economic performance of the well stimulation process in “unconventional” drilling formations. We currently offer our services to oil and natural gas exploration and production (“E&P”) companies in the United States and Argentina. Our focus is to bring our service offerings, technologies and processes to the most active shale resource basins both domestically and outside of North America using our technology to differentiate our service offerings.

Basis of Presentation and Signi

Basis of Presentation and Significant Accounting Policies	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Basis of Presentation and Significant Accounting Policies	2. Basis of Presentation and Significant Accounting Policies The consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”). Principles of Consolidation We consolidate all wholly-owned subsidiaries, controlled joint ventures and variable interest entities where the Company has determined it is the primary beneficiary. All material intercompany accounts and transactions have been eliminated in consolidation. Our wholly-owned subsidiaries include: Viking Rock Holding, AS (100%), Viking Rock, AS (100% owned), Cherokee Rock, Inc. (100% owned), EcoStim, Inc. (100% owned), and EcoStim Energy Solutions Argentina, SA (100% owned). Going Concern The Company has incurred net losses and losses from operations since inception and will require additional capital to continue operations. As of December 31, 2017, the Company had cash and cash equivalents of approximately $8.8 million and working capital deficit of approximately $2.0 million. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans to alleviate substantial doubt include: (i) deploying all U.S. fleets at higher rates; (ii) securing a working capital facility to enhance liquidity and support growth; (iii) re-negotiating the contract with its largest customer in Argentina to eliminate certain third-party services which contributed negatively to the Company’s fleet level gross margins in Argentina during 2017; (iv) re-negotiating the contract with the Company’s largest customer in Argentina to improve utilization and reduce stand-by time, thus eliminating factors that have contributed to negative fleet level gross margin in Argentina; and, (v) raising additional capital for the Company. As of March 15, 2018, the Company has all fleets deployed, and the one non-deployed fleet as of December 31, 2017 has been deployed at rates higher than rates in 2017. In February 2018, the Company secured a receivable agreement designed to enhance liquidity and support growth as described in Note 20. The Company has engaged in negotiations with its customer in Argentina to seek modifications to the contract that would provide the Company with more favorable operating results. However, there can be no assurance that the Company’s efforts to renegotiate the terms of the contract will be successful, and the Company may continue to incur losses under the contract in the future. Management believes the Company has the ability to continue as a going concern for twelve months from the date of filing of this 10-K. Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Estimates are used in, but are not limited to, determining the following: allowance for doubtful accounts, recoverability of long-lived assets and intangibles, useful lives used in depreciation and amortization, income taxes and stock-based compensation. The accounting estimates used in the preparation of the consolidated financial statements may change as new events occur, as more experience is acquired, as additional information is obtained and as the Company’s operating environment changes. Cash and Cash Equivalents The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. The Company maintains deposits in several financial institutions, which may at times exceed amounts covered by insurance provided by the U.S. Federal Deposit Insurance Corporation (“FDIC”). The Company has not experienced any losses related to amounts in excess of FDIC limits. Revenue Recognition All revenue is recognized when persuasive evidence of an arrangement exists, specific performance completed, the price is fixed or determinable, and collection is reasonably assured as follows: Well Stimulation Revenue The Company provides well stimulation services based on contractual arrangements, such as term contracts and pricing agreements, or on a spot market basis. Revenue is recognized upon completion of stimulation stages and includes the components of the services, and the chemicals and proppants consumed while performing the well stimulation services. Customers are invoiced upon the completion of each job, which can consist of one or more stimulation stages. Under term pricing agreement arrangements, customers commit to targeted utilization levels at agreed-upon pricing, but without termination penalties or obligations to pay for services not used by the customer. In addition, the agreed-upon pricing is typically subject to periodic review. Spot market basis arrangements are based on an agreed-upon hourly spot market rate. The Company also charges fees for setup and mobilization of equipment depending on the job, additional equipment used on the job, if any, and materials that are consumed during the well stimulation process. Generally, these fees and other charges vary depending on the equipment and personnel required for the job and market conditions in the region in which the services are performed. The Company also generates revenues from chemicals and proppants that are consumed while performing well stimulation services. Coiled Tubing Revenue The Company began providing coiled tubing and other well stimulation services in early 2015. Jobs for these services are typically short term in nature, lasting anywhere from a few hours to multiple days. Revenue is recognized upon completion of each job based upon a completed field ticket. The Company charges the customer for mobilization, services performed, personnel on the job, equipment used on the job, and miscellaneous consumables at agreed-upon spot market rates. Fair Value of Financial Instruments The Company’s financial instruments consist of cash and cash equivalents, accounts receivable, other assets, accounts payable, accrued expenses, capital lease obligations and notes payable. The recorded values of cash and cash equivalents, accounts receivable, other assets, accounts payable, and accrued expenses approximate their fair values based on their short-term nature. The carrying value of capital lease obligations and notes payable approximate their fair value, and the interest rates approximate market rates. Functional and Presentation Currency Items included in the financial statements of each of the Company’s entities are measured using the currency of the primary economic environment in which the entity operates (the “functional currency”). The functional currency for the Norwegian and Argentine subsidiaries is the U.S. Dollar. The consolidated financial statements are presented in U.S. Dollars, which is the Company’s presentation currency. Net Loss per Common Share For the years ended December 31, 2017 and 2016, the weighted average shares outstanding excluded certain stock options and convertible debt of 1,605,575 and 4,478,507, respectively, from the calculation of diluted earnings per share because these shares would be anti-dilutive. Anti-dilutive warrants of 100,000 for each of the years ended December 31, 2017 and 2016 were also excluded from the calculation. Accounts Receivable Accounts receivable are stated at amounts management expects to collect from outstanding balances both billed and unbilled (unbilled accounts receivable represents amounts recognized as revenue for which invoices have not yet been sent to clients). Management provides for probable uncollectible amounts through a charge to earnings and a credit to a valuation allowance based on its assessment of the current status of individual accounts. To date, the Company has recognized only insignificant losses due to uncollectible accounts. Balances still outstanding after management has used reasonable collection efforts are written off through a charge to the valuation allowance and a credit to accounts receivable. The Company evaluated all accounts receivable and determined that no reserve for doubtful accounts was necessary at December 31, 2017 and 2016. Included in the accounts receivable balance are certain unbilled receivables with a significant customer that relate to work performed before the company entered into its rotational on-call contract in 2016. Under this prior arrangement, the Company was required to go through an arduous process to collect the outstanding amounts and while the Company has a track record of collecting amounts billed under this prior arrangement, it has proven to take long periods of time. At December 31, 2017 and 2016, there were $0 and approximately $855,706, respectively, in outstanding unbilled amounts due under this prior arrangement. All amounts included in this arrangement have been collected. Further, amounts billed to this significant customer under the rotational on-call contracts signed earlier this year have been collected within a more normal timeframe. Prepaids Prepaid expenses are primarily comprised of Argentinian value added tax, revenue and gross income taxes along with prepaid insurance and prepaid vehicle registration fees. The prepaid value added tax will be reduced as the Company continues to invoice customers in Argentina. Inventory Inventories are stated at the lower of cost or net realizable value using the average method and appropriate consideration is given to deterioration, obsolescence and other factors in evaluating net realizable value. Property, Plant and Equipment Property, Plant and Equipment (“PPE”) is stated at historical cost less depreciation. Historical cost includes expenditures that are directly attributable to the acquisition of the items. Depreciation is computed using the straight-line method over the estimated useful lives of the assets for financial reporting purposes. Expenditures for major renewals and betterments that extend the useful lives are capitalized. Expenditures for normal maintenance and repairs are expensed as incurred. The cost of assets sold or abandoned and the related accumulated depreciation are eliminated from the accounts and any gains or losses are reflected in the accompanying consolidated statements of operations for the respective period. The estimated useful lives of our major classes of PPE are as follows: Major Classes of PPE Estimated Useful Lives Machinery and equipment 2-7 years Vehicles 5 years Leasehold improvements 5 years (or the life of the lease) Furniture and office equipment 3-5 years Leases The Company leases certain equipment under lease agreements. The Company evaluates each lease to determine its appropriate classification as an operating or capital lease for financial reporting purposes. Any lease that does not meet the criteria for a capital lease is accounted for as an operating lease. The assets and liabilities under capital leases are recorded at the lower of the present value of the minimum lease payments or the fair market value of the related assets. Assets under capital leases are amortized using the straight-line method over the lease term. Amortization of assets under capital leases is included in depreciation expense. Stock-Based Compensation The Company accounts for its stock options, warrants, and restricted stock grants under the fair value recognition provisions of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 718. The Company currently uses the straight-line amortization method for recognizing stock option and restricted stock compensation costs. The measurement and recognition of compensation expense for all share-based payment awards made to our employees, directors or outside service providers are based on the estimated fair value of the awards on the grant dates. The grant date fair value is estimated using either an option-pricing model which is consistent with the terms of the award or a market observed price, if such a price exists. Such cost is recognized over the period during which an employee, director or outside service provider is required to provide service in exchange for the award, i.e., “the requisite service period” (which is usually the vesting period). The Company also estimates the number of instruments that will ultimately be earned, rather than accounting for forfeitures as they occur. For the years ended December 31, 2017 and 2016, the Company recorded $1,754,706 and $695,910, respectively, of stock-based compensation, which is included in cost of services, selling, general and administrative expense, and research and development in the statement of operations. Total unamortized stock-based compensation expense at December 31, 2017 was $3,247,370 compared to $928,786 at December 31, 2016, and will be fully expensed through 2020. Impairment of Long-Lived Assets The Company reviews its long-lived assets for impairment when changes in circumstances indicate that the carrying amount of an asset may not be recoverable. ASC Topic 360 requires the Company to review long-lived assets for impairment whenever events or changes in circumstances indicate the carrying amount of an asset or group of assets may not be recoverable. The impairment review includes a comparison of future cash flows expected to be generated by the asset or group of assets with their associated carrying value. If the carrying value of the asset or group of assets exceeds expected cash flows (undiscounted and without interest charges), an impairment loss is recognized to the extent that the carrying value exceeds the fair value. If estimated future cash flows are not achieved with respect to long-lived assets, additional write-downs may be required. During 2017, the Company evaluated its long-lived assets for impairment and determined no impairment was necessary. Major Customers and Concentration of Credit Risk. The majority of the Company’s business is conducted with major and independent oil and gas companies in Argentina. The Company evaluates the financial strength of its customers and provides allowances for probable credit losses when deemed necessary. The Company derives a large amount of revenue from a small number of major and independent oil and gas companies. At December 31, 2017, the Company had a concentration of receivables with three customers. For the years ended December 31, 2017 and 2016, three major customers accounted for approximately 99% and 100% of our services revenue, respectively. Our accounts receivable at December 31, 2017 were concentrated with three major customers representing 99% and at December 31, 2016 were concentrated with one major customer representing 73%. The Company places its cash and cash equivalents with high credit quality financial institutions. Income Taxes Deferred income taxes are determined using the asset and liability method in accordance with ASC Topic 740. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred income taxes are measured using enacted tax rates expected to apply to taxable income in years in which such temporary differences are expected to be recovered or settled. The effect of a change in tax rates on deferred income taxes is recognized in the consolidated statement of operations of the period that includes the enactment date. In addition, a valuation allowance is established to reduce any deferred tax asset for which it is determined that it is more likely than not that some portion of the deferred tax asset will not be realized. The Company is subject to U.S. federal and foreign income taxes along with state income taxes in Texas and Oklahoma. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying consolidated balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Accounting Guidance Issued and Adopted as of December 31, 2017 In July 2015, the FASB issues ASU No. 2015-11, “Inventory (Topic 330)”, (“ASU 2015-11”) which amends and simplifies the measurement of inventory. The main provisions of the standard require that inventory be measured at the lower of cost and net realizable value. Prior to the issuance of the standard, inventory was measured at the lower of cost or market (where market was defined as replacement cost, with a ceiling of net realizable value and floor of net realizable value less a normal profit margin). The Company adopted ASU 2015-11 as of January 1, 2017. The adoption did not have a material impact on the Company’s consolidated financial statements and related disclosures. Accounting Guidance Issued but Not Adopted as of December 31, 2017 The recent accounting standards that have been issued or proposed by the Financial Accounting Standards Board (“FASB”) or other standards-setting bodies that do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption. In May 2014, the FASB issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers, which requires us to recognize the amount of revenue to which we expect to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard is effective on January 1, 2018, and we will adopt accordingly. The standard permits the use of either the retrospective or cumulative effect transition method. We are evaluating the effect ASU 2014-09 will have on our consolidated financial statements and related disclosures. The Company has performed an initial evaluation of this standard and its impact on the financial statements. This included tasks such as identifying contracts, identifying performance obligations and reviewing the applicable revenue streams. In this review, nothing has been identified that would result in a material change in the current accounting for revenue. The Company will continue to evaluate, particularly as we enter into new contracts and will update its procedures and internal controls and provide additional training for its staff as necessary to comply with this standard. On February 25, 2016, the FASB issued ASU 2016-02 Leases (Topic 842), which requires an entity to recognize assets and liabilities arising from a lease for both financing and operating leases. The ASU will also require new qualitative and quantitative disclosures to help investors and other financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. The Company is currently evaluating the effect this standard will have on its Consolidated Financial Statements. In May 2017, the FASB issued ASU 2017-09, Compensation-Stock Compensation (Topic 718): Scope of Modification Accounting. The general model for modifications of share-based payment awards is to record the incremental value arising from a change as additional compensation costs. This guidance clarifies situations in which the existing award is not probable of vesting, and a modification gives rise to a new measurement date; no change in the total compensation cost recognized for an existing award will be required if there is no change to the fair value, vesting conditions and classification of the award. This ASU is effective prospectively for annual periods beginning on or after December 31, 2017. Early adoption is permitted. The application of this amendment is not expected to have a material impact on our future Consolidated Financial Statements or related disclosures.

Accounts Receivable

Accounts Receivable	12 Months Ended
	Dec. 31, 2017
Receivables [Abstract]
Accounts Receivable	3. Accounts Receivable Accounts receivable by category were as follows: December 31, 2017 December 31, 2016 Billed $ 4,439,637 $ 2,010,001 Unbilled 5,727,407 855,706 Total accounts receivable $ 10,167,044 $ 2,865,707 Accounts receivable (both billed and unbilled) have increased from 2016 to 2017 almost exclusively due to the new U.S. activity started in May 2017.

Inventory

Inventory	12 Months Ended
	Dec. 31, 2017
Inventory Disclosure [Abstract]
Inventory	4. Inventory Inventories by category were as follows: December 31, 2017 December 31, 2016 Chemicals and proppants $ 1,513,373 $ 897,994 Spare parts 2,185,872 1,149,169 Total inventories $ 3,699,245 $ 2,047,163 Inventory balances have increased from 2016 to 2017 almost exclusively due to the new U.S. activity started in May 2017.

Prepaids

Prepaids	12 Months Ended
	Dec. 31, 2017
Prepaids Tables
Prepaids	5. Prepaids Prepaid by category were as follows: December 31, 2017 December 31, 2016 Prepaid insurance $ 142,531 $ 95,433 Prepaid value added tax 1,772,733 992,979 Prepaid other taxes 1,162,618 690,909 Prepaid other vendors and vehicle registrations 1,285,182 139,554 Total prepaid $ 4,363,064 $ 1,918,875 Prepaid balances have increased from 2016 to 2017 due to: i) Argentina VAT and other tax prepaid amounts increasing as a result of purchase tax for a larger amount of purchases in 2017 compared with 2016 exceeding sales/revenue tax; and ii) start-up activity in the U.S. with vendors and vehicles purchased. The Company will use the prepaid value added tax as it continues to invoice customers in Argentina.

Other Assets

Other Assets	12 Months Ended
	Dec. 31, 2017
Other Assets [Abstract]
Other Assets	6. Other Assets December 31, 2017 December 31, 2016 Deposits $ 703,004 $ 10,507 Other current assets 84,842 21,157 Total other current assets $ 787,846 $ 31,664 Short-term deposits increased and long-term deposits decreased from 2016 to 2017 due to the maturity of the capital lease arrangement. As the least term end is reached in 2018, the deposit is being applied to the final six payments. December 31, 2017 December 31, 2016 Long term deposits $ — $ 325,756 Total other non-current assets $ — $ 325,756

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Property, Plant and Equipment	7. Property, Plant and Equipment Property, plant and equipment consists of the following: December 31, 2017 December 31, 2016 Land $ 600,000 $ 600,000 Leasehold improvement 772,357 726,361 Computer hardware & software 737,200 547,428 Furniture & fixtures 600,943 210,941 Machinery & equipment 76,014,771 25,395,633 Machinery & equipment under construction 13,091,352 17,969,630 Work in progress 100,362 994,597 Property and equipment 91,916,985 46,444,590 Less accumulated depreciation (16,091,446 ) (8,062,199 ) Property and equipment, net $ 75,825,539 $ 38,382,391 Property, plant and equipment increased from 2016 to 2017 due to the acquisition of machinery and equipment related to the start-up operations in the U.S. Depreciation expense increased from 2016 to 2017 by $3.4 million to $8.0 million at December 31, 2017 from $4.7 million at December 31, 2016 due to the acquisition of machinery and equipment related to the start-up operation in the U.S.

Accrued Expenses

Accrued Expenses	12 Months Ended
	Dec. 31, 2017
Payables and Accruals [Abstract]
Accrued Expenses	8. Accrued Expenses Accrued expenses consist of the following: December 31, 2017 December 31, 2016 Accrued salaries $ 777,163 $ 183,572 Accrued accounts payable trade expenses 2,986,689 1,449,139 Accrued bonuses 524,000 526,994 Accrued vacations 522,340 468,015 Accrued interest 10,582 1,875,460 Total accrued expenses $ 4,820,774 $ 4,503,180 Accrued accounts payable trade increase from 2016 to 2017 primarily due to the start-up of operations in the U.S. Accrued interest decreased from 2016 to 2017 primarily due to the interest owed on the ACM Note Agreement and Stockholder Note at December 31, 2016. These loans were paid off during 2017. Vendor Equipment Financing loans principle and interest are paid monthly resulting in a lower interest accrual at December 31, 2017.

Debt

Debt	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Debt	9. Debt The carrying values of our debt obligations, net of unamortized debt issuance costs of $0 and $262,596 as of December 31, 2017 and December 31, 2016, respectively, are as follows: December 31, 2017 December 31, 2016 Short Term Long Term Short Term Long Term Vendor Equipment Financing $ 7,047,020 $ 1,172,712 $ — $ — Stockholder Note — — 2,000,000 — ACM Note Agreement — — — 21,737,404 Total $ 7,047,020 $ 1,172,712 $ 2,000,000 $ 21,737,404 Short-Term Stockholder Note On November 30, 2016, the Company entered into a Loan Agreement with two of the Company’s largest stockholders, a portion of which was used to pay the remaining amount payable (approximately $1 million) by the Company under an equipment purchase agreement dated October 10, 2014, as amended, with Gordon Brothers Commercial & Industrial, LLC for the purchase of certain TPUs. At December 31, 2016, the Company had a balance of $2,000,000 and accrued interest of $24,548. The indebtedness created under the Loan Agreement was repaid on March 6, 2017 with a portion of the proceeds of the credit facility extended by Fir Tree under the Amended and Restated Convertible Note Facility Agreement described below. Vendor Equipment Financing During various dates beginning in late September through November 2017, the Company purchased equipment through a financing arrangement with NOV Rolligon at an interest rate of 8% for 12 months. At December 31, 2017, the Company had a loan balance of $6,130,567 and accrued interest of $7,438. Beginning August 23, 2017 through September 28, 2017, the Company purchased trucks through a financing arrangement with Ford Motor Credit Corporation at an interest rate of 4.99% annual interest for 36 months. At December 31, 2017, the Company had a loan balance of $816,226 and accrued interest of $1,894. Beginning September 21, 2017 through September 29, 2017, the Company purchased tractors through a financing arrangement with Hitachi Capital America Corporation at an interest rate of 8.59% for 24 months. At December 31, 2017, the Company had a loan balance of $903,463 and accrued interest of $3,354. On December 20, 2017, the Company purchased tractors through a financing arrangement with Mercedes-Benz Financial Services USA, LLC at an interest rate of 8.9% for 36 months. At December 31, 2017, the Company had a loan balance of $369,475 and accrued interest of $991. The total future minimum payments due on our Vendor Equipment Financings as of December 31, 2017 are noted as follows: Total payments for 2018 $ 7,047,019 Total payments for 2019 789,313 Total payments for 2020 383,400 Total future payments — Total payments $ 8,219,732 Long-Term Notes Payable Convertible Note Facility On May 28, 2014 (the “Closing Date”), the Company entered into a Convertible Note Facility Agreement (the “Original Note Agreement”) with certain funds affiliated with Albright Capital Management (“ACM”). The proceeds from the Original Note Agreement were used primarily for capital expenditures, certain working capital needs and approved operating budget expenses. The Original Note Agreement allowed the Company to issue ACM entities a multiple draw secured promissory note with maximum aggregate principal amount of $22,000,000, convertible into Common Stock at a price of $6.00 per share at the option of ACM entities. The outstanding debt under the facility is convertible immediately and accrues interest at 14% per annum with interest payments due annually in arrears. The debt could be prepaid in full under certain conditions after the first anniversary of the Closing Date, and was scheduled to mature on the date that is four years following the Closing Date. As of December 31, 2016, the Company had drawn down the full $22,000,000 available under the Original Note Agreement, which was primarily used for capital expenditures, certain working capital needs and approved operating budget expenses. The accrued interest at December 31, 2016 was $1,831,123. All obligations under the Original Note Agreement were secured by liens on substantially all of the assets of the company and have subsidiary guarantees and pledges of the capital stock of the subsidiary guarantors subject to certain terms and exceptions. At December 31, 2016, the Company was not in compliance with certain loan covenants under the Original Note Agreement, nor had the Company received waivers or amendments to those covenants. In March 2017, the Company entered into a transaction with Fir Tree pursuant to which Fir Tree purchased from ACM entities $22 million aggregate principal amount of the Company’s outstanding convertible notes which were due in 2018. With this transaction, all obligations under the Original Note Agreement were dissolved. On March 3, 2017, the Company entered into a transaction with Fir Tree pursuant to which Fir Tree purchased from ACM entities $22 million aggregate principal amount of the Company’s outstanding 14% convertible notes which were due in 2018, (“the ACM Note”) and 2,030,436 shares of the Company’s outstanding common stock, par value $0.001 per share. This transaction was part of a comprehensive recapitalization designed to create a path to a potential conversion to equity of substantially all the Company’s debt, subject to stockholder approval. As part of the transaction, the ACM Note was amended and restated (the “A&R Convertible Note”) and the Company issued to Fir Tree an additional $19.4 million aggregate principal amount convertible note (the “New Convertible Note”), representing an additional $17 million aggregate principal amount of convertible notes issued by the Company to Fir Tree on March 3, 2017, and approximately $2.4 million principal amount of convertible notes in payment of accrued and unpaid interest on the ACM Note. The unpaid principal amount of the A&R Convertible Note and the New Convertible Note bore an interest rate of 20% per annum and, if stockholder approval were not obtained, would have matured on May 28, 2018. After giving effect to these transactions, the Company had approximately $41.4 million of outstanding convertible notes. Fir Tree had agreed to convert all the outstanding convertible notes into common stock at a conversion price of $1.40 per share, subject to receipt of stockholder approval and satisfaction of certain other conditions. On June 15, 2017, with stockholder approval, all the outstanding convertible notes were subsequently converted into common stock and the Company issued approximately 29.5 million shares of common stock to Fir Tree as a result of such conversion.

Deferred Debt Costs

Deferred Debt Costs	12 Months Ended
	Dec. 31, 2017
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred Debt Costs	10. Deferred Debt Costs The Company capitalizes certain costs in connection with obtaining its financings, such as lender’s fees and related attorney fees. These costs are amortized to interest expense using the straight-line method. Deferred debt costs were approximately $262,596, net of accumulated amortization of $478,853 for the year ended December 31, 2016. Deferred debt costs are presented net of related debt in long-term notes payable as of December 31, 2016. There are no deferred debt costs at December 31, 2017. The debt associated with these deferred debt costs was converted to equity during the year and the remaining balance was amortized to interest expense in 2017.

Equity Offerings

Equity Offerings	12 Months Ended
	Dec. 31, 2017
Equity Offerings
Equity Offerings	11. Equity Offerings On July 13, 2016, the Company entered into an At-Market Issuance Sales Agreement (the “Agreement”) with FBR Capital Markets& Co. and MLV & Co. LLC (the “Distribution Agents”). Pursuant to the terms of the Agreement, the Company was permitted to sell from time to time through the Distribution Agents shares of the Company’s common stock, par value $0.001 per share, with an aggregate sales price of up to $5,801,796 (the “Shares”). Sales of the Shares were required to be approved by the Board and were permitted to be made by any method permitted that is deemed an “at the market offering” as defined in Rule 415 under the Securities Act, including sales made directly on or through the NASDAQ Capital Market or on any other existing trading market for our common stock, sales made to or through a market maker other than on an exchange or otherwise, in negotiated transactions at market prices, and/or any other method permitted by law. Sales of the Shares may be made at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices, and subject to such other terms as may be agreed upon at the time of sale including a minimum sales price that may be stipulated by the Board. During 2016, the Company sold 796,573 Shares through the Agreement for total gross proceeds of $1,722,596 before deducting approximately $164,000 of commissions. During 2017, the Company sold 563,753 Shares through the Agreement for total gross proceeds of $982,385 before deducting approximately $15,605 of commissions. On July 6, 2017, the Company closed a private placement of shares of the Company’s common stock providing gross proceeds of $15.0 million, and net of costs proceeds of $14.9 million. As part of the offering, the Company issued 10,000,000 shares of its common stock for $1.50 per share to certain existing shareholders. The proceeds from the offering were used to finance capital expenditures to support existing contracts the Company has in both Oklahoma and Argentina, for working capital and for other general corporate purposes. On August 8, 2017, the Company closed on a private placement of shares of the Company’s common stock providing gross proceeds of $28 million, with net of costs proceeds of $26.7 million. As part of the offering, the Company issued an aggregate of 19,580,420 shares of its common stock for $1.43 per share to two existing stockholders and several new institutional investors. The proceeds from this offering were used to finance capital expenditures to support the Company’s most recent customer contract in Oklahoma, for working capital and for other general corporate purposes.

Stockholders_ Equity

Stockholders’ Equity	12 Months Ended
	Dec. 31, 2017
Equity [Abstract]
Stockholders' Equity	12. Stockholders’ Equity Common Stock At December 31, 2017 and 2016 the Company had authorized 200,000,000 shares of common stock, of which 74,577,899 and 14,464,087 were outstanding, respectively, with a par value of $74,578 and $14,485, respectively. Preferred Stock At December 31, 2017 and 2016, the Company had authorized 50,000,000 shares of preferred stock, of which there were zero shares of preferred stock outstanding. Treasury Stock On December 15, 2015, the Board authorized the Company to repurchase, from time to time during the period from December 16, 2015 through December 16, 2017, up to $5 million in shares of its outstanding common stock. As of December 31, 2017, the Company had purchased 21,850 shares at a cost of $57,469 under the buy-back program. Warrants In the fourth quarter of 2013, the Company executed a sale-leaseback transaction with a related party that included an inducement payment of 100,000 common stock warrants. The exercise price per share of the common stock under the agreement is $7.00. The agreement expires five years after the date of issuance. The warrants can be exercised on a one for one basis starting July 1, 2014. See Note 16-Related Parties for additional information.

Employee Benefit Plan

Employee Benefit Plan	12 Months Ended
	Dec. 31, 2017
Retirement Benefits [Abstract]
Employee Benefit Plan	13. Employee Benefit Plan The Company adopted a safe harbor defined contribution 401(k) plan effective January 1, 2012, covering all Company employees in the US headquarters. Under the plan, the Company contributes 5% towards the employee 401k. The contribution is fully vested at the time of contribution. The Company’s contributions for the years ended December 31, 2017 and 2016, were $326,683 and $81,326, respectively.

Stock-Based Compensation

Stock-Based Compensation	12 Months Ended
	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Stock-Based Compensation	14. Stock-Based Compensation The Company has two stock incentive plans, the 2013 Stock Incentive Plan (the “2013 Plan”) and the 2015 Stock Incentive Plan (the “2015 Plan”), (or collectively, “the Plans”), for the granting of stock-based incentive awards, including incentive stock options, non-qualified stock options and restricted stock, to employees, consultants and members of the Company’s Board. The 2013 Plan was adopted in 2012 and amended in 2013 and authorizes 1,000,000 shares to be issued under the 2013 Plan. The 2015 Plan, f/k/a “the 2014 Stock Incentive Plan,” was adopted in 2014 and was amended in 2015 and 2016 to authorize a total of 700,000 additional shares, resulting in a maximum of 1,700,000 shares being authorized for issue under the modified 2015 Plan. Both the 2013 Plan and the 2015 Plan have been approved by the stockholders of the Company. On June 15, 2017, at our annual meeting of stockholders (the “2017 Annual Meeting”), our stockholders approved an increase to the aggregate maximum number of shares available under the 2015 Plan by 5,000,000 shares (from 1,200,000 shares to 6,200,000 shares). As of December 31, 2017, 122,510 shares were available for grant under the 2013 Plan and 461,329 shares were available for grant under the 2015 Plan. The Black-Scholes option valuation model was developed for use in estimating the fair value of traded options, which have no vesting restrictions and are fully transferable. Option valuation models require the input of highly subjective assumptions including the expected stock price volatility. The expected life of awards granted represents the period of time that they are expected to be outstanding. The Company determined the initial expected life based on a simplified method in accordance with the FASB Accounting Standards Codification Topic 718, giving consideration to the contractual terms, vesting schedules, and pre-vesting and post-vesting forfeitures. The Company recorded $1,754,706 and $695,910 for 2017 and 2016, respectively, of stock-based compensation, which is included in selling, general, and administrative expense and cost of sales in the accompanying consolidated statement of operations. Total unamortized stock-based compensation expense at December 31, 2017 was $3,247,370 compared to $928,786 at December 31, 2016, and will be fully expensed through 2020. Stock Options Options granted vest over a period of two to four years, subject to the optionee’s continued employment or service, and may have an expiration date not longer than ten years following the date of grant. The Plans specify that the per share exercise price of an incentive stock option may not be less than 110% of the fair market value of the Company’s common stock on the date of grant, and the per share exercise price of a non-qualified stock option may not be less than the fair market value of the Company’s common stock on the date of grant. The Company’s general practice has been to grant options with a per share exercise price equal to the fair market value of the Company’s common stock on the date of grant. A summary of the Company’s stock option activity for the years ended December 31, 2017 and 2016, is presented below: Awards Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Options outstanding at December 31, 2015 895,214 $ 5.40 8.28 Granted 82,500 3.00 Exercised — — Forfeited (20,000 ) 5.06 Options outstanding at December 31, 2016 957,714 $ 5.20 7.44 Granted 4,248,968 1.84 Exercised — — Forfeited (141,682 ) 5.18 Options outstanding at December 31, 2017 5,065,000 $ 2.38 8.26 Options exercisable at December 31, 2017 1,610,407 $ 3.34 6.51 As of December 31, 2017, the range of exercise prices for outstanding options was $0.33 – $7.00. There were no stock options exercised during 2017, 2016 or 2015. The intrinsic value is calculated as the total number of option shares multiplied by the excess of the closing price of our common stock on the last trading day over the exercise price of the options. This amount changes based on the fair market value of our common stock. Had all option holders exercised their options on December 31, 2017, the aggregate intrinsic value of the options would have been $5,424 on December 31, 2017. The following table presents the assumptions used in determining the fair value of option awards for the year ended December 31, 2017 and 2016: 2017 2016 Weighted average grant date fair value per share of awards granted $ 0.78 $ 1.80 Significant fair value assumptions: Expected term (in years) 5.75 2.40 Volatility 51.38 % 59.26 % Risk-free interest rate 1.99 % 0.58 % Expected dividends — — Restricted Stock A summary of award activity under the Plan for the years ended December 31, 2017 and 2016 is presented below: Shares Weighted Average Grant Date Fair Value Non-vested at December 31, 2015 241,625 Granted 91,500 2.77 Vested (116,375 ) Non-vested at December 31, 2016 216,750 Granted 1,104,100 1.42 Vested (335,500 ) Non-vested at December 31, 2017 985,350 The weighted average grant date fair value of awards of restricted stock is based on the market price of the Company’s common stock on the date of the grant.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies	15. Commitments and Contingencies Capital Lease Obligations In the fourth quarter of 2013, the Company purchased and upgraded equipment from non-related third parties, investing approximately $3.5 million. In December 2013, the Company sold the equipment to a related party leasing company, Impact Engineering, AS. Simultaneously, the equipment package was leased back to the Company as a capital lease for a 60-month period with payments beginning in February of 2014. The Company agreed to prepay one year of payments in the amount of approximately $1.0 million and maintain a balance of no less than six months of prepayments until the final six months of the lease. These prepayments were made prior to December 31, 2013. Further lease payments are $81,439 per month and commenced on July 1, 2014. The final six months of prepaid is shown as other current assets in the consolidated balance sheets with a balance of $488,633. The minimum present value of the lease payments is $0.9 million with terms of sixty months and implied interest of 14%. The next five years of lease payments are: Capital Lease Payments 2018 $ 977,267 2019 — Total future payments 977,267 Less debt discount due to warrants (70,167 ) Less amount representing interest (70,245 ) Less current portion of capital lease obligations (836,855 ) Capital lease obligations, excluding current installments $ — Operating Leases The Company’s operating leases correspond to equipment facilities and office space in Argentina and the United States. The combined future minimum lease payments as of December 31, 2017 are as follows: Operating Leases 2018 $ 468,070 2019 69,000 Thereafter — Total $ 537,070

Related Party Transactions

Related Party Transactions	12 Months Ended
	Dec. 31, 2017
Related Party Transactions [Abstract]
Related Party Transactions	16. Related Party Transactions In the fourth quarter of 2013, the Company purchased and upgraded equipment, from non-related third parties, for approximately $3.5 million. In December 2013, the Company sold the equipment to a leasing company (Impact Engineering, AS) controlled by two of its directors. Simultaneously, the equipment package was leased back to the Company, as a capital lease for a 60-month period with payments beginning in February 2014. The Company agreed to prepay one year of payments in the amount of approximately $1.0 million and maintain a balance of no less than six months of prepayments until the final six months of the lease. These prepayments were made prior to December 31, 2013. Further lease payments are approximately $81,000 per month and commenced on February 1, 2014 In connection with the sale leaseback transaction, the Company issued 100,000 common stock warrants to the related party leasing company. The warrants were issued as an inducement payment and can be exercised on a one for one basis for common stock starting July 1, 2014. The exercise price is $7.00 with an expiration date of five years after the initial exercise date of July 1, 2014. The estimated fair value of the warrants at issuance was approximately $0.4 million and was calculated using the Black Scholes method with the following weighted average assumptions being used. Volatility 75 % Expected lives years 5.75 Expected dividend yield — Risk free rates 1.75 % On November 30, 2016, the Company entered into a Loan Agreement with two of the Company’s largest stockholders, which was used to pay the remaining amount payable (approximately $1 million) by the Company under an equipment purchase agreement dated October 10, 2014, as amended, with Gordon Brothers Commercial & Industrial, LLC for the purchase of certain turbine powered pressure pumping equipment (“TPU”). The indebtedness created under the Loan Agreement was repaid on March 6, 2017 with a portion of the proceeds of the credit facility extended by Fir Tree under the Amended and Restated Convertible Note Facility Agreement. On March 3, 2017, the Company entered into a transaction with Fir Tree pursuant to which Fir Tree purchased from ACM Emerging Markets Master Fund I, L.P. $22 million aggregate principal amount of the Company’s outstanding convertible notes which were due in 2018. This transaction was part of a comprehensive recapitalization designed to create a path to a potential equalization of substantially all of the Company’s debt, subject to stockholder approval. As part of the transaction, the Company issued to Fir Tree an additional $19.4 million aggregate principal amount of convertible notes. After giving effect to these transactions, the Company had approximately $41.4 million of outstanding convertible notes. Fir Tree agreed to convert all of the outstanding convertible notes into common stock at a conversion price of $1.40 per share, subject to receipt of stockholder approval and satisfaction of certain other conditions. On June 20, 2017, the Company converted such notes into Common Stock at a price of $1.40 per share, and issued 29,538,786 shares of Common Stock to Fir Tree (the “Conversion”), upon the Company receiving stockholder approval at the Annual Meeting of Stockholders of the Company on June 15, 2017. As such, all obligations under the notes have been deemed paid in full and the notes have been terminated. No termination penalty or fee was incurred in connection with the termination of the notes. The Conversion reduced the Company’s debt by approximately $41.4 million. On July 6, 2017, the Company entered into a Securities Purchase Agreement (the “Purchase Agreement”) with each of the purchasers identified on the signature pages thereto, including funds affiliated with Fir Tree and Bienville (collectively, the “July Purchasers”) pursuant to which the July Purchasers agreed to purchase 10,000,000 shares of the Company’s common stock, par value $0.001 per share, at a price of $1.50 per share (the “July Private Placement”). The issuance of the Shares pursuant to the Purchase Agreement was made in reliance upon an exemption from registration provided under Section 4(a)(2) of the Securities Act. The July Private Placement closed on July 6, 2017 and resulted in approximately $15.0 million of gross proceeds and approximately $14.8 million of net proceeds (after deducting the Company’s estimated expenses). In connection with the closing of the July Private Placement, the Company and the July Purchasers entered into that certain Amended& Restated Registration Rights Agreement, dated July 6, 2017 (the “Registration Rights Agreement”). Under the Registration Rights Agreement, the Company agreed to (i) use its reasonable best efforts to file a Registration Statement (as defined in the Registration Rights Agreement) on Form S-1 or any successor form thereto (each a “Long-Form Registration” as defined in the Registration Rights Agreement) with the Securities and Exchange Commission (the “Commission”) upon the initial request of registration from the Demand Holders (as defined in the Registration Rights Agreement) within ninety (90) days after the date on which the initial request is given; and (ii) use its reasonable best efforts to file a Registration Statement on Form S-3 or any successor form thereto, if the Company is qualified for the use of Form S-3, (each a “Short-Form Registration” as defined in the Registration Rights Agreement) with the Commission upon the initial request of registration from the Demand Holders within sixty (60) days after the date on which the initial request is given. In addition, the Registration Rights Agreement provides holders of Registrable Securities (as defined in the Registration Rights Agreement) piggyback registration rights, subject to certain underwriter cutbacks and issuer blackout periods. The Company also agreed to pay all fees and expenses relating to the registration and disposition of the Registrable Securities in compliance with the Company’s obligations under the Registration Rights Agreement. In addition, in connection with the closing of the July Private Placement, the Company’s Amended and Restated Stockholders Agreement dated as of March 3, 2017 (the “Rights Agreement”) was amended to clarify certain procedures set forth in the Rights Agreement with respect to matters subject to approval by directors nominated by FT SOF VII Holdings, LLC, an affiliate of Fir Tree Partners. On August 2, 2017, the Company entered into a Common Stock Subscription Agreement (the “Subscription Agreement”) with (i) affiliates of Fir Tree, pursuant to which such Fir Tree affiliates agreed to purchase 9,456,056 shares of the Company’s common stock, (ii) Bienville Argentina Fund, pursuant to which Bienville agreed to purchase 1,923,077 shares of the Company’s common stock and (iii) certain other purchasers identified on the signature pages thereto (the “August Purchasers”) pursuant to which such other August Purchasers agreed to purchase an aggregate of 10,124,364 shares of the Company’s common stock, in each cases of clauses (i), (ii) and (iii), at a price of $1.43 per share, which was the closing market price for the Company’s Common Stock on August 1, 2017 (collectively, the “August Private Placement”). The issuance of such shares of Common Stock pursuant to the Subscription Agreement was made in reliance upon an exemption from registration provided under Section 4(a)(2) of the Securities Act. The August Private Placement closed on August 8, 2017 and resulted in approximately $28.0 million of gross proceeds and approximately $26.7 million of net proceeds (after deducting the Company’s estimated expenses). In connection with the August Private Placement, the Company, Fir Tree, Bienville Argentina Fund, and the August Purchasers entered into a new Registration Rights Agreement as of August 2, 2017 that became effective upon the closing of the August Private Placement (the “PIPE Registration Rights Agreement”). Under the PIPE Registration Rights Agreement, the Company agreed to (i) use its reasonable best efforts to file a Registration Statement (“Shelf Registration Statement” as defined in the PIPE Registration Rights Agreement) with the Commission no later than sixty (60) days following the closing date of the August Private Placement, to be effective no later than one hundred twenty (120) days following such closing date. In addition, the PIPE Registration Rights Agreement provides holders of Registrable Securities (as defined in the PIPE Registration Rights Agreement) piggyback registration rights, subject to certain underwriter cutbacks and issuer blackout periods. The Company agreed to pay all fees and expenses relating to the registration and disposition of the Registrable Securities in compliance with the Company’s obligations under the PIPE Registration Rights Agreement. In connection with the August Private Placement, the prior Restated Registration Rights Agreement, dated as of March 3, 2017 (the “Existing Registration Rights Agreement”), among the Company, Fir Tree, Bienville and the other parties thereto, was amended so as to include definitions related to the August Private Placement, to clarify certain clauses set forth in the Existing Registration Rights Agreement with respect to the Shelf Registration Statement as defined in the PIPE Registration Rights Agreement, and to clarify certain aspects of the relationship between the Company’s obligations under the Existing Registration Rights Agreement and the Company’s obligations under the PIPE Registration Rights Agreement.

Income Taxes

Income Taxes	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Income Taxes	17. Income Taxes The components of the expense for income taxes are as follows for the years ended December 31, 2017 and 2016: For the year ended December 31, 2017 2016 Current $ — $ — Federal — — State — — Foreign (633,530 ) 305,320 Total $ (633,530 ) $ 305,320 Deferred $ — $ — Federal — — State — — Foreign — — Total $ — $ — Total income tax provision $ (633,530 ) $ 305,320 The effective tax rate is reconciled to the U.S. federal statutory rate as follows as of December 31, 2017 and 2016, respectively: For the year ended December 31, 2017 2016 Income tax benefit at the applicable federal rate (34%) $ (9,377,341 ) $ (5,990,776 ) Permanent difference 348,212 105,246 Change in valuation allowance (3,365,900 ) 6,041,273 Deferred true-up 1,785,761 (87,594 ) Remeasurement of deferred taxes for tax law change 7,813,999 18,885 Currency exchange rate change 2,809,109 — Foreign rate differential 3,160 (70,660 ) Employee Retention credit (17,000 ) — Withholding tax (633,530 ) 288,946 Income tax expense (benefit) $ (633,530 ) $ 305,320 The tax effects of the temporary differences between financial statement income and taxable income are recognized as deferred tax assets and liabilities. Significant components of the deferred tax assets and liabilities as of December 31, 2017 and 2016 respectively are as follows: December 31, 2017 December 31, 2016 Deferred assets Stock-based compensation $ 376,224 $ 363,242 Accrued vacation 54,335 50,126 Accrued bonus 235,297 179,178 Interest limitation 226,664 161,353 Withholding tax — 151,982 Employee retention credit 17,000 — R&D credit 46,497 — Other accruals 118,500 2,216,408 Intangible assets 1,396 3,784 Tax losses 19,005,628 14,788,371 Total deferred tax assets $ 20,081,541 $ 17,914,444 Deferred liability Prepaids (2,758 ) — Property, plant and equipment (6,394,456 ) (586,730 ) Total deferred tax liabilities $ (6,397,214 ) $ (586,730 ) Net deferred tax asset 13,684,327 17,327,714 Valuation allowance (13,684,327 ) (17,327,714 ) Total net deferred tax assets $ — $ — The Company has established a valuation allowance to fully reserve the net deferred tax asset due to the uncertainty of the timing and amounts of future taxable income. At December 31, 2017, the Company has a federal tax loss carry forward of $68,146,909 and a foreign tax loss carry forward of $15,857,215, both of which have been fully reserved. The loss carryforwards expire as follows: Expiration year Amount 2018 $ 179,117 2019 776,313 2020 2,335,596 2021 5,004,157 2022 and forward 75,708,941 Total $ 84,004,124 The Company records accrued interest and penalties related to unrecognized tax benefits in general and administrative expense. No amounts of interest expense and penalties have been accrued or recognized related to unrecognized tax benefits since inception. We are currently subject to a three-year statute of limitations by major tax jurisdictions. On June 20, 2017, all convertible debt was converted into approximately 29.5 million shares of the Company’s Common Stock resulting in a change of ownership greater than 50%. As a result, the Company’s ability to offset its income with its U.S. net operating losses are limited by the Internal Revenue Code Section 382. The Tax Cuts and Jobs Act of 2017 was signed into law on December 22, 2017. The law includes significant changes to the U.S. corporate income tax system, including a federal corporate rate reduction from 35% to 21%. In accordance with ASC 740, the impact of a change in tax law is recorded in the period of enactment. There is no impact from the re-measurement of deferred tax assets and liabilities at December 31, 2017 because of the full valuation allowance.

Quarterly Financial Data (Unaud

Quarterly Financial Data (Unaudited)	12 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Quarterly Financial Data (unaudited)	18. Quarterly Financial Data (unaudited) Summarized quarterly financial data for the years ended December 31, 2017 and 2016 are presented below. Quarter Ended March 2017 June 2017 September 2017 December 2017 Revenue $ 2,562,657 $ 8,527,659 $ 13,120,229 $ 19,807,203 Operating loss 4,163,579 6,582,248 6,476,191 8,690,201 Loss before income taxes 5,662,285 6,147,834 6,640,063 9,130,225 Net loss 5,029,025 6,147,834 6,640,063 9,129,955 Basic and diluted loss per share $ 0.34 $ 0.31 $ 0.10 $ 0.12 Quarter Ended March 2016 June 2016 September 2016 December 2016 Revenue $ 1,833,905 $ 2,337,579 $ 2,117,977 $ 2,062,775 Operating loss 3,048,172 3,030,586 3,767,825 3,477,574 Loss before income taxes 4,792,051 3,591,068 4,733,088 4,503,721 Net loss 4,864,287 3,663,305 4,805,325 4,592,331 Basic and diluted loss per share $ 0.36 $ 0.27 $ 0.35 $ 0.34

Segment Reporting

Segment Reporting	12 Months Ended
	Dec. 31, 2017
Segment Reporting [Abstract]
Segment Reporting	19. Segment Reporting As a result of the Company beginning revenue generating activities in the U.S. in the second quarter of 2017, we are reporting the results of each of our two reportable segments beginning with the second quarter of 2017 in accordance with ASC 280, Segment Reporting Our two operating segments are managed through operating segments that are aligned with our geographic operating locations of Argentina and the U.S. We also report certain corporate and other non-operating activities under the heading “Corporate and Other”, which primarily reflects corporate personnel and activities, research and development activities, incentive compensation programs and other costs. We account for intersegment sales at prices that we generally establish by reference to similar transactions with unaffiliated customers. Reporting segments are measured based on gross margin, which is defined as revenues reduced by total cost of services. Cost of services exclude research and development expenses and depreciation and amortization expense. Summarized financial information is shown in the following tables: Year Ended December 31, 2017 2016 Revenues (1) Argentina $ 19,553,584 $ 8,352,236 United States 24,464,164 — Total revenues $ 44,017,748 $ 8,352,236 Cost of services (1,2) Argentina $ 24,934,757 10,630,233 United States 28,067,742 — Total cost of services $ 53,002,499 $ 10,630,233 Gross margin (1,2) Argentina $ (5,381,173 ) $ (2,277,997 ) United States (3,603,578 ) — Total gross margin $ (8,984,751 ) $ (2,277,997 ) Capital expenditures: Argentina $ 548,108 $ 1,788,320 United States 34,805,359 — Corporate and Other 25,974 2,802,760 Total capital expenditures $ 35,379,441 $ 4,591,080 Depreciation and amortization: Argentina $ 4,105,417 $ 3,270,125 United States 2,593,145 — Corporate and Other 1,330,685 1,397,672 Total depreciation and amortization $ 8,029,247 $ 4,667,797 (1) U.S. activity began in February 2017 with start-up expenses being incurred. The Company began recognizing U.S. revenue in late May 2017. Intersegment transactions included in revenues were not significant for any of the periods presented. (2) Gross margin is defined as revenues less costs of services. Cost of services excludes selling, general and administrative expenses, research and development expenses and depreciation and amortization expense.

Subsequent Events

Subsequent Events	12 Months Ended
	Dec. 31, 2017
Subsequent Events [Abstract]
Subsequent Events	20. Subsequent Events Receivables Agreement. Under the terms of the Receivables Agreement, we are obligated to pay interest on the face amount of the outstanding and unpaid Accounts purchased by Buyer, less the amount of the reserve account, at an interest rate equal to the Prime Rate (as defined in the Receivables Agreement) plus 8.25%. We are also obligated under the Receivables Agreement to pay certain fees, including a fee (the “Minimum Term Fee”) payable upon termination of the agreement in an amount equal to: (i) the monthly interest rate multiplied by $5 million, multiplied by the number of months in the agreement term, less the amount of actual interest paid during the term of the agreement; or (ii) following the occurrence of an Event of Default (as defined below) that has not been cured within the time periods contemplated under the agreement, $1.8 million, less the amount of actual interest paid during the term of the agreement. The Minimum Term Fee is subject to reduction under certain circumstances if Buyer does not purchase certain eligible Accounts that are presented for purchase by us. All of our obligations under the Receivables Agreement are secured by liens on certain of our assets, including the accounts receivable, chattel paper, inventory relating to our U.S. operations and substantially all of our equipment for our U.S. operations (excluding equipment subject to vendor financing). The Receivables Agreement further provides for customary events of default (“Events of Default”), including but not limited to the failure to make payments when due; insolvency events; the failure to comply with covenant obligations arising under the agreement or other agreements with Buyer or its affiliates; and breaches of representations and warranties. Upon the occurrence of an Event of Default, Porter Capital may terminate the Receivables Agreement and declare all of our outstanding obligations under the Receivables Agreement to be due and payable. The Receivables Agreement also includes certain representations, warranties and covenants customary for agreements of this type. The Receivables Agreement has an initial term of one year and will renew for successive one-year terms unless we provide notice of cancellation in accordance with the terms of the Agreement. We may also terminate the Receivables Agreement prior to the expiration of the term upon written notice and payment of our obligations thereunder.

Basis of Presentation and Sig27

Basis of Presentation and Significant Accounting Policies (Policies)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Principles of Consolidation	Principles of Consolidation We consolidate all wholly-owned subsidiaries, controlled joint ventures and variable interest entities where the Company has determined it is the primary beneficiary. All material intercompany accounts and transactions have been eliminated in consolidation. Our wholly-owned subsidiaries include: Viking Rock Holding, AS (100%), Viking Rock, AS (100% owned), Cherokee Rock, Inc. (100% owned), EcoStim, Inc. (100% owned), and EcoStim Energy Solutions Argentina, SA (100% owned).
Going Concern	Going Concern The Company has incurred net losses and losses from operations since inception and will require additional capital to continue operations. As of December 31, 2017, the Company had cash and cash equivalents of approximately $8.8 million and working capital deficit of approximately $2.0 million. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans to alleviate substantial doubt include: (i) deploying all U.S. fleets at higher rates; (ii) securing a working capital facility to enhance liquidity and support growth; (iii) re-negotiating the contract with its largest customer in Argentina to eliminate certain third-party services which contributed negatively to the Company’s fleet level gross margins in Argentina during 2017; (iv) re-negotiating the contract with the Company’s largest customer in Argentina to improve utilization and reduce stand-by time, thus eliminating factors that have contributed to negative fleet level gross margin in Argentina; and, (v) raising additional capital for the Company. As of March 15, 2018, the Company has all fleets deployed, and the one non-deployed fleet as of December 31, 2017 has been deployed at rates higher than rates in 2017. In February 2018, the Company secured a receivable agreement designed to enhance liquidity and support growth as described in Note 20. The Company has engaged in negotiations with its customer in Argentina to seek modifications to the contract that would provide the Company with more favorable operating results. However, there can be no assurance that the Company’s efforts to renegotiate the terms of the contract will be successful, and the Company may continue to incur losses under the contract in the future. Management believes the Company has the ability to continue as a going concern for twelve months from the date of filing of this 10-K.
Use of Estimates	Use of Estimates The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenue and expenses during the reporting period. Estimates are used in, but are not limited to, determining the following: allowance for doubtful accounts, recoverability of long-lived assets and intangibles, useful lives used in depreciation and amortization, income taxes and stock-based compensation. The accounting estimates used in the preparation of the consolidated financial statements may change as new events occur, as more experience is acquired, as additional information is obtained and as the Company’s operating environment changes.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents. The Company maintains deposits in several financial institutions, which may at times exceed amounts covered by insurance provided by the U.S. Federal Deposit Insurance Corporation (“FDIC”). The Company has not experienced any losses related to amounts in excess of FDIC limits.
Revenue Recognition	Revenue Recognition All revenue is recognized when persuasive evidence of an arrangement exists, specific performance completed, the price is fixed or determinable, and collection is reasonably assured as follows: Well Stimulation Revenue The Company provides well stimulation services based on contractual arrangements, such as term contracts and pricing agreements, or on a spot market basis. Revenue is recognized upon completion of stimulation stages and includes the components of the services, and the chemicals and proppants consumed while performing the well stimulation services. Customers are invoiced upon the completion of each job, which can consist of one or more stimulation stages. Under term pricing agreement arrangements, customers commit to targeted utilization levels at agreed-upon pricing, but without termination penalties or obligations to pay for services not used by the customer. In addition, the agreed-upon pricing is typically subject to periodic review. Spot market basis arrangements are based on an agreed-upon hourly spot market rate. The Company also charges fees for setup and mobilization of equipment depending on the job, additional equipment used on the job, if any, and materials that are consumed during the well stimulation process. Generally, these fees and other charges vary depending on the equipment and personnel required for the job and market conditions in the region in which the services are performed. The Company also generates revenues from chemicals and proppants that are consumed while performing well stimulation services. Coiled Tubing Revenue The Company began providing coiled tubing and other well stimulation services in early 2015. Jobs for these services are typically short term in nature, lasting anywhere from a few hours to multiple days. Revenue is recognized upon completion of each job based upon a completed field ticket. The Company charges the customer for mobilization, services performed, personnel on the job, equipment used on the job, and miscellaneous consumables at agreed-upon spot market rates.
Fair Value of Financial Instruments	Fair Value of Financial Instruments The Company’s financial instruments consist of cash and cash equivalents, accounts receivable, other assets, accounts payable, accrued expenses, capital lease obligations and notes payable. The recorded values of cash and cash equivalents, accounts receivable, other assets, accounts payable, and accrued expenses approximate their fair values based on their short-term nature. The carrying value of capital lease obligations and notes payable approximate their fair value, and the interest rates approximate market rates.
Functional and Presentation Currency	Functional and Presentation Currency Items included in the financial statements of each of the Company’s entities are measured using the currency of the primary economic environment in which the entity operates (the “functional currency”). The functional currency for the Norwegian and Argentine subsidiaries is the U.S. Dollar. The consolidated financial statements are presented in U.S. Dollars, which is the Company’s presentation currency.
Net Loss Per Common Share	Net Loss per Common Share For the years ended December 31, 2017 and 2016, the weighted average shares outstanding excluded certain stock options and convertible debt of 1,605,575 and 4,478,507, respectively, from the calculation of diluted earnings per share because these shares would be anti-dilutive. Anti-dilutive warrants of 100,000 for each of the years ended December 31, 2017 and 2016 were also excluded from the calculation.
Accounts Receivable	Accounts Receivable Accounts receivable are stated at amounts management expects to collect from outstanding balances both billed and unbilled (unbilled accounts receivable represents amounts recognized as revenue for which invoices have not yet been sent to clients). Management provides for probable uncollectible amounts through a charge to earnings and a credit to a valuation allowance based on its assessment of the current status of individual accounts. To date, the Company has recognized only insignificant losses due to uncollectible accounts. Balances still outstanding after management has used reasonable collection efforts are written off through a charge to the valuation allowance and a credit to accounts receivable. The Company evaluated all accounts receivable and determined that no reserve for doubtful accounts was necessary at December 31, 2017 and 2016. Included in the accounts receivable balance are certain unbilled receivables with a significant customer that relate to work performed before the company entered into its rotational on-call contract in 2016. Under this prior arrangement, the Company was required to go through an arduous process to collect the outstanding amounts and while the Company has a track record of collecting amounts billed under this prior arrangement, it has proven to take long periods of time. At December 31, 2017 and 2016, there were $0 and approximately $855,706, respectively, in outstanding unbilled amounts due under this prior arrangement. All amounts included in this arrangement have been collected. Further, amounts billed to this significant customer under the rotational on-call contracts signed earlier this year have been collected within a more normal timeframe.
Prepaids	Prepaids Prepaid expenses are primarily comprised of Argentinian value added tax, revenue and gross income taxes along with prepaid insurance and prepaid vehicle registration fees. The prepaid value added tax will be reduced as the Company continues to invoice customers in Argentina.
Inventory	Inventory Inventories are stated at the lower of cost or net realizable value using the average method and appropriate consideration is given to deterioration, obsolescence and other factors in evaluating net realizable value.
Property, Plant and Equipment	Property, Plant and Equipment Property, Plant and Equipment (“PPE”) is stated at historical cost less depreciation. Historical cost includes expenditures that are directly attributable to the acquisition of the items. Depreciation is computed using the straight-line method over the estimated useful lives of the assets for financial reporting purposes. Expenditures for major renewals and betterments that extend the useful lives are capitalized. Expenditures for normal maintenance and repairs are expensed as incurred. The cost of assets sold or abandoned and the related accumulated depreciation are eliminated from the accounts and any gains or losses are reflected in the accompanying consolidated statements of operations for the respective period. The estimated useful lives of our major classes of PPE are as follows: Major Classes of PPE Estimated Useful Lives Machinery and equipment 2-7 years Vehicles 5 years Leasehold improvements 5 years (or the life of the lease) Furniture and office equipment 3-5 years
Leases	Leases The Company leases certain equipment under lease agreements. The Company evaluates each lease to determine its appropriate classification as an operating or capital lease for financial reporting purposes. Any lease that does not meet the criteria for a capital lease is accounted for as an operating lease. The assets and liabilities under capital leases are recorded at the lower of the present value of the minimum lease payments or the fair market value of the related assets. Assets under capital leases are amortized using the straight-line method over the lease term. Amortization of assets under capital leases is included in depreciation expense.
Stock-Based Compensation	Stock-Based Compensation The Company accounts for its stock options, warrants, and restricted stock grants under the fair value recognition provisions of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 718. The Company currently uses the straight-line amortization method for recognizing stock option and restricted stock compensation costs. The measurement and recognition of compensation expense for all share-based payment awards made to our employees, directors or outside service providers are based on the estimated fair value of the awards on the grant dates. The grant date fair value is estimated using either an option-pricing model which is consistent with the terms of the award or a market observed price, if such a price exists. Such cost is recognized over the period during which an employee, director or outside service provider is required to provide service in exchange for the award, i.e., “the requisite service period” (which is usually the vesting period). The Company also estimates the number of instruments that will ultimately be earned, rather than accounting for forfeitures as they occur. For the years ended December 31, 2017 and 2016, the Company recorded $1,754,706 and $695,910, respectively, of stock-based compensation, which is included in cost of services, selling, general and administrative expense, and research and development in the statement of operations. Total unamortized stock-based compensation expense at December 31, 2017 was $3,247,370 compared to $928,786 at December 31, 2016, and will be fully expensed through 2020.
Impairment of Long-Lived Assets	Impairment of Long-Lived Assets The Company reviews its long-lived assets for impairment when changes in circumstances indicate that the carrying amount of an asset may not be recoverable. ASC Topic 360 requires the Company to review long-lived assets for impairment whenever events or changes in circumstances indicate the carrying amount of an asset or group of assets may not be recoverable. The impairment review includes a comparison of future cash flows expected to be generated by the asset or group of assets with their associated carrying value. If the carrying value of the asset or group of assets exceeds expected cash flows (undiscounted and without interest charges), an impairment loss is recognized to the extent that the carrying value exceeds the fair value. If estimated future cash flows are not achieved with respect to long-lived assets, additional write-downs may be required. During 2017, the Company evaluated its long-lived assets for impairment and determined no impairment was necessary.
Major Customers and Concentration of Credit Risk	Major Customers and Concentration of Credit Risk. The majority of the Company’s business is conducted with major and independent oil and gas companies in Argentina. The Company evaluates the financial strength of its customers and provides allowances for probable credit losses when deemed necessary. The Company derives a large amount of revenue from a small number of major and independent oil and gas companies. At December 31, 2017, the Company had a concentration of receivables with three customers. For the years ended December 31, 2017 and 2016, three major customers accounted for approximately 99% and 100% of our services revenue, respectively. Our accounts receivable at December 31, 2017 were concentrated with three major customers representing 99% and at December 31, 2016 were concentrated with one major customer representing 73%. The Company places its cash and cash equivalents with high credit quality financial institutions.
Income Taxes	Income Taxes Deferred income taxes are determined using the asset and liability method in accordance with ASC Topic 740. Deferred tax assets and liabilities are recognized for the future tax consequences attributable to differences between the financial statement carrying amounts of existing assets and liabilities and their respective tax bases. Deferred income taxes are measured using enacted tax rates expected to apply to taxable income in years in which such temporary differences are expected to be recovered or settled. The effect of a change in tax rates on deferred income taxes is recognized in the consolidated statement of operations of the period that includes the enactment date. In addition, a valuation allowance is established to reduce any deferred tax asset for which it is determined that it is more likely than not that some portion of the deferred tax asset will not be realized. The Company is subject to U.S. federal and foreign income taxes along with state income taxes in Texas and Oklahoma. When tax returns are filed, it is highly certain that some positions taken would be sustained upon examination by the taxing authorities, while others are subject to uncertainty about the merits of the position taken or the amount of the position that would be ultimately sustained. The benefit of a tax position is recognized in the financial statements in the period during which, based on all available evidence, management believes it is more likely than not that the position will be sustained upon examination, including the resolution of appeals or litigation processes, if any. Tax positions taken are not offset or aggregated with other positions. Tax positions that meet the more-likely-than-not recognition threshold are measured as the largest amount of tax benefit that is more than 50% likely of being realized upon settlement with the applicable taxing authority. The portion of the benefits associated with tax positions taken that exceeds the amount measured as described above is reflected as a liability for unrecognized tax benefits in the accompanying consolidated balance sheets along with any associated interest and penalties that would be payable to the taxing authorities upon examination.
Accounting Guidance Issued and Adopted as of December 31, 2017	Accounting Guidance Issued and Adopted as of December 31, 2017 In July 2015, the FASB issues ASU No. 2015-11, “Inventory (Topic 330)”, (“ASU 2015-11”) which amends and simplifies the measurement of inventory. The main provisions of the standard require that inventory be measured at the lower of cost and net realizable value. Prior to the issuance of the standard, inventory was measured at the lower of cost or market (where market was defined as replacement cost, with a ceiling of net realizable value and floor of net realizable value less a normal profit margin). The Company adopted ASU 2015-11 as of January 1, 2017. The adoption did not have a material impact on the Company’s consolidated financial statements and related disclosures.
Accounting Guidance Issued but Not Adopted as of December 31, 2017	Accounting Guidance Issued but Not Adopted as of December 31, 2017 The recent accounting standards that have been issued or proposed by the Financial Accounting Standards Board (“FASB”) or other standards-setting bodies that do not require adoption until a future date are not expected to have a material impact on the consolidated financial statements upon adoption. In May 2014, the FASB issued Accounting Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers, which requires us to recognize the amount of revenue to which we expect to be entitled for the transfer of promised goods or services to customers. The ASU will replace most existing revenue recognition guidance in U.S. GAAP when it becomes effective. The new standard is effective on January 1, 2018, and we will adopt accordingly. The standard permits the use of either the retrospective or cumulative effect transition method. We are evaluating the effect ASU 2014-09 will have on our consolidated financial statements and related disclosures. The Company has performed an initial evaluation of this standard and its impact on the financial statements. This included tasks such as identifying contracts, identifying performance obligations and reviewing the applicable revenue streams. In this review, nothing has been identified that would result in a material change in the current accounting for revenue. The Company will continue to evaluate, particularly as we enter into new contracts and will update its procedures and internal controls and provide additional training for its staff as necessary to comply with this standard. On February 25, 2016, the FASB issued ASU 2016-02 Leases (Topic 842), which requires an entity to recognize assets and liabilities arising from a lease for both financing and operating leases. The ASU will also require new qualitative and quantitative disclosures to help investors and other financial statement users better understand the amount, timing, and uncertainty of cash flows arising from leases. ASU 2016-02 is effective for fiscal years beginning after December 15, 2018, with early adoption permitted. The Company is currently evaluating the effect this standard will have on its Consolidated Financial Statements. In May 2017, the FASB issued ASU 2017-09, Compensation-Stock Compensation (Topic 718): Scope of Modification Accounting. The general model for modifications of share-based payment awards is to record the incremental value arising from a change as additional compensation costs. This guidance clarifies situations in which the existing award is not probable of vesting, and a modification gives rise to a new measurement date; no change in the total compensation cost recognized for an existing award will be required if there is no change to the fair value, vesting conditions and classification of the award. This ASU is effective prospectively for annual periods beginning on or after December 31, 2017. Early adoption is permitted. The application of this amendment is not expected to have a material impact on our future Consolidated Financial Statements or related disclosures.

Basis of Presentation and Sig28

Basis of Presentation and Significant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2017
Accounting Policies [Abstract]
Schedule of Estimated Useful Lives of Property, Plant and Equipment	The estimated useful lives of our major classes of PPE are as follows: Major Classes of PPE Estimated Useful Lives Machinery and equipment 2-7 years Vehicles 5 years Leasehold improvements 5 years (or the life of the lease) Furniture and office equipment 3-5 years

Accounts Receivable (Tables)

Accounts Receivable (Tables)	12 Months Ended
	Dec. 31, 2017
Receivables [Abstract]
Schedule of Accounts Receivable	Accounts receivable by category were as follows: December 31, 2017 December 31, 2016 Billed $ 4,439,637 $ 2,010,001 Unbilled 5,727,407 855,706 Total accounts receivable $ 10,167,044 $ 2,865,707

Inventory (Tables)

Inventory (Tables)	12 Months Ended
	Dec. 31, 2017
Inventory Disclosure [Abstract]
Summary of Inventories by Category	Inventories by category were as follows: December 31, 2017 December 31, 2016 Chemicals and proppants $ 1,513,373 $ 897,994 Spare parts 2,185,872 1,149,169 Total inventories $ 3,699,245 $ 2,047,163

Prepaids (Tables)

Prepaids (Tables)	12 Months Ended
	Dec. 31, 2017
Prepaids Tables
Summary of Prepaid by Category	Prepaid by category were as follows: December 31, 2017 December 31, 2016 Prepaid insurance $ 142,531 $ 95,433 Prepaid value added tax 1,772,733 992,979 Prepaid other taxes 1,162,618 690,909 Prepaid other vendors and vehicle registrations 1,285,182 139,554 Total prepaid $ 4,363,064 $ 1,918,875

Other Assets (Tables)

Other Assets (Tables)	12 Months Ended
	Dec. 31, 2017
Other Assets [Abstract]
Schedule of Other Assets	December 31, 2017 December 31, 2016 Deposits $ 703,004 $ 10,507 Other current assets 84,842 21,157 Total other current assets $ 787,846 $ 31,664 Short-term deposits increased and long-term deposits decreased from 2016 to 2017 due to the maturity of the capital lease arrangement. As the least term end is reached in 2018, the deposit is being applied to the final six payments. December 31, 2017 December 31, 2016 Long term deposits $ — $ 325,756 Total other non-current assets $ — $ 325,756

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2017
Property, Plant and Equipment [Abstract]
Schedule of Property, Plant and Equipment	Property, plant and equipment consists of the following: December 31, 2017 December 31, 2016 Land $ 600,000 $ 600,000 Leasehold improvement 772,357 726,361 Computer hardware & software 737,200 547,428 Furniture & fixtures 600,943 210,941 Machinery & equipment 76,014,771 25,395,633 Machinery & equipment under construction 13,091,352 17,969,630 Work in progress 100,362 994,597 Property and equipment 91,916,985 46,444,590 Less accumulated depreciation (16,091,446 ) (8,062,199 ) Property and equipment, net $ 75,825,539 $ 38,382,391

Accrued Expenses (Tables)

Accrued Expenses (Tables)	12 Months Ended
	Dec. 31, 2017
Payables and Accruals [Abstract]
Schedule of Accrued Expenses	Accrued expenses consist of the following: December 31, 2017 December 31, 2016 Accrued salaries $ 777,163 $ 183,572 Accrued accounts payable trade expenses 2,986,689 1,449,139 Accrued bonuses 524,000 526,994 Accrued vacations 522,340 468,015 Accrued interest 10,582 1,875,460 Total accrued expenses $ 4,820,774 $ 4,503,180

Debt (Tables)

Debt (Tables)	12 Months Ended
	Dec. 31, 2017
Debt Disclosure [Abstract]
Schedule of Debt Obligation	The carrying values of our debt obligations, net of unamortized debt issuance costs of $0 and $262,596 as of December 31, 2017 and December 31, 2016, respectively, are as follows: December 31, 2017 December 31, 2016 Short Term Long Term Short Term Long Term Vendor Equipment Financing $ 7,047,020 $ 1,172,712 $ — $ — Stockholder Note — — 2,000,000 — ACM Note Agreement — — — 21,737,404 Total $ 7,047,020 $ 1,172,712 $ 2,000,000 $ 21,737,404
Schedule of Debt Future Minimum Payments	The total future minimum payments due on our Vendor Equipment Financings as of December 31, 2017 are noted as follows: Total payments for 2018 $ 7,047,019 Total payments for 2019 789,313 Total payments for 2020 383,400 Total future payments — Total payments $ 8,219,732

Stock-Based Compensation (Table

Stock-Based Compensation (Tables)	12 Months Ended
	Dec. 31, 2017
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Schedule of Stock Option Activity	A summary of the Company’s stock option activity for the years ended December 31, 2017 and 2016, is presented below: Awards Shares Weighted Average Exercise Price Weighted Average Remaining Contractual Term Options outstanding at December 31, 2015 895,214 $ 5.40 8.28 Granted 82,500 3.00 Exercised — — Forfeited (20,000 ) 5.06 Options outstanding at December 31, 2016 957,714 $ 5.20 7.44 Granted 4,248,968 1.84 Exercised — — Forfeited (141,682 ) 5.18 Options outstanding at December 31, 2017 5,065,000 $ 2.38 8.26 Options exercisable at December 31, 2017 1,610,407 $ 3.34 6.51
Schedule of Fair Value of Option Award	The following table presents the assumptions used in determining the fair value of option awards for the year ended December 31, 2017 and 2016: 2017 2016 Weighted average grant date fair value per share of awards granted $ 0.78 $ 1.80 Significant fair value assumptions: Expected term (in years) 5.75 2.40 Volatility 51.38 % 59.26 % Risk-free interest rate 1.99 % 0.58 % Expected dividends — —
Summary of Award Activity Under Restricted Stock Plan	A summary of award activity under the Plan for the years ended December 31, 2017 and 2016 is presented below: Shares Weighted Average Grant Date Fair Value Non-vested at December 31, 2015 241,625 Granted 91,500 2.77 Vested (116,375 ) Non-vested at December 31, 2016 216,750 Granted 1,104,100 1.42 Vested (335,500 ) Non-vested at December 31, 2017 985,350

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2017
Commitments and Contingencies Disclosure [Abstract]
Schedule of Future Minimum Lease Payments Under Capital Leases	The next five years of lease payments are: Capital Lease Payments 2018 $ 977,267 2019 — Total future payments 977,267 Less debt discount due to warrants (70,167 ) Less amount representing interest (70,245 ) Less current portion of capital lease obligations (836,855 ) Capital lease obligations, excluding current installments $ —
Schedule of Future Minimum Lease Payments for Operating Leases	The combined future minimum lease payments as of December 31, 2017 are as follows: Operating Leases 2018 $ 468,070 2019 69,000 Thereafter — Total $ 537,070

Related Party Transactions (Tab

Related Party Transactions (Tables)	12 Months Ended
	Dec. 31, 2017
Related Party Transactions [Abstract]
Schedule of Fair Value of Warrants Option Award	Volatility 75 Expected lives years 5.75 Expected dividend yield — Risk free rates 1.75

Income Taxes (Tables)

Income Taxes (Tables)	12 Months Ended
	Dec. 31, 2017
Income Tax Disclosure [Abstract]
Schedule of Components of Income Tax (Provision)	The components of the expense for income taxes are as follows for the years ended December 31, 2017 and 2016: For the year ended December 31, 2017 2016 Current $ — $ — Federal — — State — — Foreign (633,530 ) 305,320 Total $ (633,530 ) $ 305,320 Deferred $ — $ — Federal — — State — — Foreign — — Total $ — $ — Total income tax provision $ (633,530 ) $ 305,320
Schedule of Effective Income Taxes Rate	The effective tax rate is reconciled to the U.S. federal statutory rate as follows as of December 31, 2017 and 2016, respectively: For the year ended December 31, 2017 2016 Income tax benefit at the applicable federal rate (34%) $ (9,377,341 ) $ (5,990,776 ) Permanent difference 348,212 105,246 Change in valuation allowance (3,365,900 ) 6,041,273 Deferred true-up 1,785,761 (87,594 ) Remeasurement of deferred taxes for tax law change 7,813,999 18,885 Currency exchange rate change 2,809,109 — Foreign rate differential 3,160 (70,660 ) Employee Retention credit (17,000 ) — Withholding tax (633,530 ) 288,946 Income tax expense (benefit) $ (633,530 ) $ 305,320
Schedule of Deferred Income Tax Assets	Significant components of the deferred tax assets and liabilities as of December 31, 2017 and 2016 respectively are as follows: December 31, 2017 December 31, 2016 Deferred assets Stock-based compensation $ 376,224 $ 363,242 Accrued vacation 54,335 50,126 Accrued bonus 235,297 179,178 Interest limitation 226,664 161,353 Withholding tax — 151,982 Employee retention credit 17,000 — R&D credit 46,497 — Other accruals 118,500 2,216,408 Intangible assets 1,396 3,784 Tax losses 19,005,628 14,788,371 Total deferred tax assets $ 20,081,541 $ 17,914,444 Deferred liability Prepaids (2,758 ) — Property, plant and equipment (6,394,456 ) (586,730 ) Total deferred tax liabilities $ (6,397,214 ) $ (586,730 ) Net deferred tax asset 13,684,327 17,327,714 Valuation allowance (13,684,327 ) (17,327,714 ) Total net deferred tax assets $ — $ —
Summary of Loss Carryforwards Expiration Year	The loss carryforwards expire as follows: Expiration year Amount 2018 $ 179,117 2019 776,313 2020 2,335,596 2021 5,004,157 2022 and forward 75,708,941 Total $ 84,004,124

Quarterly Financial Data (Una40

Quarterly Financial Data (Unaudited) (Tables)	12 Months Ended
	Dec. 31, 2017
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Summary of Quarterly Financial Data	Summarized quarterly financial data for the years ended December 31, 2017 and 2016 are presented below. Quarter Ended March 2017 June 2017 September 2017 December 2017 Revenue $ 2,562,657 $ 8,527,659 $ 13,120,229 $ 19,807,203 Operating loss 4,163,579 6,582,248 6,476,191 8,690,201 Loss before income taxes 5,662,285 6,147,834 6,640,063 9,130,225 Net loss 5,029,025 6,147,834 6,640,063 9,129,955 Basic and diluted loss per share $ 0.34 $ 0.31 $ 0.10 $ 0.12 Quarter Ended March 2016 June 2016 September 2016 December 2016 Revenue $ 1,833,905 $ 2,337,579 $ 2,117,977 $ 2,062,775 Operating loss 3,048,172 3,030,586 3,767,825 3,477,574 Loss before income taxes 4,792,051 3,591,068 4,733,088 4,503,721 Net loss 4,864,287 3,663,305 4,805,325 4,592,331 Basic and diluted loss per share $ 0.36 $ 0.27 $ 0.35 $ 0.34

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
	Dec. 31, 2017
Segment Reporting [Abstract]
Schedule of Revenue from Geographically Classified Segments	Summarized financial information is shown in the following tables: Year Ended December 31, 2017 2016 Revenues (1) Argentina $ 19,553,584 $ 8,352,236 United States 24,464,164 — Total revenues $ 44,017,748 $ 8,352,236 Cost of services (1,2) Argentina $ 24,934,757 10,630,233 United States 28,067,742 — Total cost of services $ 53,002,499 $ 10,630,233 Gross margin (1,2) Argentina $ (5,381,173 ) $ (2,277,997 ) United States (3,603,578 ) — Total gross margin $ (8,984,751 ) $ (2,277,997 ) Capital expenditures: Argentina $ 548,108 $ 1,788,320 United States 34,805,359 — Corporate and Other 25,974 2,802,760 Total capital expenditures $ 35,379,441 $ 4,591,080 Depreciation and amortization: Argentina $ 4,105,417 $ 3,270,125 United States 2,593,145 — Corporate and Other 1,330,685 1,397,672 Total depreciation and amortization $ 8,029,247 $ 4,667,797 (1) U.S. activity began in February 2017 with start-up expenses being incurred. The Company began recognizing U.S. revenue in late May 2017. Intersegment transactions included in revenues were not significant for any of the periods presented. (2) Gross margin is defined as revenues less costs of services. Cost of services excludes selling, general and administrative expenses, research and development expenses and depreciation and amortization expense.

Basis of Presentation and Sig42

Basis of Presentation and Significant Accounting Policies (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Cash and cash equivalents	$ 8,826,076	$ 1,731,364	$ 11,742,489
Working capital deficit	2,000,000
Allowance for doubtful accounts
Unbilled accounts receivable	0	855,706
Stock based compensation	1,754,706	695,910
Unamortized stock based compensation	$ 3,247,370	$ 928,786
Percentage on tax benefit likely of being realized upon settlement with the applicable taxing authority	more than 50%
Services Revenue [Member] | Three Major Customers [Member]
Percentage of concentration of credit risk	99.00%	100.00%
Accounts Receivable [Member] | Three Major Customers [Member]
Percentage of concentration of credit risk	99.00%
Accounts Receivable [Member] | One Major Customers [Member]
Percentage of concentration of credit risk		73.00%
Warrant [Member]
Anti-dilutive securities	100,000	100,000
Potential Shares from Convertible Debt [Member]
Anti-dilutive securities	1,605,575	4,478,507
Viking Rock Holding, AS [Member]
Ownership interest rate percentage	100.00%
Viking Rock, AS [Member]
Ownership interest rate percentage	100.00%
Cherokee Rock, Inc. [Member]
Ownership interest rate percentage	100.00%
EcoStim, Inc. [Member]
Ownership interest rate percentage	100.00%
EcoStim Energy Solutions Argentina, SA [Member]
Ownership interest rate percentage	100.00%

Basis of Presentation and Sig43

Basis of Presentation and Significant Accounting Policies - Schedule of Estimated Useful Lives of Property, Plant and Equipment (Details)	12 Months Ended
	Dec. 31, 2017
Machinery and Equipment [Member] | Minimum [Member]
Equipment useful live	2 years
Machinery and Equipment [Member] | Maximum [Member]
Equipment useful live	7 years
Vehicles [Member]
Equipment useful live	5 years
Leasehold Improvements [Member]
Equipment useful live	5 years
Furniture and Office Equipment [Member] | Minimum [Member]
Equipment useful live	3 years
Furniture and Office Equipment [Member] | Maximum [Member]
Equipment useful live	5 years

Accounts Receivable - Schedule

Accounts Receivable - Schedule of Accounts Receivable (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Accounts receivable	$ 10,167,044	$ 2,865,707
Billed [Member]
Accounts receivable	4,439,637	2,010,001
Unbilled [Member]
Accounts receivable	$ 5,727,407	$ 855,706

Inventory - Summary of Inventor

Inventory - Summary of Inventories by Category (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Inventory Disclosure [Abstract]
Chemicals and proppants	$ 1,513,373	$ 897,994
Spare parts	2,185,872	1,149,169
Total inventories	$ 3,699,245	$ 2,047,163

Prepaids - Summary of Prepaid b

Prepaids - Summary of Prepaid by Category (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Prepaids Tables
Prepaid insurance	$ 142,531	$ 95,433
Prepaid value added tax	1,772,733	992,979
Prepaid other taxes	1,162,618	690,909
Prepaid other vendors and vehicle registrations	1,285,182	139,554
Total prepaids	$ 4,363,064	$ 1,918,875

Other Assets - Schedule of Othe

Other Assets - Schedule of Other Assets (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Other Assets [Abstract]
Deposits	$ 703,004	$ 10,507
Other current assets	84,842	21,157
Total other current assets	787,846	31,664
Long term deposits		325,756
Total other non-current assets		$ 325,756

Property, Plant and Equipment48

Property, Plant and Equipment (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
U.S. Depreciation expense	$ 8,000,000	$ 3,400,000
Due to acquisition of machinery and equipment	$ 4,700,000

Property, Plant and Equipment -

Property, Plant and Equipment - Schedule of Property, Plant and Equipment (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Property, Plant and Equipment [Abstract]
Land	$ 600,000	$ 600,000
Leasehold improvement	772,357	726,361
Computer hardware & software	737,200	547,428
Furniture & fixtures	600,943	210,941
Machinery & equipment	76,014,771	25,395,633
Machinery & equipment under construction	13,091,352	17,969,630
Work in progress	100,362	994,597
Property and equipment	91,916,985	46,444,590
Less accumulated depreciation	(16,091,446)	(8,062,199)
Property and equipment, net	$ 75,825,539	$ 38,382,391

Accrued Expenses - Schedule of

Accrued Expenses - Schedule of Accrued Expenses (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Payables and Accruals [Abstract]
Accrued salaries	$ 777,163	$ 183,572
Accrued accounts payable trade expenses	2,986,689	1,449,139
Accrued bonuses	524,000	526,994
Accrued vacations	522,340	468,015
Accrued interest	10,582	1,875,460
Total accrued expenses	$ 4,820,774	$ 4,503,180

Debt (Details Narrative)

Debt (Details Narrative) - USD ($)

Jun. 20, 2017

Jun. 15, 2017

Mar. 03, 2017

May 28, 2014

Mar. 31, 2017

Dec. 31, 2017

Dec. 20, 2017

Nov. 30, 2017

Sep. 29, 2017

Sep. 28, 2017

Dec. 31, 2016

Nov. 30, 2016

Oct. 10, 2014

Debt instrument unamortized debt

$ 0

$ 262,596

Short-term notes payable

$ 7,047,020

2,000,000

Accrued interest

$ 24,548

Common stock outstanding

74,577,899

14,464,087

Common stock, par value

$ 0.001

$ 0.001

Debt converted shares of common stock

29,500,000

ACM Note [Member]

Debt instrument interest rate

20.00%

Debt instrument principal amount

$ 2,400,000

Debt maturity date

May 28, 2018

NOV Rolligon [Member]

Accrued interest

$ 7,438

Debt instrument interest rate

8.00%

Loan balance

6,130,567

Ford Motor Credit Corporation [Member]

Accrued interest

1,894

Debt instrument interest rate

4.99%

Loan balance

816,226

Hitachi Capital America Corporation [Member]

Accrued interest

3,354

Debt instrument interest rate

8.59%

Loan balance

903,463

Mercedes-Benz Financial Services USA, LLC [Member]

Accrued interest

991

Debt instrument interest rate

8.90%

Loan balance

$ 369,475

Fir Tree [Member] | Convertible Debt [Member]

Debt instrument interest rate

14.00%

Debt instrument principal amount

$ 22,000,000

Debt instruments conversion price per share

$ 1.40

Debt instrument period

2,018

Common stock outstanding

2,030,436

Common stock, par value

$ 0.001

Convertible notes payable

$ 41,400,000

Debt converted shares of common stock

29,500,000

Fir Tree [Member] | New Convertible Note [Member]

Debt instrument principal amount

19,400,000

Fir Tree [Member] | Convertible Note One [Member]

Debt instrument principal amount

$ 17,000,000

Equipment Purchase Agreement [Member] | Gordon Brothers Commercial & Industrial, LLC [Member]

Debt payable

$ 1,000,000

$ 1,000,000

Original Note Agreement [Member]

Accrued interest

$ 1,831,123

Line of credit drawn down amount

$ 22,000,000

Original Note Agreement [Member] | Convertible Debt [Member] | Albright Capital Management [Member]

Debt instrument principal amount

$ 22,000,000

Debt instruments conversion price per share

$ 6

Debt accrued interest rate

14.00%

Original Note Agreement [Member] | Fir Tree [Member]

Debt instrument principal amount

$ 22,000,000

Debt instrument period

2,018

Debt - Schedule of Debt Obligat

Debt - Schedule of Debt Obligation (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Short term, total	$ 7,047,020	$ 2,000,000
Long term, total	1,172,712	21,737,404
Vendor Equipment Financing [Member]
Short term, total	7,047,020
Long term, total	1,172,712
Stockholder Note [Member]
Short term, total		2,000,000
Long term, total
ACM Note Agreement [Member]
Short term, total
Long term, total		$ 21,737,404

Debt - Schedule of Debt Future

Debt - Schedule of Debt Future Minimum Payments (Details)	Dec. 31, 2017USD ($)
Debt Disclosure [Abstract]
Total payments for 2018	$ 7,047,019
Total payments for 2019	789,313
Total payments for 2020	383,400
Total future payments
Total payments	$ 8,219,732

Deferred Debt Costs (Details Na

Deferred Debt Costs (Details Narrative) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Deferred debt costs		$ 262,596
Accumulated amortization		$ 478,853

Equity Offerings (Details Narra

Equity Offerings (Details Narrative) - USD ($)	Aug. 08, 2017	Jul. 06, 2017	Jul. 13, 2016	Dec. 31, 2017	Dec. 31, 2016
Common stock par value				$ 0.001	$ 0.001
Proceeds from sale of registered securities of common stock				$ 41,624,402	$ 1,558,555
Existing Shareholder [Member] | Offering [Member]
Shares issued price per share		$ 1.50
Two Existing Shareholder [Member] | Offering [Member]
Shares issued price per share	$ 1.43
Private Placement [Member] | Existing Shareholder [Member]
Proceeds from sale of common stock		$ 14,900,000
Proceeds of common stock, gross		$ 15,000,000
Common stock, shares issued		10,000,000
Private Placement [Member] | Two Existing Shareholder [Member]
Proceeds from sale of common stock	$ 26,700,000
Proceeds of common stock, gross	$ 28,000,000
Common stock, shares issued	19,580,420
At-Market Issuance Sales Agreement [Member]
Common stock par value			$ 0.001
Proceeds from sale of common stock			$ 5,801,796
Number of registered securities of common stock sold				563,753	796,573
Proceeds from sale of registered securities of common stock				$ 982,385	$ 1,722,596
Commission amount				$ 15,605	$ 164,000

Stockholders_ Equity (Details N

Stockholders’ Equity (Details Narrative) - USD ($)	3 Months Ended
	Dec. 31, 2013	Dec. 31, 2017	Dec. 31, 2016
Common stock, shares authorized		200,000,000	200,000,000
Common stock, shares outstanding		74,577,899	14,464,087
Common stock outstanding value		$ 74,578	$ 14,485
Preferred stock, shares authorized		50,000,000	50,000,000
Preferred stock, shares outstanding
Treasury stock, shares		21,850	21,850
Treasury stock cost		$ 57,469	$ 57,469
Issuance of common stock warrants	100,000
Issuance common stock warrants, exercise price per share	$ 7	$ 7
Warrants expire period	5 years
Warrants exercised term	exercised on a one for one basis starting July 1, 2014.
December 16, 2015 through December 16, 2017 [Member]
Number of treasury common stock outstanding value		$ 5,000,000

Employee Benefit Plan (Details

Employee Benefit Plan (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Retirement Benefits [Abstract]
Percentage of company contribution on employee plan	5.00%
Contribution by the company	$ 326,683	$ 81,326

Stock-Based Compensation (Detai

Stock-Based Compensation (Details Narrative) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015	Jun. 15, 2017
Stock-based compensation	$ 1,754,706	$ 695,910
Unamortized stock based compensation expense	$ 3,247,370	$ 928,786
Future expensing period description for unamortized stock based compensation	through 2,020
Stock option expiration term	10 years
Percentage of fair market value of shares granted	110.00%
Weighted average exercise price, outstanding	$ 3.34
Stock option exercised
Stock option intrinsic value	$ 5,424
Minimum [Member]
Weighted average exercise price, outstanding	$ 0.33
Maximum [Member]
Weighted average exercise price, outstanding	$ 7
2013 Stock Incentive Plan [Member]
Number of shares authorized to be issued	1,000,000
Number of shares available for grant under the plan	122,510
2014 Stock Incentive Plan [Member]
Number of shares authorized to be issued	700,000
2015 Stock Incentive Plan [Member]
Number of shares authorized to be issued	1,700,000
Number of shares available for grant under the plan	461,329			5,000,000
2015 Stock Incentive Plan [Member] | Minimum [Member]
Number of shares available for grant under the plan				1,200,000
2015 Stock Incentive Plan [Member] | Maximum [Member]
Number of shares available for grant under the plan				6,200,000

Stock-Based Compensation - Sche

Stock-Based Compensation - Schedule of Stock Option Activity (Details) - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Number of Options Outstanding, Beginning balance	957,714	895,214
Number of Options, Granted	4,248,968	82,500
Number of Options, Exercised
Number of Options, Forfeited	(141,682)	(20,000)
Number of Options Outstanding, Ending balance	5,065,000	957,714	895,214
Number of Options Exercisable	1,610,407
Weighted Average Exercise Price, Outstanding, Beginning	$ 5.20	$ 5.40
Weighted Average Exercise Price, Granted	1.84	3
Weighted Average Exercise Price, Exercised
Weighted Average Exercise Price, Forfeited	5.18	5.06
Weighted Average Exercise Price, Outstanding, Ending	2.38	$ 5.20	$ 5.40
Weighted Average Exercise Price, Exercisable	$ 3.34
Weighted Average Remaining Contractual Terms Options outstanding, Beginning	7 years 5 months 9 days	8 years 3 months 11 days
Weighted Average Remaining Contractual Terms Options outstanding, Ending	8 years 3 months 4 days	7 years 5 months 9 days
Weighted Average Remaining Contractual Terms Options exercisable, Ending	6 years 6 months 3 days

Stock-Based Compensation - Sc60

Stock-Based Compensation - Schedule of Fair Value of Option Award (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Weighted average grant date fair value per share of awards granted	$ 0.78	$ 1.80
Expected term (in years)	5 years 9 months	2 years 4 months 24 days
Volatility	51.38%	59.26%
Risk-free interest rate	1.99%	0.58%
Expected dividends

Stock-Based Compensation - Summ

Stock-Based Compensation - Summary of Award Activity Under Restricted Stock Plan (Details) - $ / shares	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Shares, Granted	4,248,968	82,500
Restricted Stock [Member]
Number of Non-vested Options Outstanding, Beginning balance	216,750	241,625
Shares, Granted	1,104,100	91,500
Shares, Vested	(335,500)	(116,375)
Number of Non-vested Options Outstanding, Ending balance	985,350	216,750
Weighted average grant date fair value	$ 1.42	$ 2.77

Commitments and Contingencies62

Commitments and Contingencies (Details Narrative) - USD ($)	3 Months Ended	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2017	Dec. 31, 2013
Purchase of upgraded equipment from non-related parties	$ 3,500,000
Prepayment for equipment from non-related parties	$ 1,000,000
Other current assets		$ 488,633
Minimum present value of the lease payments		$ 900,000
Percentage of lease payment Interest		14.00%
July 1, 2014 [Member]
Payment for rent		$ 81,439
Capital Lease Obligations [Member]
Lease term			60 months

Commitments and Contingencies -

Commitments and Contingencies - Schedule of Future Minimum Lease Payments Under Capital Leases (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Less current portion of capital lease obligations	$ 836,855	$ 789,166
Capital lease obligations, excluding current installments		$ 766,687
Capital Lease Obligations [Member]
2,018	977,267
2,019
Total future payments	977,267
Less debt discount due to warrants	(70,167)
Less amount representing interest	(70,245)
Less current portion of capital lease obligations	836,855
Capital lease obligations, excluding current installments

Commitments and Contingencies64

Commitments and Contingencies - Schedule of Future Minimum Lease Payments for Operating Leases (Details) - Operating Leases [Member]	Dec. 31, 2017USD ($)
2,018	$ 468,070
2,019	69,000
Thereafter
Total	$ 537,070

Related Party Transactions (Det

Related Party Transactions (Details Narrative) - USD ($)

Aug. 08, 2017

Aug. 02, 2017

Jul. 06, 2017

Jun. 20, 2017

Mar. 03, 2017

Dec. 31, 2013

Dec. 31, 2017

Dec. 31, 2013

Aug. 01, 2017

Dec. 31, 2016

Nov. 30, 2016

Oct. 10, 2014

Purchase of upgraded equipment from non-related parties

$ 3,500,000

Payments for advance to affiliates

$ 1,000,000

Issuance stock and warrants for sale of lease bask transaction

100,000

Warrant exercise price per share

$ 7

$ 7

$ 7

Warrants expiration year

Expiration date of five years after the initial exercise date of July 1, 2014.

Fair value issuance of warrants

$ 400,000

Debt converted shares of common stock

29,500,000

Common stock par value

$ 0.001

$ 0.001

ACM Emerging Markets Fund I [Member] | Fir Tree [Member]

Debt instrument principal amount

$ 22,000,000

Debt instrument period

2,018

Convertible Note [Member] | Fir Tree [Member]

Debt instrument principal amount

$ 19,400,000

Convertible notes payable

$ 41,400,000

Debt instruments conversion price per share

$ 1.40

$ 1.40

Debt converted shares of common stock

29,538,786

Conversion of debt reduced amount

$ 41,400,000

Equipment Purchase Agreement [Member] | Gordon Brothers Commercial & Industrial, LLC [Member]

Debt payable

$ 1,000,000

$ 1,000,000

Securities Purchase Agreement [Member] | Private Placement [Member]

Number of common stock shares purchased

10,000,000

Proceeds of common stock, gross

$ 15,000,000

Proceeds from sale of common stock

$ 14,800,000

Securities Purchase Agreement [Member] | Fir Tree and Bienville [Member] | Private Placement [Member]

Common stock par value

$ 0.001

Share issued price per share

$ 1.50

Subscription Agreement [Member] | Private Placement [Member]

Proceeds of common stock, gross

$ 28,000,000

Proceeds from sale of common stock

$ 26,900,000

Subscription Agreement [Member] | August Purchaers [Member]

Number of common stock shares purchased

10,124,364

Share issued price per share

$ 1.43

Subscription Agreement [Member] | Fir Tree [Member]

Number of common stock shares purchased

9,456,056

Subscription Agreement [Member] | Bienville Argentina Fund [Member]

Number of common stock shares purchased

1,923,077

February 1, 2014 [Member]

Payment for rent

$ 81,000

Capital Lease Obligations [Member]

Lease term

60 months

Related Party Transactions - Sc

Related Party Transactions - Schedule of Fair Value of Warrants Option Award (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Volatility	51.38%	59.26%
Expected lives years	5 years 9 months	2 years 4 months 24 days
Expected dividend yield
Risk free rates	1.99%	0.58%
Warrant [Member]
Volatility	75.00%
Expected lives years	5 years 9 months
Expected dividend yield
Risk free rates	1.75%

Income Taxes (Details Narrative

Income Taxes (Details Narrative) - USD ($)	Dec. 22, 2017	Jun. 20, 2017	Dec. 31, 2017	Dec. 31, 2016
Federal net operating loss carryforwards			$ 68,146,909
Foreign tax loss carryforwards			$ 15,857,215
Debt converted shares of common stock		29,500,000
Effective income tax rate			34.00%	34.00%
Tax Cuts and Jobs Act [Member]
Effective income tax rate	35.00%
Effective income deduction tax rate	21.00%
Maximum [Member]
Ownership interest		50.00%

Income Taxes - Schedule of Comp

Income Taxes - Schedule of Components of Income Tax (Provision) (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Current taxes: Federal
Current taxes: State
Current taxes: Foreign	(633,530)	305,320
Total current taxes	(633,530)	305,320
Deferred taxes: Federal
Deferred taxes: State
Deferred taxes: Foreign
Total
Total income tax provision	$ (633,529)	$ 305,320

Income Taxes - Schedule of Effe

Income Taxes - Schedule of Effective Income Taxes Rate (Details) - USD ($)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Income tax benefit at the applicable federal rate (34%)	$ (9,377,341)	$ (5,990,776)
Permanent difference	348,212	105,246
Change in valuation allowance	(3,365,900)	6,041,273
Deferred true-up	1,785,761	(87,594)
Remeasurement of deferred taxes for tax law change	7,813,999	18,885
Currency exchange rate change	2,809,109
Foreign rate differential	3,160	(70,660)
Employee Retention credit	(17,000)
Withholding tax	(633,530)	288,946
Income tax expense (benefit)	$ (633,529)	$ 305,320

Income Taxes - Schedule of Ef70

Income Taxes - Schedule of Effective Income Taxes Rate (Details) (Parenthetical)	12 Months Ended
	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Federal income tax rate	34.00%	34.00%

Income Taxes - Schedule of Defe

Income Taxes - Schedule of Deferred Income Tax Assets (Details) - USD ($)	Dec. 31, 2017	Dec. 31, 2016
Income Tax Disclosure [Abstract]
Deferred assets, Stock-based compensation	$ 376,224	$ 363,242
Deferred assets, Accrued Vacation	54,335	50,126
Deferred assets, Accrued Bonus	235,297	179,178
Deferred assets, Interest limitation	226,664	161,353
Deferred assets, Withholding tax		151,982
Deferred assets, Employee retention credit	17,000
Deferred assets, R&D credit	46,497
Deferred assets, Other Accruals	118,500	2,216,408
Deferred assets, Intangible Assets	1,396	3,784
Deferred assets, Tax losses	19,005,628	14,788,371
Total deferred tax assets	20,081,541	17,914,444
Deferred liability, Prepaids	(2,758)
Deferred liability, Property, plant and equipment	(6,394,456)	(586,730)
Deferred liability, Total deferred tax liabilities	(6,397,214)	(586,730)
Deferred liability, Net deferred tax asset	13,684,327	17,327,714
Deferred liability, Valuation Allowance	(13,684,327)	(17,327,714)
Total net deferred tax assets

Income Taxes - Summary of Loss

Income Taxes - Summary of Loss Carryforwards Expiration Year (Details)	Dec. 31, 2017USD ($)
Total	$ 84,004,124
2018 [Member]
Total	179,117
2019 [Member]
Total	776,313
2020 [Member]
Total	2,335,596
2021 [Member]
Total	5,004,157
2022 And Forward [Member]
Total	$ 75,708,941

Quarterly Financial Data (Una73

Quarterly Financial Data (Unaudited) - Summary of Quarterly Financial Data (Details) - USD ($)	3 Months Ended								12 Months Ended
	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Revenue	$ 19,807,203	$ 13,120,229	$ 8,527,659	$ 2,562,657	$ 2,062,775	$ 2,117,977	$ 2,337,579	$ 1,833,905	$ 44,017,748	$ 8,352,236
Operating Loss	8,690,201	6,476,191	6,582,248	4,163,579	3,477,574	3,767,825	3,030,586	3,048,172	(25,912,219)	(13,324,157)
Loss before income taxes	9,130,225	6,640,063	6,147,834	5,662,285	4,503,721	4,733,088	3,591,068	4,792,051
Net Loss	$ 9,129,955	$ 6,640,063	$ 6,147,834	$ 5,029,025	$ 4,592,331	$ 4,805,325	$ 3,663,305	$ 4,864,287	$ (26,946,877)	$ (17,925,248)
Basic and diluted Loss per share	$ 0.12	$ 0.10	$ 0.31	$ 0.34	$ 0.34	$ 0.35	$ 0.27	$ 0.36	$ (0.41)	$ (1.32)

Segment Reporting (Details Narr

Segment Reporting (Details Narrative)	12 Months Ended
	Dec. 31, 2017Segment
Segment Reporting [Abstract]
Number of reportable segment	2

Segment Reporting - Schedule o

Segment Reporting - Schedule of Revenue from Geographically Classified Segments (Details) - USD ($)		3 Months Ended								12 Months Ended
		Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2017	Mar. 31, 2017	Dec. 31, 2016	Sep. 30, 2016	Jun. 30, 2016	Mar. 31, 2016	Dec. 31, 2017	Dec. 31, 2016
Revenues		$ 19,807,203	$ 13,120,229	$ 8,527,659	$ 2,562,657	$ 2,062,775	$ 2,117,977	$ 2,337,579	$ 1,833,905	$ 44,017,748	$ 8,352,236
Cost of services										53,002,499	10,630,233
Gross margin										(8,984,751)	(2,277,997)
Capital expenditures										35,379,441	4,591,080
Depreciation and amortization										8,029,247	4,667,797
Argentina [Member]
Revenues	[1]									19,553,584	8,352,236
Cost of services	[1],[2]									24,934,757	10,630,233
Gross margin	[1],[2]									(5,381,173)	(2,277,997)
Capital expenditures										548,108	1,788,320
Depreciation and amortization										4,105,417	3,270,125
United States [Member]
Revenues	[1]									24,464,164
Cost of services	[1],[2]									28,067,742
Gross margin	[1],[2]									(3,603,578)
Capital expenditures										34,805,359
Depreciation and amortization										2,593,145
Corporate and Other [Member]
Capital expenditures										25,974	2,802,760
Depreciation and amortization										$ 1,330,685	$ 1,397,672
[1]	U.S. activity began in February 2017 with start-up expenses being incurred. The Company began recognizing U.S. revenue in late May 2017. Intersegment transactions included in revenues were not significant for any of the periods presented.
[2]	Gross margin is defined as revenues less costs of services. Cost of services excludes selling, general and administrative expenses, research and development expenses and depreciation and amortization expense.

Subsequent Events (Details Narr

Subsequent Events (Details Narrative) - Subsequent Event [Member] - Recourse Receivables Purchase & Security Agreement [Member]	Feb. 08, 2018USD ($)
Percentage of face amount of applicable at time of sale accounts receivable	80.00%
Percentage of remaining face amount applicable fees and interest charges	20.00%
Total face amount of outstanding	$ 5,000,000
Event of default amount	1,800,000
Maximum [Member]
Total face amount of outstanding	$ 12,500,000
Prime Rate [Member]
Debt interest rate	8.25%