Exhibit 99.2
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| ITEM 6. | SELECTED FINANCIAL DATA |
The following selected financial data for 2012, 2011, 2010, 2009, and 2008 should be read in conjunction with the accompanying consolidated financial statements and related notes in "Item 8. Financial Statements and Supplementary Data" hereof.
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| | | | | | | | | | | | | | | | | | | |
| | As of December 31, |
| | 2012 | | 2011 | | 2010 | | 2009 | | 2008 |
| Total assets | $ | 350,260,242 |
| | $ | 345,322,607 |
| | $ | 360,491,122 |
| | $ | 371,571,157 |
| | $ | 390,986,924 |
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| Total liabilities | $ | 140,173,053 |
| | $ | 155,514,335 |
| | $ | 199,831,437 |
| | $ | 244,046,346 |
| | $ | 298,712,216 |
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| Total stockholders’ equity | $ | 210,087,189 |
| | $ | 189,808,272 |
| | $ | 160,659,685 |
| | $ | 127,524,811 |
| | $ | 92,274,708 |
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| Outstanding debt | $ | 132,356,123 |
| | $ | 122,025,672 |
| | $ | 168,840,592 |
| | $ | 216,841,297 |
| | $ | 274,332,679 |
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| Outstanding long-term debt | $ | 132,356,123 |
| | $ | 122,025,672 |
| | $ | 168,840,592 |
| | $ | — |
| | $ | 208,600,930 |
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| | For the Year Ended December 31, |
| | 2012 | | 2011 | | 2010 | | 2009 | | 2008 |
| Total revenues | $ | 44,199,779 |
| | $ | 40,017,827 |
| | $ | 47,582,144 |
| | $ | 52,245,649 |
| | $ | 48,271,055 |
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| Net loss | $ | (8,870,732 | ) | | $ | (11,945,363 | ) | | $ | (15,809,720 | ) | | $ | (19,948,257 | ) | | $ | (53,274,682 | ) |
| Net loss available to common stockholders | $ | (9,244,724 | ) | | $ | (13,502,038 | ) | | $ | (19,518,100 | ) | | $ | (23,588,636 | ) | | $ | (56,317,035 | ) |
Adjusted EBITDA(1) | $ | 15,468,471 |
| | $ | 7,169,366 |
| | $ | 10,509,644 |
| | $ | 13,738,972 |
| | $ | 10,830,037 |
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| Cash flows provided by (used in) operating activities | $ | 11,425,870 |
| | $ | 4,572,131 |
| | $ | 5,154,517 |
| | $ | 5,029,535 |
| | $ | (6,593,970 | ) |
| Cash flows (used in) provided by investing activities | $ | (18,342,419 | ) | | $ | (536,033 | ) | | $ | (937,989 | ) | | $ | (1,646,784 | ) | | $ | 3,000,109 |
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| Cash flows provided by (used in) financing activities | $ | 11,288,668 |
| | $ | (5,976,092 | ) | | $ | (1,064,439 | ) | | $ | (1,865,964 | ) | | $ | 6,239,172 |
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| Per-share data—basic and diluted: | | | | | | | | | |
| Net loss available to common stockholders | $ | (0.73 | ) | | $ | (1.19 | ) | | $ | (2.14 | ) | | $ | (3.41 | ) | | $ | (15.03 | ) |
| Weighted-average common shares outstanding | 12,741,822 |
| | 11,395,632 |
| | 9,122,648 |
| | 6,922,680 |
| | 3,748,310 |
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(1) | See “Management’s Discussion and Analysis of Financial Condition and Results of Operations — Adjusted EBITDA” for the definition and information regarding why we present Adjusted EBITDA and for a reconciliation of this non-GAAP financial measure to net loss. |
