Dakota Plains 10-Q 7 Aug 15 2015 Q2 Quarterly report Financial data

Document And Entity Information

Document And Entity Information - shares	6 Months Ended
	Jun. 30, 2015	Aug. 06, 2015
Document And Entity Information [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Period End Date	Jun. 30, 2015
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2,015
Entity Registrant Name	Dakota Plains Holdings, Inc.
Entity Central Index Key	1,367,311
Current Fiscal Year End Date	--12-31
Entity Filer Category	Accelerated Filer
Entity Common Stock, Shares Outstanding		55,095,810

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Jun. 30, 2015	Dec. 31, 2014
CURRENT ASSETS
Cash and Cash Equivalents	$ 5,221,381	$ 4,690,706
Trade Receivables, Net	6,959,661	3,268,386
Income Tax Receivable	14,803	14,803
Other Current Assets	656,256	99,776
Other Receivables	527,277	781,135
Deferred Tax Asset	912,000	2,266,000
Total Current Assets	14,291,378	11,120,806
PROPERTY AND EQUIPMENT
Land	3,191,521	3,191,521
Site Development	5,829,640	5,829,640
Terminal	21,505,220	21,383,972
Machinery	18,208,136	18,133,754
Construction in Process	5,388,163	1,886,470
Other Property and Equipment	12,234,176	11,910,987
Total Property and Equipment	66,356,856	62,336,344
Less - Accumulated Depreciation	8,391,499	6,143,159
Total Property and Equipment, Net	57,965,357	56,193,185
FINANCE COSTS, NET	1,057,111	1,537,795
RESTRICTED CASH	3,000,293	3,000,000
DEFERRED TAX ASSET	28,327,000	26,762,000
OTHER ASSETS	542,902	512,901
Total Assets	105,184,041	99,126,687
CURRENT LIABILITIES
Accounts Payable	10,319,666	7,387,612
Accrued Expenses	1,776,197	1,696,358
Promissory Notes, SunTrust	23,625,000	23,250,000
Operational Override Liability	646,702	715,497
Notes Payable - Vehicles	56,745
Total Current Liabilities	36,424,310	33,049,467
LONG-TERM LIABILITIES
Promissory Notes, SunTrust	27,500,000	25,250,000
Operational Override Liability	44,136,636	44,595,370
Notes Payable - Vehicles	198,688
Other Non-Current Liabilities	6,417	9,917
Total Long-Term Liabilities	71,841,741	69,855,287
Total Liabilities	$ 108,266,051	$ 102,904,754
STOCKHOLDERS' DEFICIT
Preferred Stock - Par Value $.001; 10,000,000 Shares Authorized; None Issued or Outstanding
Common Stock - Par Value $.001; 100,000,000 Shares Authorized; 55,095,810 and 55,044,829 Issued and Outstanding, Respectively	$ 55,095	$ 55,044
Additional Paid-In Capital	7,330,751	6,267,788
Accumulated Deficit	(10,467,856)	(10,100,899)
Total Stockholders' Deficit	(3,082,010)	(3,778,067)
Total Liabilities and Stockholders' Deficit	$ 105,184,041	$ 99,126,687

Condensed Consolidated Balance3

Condensed Consolidated Balance Sheets (Parenthetical) - $ / shares	Jun. 30, 2015	Dec. 31, 2014
Condensed Consolidated Balance Sheets [Abstract]
Preferred stock, par value	$ 0.001	$ 0.001
Preferred stock, shares authorized	10,000,000	10,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	55,095,810	55,044,829
Common stock, shares outstanding	55,095,810	55,044,829

Condensed Consolidated Statemen

Condensed Consolidated Statements Of Operations - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
REVENUES
Transloading Revenue	$ 5,804,272	$ 7,298,561	$ 14,283,533	$ 12,754,019
Sand Revenue	1,560,055	176,187	2,438,428	176,187
Rental Income	30,000	30,000	60,000	60,000
Other	1,316,700		1,316,700
Total Revenues	8,711,027	7,504,748	18,098,661	12,990,206
COST OF REVENUES	2,075,834	1,757,462	4,290,496	3,856,161
OPERATING EXPENSES
Transloading Operating Expenses	1,280,374	516,150	2,404,246	978,385
General and Administrative Expenses	2,625,458	1,939,107	4,544,647	4,494,650
Depreciation and Amortization	1,140,326	1,086,271	2,248,340	2,121,486
Total Operating Expenses	5,046,158	3,541,528	9,197,233	7,594,521
INCOME FROM OPERATIONS	1,589,035	2,205,758	4,610,932	1,539,524
OTHER INCOME (EXPENSE)
Interest Expense, Net of Interest Income	(2,012,040)	(504,244)	(3,958,782)	(1,006,380)
Other Expense	(457,945)		(1,222,607)
Total Other Income (Expense)	(2,469,985)	(1,870,864)	(5,181,389)	(2,164,914)
INCOME (LOSS) BEFORE TAXES	(880,950)	334,894	(570,457)	(625,390)
INCOME TAX BENEFIT	(331,000)	(647,000)	(203,500)	(1,161,885)
NET INCOME (LOSS)	(549,950)	981,894	(366,957)	536,495
NET INCOME ATTRIBUTABLE TO NON-CONTROLLING INTERESTS		2,018,943		2,909,807
NET LOSS ATTRIBUTABLE TO SHAREHOLDERS OF DAKOTA PLAINS HOLDINGS, INC.	$ (549,950)	$ (1,037,049)	$ (366,957)	$ (2,373,312)
Net Loss Per Common Share - Basic and Diluted	$ (0.01)	$ (0.02)	$ (0.01)	$ (0.04)
Weighted Average Shares Outstanding - Basic and Diluted	54,184,792	53,781,435	54,135,531	53,690,564
Dakota Petroleum Transport Solutions Marketing, LLC [Member]
OTHER INCOME (EXPENSE)
Income (Loss) from Investment		$ (1,669,846)		$ (1,583,214)
Dakota Plains Services, LLC [Member]
OTHER INCOME (EXPENSE)
Income (Loss) from Investment		$ 303,226		$ 424,680

Condensed Consolidated Stateme5

Condensed Consolidated Statements Of Cash Flows - USD ($)	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
CASH FLOWS FROM OPERATING ACTIVITIES
Net Income (Loss)	$ (366,957)	$ 536,495
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided By (Used In) Operating Activities
Depreciation and Amortization	2,248,340	2,121,486
Amortization of Debt Discount		174,813
Amortization of Finance Costs	480,684	36,586
Deferred Income Taxes	(211,000)	(1,170,000)
Non-Cash Rental Expense		(9,790)
Amortization of Deferred Rent	(3,500)	(3,500)
Share-Based Compensation	1,259,951	1,504,293
Changes in Working Capital and Other Items:
Increase in Trade Receivables	(3,691,275)	(1,321,269)
Decrease (Increase) in Other Receivables	253,858	(116,775)
Decrease (Increase) in Other Current Assets	(406,481)	153,068
Decrease in Due from Related Party		1,514,475
Increase in Accounts Payable	428,160	122,509
Decrease in Accrued Expenses	(46,048)	(1,317,679)
Decrease in Accounts Payable - Related Party		(722)
Increase in Restricted Cash	(293)
Decrease in Operational Override Liability	(481,011)
Decrease in Other Assets		1,802
Net Cash Provided By (Used In) Operating Activities	(535,572)	3,403,906
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of Property and Equipment	(1,516,618)	(8,481,863)
Cash Paid for Deposits	(30,000)
Net Cash Used In Investing Activities	(1,546,618)	(8,481,863)
CASH FLOWS USED IN FINANCING ACTIVITIES
Common Shares Surrendered	(221,050)	(645,679)
Principal Payments on Promissory Note, Pioneer Terminal		(287,703)
Cash Distributions Paid to Non-Controlling Interests		(1,954,941)
Advances on Promissory Notes, SunTrust	3,000,000
Payments on Promissory Notes, SunTrust	(375,000)
Proceeds from Notes Payable - Vehicles	270,165
Payments on Notes Payable - Vehicles	(14,732)
Payment on Operational Override Liability	(46,518)
Net Cash Provided By (Used In) Financing Activities	2,612,865	(2,888,323)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS	530,675	(7,966,280)
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD	4,690,706	13,011,608
CASH AND CASH EQUIVALENTS - END OF PERIOD	5,221,381	5,045,328
Supplemental Disclosure of Cash Flow Information
Cash Paid During the Period for Interest	2,681,241	866,041
Cash Paid During the Period for Income Taxes	7,500	8,115
Non-Cash Financing and Investing Activities:
Purchase of Property and Equipment Paid Subsequent to Period End	$ 3,258,527	1,382,639
Change in Preferred Dividend Receivable		247,942
Dakota Petroleum Transport Solutions Marketing, LLC [Member]
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided By (Used In) Operating Activities
Income from Investment		1,583,214
Dakota Plains Services, LLC [Member]
Adjustments to Reconcile Net Income (Loss) to Net Cash Provided By (Used In) Operating Activities
Income from Investment		$ (424,680)

Organization and Nature of Busi

Organization and Nature of Business	6 Months Ended
	Jun. 30, 2015
Organization And Nature Of Business [Abstract]
Organization And Nature Of Business	1. Organization and Nature of Business Dakota Plains Holdings, Inc. (the "Company," "our," and words of similar import) is an integrated midstream energy company, principally focused on developing and owning transloading facilities and transloading crude oil and related products within the Williston Basin. Dakota Plains Transloading, LLC ("DPT"), a wholly owned subsidiary of the Company, was formed in August 2011 primarily to participate in the ownership and operation of a transloading facility near New Town, North Dakota through which producers, transporters and marketers may transload crude oil and related products from and onto the Canadian Pacific Railway. Dakota Plains Marketing, LLC ("DPM"), a wholly owned subsidiary of the Company, was formed in April 2011 primarily to engage in the purchase, sale, storage, transport and marketing of hydrocarbons produced within North Dakota to or from refineries and other end-users or persons. Effective November 30, 2014, the Company ceased the purchase and sale of crude oil. Dakota Plains Sand, LLC, a wholly owned subsidiary of the Company, was formed in May 2014 primarily to participate in the ownership and operation of a sand transloading facility near New Town, North Dakota. The Company is governed by its board of directors and managed by its officers.

Summary Of Significant Accounti

Summary Of Significant Accounting Policies	6 Months Ended
	Jun. 30, 2015
Summary Of Significant Accounting Policies [Abstract]
Summary Of Significant Accounting Policies	2. Summary of Significant Accounting Policies The financial information included herein is unaudited, except for the consolidated balance sheet as of December 31, 2014, which has been derived from the Company's audited consolidated financial statements for the year ended December 31, 2014. However, such information includes all adjustments (consisting of normal recurring adjustments and changes in accounting principles), which are in the opinion of management, necessary for a fair presentation of the consolidated financial position, results of operations and cash flows for the interim period. The results of operations for interim periods are not necessarily indicative of the results to be expected for an entire year. Certain information, accounting policies, and footnote disclosures normally included in the consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America ("GAAP") have been omitted in this Form 10-Q pursuant to certain rules and regulations of the Securities and Exchange Commission ("SEC"). The consolidated financial statements should be read in conjunction with the audited consolidated financial statements for the year ended December 31, 2014. New Accounting Pronouncements From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board ("FASB") that are adopted by the Company as of the specified effective date. If not discussed, management believes that the impact of recently issued standards, which are not yet effective, will not have a material impact on the Company's consolidated financial statements upon adoption. In May 2014, the FASB issued Accounting Standards Update ("ASU") No. 2014-09, "Revenue from Contracts with Customers." In June 2014, the FASB issued ASU 2014-12, "Compensation - Stock Compensation" effective for annual periods and interim periods within those periods beginning after December 15, 2015. The amendments require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. The Company is currently evaluating the impact of the provisions of ASU 2014-12; however, the standard is not expected to have a material effect on the Company's consolidated financial position, results of operations or cash flows. In April 2015, the FASB issued ASU 2015-03, "Interest – Imputation of Interest" effective for annual periods and interim periods within those periods beginning after December 31, 2015. The new guidance requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. This new guidance will be effective for us beginning January 1, 2016. We are currently evaluating the impact of this standard on our consolidated financial statements. Liquidity As of June 30, 2015, we had cash and cash equivalents and trade receivables of approximately $ 12.2 12.1 24.3 Under the Revolving Credit Facility with SunTrust Bank ("SunTrust"), the Company has $ 6 Joint Venture Equity Investment The Company used the equity method to account for investments in joint ventures where it had significant influence, representing equity ownership of not more than 50%. Effective November 24, 2014, the Company sold its 50 At June 30, 2015 and December 31, 2014, the Company had no investments in joint ventures where it had significant influence, representing equity ownership of not more than 50%, and was not accounting for any investments using the equity method. Cash and Cash Equivalents The Company considers highly liquid investments with insignificant interest rate risk and original maturities of three months or less to be cash equivalents. Cash equivalents consist primarily of interest-bearing bank accounts and money market funds. The Company's cash positions represent assets held in checking and money market accounts. These assets are generally available to the Company on a daily or weekly basis and are highly liquid in nature. Due to the balances being greater than $ 250,000 Segments The Company has two The Company has determined that there is only one reportable segment as the two segments discussed above have similar processes and purposes, customers, geographic locations and economic characteristics. Accounts Receivable Accounts receivable are carried on a gross basis, with no discounting. The Company regularly reviews all aged accounts receivable for collectability and establishes an allowance as necessary for individual customer balances. At June 30, 2015 and December 31, 2014 there was no Property and Equipment Property and equipment are recorded at cost and depreciated using the straight-line method over their estimated useful lives. Estimated useful lives are as follows: Site Development 15 Terminal 13 Machinery 5 13 Tanks 13 Other Property and Equipment 3 5 Land — Expenditures for replacements, renewals, and betterments are capitalized. Maintenance and repairs are charged to operations as incurred. Depreciation expense was $ 1,140,326 2,248,340 1,086,271 2,121,486 0.7 Impairment FASB Accounting Standards Codification ("ASC") 360-10-35-21 requires that long-lived assets to be held and used be reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The determination of impairment is based upon expectations of undiscounted future cash flows, before interest, of the related asset. If the carrying value of the asset exceeds the undiscounted future cash flows, the impairment would be computed as the difference between the carrying value of the asset and the fair value. There was no Environmental Accrual Accruals for estimated costs for environmental obligations generally are recognized no later than the date when the Company identifies what cleanup measures, if any, are likely to be required to address the environmental conditions. Included in such obligations are the estimated direct costs to investigate and address the conditions and the associated engineering, legal and consulting costs. In making these estimates, the Company considers information that is currently available, existing technology, enacted laws and regulations, and its estimates of the timing of the required remedial actions. Such accruals are initially measured on a discounted basis — and are adjusted as further information becomes available or circumstances change — and are accreted up over time. The Company has recorded no Income Taxes The Company accounts for income taxes under FASB ASC 740-10-30 . The tax effects from an uncertain tax position can be recognized in the consolidated financial statements only if the position is more likely than not of being sustained if the position were to be challenged by a taxing authority. The Company has examined the tax positions taken in its tax returns and determined that there are no uncertain tax positions. As a result, the Company has recorded no The Company records Goodwill for income tax purposes for the amount that the purchase price paid for an asset or group of assets exceeds the fair value of the assets acquired. Goodwill is amortized over fifteen Stock-Based Compensation The Company records expenses associated with the fair value of stock-based compensation. For fully vested, restricted stock and restricted stock unit grants, the Company calculates the stock-based compensation expense based upon estimated fair value on the date of grant. For stock warrants and options, the Company uses the Black-Scholes option valuation model to calculate stock-based compensation at the date of grant. Option pricing models require the input of highly subjective assumptions, including the expected price volatility. Changes in these assumptions can materially affect the fair value estimate. Stock Issuance The Company records the stock-based compensation awards issued to non-employees and other external entities for goods and services at either the fair market value of the goods received or services rendered or the instruments issued in exchange for such services, whichever is more readily determinable, using the measurement date guidelines enumerated in FASB ASC 505-50-30. Revenue Recognition DPTS and DPTS Sand, LLC recognize revenues when the related services are performed, the sales price is fixed or determinable and collectability is reasonably assured. DPTS records transloading revenues for fuel-related services when the transloading of petroleum-related products is complete and records other revenues related to the Pioneer Terminal as they are earned based on agreements with customers. DPTS Sand, LLC records the gross sale of sale transloading services when the transloading of sand-related products is complete. Earnings Per Share Basic earnings per share ("EPS") excludes dilution and is computed by dividing net income (loss) attributable to Company stockholders by the weighted average number of common shares outstanding during the period. Diluted EPS reflects the potential dilution that could occur if common stock equivalents were exercised or converted to common stock. The dilutive effect of common stock equivalents is calculated using the treasury stock method. When a loss from continuing operations exists, all potentially dilutive securities are anti-dilutive and therefore excluded from the computation of diluted EPS. As the Company had a loss for the three- and six-month periods ended June 30, 2015 and 2014, the potentially dilutive shares are anti-dilutive and thus not added into the diluted EPS calculation. The following warrants, restricted stock and restricted stock units represent potentially dilutive shares as of June 30, 2015 and 2014: June 30, 2015 2014 Restricted Stock 781,149 1,016,150 Restricted Stock Units 1,624,121 — Stock Warrants 2,771,000 2,771,000 Total Potentially Dilutive Shares 5,176,270 3,787,150 Fair Value Measures The Company measures fair value using a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, essentially an exit price, based on the highest and best use of the asset or liability. The levels of the fair value hierarchy are as follows: Level 1 Level 2 Level 3 Use of Estimates The preparation of consolidated financial statements in conformity with 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 consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Such significant estimates include recoverability of property and equipment, depreciable lives for property and equipment, fair value of the Operational Override liability, inputs in the valuation of certain equity transactions, and accounting for income taxes. Actual results may differ from those estimates. Non-Controlling Interest FASB ASC 810 "Consolidation" requires that a non-controlling interest, previously referred to as a minority interest, be reported as part of equity in the consolidated financial statements and that losses be allocated to the non-controlling interest even when such allocation might result in a deficit balance, reducing the losses attributable to the controlling interest. The Company's non-controlling interest during the three and six months ended June 30, 2014 was due to the non-controlling member of DPTS and DPTS Sand, LLC prior to the Company's purchase of the 50% interest owned by the non-controlling member. Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of Dakota Plains Holdings, Inc. and its wholly owned subsidiaries. All significant intercompany accounts and transactions have been eliminated.

Joint Ventures

Joint Ventures	6 Months Ended
	Jun. 30, 2015
Joint Ventures [Abstract]
Joint Ventures	3. Joint Ventures DPTS Marketing LLC The Company, through its wholly owned subsidiary Dakota Plains Marketing, LLC, entered into a joint venture with Petroleum Transport Solutions, LLC ("PTS"). The Company and PTS each owned 50 50 The Company accounted for this joint venture using the equity method of accounting until the date it purchased the 50% ownership interest of PTS. The Company's share of the income or loss from the joint venture was included in other income on the condensed consolidated statement of operations for the three and six months ended June 30, 2014. Summarized unaudited financial statements of DPTSM when accounted for as an equity method investment are as follows: June 30, 2014 Three Months Ended Six Months Ended Sales $ 11,370,689 $ 26,363,804 Net Losses (3,339,691 ) (3,166,427 ) Company's Share of Equity in Net Losses (1,669,846 ) (1,583,214 ) Pro Forma Information The Company accounted for this joint venture using the equity method of accounting until the date it purchased the 50% ownership interest of PTS. The Company's share of the equity method income or loss from the joint venture was included in other income on the condensed consolidated statement of operations for the three and six months ended June 30, 2014. These pro forma amounts have been calculated after adjusting for intercompany amounts. In addition, the equity earnings from the Company's former non-controlling interest in DPTSM have been removed. June 30, 2014 Three Months Ended Six Months Ended Revenues $ 14,597,334 $ 30,476,722 Net Loss (687,950 ) (1,046,718 ) Net Income Attributable to Non-Controlling Interest 349,099 1,326,594 Net Loss Attributable to Shareholders of Dakota Plains Holdings, Inc. (1,037,049 ) (2,373,312 ) Dakota Plains Services, LLC The Company, through its wholly owned subsidiary Dakota Plains Trucking, LLC, entered into a joint venture with JPND II, LLC ("JPND"). The Company and JPND each owned 50 50 Prior to selling its ownership interest, the Company accounted for this joint venture using the equity method of accounting. The income or loss from the joint venture is included in other income on the condensed consolidated statement of operations for the three and six months ended June 30, 2014. Summarized unaudited financial statements of DPS are as follows: June 30, 2014 Three Months Ended Six Months Ended Sales $ 5,202,300 $ 9,788,249 Net Earnings 606,452 849,360 Company's Share of Equity in Net Earnings 303,226 424,680

Lease Agreement

Lease Agreement	6 Months Ended
	Jun. 30, 2015
Lease Agreement [Abstract]
Lease Agreement	4. Lease Agreement In July 2013, the Company entered into an operating lease agreement with UNIMIN Corporation to lease certain land owned by the Company in New Town, North Dakota. The Company began receiving monthly lease payments of $ 10,000 3 four five

Preferred Stock And Common Stoc

Preferred Stock And Common Stock	6 Months Ended
	Jun. 30, 2015
Preferred Stock And Common Stock [Abstract]
Preferred Stock And Common Stock	5. Preferred Stock and Common Stock The Company has authorized 10,000,000 0.001 No In May 2015, the Company issued an aggregate of 33,558 50,000 1.49 In June 2015, the Company issued an aggregate of 234,376 300,000 1.28 150,000 During the six months ended June 30, 2015, 216,953 346,937

Stock-Based Compensation And Wa

Stock-Based Compensation And Warrants	6 Months Ended
	Jun. 30, 2015
Stock-Based Compensation And Warrants [Abstract]
Stock-Based Compensation And Warrants	6. Stock-Based Compensation and Warrants The Company accounts for stock-based compensation under the provisions of FASB ASC 718-10-55. This standard requires the Company to record an expense associated with the fair value of the stock-based compensation. The Company uses the Black-Scholes option valuation model to calculate stock-based compensation at the date of grant. Option pricing models require the input of highly subjective assumptions, including the expected volatility. Changes in these assumptions can materially affect the fair value estimate. The fair value of the warrants is recognized as compensation or interest expense over the vesting term. Warrants The following table reflects the status of warrants outstanding at June 30, 2015: Warrants Exercise Price Expiration Date February 1, 2011 1,000,000 $ 0.285 January 31, 2021 February 22, 2011 600,000 2.50 February 22, 2016 April 5, 2011 100,000 2.50 April 5, 2016 November 1, 2012 50,000 3.28 November 1, 2016 November 2, 2012 921,000 4.00 October 31, 2017 January 1, 2013 100,000 3.25 February 15, 2018 Outstanding at June 30, 2015 2,771,000 Exercisable at June 30, 2015 2,771,000 Outstanding Warrants No six The Company recorded no Restricted Stock Awards and Restricted Stock Unit Awards The Company issued an aggregate of 1,624,121 3.5 zero 550,420 1,059,951 325,364 712,051 The following table reflects the outstanding restricted stock and restricted stock unit awards and activity related thereto for the six months ended June 30, 2015: Six Months Ended June 30, 2015 Number of Shares Weighted Average Restricted Stock Awards and Restricted Stock Unit Awards: Outstanding at the Beginning of Period 1,031,150 $ 2.89 Granted 1,624,121 1.64 Lapse of Restrictions (250,001 ) 3.61 Restricted Stock and Restricted Stock Units Outstanding at June 30, 2015 2,405,270 1.97

Promissory Notes

Promissory Notes	6 Months Ended
	Jun. 30, 2015
Promissory Notes [Abstract]
Promissory Notes	7. Promissory Notes On December 5, 2014, the Company and its wholly owned subsidiaries ("Borrowers") entered into a $ 57.5 20 37.5 51.1 All borrowings under the Revolving Loan Facility must be repaid in full upon maturity, December 5, 2017. Outstanding borrowings under the Revolving Loan Facility may be reborrowed and repaid without penalty. The first tranche of Term Loans ("Tranche A") in the amount of $ 15.0 22.5 25,000,000 40,000,000 At the Borrowers' option, borrowings under the Credit Facility may be either (i) the "Base Rate" loans, which bear interest at the highest of (a) the rate which the Administrative Agent announces from time to time as its prime lending rate, as in effect from time to time, (b) 1/2 of 1 1.00 The Credit Agreement requires the Company to maintain a minimum fixed charge coverage ratio and a maximum total debt to EBITDA (earnings before interest, income taxes, depreciation expense and amortization), or leverage ratio. The method of calculating all of the components used in the covenants is included in the Credit Agreement. The Company was in compliance with all required covenants as of June 30, 2015. The Credit Agreement contains customary events of default, including nonpayment of principal when due; nonpayment of interest after stated grace period; fees or other amounts after stated grace period; material inaccuracy of representations and warranties; violations of covenants; certain bankruptcies and liquidations; any cross-default to material indebtedness; certain material judgments; certain events related to the Employee Retirement Income Security Act of 1974, as amended, or "ERISA," actual or asserted invalidity of any guarantee, security document or subordination provision or non-perfection of security interest, and a change in control (as defined in the Credit Agreement). Pursuant to a Guaranty and Security Agreement, dated December 5, 2014 (the "Guaranty and Security Agreement"), made by the Borrowers, the Company, and certain subsidiaries of the Borrowers in favor of the Administrative Agent, the obligations of the Borrowers are guaranteed by the Company, each other Borrower and the guaranteeing subsidiaries of the Borrowers and are secured by all of the assets of such parties. The Company incurred finance costs of $ 1,617,909 240,342 480,684

Income Taxes

Income Taxes	6 Months Ended
	Jun. 30, 2015
Income Taxes [Abstract]
Income Taxes	8. Income Taxes The Company utilizes the asset and liability approach to measuring deferred tax assets and liabilities based on temporary differences existing at each balance sheet date using currently enacted tax rates in accordance with FASB ASC 740-10-30 . The following table presents the income tax benefit for the three and six months ended June 30, 2015 and 2014: Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Current Income Taxes $ — $ — $ 7,500 $ 8,115 Deferred Income Taxes: Federal (305,000 ) (588,000 ) (194,000 ) (1,062,000 ) State (26,000 ) (59,000 ) (17,000 ) (108,000 ) Total Benefit $ (331,000 ) $ (647,000 ) $ (203,500 ) $ (1,161,885 ) The Company has no The Company's policy is to recognize potential interest and penalties accrued related to unrecognized tax benefits within income tax benefit. For the six months ended June 30, 2015 and 2014, the Company did not recognize any interest or penalties in the condensed consolidated statements of operations, nor did it have any interest or penalties accrued in the condensed consolidated balance sheets at June 30, 2015 and December 31, 2014. As part of the transaction to purchase the membership units owned by PTS, the Company recorded goodwill for income tax purposes for the amount that the purchase price exceeded the fair value of the assets acquired. The Company has recorded a deferred tax asset for the tax goodwill in the amount of $ 6.0 16.7 The Company reported a net deferred tax asset of $ 29.2 306,000 The 2013, 2012 and 2011 tax years remain open to examination for federal income tax purposes and by the other major taxing jurisdictions to which the Company is subject.

Financial Instruments

Financial Instruments	6 Months Ended
	Jun. 30, 2015
Financial Instruments [Abstract]
Financial Instruments	9. Financial Instruments The Company's financial instruments include cash and cash equivalents, trade receivables, other receivables, accounts payable, and promissory notes. The carrying amount of cash and cash equivalents, trade receivables, other receivables and accounts payable approximate fair value due to their immediate or short-term maturities. The carrying amounts of the Company's promissory notes outstanding approximate fair value because its current borrowing rates do not materially differ from market rates for similar borrowings.

Fair Value

Fair Value	6 Months Ended
	Jun. 30, 2015
Fair Value [Abstract]
Fair Value	10. Fair Value FASB ASC 820-10-55 defines fair value, establishes a framework for measuring fair value under GAAP and enhances disclosures about fair value measurements. Fair value is defined under FASB ASC 820-10-55 as the exchange price that would be received for an asset or paid to transfer a liability (an exit price) in the principal or most advantageous market for the asset or liability in an orderly transaction between market participants on the measurement date. Valuation techniques used to measure fair value under FASB ASC 820-10-55 must maximize the use of observable inputs and minimize the use of unobservable inputs. The standard describes a fair value hierarchy based on three levels of inputs, of which the first two are considered observable and the last unobservable, that may be used to measure fair value. The following table summarizes the valuation of financial instruments measured at fair value on a recurring basis in the condensed consolidated balance sheets as of June 30, 2015 and December 31, 2014: Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) June 30, 2015: Operational Override Liability – Current Liability $ — $ — $ (646,702 ) Operational Override Liability – Non-Current Liability — — (44,136,636 ) Total Operational Override Liability $ — $ — $ (44,783,338 ) December 31, 2014: Operational Override Liability – Current Liability $ — $ — $ (715,497 ) Operational Override Liability – Non-Current Liability — — (44,595,370 ) Total Operational Override Liability $ — $ — $ (45,310,867 ) The level 3 liability consists of the liability related to the Operational Override (See Note 11, Membership Purchase Agreement). There were no transfers between fair value levels during the six months ended June 30, 2015 and 2014. Level 2 liabilities consist of promissory notes (see Note 7, Promissory Notes). The following table presents changes for the liability measured at fair value using significant unobservable inputs (Level 3) during the six months ended June 30, 2015: Level 3 Financial Liabilities Balance at December 31, 2014 $ (45,310,867 ) Decrease for Lower than Estimated Volumes 481,011 Principal Payment on Operational Override 46,518 Balance at June 30, 2015 $ (44,783,338 ) The Company has recorded accretion of $ 1,010,803 2,025,846 1,240,320

Membership Purchase Agreement

Membership Purchase Agreement	6 Months Ended
	Jun. 30, 2015
Membership Purchase Agreement [Abstract]
Membership Purchase Agreement	11. Membership Purchase Agreement On December 5, 2014, the Company entered into a Membership Interest Purchase Agreement with DPT, Dakota Plains Sand, LLC, DPM and PTS. Pursuant to the Membership Interest Purchase Agreement, in exchange for $ 43 In addition to $ 43 0.225 80,000 10 At any time the Company may pay PTS an amount equal to the then-present value (using a nine The Membership Interest Purchase Agreement contains certain representations, warranties, covenants and indemnification obligations of the parties. In connection with the Membership Interest Purchase Agreement, the Company entered into an Indemnification and Release Agreement dated December 5, 2014 with World Fuel Services Corporation ("WFS") (the "Indemnification and Release Agreement"). Pursuant to the Indemnification and Release Agreement, WFS, on behalf of itself and its direct and indirect subsidiaries, agreed to indemnify the Company, DPTS, DPTSM, and each of their respective officers, managers, directors, employees, affiliates, members, and stockholders, for third party claims in connection with, relating to, or otherwise arising from the train car derailment that occurred in Lac-Mégantic, Quebec, on July 6, 2013 (the "Derailment"). In addition, the Company, DPT and DPM, on behalf of itself and each such entity's direct and indirect subsidiaries, agreed to indemnify WFS and WFS's officers, managers, directors, employees, affiliates, members, and stockholders for (i) fifty fifty 10 3 In connection with the indemnification, each of the Company and WFS, on its behalf and on behalf of its affiliates, released the other party and its affiliates from any claims arising in connection with the Derailment, other than those for which indemnification is provided under the Indemnification and Release Agreement. Pursuant to a Guaranty and Security Agreement, dated December 5, 2014 (the "Seller Guaranty and Security Agreement"), made by DPT, Dakota Plains Sand, LLC, DPM, the Company and certain subsidiaries of the Company, the Company's obligations under Section 2.2(b) of the Membership Interest Purchase Agreement in respect of the Operational Override, the Company's obligations in the Indemnification and Release Agreement and the obligations of DPTSM under five Amended and Restated Railcar Sublease Agreements between DPTSM and Western Petroleum Company are guaranteed by DPT, Dakota Plains Sand, LLC, DPM, the Company and certain subsidiaries of the Company, and are secured by a second priority lien on all of the assets of such parties. In connection with the Membership Interest Purchase Agreement, the following agreements were terminated: (a) that certain Member Control Agreement of DPTS Sand, LLC, effective as of June 1, 2014, by and among Dakota Plains Sand, LLC, PTS, and DPTS Sand, LLC; (b) that certain Second Amended and Restated Member Control Agreement of DPTS effective as of December 31, 2013, by and among DPT, PTS and DPTS; and (c) that certain Second Amended and Restated Member Control Agreement of DPTSM, effective as of December 31, 2013, by and among DPM, PTS, and DPTSM; provided DPM and its affiliates remained subject to the restrictions against purchasing, selling, storing, transporting or marketing crude oil originating from production fields anywhere in North Dakota, or conducting any trading activities related thereto, until June 5, 2015, but were permitted to sublease and lease-for-trip railcars to transport crude oil, and transport any other materials (including crude oil) by road. Railcar Sublease Agreements As part of the Membership Interest Purchase Agreement, the Company, through DPTSM, entered into five Amended and Restated Railcar Sublease Agreements with Western Petroleum Company ("Amended Sublease Agreements"). Under the Amended Sublease Agreements, DPTSM will sublease a total of 872 Within thirty 30 30 DPTSM assumes and accepts the responsibility for any charges incurred between the time of delivery of the railcars to DPTSM under the Amended Sublease Agreements and redelivery of the railcars to Western Petroleum Company at the conclusion of the term, including, but not limited to, charges resulting from demurrage, track storage, switching, detention, freight or empty movements made by the railcars upon each railroad over which the railcars shall move during the term of the Amended Sublease Agreements, as well as any other charges set forth in the master railcar leases.

Commitments And Contingencies

Commitments And Contingencies	6 Months Ended
	Jun. 30, 2015
Commitments And Contingencies [Abstract]
Commitments And Contingencies	12. Commitments and Contingencies Lac-Mégantic, Quebec We and certain of our subsidiaries, including DPTS and DPTSM, are among the many defendants named in various lawsuits relating to the derailment of a Montreal Main & Atlantic Railroad, Ltd. ("MM&A") train in Lac-Mégantic, Quebec. We believe all claims asserted against us and our subsidiaries are without merit and we intend to vigorously defend against such claims. On July 6, 2013, an unmanned freight train operated by MM&A with 72 50,000 On July 15, 2013, four 30 Around July 29, 2013, twenty eight seventeen two Additional claims, lawsuits, proceedings, investigations and orders may be filed, commenced or issued with respect to the incident, which may involve civil claims for damages or governmental investigative, regulatory or enforcement actions against us. On December 5, 2014, we entered into an Indemnification and Release Agreement with WFS. Under this agreement, WFS, on behalf of itself and its direct and indirect subsidiaries, has agreed to indemnify us, each of our subsidiaries, including DPTS and DPTSM, for third party claims for bodily injury, death, property damage, economic loss, loss of consortium, loss of income and similar claims in connection with, relating to, or otherwise arising from the derailment, in each case solely to the extent not covered by insurance or otherwise paid for by third parties. In addition, we agreed to indemnify WFS for (i) fifty percent ( 50 50 10 On June 8, 2015, we entered into a settlement agreement (the "Settlement Agreement") with the Trustee, Montreal, Maine and Atlantic Canada Co. ("MMAC"), and the monitor (the "Monitor") in MMAC's Canadian bankruptcy (collectively, the "MMA Parties") to resolve all claims arising out of the derailment. Under the terms of the Settlement Agreement, WFS will contribute $ 110 In consideration of the Settlement Payment and the assignment of claims to the Trustee and MMAC, we and certain of our subsidiaries, including DPTS and DPTSM (collectively, the "DAKP Parties"), will receive the benefit of the global releases and injunctions set forth in the respective bankruptcy plans filed by the Trustee in the U.S. and by MMAC in Canada (the "U.S. Bankruptcy Plan" and the "CCAA Plan" respectively, each a "Plan" and collectively the "Plans"). The effect of these global releases and injunctions will be to bar all claims which may exist now or in the future against the DAKP Parties arising out of the derailment, other than criminal claims which by law may not be released. Neither the global releases and injunctions set forth in the Plans nor our obligations will be effective unless and until the Plans are approved by creditors in both the U.S. and Canadian bankruptcies, an order sanctioning the CCAA Plan and confirming the U.S. Bankruptcy Plan is issued by the Canadian and U.S. bankruptcy courts, respectively, and each order becomes final and non-appealable ("Final Approval"). On June 9, 2015, MMAC's creditors voted to approve the CCAA Plan. In connection with CCAA Plan sanction process, CPR objected to the jurisdiction of the Canadian court and the sanctioning of the CCAA Plan. On July 13, 2015, the bankruptcy court in Canada issued orders overruling CPR's objections and sanctioning the CCAA Plan, both of which remain subject to appeal. On July 15, 2015, the U.S. bankruptcy court held a hearing to consider approval of the Trustee's disclosure statement related to the U.S. Bankruptcy Plan. In connection with that hearing, certain parties objected to approval of the disclosure statement, including CPR. At the hearing, the bankruptcy court in the U.S. overruled all of the objections, approved the disclosure statement and established certain dates for the process of confirming the U.S. Bankruptcy Plan, which dates are subject to change. Creditors in the U.S. bankruptcy have not yet voted on the U.S. Bankruptcy Plan and the U.S. bankruptcy court has not yet issued a ruling on the U.S. Bankruptcy Plan, which remains subject to challenge by third parties objecting to the Plan. If an order is issued by the U.S. bankruptcy court confirming the Plan, such order would be subject to appeal. As a result, Final Approval of the Plans and the related timing remain uncertain. Under the terms of Settlement Agreement, the Trustee and MMAC agreed to move to stay, pursuant to relevant sections of U.S. or Canadian bankruptcy codes, any and all claims or proceedings that are currently pending or subsequently filed against the DAKP Parties prior to Final Approval of the Plans. In conjunction with the Settlement Agreement, plaintiffs' counsel in the Quebec class action and plaintiffs' counsel in the U.S. personal injury cases agreed, upon execution of the Settlement Agreement by the DAKP Parties, to stay the Quebec Class Action and the U.S. personal injury cases. Consistent with the Settlement Agreement, we expect that the actions pending against us in Maine, Illinois and Texas, and the Quebec class action, will all be stayed as to the DAKP Parties in due course. We believe the claims against us in the Quebec class action and the cases pending against us in Maine, Illinois and Texas are without merit. To the extent these actions are not stayed, or if the Plans do not receive Final Approval, we intend to vigorously defend against such claims and pursue any and all defenses available. If and when the Plans receive Final Approval, the global releases and injunctions set forth in the Plans will act to bar all of these claims. We are currently unable to determine the probability of loss or reasonably estimate a range of potential losses related to the aforementioned proceedings. Accordingly, we have not made any provisions for these potential losses in our consolidated financial statements. Dakota Petroleum Transport Solutions, LLC TJMD, LLP v. Dakota Petroleum Transport Solutions, LLC Since October 2012, DPTS has been involved in litigation with TJMD, LLP, a North Dakota limited liability partnership ("TJMD") arising out of the termination of TJMD as operator of the transloading facility, which DPTS leases for the use and benefit of their business. TJMD alleges that a wrongful termination without cause on 90-day's written notice occurred in June 2012 under the implied covenant of good faith and fair dealing, and a second wrongful termination occurred in September 2012, when DPTS finally terminated the contract before the end of the 90-day period. TJMD is seeking payment for work performed prior to the final, September termination, as well as, monetary damages for future losses, and other relief. Because the outcome of litigation is inherently uncertain, DPTS cannot estimate the possible loss or range of loss for this matter. DPTS intends to vigorously defend against this claim. As of June 30, 2015, DPTS has not recorded any accruals associated with this legal claim. Dakota Petroleum Transport Solutions, LLC v. TJMD, LLP, et al. Since April 2013, DPTS has been involved in litigation with TJMD, Rugged West Services, LLC, a foreign limited liability company ("Rugged West"), and JT Trucking, a foreign limited liability company ("JT"), arising out of crude oil spills that occurred at DPTS's transloading facility while TJMD was operating the facility. DPTS leases the facility for the use and benefit of their business. Trucks haul crude oil to the transloading facility where crude is moved onto railcars and shipped to various locations across the country. DPTS has asserted a claim against TJMD for contractual liability because TJMD must indemnify DPTS for cleanup and remediation expenses incurred as the result of the crude oil spills, based on Service Agreements TJMD entered into with DPTS which provide for contractor indemnification. DPTS has asserted claims against TJMD, Enterprise Crude and JT for negligence in causing or allowing the spills to occur which proximately caused damages to DPTS, entitling DPTS to recovery. DPTS has also asserted claims against TJMD, Enterprise Crude and JT for trespass and nuisance, claiming the defendants exceeded the consent to be on the property, entitling DPTS to recovery. TJMD has filed third-party complaints against several trucking companies for indemnification and contribution. Many of these third-party defendants have settled out of the case. DPTS continues to actively attempt to recover cleanup and remediation costs on a spill-by-spill basis from each of the trucking companies involved in the specific spills, and also from TJMD. Trial is scheduled to begin November 2, 2015. Because the outcome of litigation is inherently uncertain, we cannot estimate the possible recovery for this matter at this time. DPTS is vigorously pursuing its claims.

Summary Of Significant Accoun18

Summary Of Significant Accounting Policies (Policy)	6 Months Ended
	Jun. 30, 2015
Summary Of Significant Accounting Policies [Abstract]
New Accounting Pronouncements	New Accounting Pronouncements From time to time, new accounting pronouncements are issued by the Financial Accounting Standards Board ("FASB") that are adopted by the Company as of the specified effective date. If not discussed, management believes that the impact of recently issued standards, which are not yet effective, will not have a material impact on the Company's consolidated financial statements upon adoption. In May 2014, the FASB issued Accounting Standards Update ("ASU") No. 2014-09, "Revenue from Contracts with Customers." In June 2014, the FASB issued ASU 2014-12, "Compensation - Stock Compensation" effective for annual periods and interim periods within those periods beginning after December 15, 2015. The amendments require that a performance target that affects vesting and that could be achieved after the requisite service period be treated as a performance condition. The Company is currently evaluating the impact of the provisions of ASU 2014-12; however, the standard is not expected to have a material effect on the Company's consolidated financial position, results of operations or cash flows. In April 2015, the FASB issued ASU 2015-03, "Interest – Imputation of Interest" effective for annual periods and interim periods within those periods beginning after December 31, 2015. The new guidance requires that debt issuance costs related to a recognized debt liability be presented in the balance sheet as a direct deduction from the carrying amount of that debt liability, consistent with debt discounts. This new guidance will be effective for us beginning January 1, 2016. We are currently evaluating the impact of this standard on our consolidated financial statements.
Liquidity	Liquidity As of June 30, 2015, we had cash and cash equivalents and trade receivables of approximately $ 12.2 12.1 24.3 Under the Revolving Credit Facility with SunTrust Bank ("SunTrust"), the Company has $ 6
Joint Venture Equity Investment	Joint Venture Equity Investment The Company used the equity method to account for investments in joint ventures where it had significant influence, representing equity ownership of not more than 50%. Effective November 24, 2014, the Company sold its 50 At June 30, 2015 and December 31, 2014, the Company had no investments in joint ventures where it had significant influence, representing equity ownership of not more than 50%, and was not accounting for any investments using the equity method.
Cash And Cash Equivalents	Cash and Cash Equivalents The Company considers highly liquid investments with insignificant interest rate risk and original maturities of three months or less to be cash equivalents. Cash equivalents consist primarily of interest-bearing bank accounts and money market funds. The Company's cash positions represent assets held in checking and money market accounts. These assets are generally available to the Company on a daily or weekly basis and are highly liquid in nature. Due to the balances being greater than $ 250,000
Segments	Segments The Company has two The Company has determined that there is only one reportable segment as the two segments discussed above have similar processes and purposes, customers, geographic locations and economic characteristics.
Accounts Receivable	Accounts Receivable Accounts receivable are carried on a gross basis, with no discounting. The Company regularly reviews all aged accounts receivable for collectability and establishes an allowance as necessary for individual customer balances. At June 30, 2015 and December 31, 2014 there was no
Property And Equipment	Property and Equipment Property and equipment are recorded at cost and depreciated using the straight-line method over their estimated useful lives. Estimated useful lives are as follows: Site Development 15 Terminal 13 Machinery 5 13 Tanks 13 Other Property and Equipment 3 5 Land — Expenditures for replacements, renewals, and betterments are capitalized. Maintenance and repairs are charged to operations as incurred. Depreciation expense was $ 1,140,326 2,248,340 1,086,271 2,121,486 0.7
Impairment	Impairment FASB Accounting Standards Codification ("ASC") 360-10-35-21 requires that long-lived assets to be held and used be reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may not be recoverable. The determination of impairment is based upon expectations of undiscounted future cash flows, before interest, of the related asset. If the carrying value of the asset exceeds the undiscounted future cash flows, the impairment would be computed as the difference between the carrying value of the asset and the fair value. There was no
Environmental Accrual	Environmental Accrual Accruals for estimated costs for environmental obligations generally are recognized no later than the date when the Company identifies what cleanup measures, if any, are likely to be required to address the environmental conditions. Included in such obligations are the estimated direct costs to investigate and address the conditions and the associated engineering, legal and consulting costs. In making these estimates, the Company considers information that is currently available, existing technology, enacted laws and regulations, and its estimates of the timing of the required remedial actions. Such accruals are initially measured on a discounted basis — and are adjusted as further information becomes available or circumstances change — and are accreted up over time. The Company has recorded no
Income Taxes	Income Taxes The Company accounts for income taxes under FASB ASC 740-10-30 . The tax effects from an uncertain tax position can be recognized in the consolidated financial statements only if the position is more likely than not of being sustained if the position were to be challenged by a taxing authority. The Company has examined the tax positions taken in its tax returns and determined that there are no uncertain tax positions. As a result, the Company has recorded no The Company records Goodwill for income tax purposes for the amount that the purchase price paid for an asset or group of assets exceeds the fair value of the assets acquired. Goodwill is amortized over fifteen
Stock-Based Compensation	Stock-Based Compensation The Company records expenses associated with the fair value of stock-based compensation. For fully vested, restricted stock and restricted stock unit grants, the Company calculates the stock-based compensation expense based upon estimated fair value on the date of grant. For stock warrants and options, the Company uses the Black-Scholes option valuation model to calculate stock-based compensation at the date of grant. Option pricing models require the input of highly subjective assumptions, including the expected price volatility. Changes in these assumptions can materially affect the fair value estimate.
Stock Issuance	Stock Issuance The Company records the stock-based compensation awards issued to non-employees and other external entities for goods and services at either the fair market value of the goods received or services rendered or the instruments issued in exchange for such services, whichever is more readily determinable, using the measurement date guidelines enumerated in FASB ASC 505-50-30.
Revenue Recognition	Revenue Recognition DPTS and DPTS Sand, LLC recognize revenues when the related services are performed, the sales price is fixed or determinable and collectability is reasonably assured. DPTS records transloading revenues for fuel-related services when the transloading of petroleum-related products is complete and records other revenues related to the Pioneer Terminal as they are earned based on agreements with customers. DPTS Sand, LLC records the gross sale of sale transloading services when the transloading of sand-related products is complete.
Earnings Per Share	Earnings Per Share Basic earnings per share ("EPS") excludes dilution and is computed by dividing net income (loss) attributable to Company stockholders by the weighted average number of common shares outstanding during the period. Diluted EPS reflects the potential dilution that could occur if common stock equivalents were exercised or converted to common stock. The dilutive effect of common stock equivalents is calculated using the treasury stock method. When a loss from continuing operations exists, all potentially dilutive securities are anti-dilutive and therefore excluded from the computation of diluted EPS. As the Company had a loss for the three- and six-month periods ended June 30, 2015 and 2014, the potentially dilutive shares are anti-dilutive and thus not added into the diluted EPS calculation. The following warrants, restricted stock and restricted stock units represent potentially dilutive shares as of June 30, 2015 and 2014: June 30, 2015 2014 Restricted Stock 781,149 1,016,150 Restricted Stock Units 1,624,121 — Stock Warrants 2,771,000 2,771,000 Total Potentially Dilutive Shares 5,176,270 3,787,150
Fair Value Measures	Fair Value Measures The Company measures fair value using a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date, essentially an exit price, based on the highest and best use of the asset or liability. The levels of the fair value hierarchy are as follows: Level 1 Level 2 Level 3
Use Of Estimates	Use of Estimates The preparation of consolidated financial statements in conformity with 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 consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. Such significant estimates include recoverability of property and equipment, depreciable lives for property and equipment, fair value of the Operational Override liability, inputs in the valuation of certain equity transactions, and accounting for income taxes. Actual results may differ from those estimates.
Non-Controlling Interest	Non-Controlling Interest FASB ASC 810 "Consolidation" requires that a non-controlling interest, previously referred to as a minority interest, be reported as part of equity in the consolidated financial statements and that losses be allocated to the non-controlling interest even when such allocation might result in a deficit balance, reducing the losses attributable to the controlling interest. The Company's non-controlling interest during the three and six months ended June 30, 2014 was due to the non-controlling member of DPTS and DPTS Sand, LLC prior to the Company's purchase of the 50% interest owned by the non-controlling member.
Principles Of Consolidation	Principles of Consolidation The accompanying condensed consolidated financial statements include the accounts of Dakota Plains Holdings, Inc. and its wholly owned subsidiaries. All significant intercompany accounts and transactions have been eliminated.

Summary Of Significant Accoun19

Summary Of Significant Accounting Policies (Tables)	6 Months Ended
	Jun. 30, 2015
Summary Of Significant Accounting Policies [Abstract]
Estimated Useful Lives Of Property And Equipment	Estimated useful lives are as follows: Site Development 15 Terminal 13 Machinery 5 13 Tanks 13 Other Property and Equipment 3 5 Land —
Schedule Of Antidilutive Securities Excluded From Computation Of Earnings Per Share	June 30, 2015 2014 Restricted Stock 781,149 1,016,150 Restricted Stock Units 1,624,121 — Stock Warrants 2,771,000 2,771,000 Total Potentially Dilutive Shares 5,176,270 3,787,150

Joint Ventures (Tables)

Joint Ventures (Tables)	6 Months Ended
	Jun. 30, 2015
Dakota Petroleum Transport Solutions Marketing, LLC [Member]
Schedule of Equity Method Investments [Line Items]
Summarized Financial Statements	June 30, 2014 Three Months Ended Six Months Ended Sales $ 11,370,689 $ 26,363,804 Net Losses (3,339,691 ) (3,166,427 ) Company's Share of Equity in Net Losses (1,669,846 ) (1,583,214 )
Summary Of Pro Forma Information	June 30, 2014 Three Months Ended Six Months Ended Revenues $ 14,597,334 $ 30,476,722 Net Loss (687,950 ) (1,046,718 ) Net Income Attributable to Non-Controlling Interest 349,099 1,326,594 Net Loss Attributable to Shareholders of Dakota Plains Holdings, Inc. (1,037,049 ) (2,373,312 )
Dakota Plains Services, LLC [Member]
Schedule of Equity Method Investments [Line Items]
Summarized Financial Statements	June 30, 2014 Three Months Ended Six Months Ended Sales $ 5,202,300 $ 9,788,249 Net Earnings 606,452 849,360 Company's Share of Equity in Net Earnings 303,226 424,680

Stock-Based Compensation And 21

Stock-Based Compensation And Warrants (Tables)	6 Months Ended
	Jun. 30, 2015
Stock-Based Compensation And Warrants [Abstract]
Status Of Warrants Outstanding	Warrants Exercise Price Expiration Date February 1, 2011 1,000,000 $ 0.285 January 31, 2021 February 22, 2011 600,000 2.50 February 22, 2016 April 5, 2011 100,000 2.50 April 5, 2016 November 1, 2012 50,000 3.28 November 1, 2016 November 2, 2012 921,000 4.00 October 31, 2017 January 1, 2013 100,000 3.25 February 15, 2018 Outstanding at June 30, 2015 2,771,000 Exercisable at June 30, 2015 2,771,000
Outstanding Restricted Stock Awards And Activity	Six Months Ended June 30, 2015 Number of Shares Weighted Average Restricted Stock Awards and Restricted Stock Unit Awards: Outstanding at the Beginning of Period 1,031,150 $ 2.89 Granted 1,624,121 1.64 Lapse of Restrictions (250,001 ) 3.61 Restricted Stock and Restricted Stock Units Outstanding at June 30, 2015 2,405,270 1.97

Income Taxes (Tables)

Income Taxes (Tables)	6 Months Ended
	Jun. 30, 2015
Income Taxes [Abstract]
Components Of Income Tax Expense (Benefit)	Three Months Ended Six Months Ended June 30, June 30, 2015 2014 2015 2014 Current Income Taxes $ — $ — $ 7,500 $ 8,115 Deferred Income Taxes: Federal (305,000 ) (588,000 ) (194,000 ) (1,062,000 ) State (26,000 ) (59,000 ) (17,000 ) (108,000 ) Total Benefit $ (331,000 ) $ (647,000 ) $ (203,500 ) $ (1,161,885 )

Fair Value (Tables)

Fair Value (Tables)	6 Months Ended
	Jun. 30, 2015
Fair Value [Abstract]
Schedule Of Valuation Of Financial Instruments Measured At Fair Value On Recurring Basis	Quoted Prices In Active Markets for Identical Assets (Level 1) Significant Other Observable Inputs (Level 2) Significant Unobservable Inputs (Level 3) June 30, 2015: Operational Override Liability – Current Liability $ — $ — $ (646,702 ) Operational Override Liability – Non-Current Liability — — (44,136,636 ) Total Operational Override Liability $ — $ — $ (44,783,338 ) December 31, 2014: Operational Override Liability – Current Liability $ — $ — $ (715,497 ) Operational Override Liability – Non-Current Liability — — (44,595,370 ) Total Operational Override Liability $ — $ — $ (45,310,867 )
Reconciliation Of The Beginning And Ending Balances For The Liability Measured At Fair Value Using Significant Unobservable Inputs (Level 3)	Level 3 Financial Liabilities Balance at December 31, 2014 $ (45,310,867 ) Decrease for Lower than Estimated Volumes 481,011 Principal Payment on Operational Override 46,518 Balance at June 30, 2015 $ (44,783,338 )

Summary Of Significant Accoun24

Summary Of Significant Accounting Policies (Narrative) (Details)	Nov. 24, 2014	Jun. 30, 2015USD ($)	Jun. 30, 2014USD ($)	Jun. 30, 2015USD ($)segment	Jun. 30, 2014USD ($)	Dec. 31, 2014USD ($)
Summary Of Significant Accounting Policies [Line Items]
Cash and cash equivalents and trade receivables		$ 12,200,000		$ 12,200,000
Accounts payable and accrued expenses		12,100,000		12,100,000
Aggregate principal amount of promissory notes and Operational Override payments		24,300,000		24,300,000
Line of credit, remaining borrowing capacity		6,000,000		6,000,000
Maximum balance of cash and cash equivalents which does require FDIC coverage		250,000		250,000
Depreciation expense		1,140,326	$ 1,086,271	2,248,340	$ 2,121,486
In progress construction		5,388,163		5,388,163		$ 1,886,470
Estimated cost to complete construction		700,000		$ 700,000
Number of operating segments | segment				2
Allowance for doubtful accounts		0		$ 0		0
Recorded impairment				0	$ 0
Liability for environmental obligations		0		$ 0		0
Amortization of goodwill for tax purposes				15 years
Uncertain tax liabilities		$ 0		$ 0		$ 0
Dakota Plains Services, LLC [Member]
Summary Of Significant Accounting Policies [Line Items]
Equity method investment, percentage sold	50.00%

Summary Of Significant Accoun25

Summary Of Significant Accounting Policies (Estimated Useful Lives Of Property And Equipment) (Details)	6 Months Ended
	Jun. 30, 2015
Site Development [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	15 years
Terminal [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	13 years
Tanks [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	13 years
Minimum [Member] | Machinery [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years
Minimum [Member] | Other Property And Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	3 years
Maximum [Member] | Machinery [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	13 years
Maximum [Member] | Other Property And Equipment [Member]
Property, Plant and Equipment [Line Items]
Estimated useful lives	5 years

Summary Of Significant Accoun26

Summary Of Significant Accounting Policies (Schedule Of Antidilutive Securities Excluded From Computation Of Earnings Per Share) (Details) - shares	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially Dilutive Shares	5,176,270	3,787,150
Restricted Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially Dilutive Shares	781,149	1,016,150
Restricted Stock Units [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially Dilutive Shares	1,624,121
Stock Warrants [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Potentially Dilutive Shares	2,771,000	2,771,000

Joint Ventures (Narrative) (Det

Joint Ventures (Narrative) (Details) - Jun. 30, 2015	Total
Dakota Plains Services, LLC [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	50.00%
Equity method investment, percentage sold	50.00%
Dakota Petroleum Transport Solutions Marketing, LLC [Member]
Schedule of Equity Method Investments [Line Items]
Equity method investment, ownership percentage	50.00%
Equity method investment, percentage purchased	50.00%

Joint Ventures (Summarized Fina

Joint Ventures (Summarized Financial Statements) (Details) - Jun. 30, 2014 - USD ($)	Total	Total
Dakota Petroleum Transport Solutions Marketing, LLC [Member]
Schedule of Equity Method Investments [Line Items]
Sales	$ 11,370,689	$ 26,363,804
Net Earnings	(3,339,691)	(3,166,427)
Company's Share of Equity in Net Earnings	(1,669,846)	(1,583,214)
Dakota Plains Services, LLC [Member]
Schedule of Equity Method Investments [Line Items]
Sales	5,202,300	9,788,249
Net Earnings	606,452	849,360
Company's Share of Equity in Net Earnings	$ 303,226	$ 424,680

Joint Ventures (Summary Of Pro

Joint Ventures (Summary Of Pro Forma Information) (Details) - Jun. 30, 2014 - Dakota Petroleum Transport Solutions Marketing, LLC [Member] - USD ($)	Total	Total
Schedule of Equity Method Investments [Line Items]
Revenues	$ 14,597,334	$ 30,476,722
Net Loss	(687,950)	(1,046,718)
Net Income Attributable to Non-Controlling Interest	349,099	1,326,594
Net Loss Attributable to Shareholders of Dakota Plains Holdings, Inc.	$ (1,037,049)	$ (2,373,312)

Lease Agreement (Details)

Lease Agreement (Details) - 1 months ended Jul. 31, 2013 - UNIMIN Corporation [Member]	USD ($)item
Operating Leased Assets [Line Items]
Operating lease agreement, monthly lease payment | $	$ 10,000
Operating lease agreement, annual increase percent after two years	3.00%
Number of optional additional periods	4
Number of years in each period	5 years

Preferred Stock And Common St31

Preferred Stock And Common Stock (Details) - USD ($)	1 Months Ended		3 Months Ended		6 Months Ended
	Jun. 30, 2015	May. 31, 2015	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014	Dec. 31, 2014
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Preferred stock, shares authorized	10,000,000		10,000,000		10,000,000		10,000,000
Preferred stock, par value	$ 0.001		$ 0.001		$ 0.001		$ 0.001
Preferred stock, shares issued	0		0		0		0
General and administrative expense			$ 2,625,458	$ 1,939,107	$ 4,544,647	$ 4,494,650
Shares of common stock surrendered, shares					216,953
Shares of common stock surrendered					$ 346,937
Board Of Directors [Member]
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items]
Common stock sold, price per share	$ 1.28	$ 1.49	$ 1.28		$ 1.28
Issuance of common shares related to agreement, shares	234,376	33,558
Issuance of common shares related to agreement	$ 300,000	$ 50,000
General and administrative expense			$ 150,000		$ 150,000

Stock-Based Compensation And 32

Stock-Based Compensation And Warrants (Narrative) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
General and administrative expense	$ 2,625,458	$ 1,939,107	$ 4,544,647	$ 4,494,650
Warrants forfeited or expired			0
Warrants exercised			0
Stock Warrants [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
General and administrative expense			$ 0	0
Restricted Stock [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
General and administrative expense	550,420	$ 325,364	$ 1,059,951	$ 712,051
Forfeiture rate			0.00%
Unrecognized compensation expense	$ 3,500,000		$ 3,500,000
Restricted stock awards issued			1,624,121

Stock-Based Compensation And 33

Stock-Based Compensation And Warrants (Status of Warrants Outstanding) (Details) - Jun. 30, 2015 - $ / shares	Total
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Warrants Outstanding	2,771,000
Warrants Exercisable	2,771,000
February 1, 2011 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issue Date	Feb. 1, 2011
Warrants Outstanding	1,000,000
Exercise price	$ 0.285
Expiration Date	Jan. 31, 2021
February 22, 2011 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issue Date	Feb. 22, 2011
Warrants Outstanding	600,000
Exercise price	$ 2.50
Expiration Date	Feb. 22, 2016
April 5, 2011 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issue Date	Apr. 5, 2011
Warrants Outstanding	100,000
Exercise price	$ 2.50
Expiration Date	Apr. 5, 2016
November 1, 2012 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issue Date	Nov. 1, 2012
Warrants Outstanding	50,000
Exercise price	$ 3.28
Expiration Date	Nov. 1, 2016
November 2, 2012 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issue Date	Nov. 2, 2012
Warrants Outstanding	921,000
Exercise price	$ 4
Expiration Date	Oct. 31, 2017
January 1, 2013 [Member]
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Issue Date	Jan. 1, 2013
Warrants Outstanding	100,000
Exercise price	$ 3.25
Expiration Date	Feb. 15, 2018

Stock-Based Compensation And 34

Stock-Based Compensation And Warrants (Outstanding Restricted Stock Awards And Activity) (Details) - 6 months ended Jun. 30, 2015 - Restricted Stock [Member] - $ / shares	Total
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Restricted Shares Outstanding at the Beginning of Period, Number	1,031,150
Granted, Number	1,624,121
Lapse of Restrictions, Number	(250,001)
Restricted Shares Outstanding at the End of Period, Number	2,405,270
Restricted Shares Outstanding at the Beginning of Period, Weighted-Average Grant Price	$ 2.89
Shares Granted, Weighted-Average Grant Price	$ 1.64
Lapse of Restrictions, Weighted-Average Grant Price	3.61
Restricted Shares Outstanding at the End of Period, Weighted-Average Grant Price	$ 1.97

Promissory Notes (Narrative) (D

Promissory Notes (Narrative) (Details) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2015	Jun. 30, 2015	Dec. 05, 2014
Credit Facility [Member]
Debt Instrument [Line Items]
Principal amount			$ 57,500,000
Potential commitment increase	$ 25,000,000	$ 25,000,000
Potential commitment increase after repayment of replacement commitment	40,000,000	40,000,000
Finance costs incurred		1,617,909
Interest expense	240,342	480,684
Amount outstanding	51,100,000	$ 51,100,000
Credit Facility [Member] | One Month LIBOR [Member]
Debt Instrument [Line Items]
Spread on variable rate		1.00%
Credit Facility [Member] | Federal Funds Rate [Member]
Debt Instrument [Line Items]
Spread on variable rate		0.50%
Revolving Credit Facility [Member]
Debt Instrument [Line Items]
Principal amount			20,000,000
Revolving Credit Facility [Member] | Tranche A [Member]
Debt Instrument [Line Items]
Borrowing capacity	15,000,000	$ 15,000,000
Revolving Credit Facility [Member] | Tranche B [Member]
Debt Instrument [Line Items]
Borrowing capacity	$ 22,500,000	$ 22,500,000
Term Loan [Member]
Debt Instrument [Line Items]
Principal amount			$ 37,500,000

Income Taxes (Narrative) (Detai

Income Taxes (Narrative) (Details)	Jun. 30, 2015USD ($)
Income Taxes [Abstract]
Valuation allowance	$ 306,000
Deferred tax assets net	29,200,000
Deferred tax assets, goodwill	6,000,000
Deferred tax assets, operation override liability	16,700,000
Liabilities for unrecognized tax benefits	$ 0

Income Taxes (Components Of Inc

Income Taxes (Components Of Income Tax Expense (Benefit)) (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2015	Jun. 30, 2014	Jun. 30, 2015	Jun. 30, 2014
Income Taxes [Abstract]
Current Income Taxes			$ 7,500	$ 8,115
Deferred Income Taxes, Federal	$ (305,000)	$ (588,000)	(194,000)	(1,062,000)
Deferred Income Taxes, State	(26,000)	(59,000)	(17,000)	(108,000)
Total Provision (Benefit)	$ (331,000)	$ (647,000)	$ (203,500)	$ (1,161,885)

Fair Value (Narrative) (Details

Fair Value (Narrative) (Details) - Jun. 30, 2015 - USD ($)	Total	Total
Fair Value [Abstract]
Accretion expense	$ 1,010,803	$ 2,025,846
Accretion of the Operational Override	$ 1,240,320	$ 1,240,320

Fair Value (Schedule Of Valuati

Fair Value (Schedule Of Valuation Of Financial Instruments Measured At Fair Value On Recurring Basis) (Details) - Significant Unobservable Inputs (Level 3) [Member] - USD ($)	Jun. 30, 2015	Dec. 31, 2014
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Operational Override Liability - Current Liability	$ (646,702)	$ (715,497)
Operational Override Liability - Non-Current Liability	(44,136,636)	(44,595,370)
Total Operational Override Liability	$ (44,783,338)	$ (45,310,867)

Fair Value (Reconciliation Of T

Fair Value (Reconciliation Of The Beginning And Ending Balances For The Liability Measured At Fair Value Using Significant Unobservable Inputs (Level 3)) (Details) - Significant Unobservable Inputs (Level 3) [Member]	6 Months Ended
	Jun. 30, 2015USD ($)
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Line Items]
Balance at December 31, 2014	$ (45,310,867)
Decrease for Lower than Estimated Volumes	481,011
Principal Payment on Operational Override	46,518
Balance at March 31, 2015	$ (44,783,338)

Membership Purchase Agreement (

Membership Purchase Agreement (Narrative) (Details) $ in Millions	Dec. 05, 2014USD ($)item$ / bbl	Jul. 06, 2013item	Jun. 30, 2015
Business Acquisition [Line Items]
Number of railcars subleased			872
Cash paid	$ 43
Barrels of Oil | item		50,000
Number of days after effective date railcars were delivered			30 days
Number of days after suspension termination date to deliver railcars			30 days
Dakota Plains Sand [Member]
Business Acquisition [Line Items]
Cash paid	$ 43
Price per barrel | $ / bbl	0.225
Discount rate	9.00%
Total exposure amount	$ 10
Cash in escrow	$ 3
Maximum [Member] | Dakota Plains Sand [Member]
Business Acquisition [Line Items]
Barrels of Oil | item	80,000
Operational Override payment amount	$ 10
Total exposure amount	$ 10
Railcar Lessors Obligations [Member] | Dakota Plains Sand [Member]
Business Acquisition [Line Items]
Indemnification percentage	50.00%
Legal Expenses [Member] | Dakota Plains Sand [Member]
Business Acquisition [Line Items]
Indemnification percentage	50.00%

Commitments And Contingencies (

Commitments And Contingencies (Details) $ in Millions	Dec. 05, 2014USD ($)item	Jul. 29, 2013item	Jul. 15, 2013item	Jul. 06, 2013item	Jun. 30, 2015item	Jun. 30, 2015USD ($)item
Loss Contingencies [Line Items]
Number of tanker-cars				72
Number of plaintiffs			4
Number of third parties						30
Number of defendants		8
Number of individuals		20
Number of additional complaints filed					17
Number of class actions					2
Barrels of Oil				50,000
WFS [Member]
Loss Contingencies [Line Items]
Settlement payment | $						$ 110
Dakota Plains Sand [Member]
Loss Contingencies [Line Items]
Total exposure amount | $	$ 10
Dakota Plains Sand [Member] | Railcar Lessors Obligations [Member]
Loss Contingencies [Line Items]
Indemnification percentage	50.00%
Dakota Plains Sand [Member] | Legal Expenses [Member]
Loss Contingencies [Line Items]
Indemnification percentage	50.00%
Dakota Plains Sand [Member] | Maximum [Member]
Loss Contingencies [Line Items]
Barrels of Oil	80,000
Total exposure amount | $	$ 10

Uncategorized Items - dakp-2015

Label	Element	Value
Depreciation, Depletion and Amortization, Nonproduction	us-gaap_DepreciationAndAmortization	$ 1,086,271
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	us-gaap_ProfitLoss	981,894
Dakota Petroleum Transport Solutions Marketing Llc [Member]
Income (Loss) from Equity Method Investments	us-gaap_IncomeLossFromEquityMethodInvestments	(1,669,846)
Dakota Plains Services Llc [Member]
Income (Loss) from Equity Method Investments	us-gaap_IncomeLossFromEquityMethodInvestments	$ 303,226