For the Years Ended December 31, | For the Years Ended November 30, | One-Month Transition Period Ended December 31, | |||||||||||||||||||||
2016 | 2015 | 2014 | 2013 | 2012 | 2012 | ||||||||||||||||||
Earnings: | |||||||||||||||||||||||
Pre-tax income from continuing operations before adjustment for income or loss from equity investees | $ | 28,561,682 | $ | 11,782,422 | $ | 6,973,693 | $ | 2,967,257 | $ | 19,857,050 | $ | (515,658 | ) | ||||||||||
Fixed charges(1) | $ | 14,417,839 | $ | 9,781,184 | $ | 3,675,122 | $ | 3,288,378 | $ | 81,123 | $ | 416,137 | |||||||||||
Amortization of capitalized interest | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||
Distributed income of equity investees | $ | 1,140,824 | $ | 1,270,754 | $ | 1,836,783 | $ | 584,814 | $ | (279,395 | ) | $ | 2,325 | ||||||||||
Pre-tax losses of equity investees for which charges arising from guarantees are included in fixed charges | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||
Subtract: | |||||||||||||||||||||||
Interest capitalized | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||
Preference security dividend requirements of consolidated subsidiaries | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||
Noncontrolling interest in pre-tax income of subsidiaries that have not incurred fixed charges | $ | — | $ | — | $ | — | $ | — | $ | — | $ | — | |||||||||||
Earnings | 44,120,345 | 22,834,360 | 12,485,598 | 6,840,449 | 19,658,778 | (97,196 | ) | ||||||||||||||||
Combined Fixed Charges and Preference Dividends: | |||||||||||||||||||||||
Fixed charges(1) | $ | 14,417,839 | $ | 9,781,184 | $ | 3,675,122 | $ | 3,288,378 | $ | 81,123 | $ | 416,137 | |||||||||||
Preferred security dividend(2) | 4,148,437 | 3,848,828 | — | — | — | — | |||||||||||||||||
Combined fixed charges and preference dividends | 18,566,276 | 13,630,012 | 3,675,122 | 3,288,378 | 81,123 | 416,137 | |||||||||||||||||
Ratio of earnings to fixed charges | 3.06 | 2.33 | 3.40 | 2.08 | 242.70 | (0.23 | ) | ||||||||||||||||
Ratio of earnings to combined fixed charges and preference dividends | 2.38 | 1.68 | 3.40 | 2.08 | 242.70 | (0.23 | ) | ||||||||||||||||
Combined Fixed Charges Deficiency | (513,333 | ) | |||||||||||||||||||||
(1) | Fixed charges consist of interest expense, as defined under U.S. generally accepted accounting principles, on all indebtedness |