XML 30 R18.htm IDEA: XBRL DOCUMENT v3.4.0.3
SEGMENT REPORTING
 3 Months Ended
Mar. 31, 2016
Segment Reporting [Abstract]  
SEGMENT REPORTING
SEGMENT REPORTING
 
The Company’s reportable segments include the Black Oil, Refining & Marketing and Recovery divisions. Segment information for the three months ended March 31, 2016 and 2015 is as follows:

THREE MONTHS ENDED MARCH 31, 2016
 
 
Black Oil
 
Refining &
Marketing
 
Recovery
 
Total
Revenues
 
$
10,133,494

 
$
2,626,455

 
$
1,372,655

 
$
14,132,604

 
 
 
 
 
 
 
 
 
Income (loss) from operations
 
$
(6,983,184
)
 
$
(276,304
)
 
$
(117,983
)
 
$
(7,377,471
)

THREE MONTHS ENDED MARCH 31, 2015
 
 
Black Oil
 
Refining &
Marketing
 
Recovery
 
Total
Revenues
 
$
24,913,976

 
$
8,266,120

 
$
4,504,243

 
$
37,684,339

 
 
 
 
 
 
 
 
 
Income (loss) from operations
 
$
(7,893,676
)
 
$
55,049

 
$
429,822

 
$
(7,408,805
)