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SEGMENT REPORTING
6 Months Ended
Jun. 30, 2018
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 and six months ended June 30, 2018 and 2017 is as follows:


THREE MONTHS ENDED JUNE 30, 2018
 
 
Black Oil
 
Refining &
Marketing
 
Recovery
 
Total
Revenues
 
$
38,469,131

 
$
4,392,870

 
$
4,055,769

 
$
46,917,770

 
 
 
 
 
 
 
 
 
Income (loss) from operations
 
$
2,969,532

 
$
(357,656
)
 
$
411,969

 
$
3,023,845


THREE MONTHS ENDED JUNE 30, 2017
 
 
Black Oil
 
Refining &
Marketing
 
Recovery
 
Total
Revenues
 
$
27,384,402

 
$
5,186,358

 
$
4,342,019

 
$
36,912,779

 
 
 
 
 
 
 
 
 
Income (loss) from operations
 
$
(1,376,897
)
 
$
(228,256
)
 
$
46,976

 
$
(1,558,177
)

SIX MONTHS ENDED JUNE 30, 2018
 
 
Black Oil
 
Refining &
Marketing
 
Recovery
 
Total
Revenues
 
$
70,706,377

 
$
10,068,111

 
$
7,511,477

 
$
88,285,965

 
 
 
 
 
 
 
 
 
Income (loss) from operations
 
$
2,210,180

 
$
(701,040
)
 
$
498,208

 
$
2,007,348


SIX MONTHS ENDED JUNE 30, 2017
 
 
Black Oil
 
Refining &
Marketing
 
Recovery
 
Total
Revenues
 
$
52,188,485

 
$
10,580,399

 
$
8,914,509

 
$
71,683,393

 
 
 
 
 
 
 
 
 
Income (loss) from operations
 
$
(4,047,001
)
 
$
(212,550
)
 
$
(59,463
)
 
$
(4,319,014
)