REVENUES

Disaggregation of Revenue

The following table presents our revenues disaggregated by revenue source:



	Three Months Ended September 30, 2019
	Black Oil		Refining & Marketing		Recovery		Total
Primary Geographical Markets
Northern United States	$	12,325,941	$	—	$	—	$	12,325,941
Southern United States	20,004,590		3,076,454		2,392,274		25,473,318
	$	32,330,531	$	3,076,454	$	2,392,274	$	37,799,259
Sources of Revenue
Petroleum products	$	32,330,531	$	3,076,454	$	668,249	$	36,075,234
Metals	—		—		1,724,025		1,724,025
Total revenues	$	32,330,531	$	3,076,454	$	2,392,274	$	37,799,259



	Nine Months Ended September 30, 2019
	Black Oil		Refining & Marketing		Recovery		Total
Primary Geographical Markets
Northern United States	$	31,530,289	$	—	$	—	$	31,530,289
Southern United States	71,523,240		9,212,477		8,511,257		89,246,974
	$	103,053,529	$	9,212,477	$	8,511,257	$	120,777,263
Sources of Revenue
Petroleum products	$	103,053,529	$	9,212,477	$	2,522,362	$	114,788,368
Metals	—		—		5,988,895		5,988,895
Total revenues	$	103,053,529	$	9,212,477	$	8,511,257	$	120,777,263



	Three Months Ended September 30, 2018
	Black Oil		Refining & Marketing		Recovery		Total
Primary Geographical Markets
Northern United States	$	12,361,348	$	—	$	—	$	12,361,348
Southern United States	28,038,716		7,313,630		2,919,254		38,271,600
	$	40,400,064	$	7,313,630	$	2,919,254	$	50,632,948
Sources of Revenue
Petroleum products	$	40,400,064	$	7,313,630	$	547,184	$	48,260,878
Metals	—		—		2,372,070		2,372,070
Total revenues	$	40,400,064	$	7,313,630	$	2,919,254	$	50,632,948



	Nine Months Ended September 30, 2018
	Black Oil		Refining & Marketing		Recovery		Total
Primary Geographical Markets
Northern United States	$	31,314,405	$	—	$	—	$	31,314,405
Southern United States	79,792,036		17,381,741		10,430,731		107,604,508
	$	111,106,441	$	17,381,741	$	10,430,731	$	138,918,913
Sources of Revenue
Petroleum products	$	111,106,441	$	17,381,741	$	1,607,596	$	130,095,778
Metals	—		—		8,823,135		8,823,135
Total revenues	$	111,106,441	$	17,381,741	$	10,430,731	$	138,918,913

Petroleum products- We derive a majority of our revenues from the sale of recovered/re-refined petroleum products, which include Base Oil, VGO (Vacuum Gas Oil), Pygas, Gasoline, Cutterstock and Fuel Oils.

Metals- Consist of recoverable ferrous and non-ferrous recyclable metals from manufacturing and consumption. Scrap metal can be recovered from pipes, barges, boats, building supplies, surplus equipment, tanks, and other items consisting of metal composition. These materials are segregated, processed, cut-up and sent back to a steel mill for re-purposing.