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REVENUES
12 Months Ended
Dec. 31, 2019
Revenue from Contract with Customer [Abstract]  
REVENUES
REVENUES

Disaggregation of Revenue

The following table presents our revenues disaggregated by revenue source:


 
Year ended December 31, 2019
 
Black Oil
 
Refining & Marketing
 
Recovery
 
Total
Primary Geographical Markets
 
 
 
 
 
 
 
Northern United States
$
42,195,020

 
$

 
$

 
$
42,195,020

Southern United States
97,074,144

 
12,957,767

 
11,138,634

 
121,170,545

 
$
139,269,164

 
$
12,957,767

 
$
11,138,634

 
$
163,365,565

Sources of Revenue
 
 
 
 
 
 
 
Petroleum products
$
139,269,164

 
$
12,957,767

 
$
2,666,077

 
$
154,893,008

Metals

 

 
8,472,557

 
8,472,557

Total revenues
$
139,269,164

 
$
12,957,767

 
$
11,138,634

 
$
163,365,565



 
Year ended December 31, 2018
 
Black Oil
 
Refining & Marketing
 
Recovery
 
Total
Primary Geographical Markets
 
 
 
 
 
 
 
Northern United States
$
41,207,747

 
$

 
$

 
$
41,207,747

Southern United States
102,629,234

 
22,935,482

 
13,948,198

 
139,512,914

 
$
143,836,981

 
$
22,935,482

 
$
13,948,198

 
$
180,720,661

Sources of Revenue
 
 
 
 
 
 
 
Petroleum products
$
143,836,981

 
$
22,935,482

 
$
1,960,915

 
$
168,733,378

Metals

 

 
11,987,283

 
11,987,283

Total revenues
$
143,836,981

 
$
22,935,482

 
$
13,948,198

 
$
180,720,661




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.