XML 46 R30.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
CONCENTRATIONS, SIGNIFICANT CUSTOMERS, COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
Dec. 31, 2019
Concentrations, Significant Customers, Commitments And Contingencies Disclosure [Abstract]  
Schedule of Revenues and Receivables Comprised of Customer Concentrations
For the years ended December 31, 2019 and 2018, the Company’s revenues and receivables were comprised of the following customer concentrations:
 
2019
 
2018
 
% of
Revenues
 
% of
Receivables
 
% of
Revenues
 
% of
Receivables
Customer 1
40%
 
36%
 
34%
 
21%
Customer 2
8%
 
14%
 
—%
 
—%
Customer 3
9%
 
—%
 
11%
 
—%
Customer 4
3%
 
7%
 
4%
 
13%
Schedule of Segment Revenues Comprised of Customer Concentrations
At December 31, 2019 and 2018, and for the years then ended, the Company's segment revenues were comprised of the following customer concentrations:
 
% of Revenue by Segment 2019
 
% of Revenue by Segment 2018
 
Black Oil
 
Refining
 
Recovery
 
Black Oil
 
Refining
 
Recovery
Customer 1
47
%
 
%
 
%
 
43
%
 
%
 
%
Customer 2
10
%
 
%
 
%
 
%
 
%
 
%
Customer 3
10
%
 
%
 
%
 
14
%
 
%
 
%
Customer 4
4
%
 
%
 
%
 
5
%
 
%
 
%
The Company’s reportable segments include the Black Oil, Refining and Marketing and Recovery segments.  Segment information for the years ended December 31, 2019 and 2018 are as follows:
YEAR ENDED DECEMBER 31, 2019
 
 
Black Oil
 
Refining and Marketing
 
Recovery
 
Total
Revenues
 
$
139,269,164

 
$
12,957,767

 
$
11,138,634

 
$
163,365,565

Income (loss) from operations
 
$
433,901

 
$
(576,487
)
 
$
(2,631,458
)
 
$
(2,774,044
)
Total assets
 
$
114,976,772

 
$
1,101,470

 
$
4,681,677

 
$
120,759,919

 
 
 
 
 
 
 
 
 
YEAR ENDED DECEMBER 31, 2018
 
 
Black Oil
 
Refining and Marketing
 
Recovery
 
Total
Revenues
 
$
143,836,981

 
$
22,935,482

 
$
13,948,198

 
$
180,720,661

Income (loss) from operations
 
$
3,561,223

 
$
(2,250,924
)
 
$
(821,951
)
 
$
488,348

Total assets
 
$
76,540,888

 
$
1,407,002

 
$
6,212,518

 
$
84,160,408