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REVENUES
6 Months Ended
Jun. 30, 2020
Revenue from Contract with Customer [Abstract]  
REVENUES REVENUES

Disaggregation of Revenue

The following table presents our revenues disaggregated by revenue source:
 
Three Months Ended June 30, 2020
 
Black Oil
 
Refining & Marketing
 
Recovery
 
Total
Primary Geographical Markets
 
 
 
 
 
 
 
Northern United States
$
6,167,062

 
$

 
$

 
$
6,167,062

Southern United States
5,376,073

 
6,297,328

 
3,533,664

 
15,207,065

 
$
11,543,135

 
$
6,297,328

 
$
3,533,664

 
$
21,374,127

Sources of Revenue
 
 
 
 
 
 
 
Petroleum products
$
11,543,135

 
$
6,297,328

 
$
553,783

 
$
18,394,246

Metals

 

 
2,979,881

 
2,979,881

Total revenues
$
11,543,135

 
$
6,297,328

 
$
3,533,664

 
$
21,374,127


 
Six Months Ended June 30, 2020
 
Black Oil
 
Refining & Marketing
 
Recovery
 
Total
Primary Geographical Markets
 
 
 
 
 
 
 
Northern United States
$
15,725,631

 
$

 
$

 
$
15,725,631

Southern United States
25,348,876

 
8,807,921

 
7,695,128

 
41,851,925

 
$
41,074,507

 
$
8,807,921

 
$
7,695,128

 
$
57,577,556

Sources of Revenue
 
 
 
 
 
 
 
Petroleum products
$
41,074,507

 
$
8,807,921

 
$
1,306,564

 
$
51,188,992

Metals

 

 
6,388,564

 
6,388,564

Total revenues
$
41,074,507

 
$
8,807,921

 
$
7,695,128

 
$
57,577,556


 
Three Months Ended June 30, 2019
 
Black Oil
 
Refining & Marketing
 
Recovery
 
Total
Primary Geographical Markets
 
 
 
 
 
 
 
Northern United States
$
9,880,565

 
$

 
$

 
$
9,880,565

Southern United States
28,027,246

 
3,277,402

 
2,472,079

 
33,776,727

 
$
37,907,811

 
$
3,277,402

 
$
2,472,079

 
$
43,657,292

Sources of Revenue
 
 
 
 
 
 
 
Petroleum products
$
37,907,811

 
$
3,277,402

 
$
642,596

 
$
41,827,809

Metals

 

 
1,829,483

 
1,829,483

Total revenues
$
37,907,811

 
$
3,277,402

 
$
2,472,079

 
$
43,657,292


 
Six Months Ended June 30, 2019
 
Black Oil
 
Refining & Marketing
 
Recovery
 
Total
Primary Geographical Markets
 
 
 
 
 
 
 
Northern United States
$
19,204,348

 
$

 
$

 
$
19,204,348

Southern United States
51,518,650

 
6,136,023

 
6,118,983

 
63,773,656

 
$
70,722,998

 
$
6,136,023

 
$
6,118,983

 
$
82,978,004

Sources of Revenue
 
 
 
 
 
 
 
Petroleum products
$
70,722,998

 
$
6,136,023

 
$
1,854,113

 
$
78,713,134

Metals

 

 
4,264,870

 
4,264,870

Total revenues
$
70,722,998

 
$
6,136,023

 
$
6,118,983

 
$
82,978,004



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 metal items.  These materials are segregated, processed, cut-up and sent back to a steel mill for re-purposing.