XML 64 R53.htm IDEA: XBRL DOCUMENT v3.20.2
SEGMENT REPORTING (Details) - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Segment Reporting Information        
Total revenues $ 37,383,632 $ 37,799,259 $ 94,961,188 $ 120,777,263
Cost of revenues (exclusive of depreciation and amortization shown separately below) 31,186,684 32,372,316 80,221,343 103,732,086
Depreciation and amortization attributable to costs of revenues 1,313,162 1,359,629 3,731,320 3,965,626
Gross profit 4,883,786 4,067,314 11,008,525 13,079,551
Selling, general and administrative expenses 6,241,570 6,153,184 18,972,648 17,529,784
Depreciation and amortization attributable to operating expenses 482,869 455,953 1,412,719 1,367,859
Loss from operations (1,840,653) (2,541,823) (9,376,842) (5,818,092)
Base oil        
Segment Reporting Information        
Total revenues 6,365,772 9,776,292 20,006,371 26,357,561
Pygas        
Segment Reporting Information        
Total revenues 1,184,433 2,741,557 4,815,040 7,656,125
Industrial fuel        
Segment Reporting Information        
Total revenues 103,834 1,226,573 1,397,662 7,216,133
Distillates        
Segment Reporting Information        
Total revenues 12,234,672 0 17,359,234 54,697
Oil collection services        
Segment Reporting Information        
Total revenues 2,449,454 1,953,924 5,707,017 4,261,391
Metals        
Segment Reporting Information        
Total revenues 3,160,581 1,724,025 9,549,144 5,988,895
Other Re-refinery Products        
Segment Reporting Information        
Total revenues 834,438 3,084,778 4,289,343 10,482,298
VGO/Marine fuel sales        
Segment Reporting Information        
Total revenues 11,050,448 17,292,110 31,837,377 58,760,163
Black Oil        
Segment Reporting Information        
Total revenues 19,988,122 32,330,531 61,062,628 103,053,529
Cost of revenues (exclusive of depreciation and amortization shown separately below) 14,687,141 27,663,983 46,601,716 88,374,446
Depreciation and amortization attributable to costs of revenues 1,041,719 1,073,520 2,960,699 3,122,664
Gross profit 4,259,262 3,593,028 11,500,213 11,556,419
Selling, general and administrative expenses 4,899,956 5,040,772 15,180,569 14,500,306
Depreciation and amortization attributable to operating expenses 390,105 335,105 1,072,877 1,005,315
Loss from operations (1,030,799) (1,782,849) (4,753,233) (3,949,202)
Black Oil | Base oil        
Segment Reporting Information        
Total revenues 5,632,592 9,135,650 17,914,941 23,918,490
Black Oil | Pygas        
Segment Reporting Information        
Total revenues 0 0 0 0
Black Oil | Industrial fuel        
Segment Reporting Information        
Total revenues 21,190 891,676 1,262,266 5,714,478
Black Oil | Distillates        
Segment Reporting Information        
Total revenues 0 0 0 0
Black Oil | Oil collection services        
Segment Reporting Information        
Total revenues 2,449,454 1,953,924 5,707,017 4,261,391
Black Oil | Metals        
Segment Reporting Information        
Total revenues 0 0 0 0
Black Oil | Other Re-refinery Products        
Segment Reporting Information        
Total revenues 834,438 3,057,171 4,341,027 10,399,007
Black Oil | VGO/Marine fuel sales        
Segment Reporting Information        
Total revenues 11,050,448 17,292,110 31,837,377 58,760,163
Refining & Marketing        
Segment Reporting Information        
Total revenues 13,501,749 3,076,454 22,309,670 9,212,477
Cost of revenues (exclusive of depreciation and amortization shown separately below) 13,217,757 2,511,314 21,772,587 7,767,882
Depreciation and amortization attributable to costs of revenues 121,744 147,658 341,498 431,948
Gross profit 162,248 417,482 195,585 1,012,647
Selling, general and administrative expenses 696,611 494,781 1,867,027 1,424,572
Depreciation and amortization attributable to operating expenses 72,314 100,398 278,492 301,194
Loss from operations (606,677) (177,697) (1,949,934) (713,119)
Refining & Marketing | Base oil        
Segment Reporting Information        
Total revenues 0 0 0 0
Refining & Marketing | Pygas        
Segment Reporting Information        
Total revenues 1,184,433 2,741,557 4,815,040 7,656,125
Refining & Marketing | Industrial fuel        
Segment Reporting Information        
Total revenues 82,644 334,897 135,396 1,501,655
Refining & Marketing | Distillates        
Segment Reporting Information        
Total revenues 12,234,672 0 17,359,234 54,697
Refining & Marketing | Oil collection services        
Segment Reporting Information        
Total revenues 0 0 0 0
Refining & Marketing | Metals        
Segment Reporting Information        
Total revenues 0 0 0 0
Refining & Marketing | Other Re-refinery Products        
Segment Reporting Information        
Total revenues 0 0 0 0
Refining & Marketing | VGO/Marine fuel sales        
Segment Reporting Information        
Total revenues 0 0 0 0
Recovery        
Segment Reporting Information        
Total revenues 3,893,761 2,392,274 11,588,890 8,511,257
Cost of revenues (exclusive of depreciation and amortization shown separately below) 3,281,786 2,197,019 11,847,040 7,589,758
Depreciation and amortization attributable to costs of revenues 149,699 138,451 429,123 411,014
Gross profit 462,276 56,804 (687,273) 510,485
Selling, general and administrative expenses 645,003 617,631 1,925,052 1,604,906
Depreciation and amortization attributable to operating expenses 20,450 20,450 61,350 61,350
Loss from operations (203,177) (581,277) (2,673,675) (1,155,771)
Recovery | Base oil        
Segment Reporting Information        
Total revenues 733,180 640,642 2,091,430 2,439,071
Recovery | Pygas        
Segment Reporting Information        
Total revenues 0 0 0 0
Recovery | Industrial fuel        
Segment Reporting Information        
Total revenues 0 0 0 0
Recovery | Distillates        
Segment Reporting Information        
Total revenues 0 0 0 0
Recovery | Oil collection services        
Segment Reporting Information        
Total revenues 0 0 0 0
Recovery | Metals        
Segment Reporting Information        
Total revenues 3,160,581 1,724,025 9,549,144 5,988,895
Recovery | Other Re-refinery Products        
Segment Reporting Information        
Total revenues 0 27,607 (51,684) 83,291
Recovery | VGO/Marine fuel sales        
Segment Reporting Information        
Total revenues $ 0 $ 0 $ 0 $ 0