XML 16 R5.htm IDEA: XBRL DOCUMENT v3.21.2
CONSOLIDATED STATEMENTS OF EQUITY - USD ($)
Total
Series A Preferred
Series B1 Preferred Stock
Series B Preferred Stock
Common Stock
Common Stock
Series A Preferred
Common Stock
Series B1 Preferred Stock
Common Stock
Series B Preferred Stock
Preferred stock
Series A Preferred
Preferred stock
Series C Preferred
Additional Paid-In Capital
Additional Paid-In Capital
Series B1 Preferred Stock
Additional Paid-In Capital
Series B Preferred Stock
Retained Earnings
Non-controlling Interest
Beginning balance (in shares) at Dec. 31, 2019         43,395,563       419,859 0          
Beginning balance at Dec. 31, 2019 $ 23,102,026       $ 43,396       $ 420 $ 0 $ 81,527,351     $ (59,246,514) $ 777,373
Increase (Decrease) in Stockholders' Equity                              
Purchase of shares of consolidated subsidiary (71,171)                   (71,171)        
Share based compensation expense 163,269                   163,269        
Adjustment of carrying amount of non-controlling interest 9,091,068                   9,091,068        
Conversion of Series B/B-1 Preferred stock to common (in shares)         2,159,278                    
Conversion of Series B/B-1 Preferred stock to common 3,368,474       $ 2,159           3,366,315        
Dividends on Series B and B1 (344,499)                         (344,499)  
Accretion of discount on Series B and B1 (932,003)                         (932,003)  
Accretion of redeemable non-controlling interest to redemption value (10,966,349)                         (10,966,349)  
Net income (loss) 2,390,251                         2,788,860 (398,609)
Less: amount attributable to redeemable non-controlling interest 517,877                           517,877
Ending balance (in shares) at Mar. 31, 2020         45,554,841       419,859 0          
Ending balance at Mar. 31, 2020 26,318,943       $ 45,555       $ 420 $ 0 94,076,832     (68,700,505) 896,641
Beginning balance (in shares) at Dec. 31, 2019         43,395,563       419,859 0          
Beginning balance at Dec. 31, 2019 23,102,026       $ 43,396       $ 420 $ 0 81,527,351     (59,246,514) 777,373
Increase (Decrease) in Stockholders' Equity                              
Adjustment of carrying amount of non-controlling interest 9,091,068                            
Accretion of discount on Series B and B1     $ (646,031) $ (854,364)                      
Net income (loss) (8,453,392)                            
Ending balance (in shares) at Sep. 30, 2020         45,554,841       419,859 0          
Ending balance at Sep. 30, 2020 11,179,859       $ 45,555       $ 420 $ 0 94,404,520     (84,323,362) 1,052,726
Beginning balance (in shares) at Mar. 31, 2020         45,554,841       419,859 0          
Beginning balance at Mar. 31, 2020 26,318,943       $ 45,555       $ 420 $ 0 94,076,832     (68,700,505) 896,641
Increase (Decrease) in Stockholders' Equity                              
Share based compensation expense 156,539                   156,539        
Dividends on Series B and B1 (360,217)                         (360,217)  
Accretion of discount on Series B and B1 (539,235)                         (539,235)  
Accretion of redeemable non-controlling interest to redemption value (1,381,889)                         (1,381,889)  
Net income (loss) (8,888,473)                         (8,997,638) 109,165
Less: amount attributable to redeemable non-controlling interest (127,044)                           (127,044)
Ending balance (in shares) at Jun. 30, 2020         45,554,841       419,859 0          
Ending balance at Jun. 30, 2020 15,178,624       $ 45,555       $ 420 $ 0 94,233,371     (79,979,484) 878,762
Increase (Decrease) in Stockholders' Equity                              
Share based compensation expense 171,149                   171,149        
Accretion of redeemable non-controlling interest to redemption value (1,287,559)                         (1,287,559)  
Dividends on Series B and B1 (591,777)                         (591,777)  
Accretion of discount on Series B and B1 (29,157)                         (29,157)  
Net income (loss) (1,955,170)                         (2,435,385) 480,215
Less: amount attributable to redeemable non-controlling interest (306,251)                           (306,251)
Ending balance (in shares) at Sep. 30, 2020         45,554,841       419,859 0          
Ending balance at Sep. 30, 2020 11,179,859       $ 45,555       $ 420 $ 0 94,404,520     (84,323,362) 1,052,726
Beginning balance (in shares) at Dec. 31, 2020         45,554,841       419,859 0          
Beginning balance at Dec. 31, 2020 5,924,749       $ 45,555       $ 420 $ 0 94,569,674     (90,008,778) 1,317,878
Increase (Decrease) in Stockholders' Equity                              
Exercise of options/B1 warrants (in shares)         22,992   1,079,753                
Exercise of options/ B1 warrants 0   2,757,957   $ 23   $ 1,080       (23) $ 2,756,877      
Exchanges of Series B Preferred stock to common (in shares)         2,359,494                    
Exchanges of Series B Preferred stock to common 4,747,250       $ 2,359           4,114,570     630,321  
Share based compensation expense 150,514                   150,514        
Conversion of Series B/B-1 Preferred stock to common (in shares)             2,087,195 638,224              
Conversion of Series B/B-1 Preferred stock to common     3,256,024 1,978,494     $ 2,087 $ 638       3,253,937 $ 1,977,856    
Dividends on Series B and B1 (372,183)                         (372,183)  
Accretion of discount on Series B and B1 (223,727)                         (223,727)  
Accretion of redeemable non-controlling interest to redemption value (373,748)                         (373,748)  
Net income (loss) 2,965,338                         974,369 1,990,969
Less: amount attributable to redeemable non-controlling interest (1,542,402)                           (1,542,402)
Ending balance (in shares) at Mar. 31, 2021         51,742,499       419,859 0          
Ending balance at Mar. 31, 2021 19,268,266       $ 51,742       $ 420 $ 0 106,823,405     (89,373,746) 1,766,445
Beginning balance (in shares) at Dec. 31, 2020         45,554,841       419,859 0          
Beginning balance at Dec. 31, 2020 5,924,749       $ 45,555       $ 420 $ 0 94,569,674     (90,008,778) 1,317,878
Increase (Decrease) in Stockholders' Equity                              
Exercise of options/B1 warrants (in shares)         1,795,840                    
Accretion of discount on Series B and B1     (507,282) 0                      
Net income (loss) (2,346,808)                            
Ending balance (in shares) at Sep. 30, 2021         63,003,766       385,601 0          
Ending balance at Sep. 30, 2021 37,341,970       $ 63,004       $ 386 $ 0 136,905,764     (101,475,299) 1,848,115
Beginning balance (in shares) at Mar. 31, 2021         51,742,499       419,859 0          
Beginning balance at Mar. 31, 2021 19,268,266       $ 51,742       $ 420 $ 0 106,823,405     (89,373,746) 1,766,445
Increase (Decrease) in Stockholders' Equity                              
Exercise of options/B1 warrants (in shares)         505,376   156,792                
Exercise of options/ B1 warrants 229,512   1,634,566   $ 505   $ 157       229,007 1,634,409      
Stock Unissued During Period Value Exercise Of B1 Warrants     1,185,831                 1,185,831      
Exercise of options to common- unissued 474,866                   474,866        
Leverage Lubricants contribution (13,491)                           (13,491)
Share based compensation expense 205,039                   205,039        
Conversion of Series A Preferred stock to common (in shares)           28,257     (28,257)            
Conversion of Series A Preferred stock to common   $ 0       $ 28     $ (28)            
Conversion of Series B/B-1 Preferred stock to common (in shares)             5,634,889 1,841,406              
Conversion of Series B/B-1 Preferred stock to common     8,790,417 5,708,359     $ 5,635 $ 1,842       8,784,782 5,706,517    
Conversion of Series B Preferred stock to common-unissued       759,983                 759,983    
Accretion of discount on Series B and B1 (283,555)                         (283,555)  
Accretion of redeemable non-controlling interest to redemption value (388,245)                         (388,245)  
Net income (loss) (15,956,662)                         (19,374,569) 3,417,907
Less: amount attributable to redeemable non-controlling interest (3,111,743)                           (3,111,743)
Ending balance (in shares) at Jun. 30, 2021         59,909,219       391,602 0          
Ending balance at Jun. 30, 2021 18,503,143       $ 59,909       $ 392 $ 0 125,803,839     (109,420,115) 2,059,118
Increase (Decrease) in Stockholders' Equity                              
Exercise of options/B1 warrants (in shares)         1,267,472   1,575,918                
Exercise of options/ B1 warrants 1,482,387   $ 9,362,629   $ 1,268   $ 1,576       1,481,119 $ 9,361,053      
Exercise of options to common- unissued 2,925                   2,925        
Leverage Lubricants contribution 2,260                           2,260
Distribution from VRM LA (169,368)                           (169,368)
Share based compensation expense 257,073                   257,073        
Conversion of Series A Preferred stock to common (in shares)           6,001     (6,001)            
Conversion of Series A Preferred stock to common   $ 0       $ 6     $ (6)            
Conversion of Series B/B-1 Preferred stock to common (in shares)               245,156              
Conversion of Series B/B-1 Preferred stock to common       $ 0       $ 245         $ (245)    
Accretion of redeemable non-controlling interest to redemption value (414,690)                         (414,690)  
Net income (loss) 10,644,516                         8,359,506 2,285,010
Less: amount attributable to redeemable non-controlling interest (2,328,905)                           (2,328,905)
Ending balance (in shares) at Sep. 30, 2021         63,003,766       385,601 0          
Ending balance at Sep. 30, 2021 $ 37,341,970       $ 63,004       $ 386 $ 0 $ 136,905,764     $ (101,475,299) $ 1,848,115