Note 5 - Discontinued Operations (Tables)

12 Months Ended

Dec. 31, 2021

Notes Tables

Disposal Groups, Including Discontinued Operations [Table Text Block]

Assets and Liabilities of Discontinued Operations (in thousands)	As of December 31, 2020
	Crude Oil Trucking Services		Crude Oil Pipeline Services		Crude Oil Terminalling Services		Total
ASSETS
Accounts receivable, net	$	81	$	13,711	$	167	$	13,959
Plant, property, and equipment		442		23,541		52,854		76,837
Other assets		331		547		5,271		6,149
Total assets of discontinued operations	$	854	$	37,799	$	58,292	$	96,945
LIABILITIES
Current liabilities	$	1,017	$	14,921	$	1,310	$	17,248
Total liabilities of discontinued operations	$	1,017	$	14,921	$	1,310	$	17,248

Assets and Liabilities of Discontinued Operations (in thousands)	As of December 31, 2021
	Crude Oil Trucking Services		Crude Oil Pipeline Services		Crude Oil Terminalling Services		Total
ASSETS
Other Assets	$	-	$	1	$	1	$	2
Total assets of discontinued operations	$	-	$	1	$	1	$	2
LIABILITIES
Current liabilities	$	12	$	218	$	10	$	240
Total liabilities of discontinued operations	$	12	$	218	$	10	$	240

Statement of Operations for Discontinued Operations (in thousands)
	Year ended December 31, 2020
	Crude Oil Trucking Services			Crude Oil Pipeline Services			Crude Oil Terminalling Services			Total
Revenue:
Third-party service revenue	$	5,293		$	1,689		$	16,856		$	23,838
Intercompany service revenue		5,587			-			-			5,587
Third-party product sales revenue		-			157,544			-			157,544
Costs and expenses:
Operating expense		12,386			13,427			8,561			34,374
Intercompany operating expense		-			5,587			-			5,587
Cost of product sales		-			52,624			-			52,624
Cost of product sales from related party		-			86,247			-			86,247
General and administrative expense		284			385			-			669
Asset impairment expense		1,330			2,821			2,266			6,417
Gain on sale of assets		(11	)		(445	)		(734	)		(1,190	)
Interest expense		11			960			4,348			5,319
Loss on disposal/classification as held for sale(1)		1,847			37,249			-			39,096
Income (loss) before income taxes		(4,967	)		(39,622	)		2,415			(42,174	)
Provision for income taxes		3			(2	)		-			1
Net income (loss) from discontinued operations	$	(4,970	)	$	(39,620	)	$	2,415		$	(42,175	)

Statement of Operations for Discontinued Operations (in thousands)	Year ended December 31, 2021
	Crude Oil Trucking Services			Crude Oil Pipeline Services			Crude Oil Terminalling Services			Total
Revenue:
Third-party service revenue	$	9		$	535		$	5,097		$	5,641
Intercompany service revenue		409			-			-			409
Third-party product sales revenue		-			15,591			-			15,591
Costs and expenses:
Operating expense		1,416			1,564			2,189			5,169
Intercompany operating expense		-			409			-			409
Cost of product sales		-			4,994			-			4,994
Cost of product sales from related party		-			9,461			-			9,461
General and administrative expense		61			112			-			173
Tangible asset impairment expense		92			40			23			155
(Gain) loss on disposal of assets		23			(1,720	)		(73,499	)		(75,196	)
Interest expense		-			72			635			707
Income (loss) before income taxes		(1,174	)		1,194			75,749			75,769
Provision for income taxes		(3	)		-			-			(3	)
Net income (loss) from discontinued operations	$	(1,171	)	$	1,194		$	75,749		$	75,772

Select Cash Flow Information (in thousands)
	Crude Oil Trucking Services		Crude Oil Pipeline Services		Crude Oil Terminalling Services		Total
	Year ended December 31, 2020
Depreciation and amortization	$	719	$	4,550	$	4,383	$	9,652
Capital expenditures	$	2,074	$	4,555	$	720	$	7,349
	Year ended December 31, 2021
Amortization	$	3	$	14	$	41	$	58
Capital expenditures	$	-	$	30	$	106	$	136