XML 15 R4.htm IDEA: XBRL DOCUMENT v3.21.2
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Sep. 30, 2021
Sep. 30, 2020
Revenues:        
Revenue $ 3,027,000 $ 1,764,000 $ 11,257,000 $ 13,291,000
Expenses:        
Cost of revenue 3,678,000 2,473,000 12,482,000 14,268,000
Sales, general, and administrative expenses 907,000 1,049,000 2,904,000 4,058,000
Severance and transition costs 0 0 0 139,000
Loss on disposal of equipment 0 21,000 70,000 59,000
Depreciation and amortization 1,302,000 1,271,000 3,975,000 3,977,000
Total operating expenses 5,887,000 4,814,000 19,431,000 22,501,000
Loss from operations (2,860,000) (3,050,000) (8,174,000) (9,210,000)
Other (expense) income:        
Interest expense (6,000) (477,000) (50,000) (1,665,000)
Gain on restructuring of senior revolving credit facility (Note 5) 0 11,916,000 0 11,916,000
Other income 2,689,000 29,000 4,276,000 125,000
Total other income 2,683,000 11,468,000 4,226,000 10,376,000
(Loss) income from continuing operations before taxes (177,000) 8,418,000 (3,948,000) 1,166,000
Income tax expense 0 (6,000) 0 (15,000)
(Loss) income from continuing operations (177,000) 8,412,000 (3,948,000) 1,151,000
(Loss) income from discontinued operations 0 (7,000) (8,000) 60,000
Net (loss) income $ (177,000) $ 8,405,000 $ (3,956,000) $ 1,211,000
(Loss) income from continuing operations per common share - basic and diluted (in dollars per share) $ (0.02) $ 2.15 $ (0.37) $ 0.31
Income from discontinued operations per common share - basic and diluted (in dollars per share) 0 0 0 0.01
Net (loss) income per share - basic and diluted (in dollars per share) $ (0.02) $ 2.15 $ (0.37) $ 0.32
Weighted average number of common shares outstanding - basic and diluted (in shares) 11,433 3,910 10,692 3,768
Production Services [Member]        
Revenues:        
Revenue $ 2,483,000 $ 1,363,000 $ 6,556,000 $ 5,948,000
Expenses:        
Cost of revenue 2,489,000 1,347,000 6,802,000 6,655,000
Depreciation and amortization 639,000 496,000 1,739,000 1,813,000
Completion Services [Member]        
Revenues:        
Revenue 544,000 401,000 4,701,000 7,343,000
Expenses:        
Cost of revenue 1,189,000 1,126,000 5,680,000 7,613,000
Depreciation and amortization $ 562,000 $ 655,000 $ 1,935,000 $ 1,869,000