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CONCENTRATIONS, SIGNIFICANT CUSTOMERS, COMMITMENTS AND CONTINGENCIES (Tables)
12 Months Ended
Dec. 31, 2017
Concentrations, Significant Customers, Commitments And Contingencies Disclosure [Abstract]  
Schedule of Concentrations
For the years ended December 31, 2017 and 2016, the Company’s revenues and receivables were comprised of the following customer concentrations:
 
2017
 
2016
 
% of
Revenues
 
% of
Receivables
 
% of
Revenues
 
% of
Receivables
Customer 1
17%
 
10%
 
7%
 
—%
Customer 2
14%
 
—%
 
19%
 
—%
Customer 3
13%
 
7%
 
9%
 
9%
Customer 4
9%
 
11%
 
8%
 
4%
Customer 5
2%
 
15%
 
—%
 
—%
Customer 6
3%
 
2%
 
11%
 
10%
Customer 7
4%
 
—%
 
5%
 
10%
Schedule of Segment Revenues
At December 31, 2017 and 2016, and for the years then ended, the Company's segment revenues were comprised of the following customer concentrations:
 
% of Revenue by Segment 2017
 
% of Revenue by Segment 2016
 
Black Oil
 
Refining
 
Recovery
 
Black Oil
 
Refining
 
Recovery
Customer 1
100
%
 
%
 
%
 
100
%
 
%
 
%
Customer 2
100
%
 
%
 
%
 
100
%
 
%
 
%
Customer 3
100
%
 
%
 
%
 
100
%
 
%
 
%
Customer 4
%
 
100
%
 
%
 
%
 
100
%
 
%
Customer 5
100
%
 
%
 
%
 
%
 
%
 
%
Customer 6
100
%
 
%
 
%
 
100
%
 
%
 
%
Customer 7
%
 
%
 
100
%
 
%
 
%
 
100
%
The Company’s reportable segments include the Black Oil, Refining and Marketing and Recovery divisions.  Segment information for the years ended December 31, 2017 and 2016 are as follows:
YEAR ENDED DECEMBER 31, 2017
 
 
Black Oil
 
Refining and Marketing
 
Recovery
 
Total
Revenues
 
$
107,988,551

 
$
20,097,325

 
$
17,413,216

 
$
145,499,092

Net income (loss) from operations
 
$
(5,678,768
)
 
$
(1,195,946
)
 
$
651,627

 
$
(6,223,087
)
Total assets
 
$
75,709,845

 
$
3,454,010

 
$
5,141,619

 
$
84,305,474

 
 
 
 
 
 
 
 
 
YEAR ENDED DECEMBER 31, 2016
 
 
Black Oil
 
Refining and Marketing
 
Recovery
 
Total
Revenues
 
$
76,634,940

 
$
13,154,777

 
$
8,289,197

 
$
98,078,914

Net loss from operations
 
$
(8,849,055
)
 
$
(402,317
)
 
$
(861,142
)
 
$
(10,112,514
)
Total assets
 
$
80,774,533

 
$
1,573,395

 
$
4,638,040

 
$
86,985,968

 
 
 
 
 
 
 
 
 
Schedule of Operating Leases Rent Expense
Total rent expense for all operating leases for 2017 and 2016 is summarized as follows:
 
2017
 
2016
Office leases
$
744,154

 
$
875,320

Plant Leases
4,123,600

 
4,052,250

Vehicle and equipment leases
363,616

 
365,877

 
$
5,231,370

 
$
5,293,447

Schedule of Future Minimum Operating Lease Commitments
Minimum future lease commitments as of December 31, 2017, are summarized as follows:
Year ending December 31,
Office Facilities
 
Vehicles
Plant Leases
 
Total
2018
$
474,927

 
$
277,203

$
1,780,000

 
$
2,532,130

2019
454,427

 
219,494

648,000

 
1,321,921

2020
379,567

 
161,538

648,000

 
1,189,105

2021
354,462

 
161,538

648,000

 
1,164,000

2022
323,754

 
31,094

270,000

 
624,848

Thereafter
3,275,000

 


 
3,275,000

 
$
5,262,137

 
$
850,867

$
3,994,000

 
$
10,107,004