XML 39 R11.htm IDEA: XBRL DOCUMENT v3.20.1
REVENUES
3 Months Ended
Mar. 31, 2020
Revenue from Contract with Customer [Abstract]  
REVENUES
REVENUES

Disaggregation of Revenue

The following table presents our revenues disaggregated by revenue source:
 
Three Months Ended March 31, 2020
 
Black Oil
 
Refining & Marketing
 
Recovery
 
Total
Primary Geographical Markets
 
 
 
 
 
 
 
Northern United States
$
9,558,568

 
$

 
$

 
$
9,558,568

Southern United States
19,972,802

 
2,510,593

 
4,161,466

 
26,644,861

 
$
29,531,370

 
$
2,510,593

 
$
4,161,466

 
$
36,203,429

Sources of Revenue
 
 
 
 
 
 
 
Petroleum products
$
29,531,370

 
$
2,510,593

 
$
752,783

 
$
32,794,746

Metals

 

 
3,408,683

 
3,408,683

Total revenues
$
29,531,370

 
$
2,510,593

 
$
4,161,466

 
$
36,203,429


    


 
Three Months Ended March 31, 2019
 
Black Oil
 
Refining & Marketing
 
Recovery
 
Total
Primary Geographical Markets
 
 
 
 
 
 
 
Northern United States
$
9,323,782

 
$

 
$

 
$
9,323,782

Southern United States
23,491,405

 
2,858,621

 
3,646,904

 
29,996,930

 
$
32,815,187

 
$
2,858,621

 
$
3,646,904

 
$
39,320,712

Sources of Revenue
 
 
 
 
 
 
 
Petroleum products
$
32,815,187

 
$
2,858,621

 
$
1,211,515

 
$
36,885,323

Metals

 

 
2,435,389

 
2,435,389

Total revenues
$
32,815,187

 
$
2,858,621

 
$
3,646,904

 
$
39,320,712




Petroleum products- We derive a majority of our revenues from the sale of recovered/re-refined petroleum products, which include Base Oil, VGO (Vacuum Gas Oil), Pygas, Gasoline, Cutterstock and Fuel Oils.

Metals- Consist of recoverable ferrous and non-ferrous recyclable metals from manufacturing and consumption.  Scrap metal can be recovered from pipes, barges, boats, building supplies, surplus equipment, tanks, and other metal items.  These materials are segregated, processed, cut-up and sent back to a steel mill for re-purposing.