2020 Q2 Form 10-Q Financial Statement

#000162828020012381 Filed on August 11, 2020

View on sec.gov

Income Statement

Concept 2020 Q2 2019 Q2
Revenue $21.37M $43.66M
YoY Change -51.04% -6.95%
Cost Of Revenue $22.20M $36.52M
YoY Change -39.21% -0.76%
Gross Profit -$2.063M $7.142M
YoY Change -128.89% -29.44%
Gross Profit Margin -9.65% 16.36%
Selling, General & Admin $6.031M $6.029M
YoY Change 0.03% 12.38%
% of Gross Profit 84.42%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.720M $1.780M
YoY Change -3.37% 2.3%
% of Gross Profit 24.92%
Operating Expenses $6.504M $7.810M
YoY Change -16.71% 10.03%
Operating Profit -$8.568M -$667.9K
YoY Change 1182.82% -122.09%
Interest Expense $222.2K $739.0K
YoY Change -69.93% -12.8%
% of Operating Profit
Other Income/Expense, Net -$320.8K $38.11K
YoY Change -941.64% -110.53%
Pretax Income -$8.888M -$629.8K
YoY Change 1311.4% -123.66%
Income Tax $0.00 $0.00
% Of Pretax Income
Net Earnings -$8.998M -$427.4K
YoY Change 2005.03% -116.89%
Net Earnings / Revenue -42.1% -0.98%
Basic Earnings Per Share -$0.25 -$0.03
Diluted Earnings Per Share -$0.25 -$0.03
COMMON SHARES
Basic Shares Outstanding 45.55M shares 40.29M shares
Diluted Shares Outstanding 45.55M shares 40.29M shares

Balance Sheet

Concept 2020 Q2 2019 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments $17.80M $500.0K
YoY Change 3460.0% -70.59%
Cash & Equivalents $17.75M $498.2K
Short-Term Investments
Other Short-Term Assets $2.600M $1.600M
YoY Change 62.5% 23.08%
Inventory $3.813M $5.753M
Prepaid Expenses $2.499M $1.494M
Receivables $9.163M $11.50M
Other Receivables $0.00 $200.0K
Total Short-Term Assets $33.33M $19.55M
YoY Change 70.47% -19.73%
LONG-TERM ASSETS
Property, Plant & Equipment $43.99M $46.71M
YoY Change -5.82% -3.26%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.219M $616.8K
YoY Change 97.69% -4.58%
Total Long-Term Assets $91.92M $96.93M
YoY Change -5.17% 54.85%
TOTAL ASSETS
Total Short-Term Assets $33.33M $19.55M
Total Long-Term Assets $91.92M $96.93M
Total Assets $125.3M $116.5M
YoY Change 7.53% 33.96%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $8.373M $8.273M
YoY Change 1.21% -32.74%
Accrued Expenses $2.950M $2.348M
YoY Change 25.66%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $5.100M
YoY Change -100.0% 34.21%
Long-Term Debt Due $2.814M $659.0K
YoY Change 327.08% -27.31%
Total Short-Term Liabilities $21.49M $23.24M
YoY Change -7.5% 31.54%
LONG-TERM LIABILITIES
Long-Term Debt $7.440M $14.00M
YoY Change -46.85% -3.67%
Other Long-Term Liabilities $29.10M $33.20M
YoY Change -12.35% 1283.33%
Total Long-Term Liabilities $7.440M $14.00M
YoY Change -46.85% -3.67%
TOTAL LIABILITIES
Total Short-Term Liabilities $21.49M $23.24M
Total Long-Term Liabilities $7.440M $14.00M
Total Liabilities $59.15M $71.17M
YoY Change -16.88% 103.61%
SHAREHOLDERS EQUITY
Retained Earnings -$79.98M -$55.11M
YoY Change 45.14% 31.73%
Common Stock $45.56K $40.35K
YoY Change 12.91% 20.95%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $14.30M $20.54M
YoY Change
Total Liabilities & Shareholders Equity $125.3M $116.5M
YoY Change 7.53% 33.96%

Cashflow Statement

Concept 2020 Q2 2019 Q2
OPERATING ACTIVITIES
Net Income -$8.998M -$427.4K
YoY Change 2005.03% -116.89%
Depreciation, Depletion And Amortization $1.720M $1.780M
YoY Change -3.37% 2.3%
Cash From Operating Activities $590.0K $2.520M
YoY Change -76.59% -38.24%
INVESTING ACTIVITIES
Capital Expenditures -$1.090M -$1.650M
YoY Change -33.94% 52.78%
Acquisitions
YoY Change
Other Investing Activities -$1.800M $80.00K
YoY Change -2350.0% -130.77%
Cash From Investing Activities -$2.890M -$1.570M
YoY Change 84.08% 18.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 3.750M -2.130M
YoY Change -276.06% 95.41%
NET CHANGE
Cash From Operating Activities 590.0K 2.520M
Cash From Investing Activities -2.890M -1.570M
Cash From Financing Activities 3.750M -2.130M
Net Change In Cash 1.450M -1.180M
YoY Change -222.88% -171.08%
FREE CASH FLOW
Cash From Operating Activities $590.0K $2.520M
Capital Expenditures -$1.090M -$1.650M
Free Cash Flow $1.680M $4.170M
YoY Change -59.71% -19.19%

Facts In Submission

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CY2019Q2 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.03
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.46
us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.18
CY2020Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.25
CY2019Q2 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.03
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.46
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.18
CY2020Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45554841 shares
CY2019Q2 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40294870 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45463600 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40245671 shares
CY2020Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45554841 shares
CY2019Q2 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40294870 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45463600 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40245671 shares
CY2019Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
23102026 USD
CY2020Q1 us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
71171 USD
CY2020Q1 vtnr Adjustments To Retained Earnings Reclassification From Noncontrolling Interests
AdjustmentsToRetainedEarningsReclassificationFromNoncontrollingInterests
9091068 USD
CY2020Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
163269 USD
CY2020Q1 vtnr Conversionof Preferred B1 Stockto Common Value
ConversionofPreferredB1StocktoCommonValue
3368474 USD
CY2020Q1 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
344499 USD
CY2020Q1 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
932003 USD
CY2020Q1 vtnr Redeemable Noncontrolling Interest Equity Accretion Of Redemption Value
RedeemableNoncontrollingInterestEquityAccretionOfRedemptionValue
10966349 USD
CY2020Q1 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
2908128 USD
CY2020Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
26318943 USD
CY2020Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
156539 USD
CY2020Q2 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
360217 USD
CY2020Q2 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
539235 USD
CY2020Q2 vtnr Redeemable Noncontrolling Interest Equity Accretion Of Redemption Value
RedeemableNoncontrollingInterestEquityAccretionOfRedemptionValue
1381889 USD
CY2020Q2 us-gaap Net Income Loss Including Portion Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNonredeemableNoncontrollingInterest
-9015517 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
15178624 USD
CY2018Q4 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
28809044 USD
CY2019Q1 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
143063 USD
CY2019Q1 vtnr Conversionof Preferred B1 Stockto Common Value
ConversionofPreferredB1StocktoCommonValue
150010 USD
CY2019Q1 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
406795 USD
CY2019Q2 us-gaap Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
285534 USD
CY2019Q2 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
412875 USD
CY2019Q2 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
532925 USD
CY2019Q2 us-gaap Profit Loss
ProfitLoss
-629765 USD
CY2019Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
21380055 USD
us-gaap Profit Loss
ProfitLoss
-6498222 USD
us-gaap Profit Loss
ProfitLoss
-5698760 USD
us-gaap Share Based Compensation
ShareBasedCompensation
319809 USD
us-gaap Share Based Compensation
ShareBasedCompensation
314065 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3348008 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
3517903 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
12344 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
31443 USD
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset1
0 USD
us-gaap Business Combination Contingent Consideration Arrangements Change In Amount Of Contingent Consideration Asset1
BusinessCombinationContingentConsiderationArrangementsChangeInAmountOfContingentConsiderationAsset1
15564 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
65443 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-360926 USD
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-1587782 USD
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
959077 USD
us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
4484798 USD
us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
-1069778 USD
us-gaap Gain Loss On Sale Of Commodity Contracts
GainLossOnSaleOfCommodityContracts
-4781183 USD
us-gaap Gain Loss On Sale Of Commodity Contracts
GainLossOnSaleOfCommodityContracts
967708 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
47826 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
286954 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-4986003 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
2111591 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-3711239 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-2338814 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-1834361 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
-1948771 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-269740 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-518050 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-2150272 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-187349 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
378547 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
0 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
3712167 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
543971 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
1822690 USD
us-gaap Payments To Acquire Businesses Net Of Cash Acquired
PaymentsToAcquireBusinessesNetOfCashAcquired
0 USD
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
49229 USD
us-gaap Payments To Develop Software
PaymentsToDevelopSoftware
0 USD
us-gaap Interest Paid Net
InterestPaidNet
562259 USD
us-gaap Interest Paid Net
InterestPaidNet
1221363 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
1526379 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
598226 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2419599 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
22844 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
86846 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3375454 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-2332753 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
162312 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
61638 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
4500 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
0 USD
us-gaap Payments To Minority Shareholders
PaymentsToMinorityShareholders
285534 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
21000000 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
0 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
-3276230 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
1235251 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
4374643 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
187501 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
8618202 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
1542903 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
13317899 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
-462823 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
13654612 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-2251605 USD
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4199825 USD
CY2018Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2849831 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17854437 USD
vtnr Preferred Stock Accretion Of Discount
PreferredStockAccretionOfDiscount
1471238 USD
vtnr Preferred Stock Accretion Of Discount
PreferredStockAccretionOfDiscount
1093600 USD
CY2020Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
704716 USD
CY2019Q2 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
819670 USD
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
888764 USD
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
621000 USD
vtnr Noncontrolling Interest Adjustment To Carrying Amount
NoncontrollingInterestAdjustmentToCarryingAmount
9091068 USD
vtnr Noncontrolling Interest Adjustment To Carrying Amount
NoncontrollingInterestAdjustmentToCarryingAmount
0 USD
us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
12348238 USD
us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
0 USD
CY2020Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
17754312 USD
CY2019Q2 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
498219 USD
CY2020Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
100125 USD
CY2019Q2 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
100007 USD
CY2020Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
17854437 USD
CY2019Q2 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
598226 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Use of Estimates</span></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect reported amounts of assets and liabilities, disclosure of contingent assets and liabilities, and reported amounts of revenue and expenses. Actual results could differ from these estimates. Any effects on the business, financial position or results of operations from revisions to these estimates are recorded in the period in which the facts that give rise to the revision become known.</span></div>
us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;font-weight:bold;">Reclassification of Prior Year Presentation</span></div><div style="line-height:120%;padding-bottom:16px;text-align:justify;font-size:10pt;"><span style="font-family:inherit;font-size:10pt;">Certain prior period amounts have been reclassified to conform to current period presentation. These reclassifications had no effect on the reported results of operations. </span></div>
us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
30061 USD
us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
49766 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21374127 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21374127 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
57577556 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
57577556 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
43657292 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
43657292 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
82978004 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
82978004 USD
CY2020Q2 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
9548277 USD
CY2019Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
12540553 USD
CY2020Q2 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
385069 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
402475 USD
CY2020Q2 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
9163208 USD
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
12138078 USD
CY2020Q2 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
11808680 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
18602017 USD
CY2020Q2 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
0 USD
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
47826 USD
CY2020Q2 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
11808680 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
18554191 USD
CY2020Q2 vtnr Longterm Debtand Finance Lease Liability Year One
LongtermDebtandFinanceLeaseLiabilityYearOne
3265142 USD
CY2020Q2 vtnr Longterm Debtand Finance Lease Liability Due Year Two
LongtermDebtandFinanceLeaseLiabilityDueYearTwo
7864630 USD
CY2020Q2 vtnr Longterm Debtand Finance Lease Liability Due Year Three
LongtermDebtandFinanceLeaseLiabilityDueYearThree
520468 USD
CY2020Q2 vtnr Longterm Debtand Finance Lease Liability Due Year Four
LongtermDebtandFinanceLeaseLiabilityDueYearFour
158440 USD
CY2020Q2 vtnr Longterm Debtand Finance Lease Liability Due Year Five
LongtermDebtandFinanceLeaseLiabilityDueYearFive
0 USD
CY2020Q2 vtnr Longterm Debtand Finance Lease Liability Due After Year Five
LongtermDebtandFinanceLeaseLiabilityDueAfterYearFive
0 USD
CY2020Q2 vtnr Options To Purchase
OptionsToPurchase
5104288 shares
CY2019Q2 vtnr Options To Purchase
OptionsToPurchase
3878632 shares
CY2020Q2 vtnr Warrants To Purchase
WarrantsToPurchase
8633188 shares
CY2019Q2 vtnr Warrants To Purchase
WarrantsToPurchase
7353056 shares
CY2020Q2 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
750000000 shares
CY2020Q2 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2020Q2 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
45554841 shares
CY2020Q2 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2020Q2 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
CY2020Q2 us-gaap Nonfinancial Liabilities Fair Value Disclosure
NonfinancialLiabilitiesFairValueDisclosure
381434 USD
CY2019Q4 us-gaap Nonfinancial Liabilities Fair Value Disclosure
NonfinancialLiabilitiesFairValueDisclosure
1969216 USD
CY2019Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
1969216 USD
CY2018Q4 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
1481692 USD
vtnr Fair Value Measurementwith Unobservable Inputs Reconciliation Recurring Basis Liability Changein Valuation
FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityChangeinValuation
-1587782 USD
vtnr Fair Value Measurementwith Unobservable Inputs Reconciliation Recurring Basis Liability Changein Valuation
FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityChangeinValuation
959077 USD
CY2020Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
381434 USD
CY2019Q2 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
2440769 USD
CY2020Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
21374127 USD
CY2020Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-8567699 USD
CY2019Q2 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
43657292 USD
CY2019Q2 us-gaap Operating Income Loss
OperatingIncomeLoss
-667878 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
57577556 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-7536189 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
82978004 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-3276269 USD
us-gaap Effective Income Tax Rate Continuing Operations
EffectiveIncomeTaxRateContinuingOperations
0
us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21
vtnr Numberof Quartersof Cumulative Loss
NumberofQuartersofCumulativeLoss
12 quarter
CY2020Q2 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
57300000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-6500000 USD
CY2020Q2 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
-538297 USD
CY2019Q4 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
-375850 USD
CY2020Q2 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
-538297 USD
CY2019Q4 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
-375850 USD
CY2020Q2 us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
57016 USD
CY2019Q2 us-gaap Derivative Loss On Derivative
DerivativeLossOnDerivative
310011 USD
us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
4484798 USD
us-gaap Derivative Loss On Derivative
DerivativeLossOnDerivative
1069778 USD
CY2020Q2 vtnr Finance Lease Cost
FinanceLeaseCost
73552 USD
CY2019Q2 vtnr Finance Lease Cost
FinanceLeaseCost
38633 USD
CY2020Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
22019 USD
CY2019Q2 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
12123 USD
vtnr Finance Lease Cost
FinanceLeaseCost
126673 USD
vtnr Finance Lease Cost
FinanceLeaseCost
60704 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
32938 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
17770 USD
CY2020Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
1500000 USD
CY2019Q2 us-gaap Operating Lease Cost
OperatingLeaseCost
1600000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
3000000.0 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
3100000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
900000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
1000000.0 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
162312 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
61638 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
6004500 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4992917 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4529770 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4360417 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
4360417 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
33719699 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
57967720 USD
CY2020Q2 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
23228615 USD
CY2020Q2 us-gaap Operating Lease Liability
OperatingLeaseLiability
34739105 USD
vtnr Lessee Operating Lease Number Of Renewal Options
LesseeOperatingLeaseNumberOfRenewalOptions
2 renewal_option
us-gaap Minority Interest Decrease From Redemptions
MinorityInterestDecreaseFromRedemptions
71171 USD
vtnr Adjustments To Retained Earnings Reclassification From Noncontrolling Interests
AdjustmentsToRetainedEarningsReclassificationFromNoncontrollingInterests
9091068 USD
us-gaap Proceeds From Minority Shareholders
ProceedsFromMinorityShareholders
21000000 USD
CY2020Q2 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
1381889 USD
us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
12348238 USD

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vtnr-20200630.xsd Edgar Link pending
vtnr-20200630_cal.xml Edgar Link unprocessable
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