2020 Q4 Form 10-Q Financial Statement

#000162828020016131 Filed on November 10, 2020

View on sec.gov

Income Statement

Concept 2020 Q4 2020 Q3 2019 Q3
Revenue $135.0M $16.25M $37.80M
YoY Change 217.04% -57.01% -25.35%
Cost Of Revenue $34.90M $32.50M $32.37M
YoY Change 12.4% 0.39% -24.0%
Gross Profit $16.17M $808.8K $4.067M
YoY Change 40.14% -80.11% -49.41%
Gross Profit Margin 11.98% 4.98% 10.76%
Selling, General & Admin $26.14M $1.832M $6.153M
YoY Change 293.15% -70.23% 8.74%
% of Gross Profit 161.66% 226.51% 151.28%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $1.850M $1.790M $1.810M
YoY Change 0.0% -1.1% 0.56%
% of Gross Profit 11.44% 221.31% 44.5%
Operating Expenses $26.14M $1.860M $6.609M
YoY Change 207.94% -71.86% -11.47%
Operating Profit -$11.87M -$1.051M -$2.542M
YoY Change -489.11% -58.64% -542.76%
Interest Expense -$450.0K $97.16K $826.0K
YoY Change -71.34% -88.24% 3.41%
% of Operating Profit
Other Income/Expense, Net $23.00K $1.383M
YoY Change -98.34% -146.6%
Pretax Income -$2.940M -$1.028M -$1.159M
YoY Change -314.6% -11.27% -51.59%
Income Tax $0.00 $0.00 $0.00
% Of Pretax Income
Net Earnings -$3.390M -$2.435M -$1.092M
YoY Change -337.06% 123.07% -52.28%
Net Earnings / Revenue -2.51% -14.99% -2.89%
Basic Earnings Per Share -$0.10 -$0.09
Diluted Earnings Per Share -$74.41K -$0.10 -$0.09
COMMON SHARES
Basic Shares Outstanding 45.55M shares 45.55M shares 41.38M shares
Diluted Shares Outstanding 45.55M shares 41.38M shares

Balance Sheet

Concept 2020 Q4 2020 Q3 2019 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.90M $15.60M $2.300M
YoY Change 165.85% 578.26% 27.78%
Cash & Equivalents $10.90M $15.55M $2.304M
Short-Term Investments
Other Short-Term Assets $3.300M $4.700M $6.600M
YoY Change -28.26% -28.79% 65.0%
Inventory $1.458M $3.584M $5.878M
Prepaid Expenses $2.589M $4.597M $6.535M
Receivables $5.212M $9.091M $10.41M
Other Receivables $0.00 $0.00 $200.0K
Total Short-Term Assets $29.79M $32.93M $25.43M
YoY Change 8.68% 29.48% -5.74%
LONG-TERM ASSETS
Property, Plant & Equipment $13.28M $45.27M $45.89M
YoY Change -70.34% -1.35% -4.62%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $1.009M $1.424M $616.8K
YoY Change 19.98% 130.93% -11.14%
Total Long-Term Assets $92.31M $92.23M $95.31M
YoY Change -1.11% -3.24% 53.35%
TOTAL ASSETS
Total Short-Term Assets $29.79M $32.93M $25.43M
Total Long-Term Assets $92.31M $92.23M $95.31M
Total Assets $122.1M $125.2M $120.7M
YoY Change 1.11% 3.66% 35.47%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $3.311M $8.276M $7.745M
YoY Change -56.55% 6.85% -20.97%
Accrued Expenses $1.649M $3.312M $2.275M
YoY Change -67.13% 45.58%
Deferred Revenue
YoY Change
Short-Term Debt $100.0K $0.00 $5.400M
YoY Change -96.95% -100.0% -10.0%
Long-Term Debt Due $6.712M $4.867M $2.795M
YoY Change 232.7% 74.16% 28.95%
Total Short-Term Liabilities $26.19M $23.39M $26.35M
YoY Change 5.64% -11.23% 37.63%
LONG-TERM LIABILITIES
Long-Term Debt $5.637M $8.298M $12.66M
YoY Change -54.66% -34.45% -12.61%
Other Long-Term Liabilities $28.00M $28.30M $31.40M
YoY Change -11.67% -9.87% 597.78%
Total Long-Term Liabilities $5.637M $8.298M $12.66M
YoY Change -54.66% -34.45% -12.61%
TOTAL LIABILITIES
Total Short-Term Liabilities $26.19M $23.39M $26.35M
Total Long-Term Liabilities $5.637M $8.298M $12.66M
Total Liabilities $60.81M $61.07M $71.06M
YoY Change -12.52% -14.06% 84.91%
SHAREHOLDERS EQUITY
Retained Earnings -$90.01M -$84.32M -$59.79M
YoY Change 51.92% 41.04% 31.38%
Common Stock $45.56K $45.56K $41.85K
YoY Change 4.98% 8.85% 7.75%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $4.607M $10.13M $19.97M
YoY Change
Total Liabilities & Shareholders Equity $122.1M $125.2M $120.7M
YoY Change 1.11% 3.66% 35.47%

Cashflow Statement

Concept 2020 Q4 2020 Q3 2019 Q3
OPERATING ACTIVITIES
Net Income -$3.390M -$2.435M -$1.092M
YoY Change -337.06% 123.07% -52.28%
Depreciation, Depletion And Amortization $1.850M $1.790M $1.810M
YoY Change 0.0% -1.1% 0.56%
Cash From Operating Activities -$1.430M -$2.360M -$3.600M
YoY Change -125.86% -34.44% 29.5%
INVESTING ACTIVITIES
Capital Expenditures -$2.470M -$2.640M -$870.0K
YoY Change 333.33% 203.45% 262.5%
Acquisitions
YoY Change
Other Investing Activities $40.00K $10.00K $0.00
YoY Change -71.43% -100.0%
Cash From Investing Activities -$2.420M -$2.630M -$870.0K
YoY Change 462.79% 202.3% 163.64%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities -800.0K 2.790M 6.270M
YoY Change -75.83% -55.5% 94.12%
NET CHANGE
Cash From Operating Activities -1.430M -2.360M -3.600M
Cash From Investing Activities -2.420M -2.630M -870.0K
Cash From Financing Activities -800.0K 2.790M 6.270M
Net Change In Cash -4.650M -2.200M 1.800M
YoY Change -359.78% -222.22% 1400.0%
FREE CASH FLOW
Cash From Operating Activities -$1.430M -$2.360M -$3.600M
Capital Expenditures -$2.470M -$2.640M -$870.0K
Free Cash Flow $1.040M $280.0K -$2.730M
YoY Change -82.95% -110.26% 7.48%

Facts In Submission

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NetIncomeLossIncludingPortionAttributableToNoncontrollingInterestAndRedeemableNoncontrollingInterest
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CY2020Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
480215 USD
CY2019Q3 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
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us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
190771 USD
us-gaap Net Income Loss Attributable To Noncontrolling Interest
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-374862 USD
CY2020Q3 us-gaap Net Income Loss
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CY2019Q3 us-gaap Net Income Loss
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us-gaap Net Income Loss
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us-gaap Net Income Loss
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CY2020Q3 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
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1287559 USD
CY2019Q3 us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
1849930 USD
us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
13635797 USD
us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
1849930 USD
CY2020Q3 vtnr Preferred Stock Accretion Of Discount
PreferredStockAccretionOfDiscount
29157 USD
CY2019Q3 vtnr Preferred Stock Accretion Of Discount
PreferredStockAccretionOfDiscount
550774 USD
vtnr Preferred Stock Accretion Of Discount
PreferredStockAccretionOfDiscount
1500395 USD
vtnr Preferred Stock Accretion Of Discount
PreferredStockAccretionOfDiscount
1644374 USD
CY2020Q3 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
591777 USD
CY2019Q3 us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
419096 USD
us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
1296493 USD
us-gaap Temporary Equity Dividends Adjustment
TemporaryEquityDividendsAdjustment
1238766 USD
CY2020Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-4343878 USD
CY2019Q3 us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-3911581 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-25076848 USD
us-gaap Net Income Loss Available To Common Stockholders Basic
NetIncomeLossAvailableToCommonStockholdersBasic
-11215851 USD
CY2020Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2019Q3 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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us-gaap Earnings Per Share Basic
EarningsPerShareBasic
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CY2020Q3 us-gaap Earnings Per Share Diluted
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CY2019Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
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CY2020Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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CY2019Q3 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
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us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
45494235 shares
us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
40626700 shares
CY2020Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45554841 shares
CY2019Q3 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
41376335 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
45494235 shares
us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
40626700 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 Profit Loss
ProfitLoss
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 Profit Loss
ProfitLoss
-9015517 USD
CY2020Q2 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
15178624 USD
CY2020Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
171149 USD
CY2020Q3 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
591777 USD
CY2020Q3 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
29157 USD
CY2020Q3 vtnr Redeemable Noncontrolling Interest Equity Accretion Of Redemption Value
RedeemableNoncontrollingInterestEquityAccretionOfRedemptionValue
1287559 USD
CY2020Q3 us-gaap Profit Loss
ProfitLoss
-2261421 USD
CY2020Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
11179859 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
CY2019Q1 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
560675 USD
CY2019Q1 us-gaap Profit Loss
ProfitLoss
-5068995 USD
CY2019Q1 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
23065652 USD
CY2019Q2 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
4500 USD
CY2019Q2 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
171002 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
CY2019Q3 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
2575 USD
CY2019Q3 us-gaap Adjustments To Additional Paid In Capital Sharebased Compensation Requisite Service Period Recognition Value
AdjustmentsToAdditionalPaidInCapitalSharebasedCompensationRequisiteServicePeriodRecognitionValue
159426 USD
CY2019Q3 vtnr Adjustments To Retained Earnings Reclassification From Noncontrolling Interests
AdjustmentsToRetainedEarningsReclassificationFromNoncontrollingInterests
970809 USD
CY2019Q3 us-gaap Increase In Carrying Amount Of Redeemable Preferred Stock
IncreaseInCarryingAmountOfRedeemablePreferredStock
1849930 USD
CY2019Q3 vtnr Stock And Warrants Issued During Period Value Common Stock And Warrants
StockAndWarrantsIssuedDuringPeriodValueCommonStockAndWarrants
2216711 USD
CY2019Q3 us-gaap Dividends Preferred Stock Cash
DividendsPreferredStockCash
419096 USD
CY2019Q3 us-gaap Preferred Stock Accretion Of Redemption Discount
PreferredStockAccretionOfRedemptionDiscount
550774 USD
CY2019Q3 us-gaap Profit Loss
ProfitLoss
-1129762 USD
CY2019Q3 us-gaap Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
20780014 USD
vtnr Net Income Loss Including Portion Attributable To Noncontrolling Interest And Redeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNoncontrollingInterestAndRedeemableNoncontrollingInterest
-8453392 USD
vtnr Net Income Loss Including Portion Attributable To Noncontrolling Interest And Redeemable Noncontrolling Interest
NetIncomeLossIncludingPortionAttributableToNoncontrollingInterestAndRedeemableNoncontrollingInterest
-6857643 USD
us-gaap Share Based Compensation
ShareBasedCompensation
490957 USD
us-gaap Share Based Compensation
ShareBasedCompensation
473491 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5144039 USD
us-gaap Depreciation Depletion And Amortization
DepreciationDepletionAndAmortization
5333485 USD
us-gaap Gain Loss On Disposition Of Assets1
GainLossOnDispositionOfAssets1
-124090 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
1477191 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
34127 USD
us-gaap Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
-389943 USD
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-1844369 USD
us-gaap Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
-331715 USD
us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
4489355 USD
us-gaap Unrealized Gain Loss On Derivatives And Commodity Contracts
UnrealizedGainLossOnDerivativesAndCommodityContracts
-2691833 USD
us-gaap Gain Loss On Sale Of Commodity Contracts
GainLossOnSaleOfCommodityContracts
-5484734 USD
us-gaap Gain Loss On Sale Of Commodity Contracts
GainLossOnSaleOfCommodityContracts
3446274 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
47826 USD
us-gaap Amortization Of Financing Costs And Discounts
AmortizationOfFinancingCostsAndDiscounts
430431 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
-4952388 USD
us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
987778 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-3939674 USD
us-gaap Increase Decrease In Inventories
IncreaseDecreaseInInventories
-2212989 USD
us-gaap Increase Decrease In Prepaid Expense
IncreaseDecreaseInPrepaidExpense
833485 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-367327 USD
us-gaap Increase Decrease In Accounts Payable
IncreaseDecreaseInAccountsPayable
-1046149 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-1788693 USD
us-gaap Increase Decrease In Accrued Liabilities
IncreaseDecreaseInAccruedLiabilities
-260341 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
446324 USD
us-gaap Increase Decrease In Other Operating Capital Net
IncreaseDecreaseInOtherOperatingCapitalNet
0 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
1351184 USD
us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
-3058106 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
380216 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
4170166 USD
us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
2907330 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
36465 USD
us-gaap Proceeds From Sale Of Productive Assets
ProceedsFromSaleOfProductiveAssets
86846 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
282655 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
113241 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
0 USD
us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
7075 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-6005620 USD
us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-3200700 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
3150000 USD
vtnr Proceeds From Issuance Of Common Stock And Warrant Exercises
ProceedsFromIssuanceOfCommonStockAndWarrantExercises
0 USD
vtnr Proceeds From Issuance Of Common Stock And Warrant Exercises
ProceedsFromIssuanceOfCommonStockAndWarrantExercises
2216711 USD
us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
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us-gaap Proceeds From Repayments Of Lines Of Credit
ProceedsFromRepaymentsOfLinesOfCredit
1543003 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
7992346 USD
us-gaap Proceeds From Notes Payable
ProceedsFromNotesPayable
2809139 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
9325745 USD
us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
3514365 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
16107716 USD
us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
5812788 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
11453280 USD
us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-446018 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
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15653105 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2403813 USD
us-gaap Interest Paid Net
InterestPaidNet
812887 USD
us-gaap Interest Paid Net
InterestPaidNet
1887012 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
us-gaap Income Taxes Paid Net
IncomeTaxesPaidNet
0 USD
vtnr Preferred Stock Accretion Of Discount
PreferredStockAccretionOfDiscount
1500395 USD
vtnr Preferred Stock Accretion Of Discount
PreferredStockAccretionOfDiscount
1644374 USD
CY2020Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
1296493 USD
CY2019Q3 us-gaap Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
1238766 USD
us-gaap Capital Lease Obligations Incurred
CapitalLeaseObligationsIncurred
1017638 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
970809 USD
us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
13635797 USD
us-gaap Temporary Equity Accretion To Redemption Value Adjustment
TemporaryEquityAccretionToRedemptionValueAdjustment
1849930 USD
CY2020Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
15552980 USD
CY2019Q3 us-gaap Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
2303725 USD
CY2020Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
100125 USD
CY2019Q3 us-gaap Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
100088 USD
CY2020Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
15653105 USD
CY2019Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
2403813 USD
us-gaap Asset Impairment Charges
AssetImpairmentCharges
0 USD
us-gaap Use Of Estimates
UseOfEstimates
<div style="margin-bottom:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">Use of Estimates</span></div><div style="margin-bottom:12pt;text-align:justify"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">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
Reclassification of Prior Year PresentationCertain prior period amounts have been reclassified to conform to current period presentation. These reclassifications had no effect on the reported results of operations.
us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
56971 USD
us-gaap Costs And Expenses Related Party
CostsAndExpensesRelatedParty
62239 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
37383632 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
37383632 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
94961188 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
94961188 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
37799259 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
37799259 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
120777263 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
120777263 USD
CY2020Q3 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
9441141 USD
CY2019Q4 us-gaap Accounts Receivable Gross Current
AccountsReceivableGrossCurrent
12540553 USD
CY2020Q3 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
350214 USD
CY2019Q4 us-gaap Allowance For Doubtful Accounts Receivable Current
AllowanceForDoubtfulAccountsReceivableCurrent
402475 USD
CY2020Q3 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
9090927 USD
CY2019Q4 us-gaap Accounts Receivable Net Current
AccountsReceivableNetCurrent
12138078 USD
CY2020Q3 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
14727369 USD
CY2019Q4 us-gaap Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
18602017 USD
CY2020Q3 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
0 USD
CY2019Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
47826 USD
CY2020Q3 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
14727369 USD
CY2019Q4 us-gaap Long Term Debt And Capital Lease Obligations Including Current Maturities
LongTermDebtAndCapitalLeaseObligationsIncludingCurrentMaturities
18554191 USD
CY2020Q3 vtnr Longterm Debtand Finance Lease Liability Year One
LongtermDebtandFinanceLeaseLiabilityYearOne
5357141 USD
CY2020Q3 vtnr Longterm Debtand Finance Lease Liability Due Year Two
LongtermDebtandFinanceLeaseLiabilityDueYearTwo
8750438 USD
CY2020Q3 vtnr Longterm Debtand Finance Lease Liability Due Year Three
LongtermDebtandFinanceLeaseLiabilityDueYearThree
504881 USD
CY2020Q3 vtnr Longterm Debtand Finance Lease Liability Due Year Four
LongtermDebtandFinanceLeaseLiabilityDueYearFour
114909 USD
CY2020Q3 vtnr Longterm Debtand Finance Lease Liability Due Year Five
LongtermDebtandFinanceLeaseLiabilityDueYearFive
0 USD
CY2020Q3 vtnr Longterm Debtand Finance Lease Liability Due After Year Five
LongtermDebtandFinanceLeaseLiabilityDueAfterYearFive
0 USD
CY2020Q3 vtnr Options To Purchase
OptionsToPurchase
5104288 shares
CY2019Q3 vtnr Options To Purchase
OptionsToPurchase
4218250 shares
CY2020Q3 vtnr Warrants To Purchase
WarrantsToPurchase
8633193 shares
CY2019Q3 vtnr Warrants To Purchase
WarrantsToPurchase
8853056 shares
CY2020Q3 us-gaap Nonfinancial Liabilities Fair Value Disclosure
NonfinancialLiabilitiesFairValueDisclosure
124847 USD
CY2019Q4 us-gaap Nonfinancial Liabilities Fair Value Disclosure
NonfinancialLiabilitiesFairValueDisclosure
1969216 USD
CY2020Q3 us-gaap Common Stock Shares Authorized
CommonStockSharesAuthorized
750000000 shares
CY2020Q3 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.001
CY2020Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
45554841 shares
CY2020Q3 us-gaap Common Stock Shares Outstanding
CommonStockSharesOutstanding
45554841 shares
CY2020Q3 us-gaap Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
50000000 shares
CY2020Q3 us-gaap Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
0.001
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
-1844369 USD
vtnr Fair Value Measurementwith Unobservable Inputs Reconciliation Recurring Basis Liability Changein Valuation
FairValueMeasurementwithUnobservableInputsReconciliationRecurringBasisLiabilityChangeinValuation
-331715 USD
CY2020Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
124847 USD
CY2019Q3 us-gaap Fair Value Measurement With Unobservable Inputs Reconciliations Recurring Basis Liability Value
FairValueMeasurementWithUnobservableInputsReconciliationsRecurringBasisLiabilityValue
1149977 USD
CY2020Q3 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
1313162 USD
CY2020Q3 us-gaap Gross Profit
GrossProfit
4883786 USD
us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
80221343 USD
us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
3731320 USD
CY2020Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
37383632 USD
CY2020Q3 us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
31186684 USD
CY2020Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
6241570 USD
CY2020Q3 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
482869 USD
CY2020Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-1840653 USD
CY2019Q3 us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
37799259 USD
CY2019Q3 us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
32372316 USD
CY2019Q3 us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
1359629 USD
CY2019Q3 us-gaap Gross Profit
GrossProfit
4067314 USD
CY2019Q3 us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
6153184 USD
CY2019Q3 us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
455953 USD
CY2019Q3 us-gaap Operating Income Loss
OperatingIncomeLoss
-2541823 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
94961188 USD
us-gaap Gross Profit
GrossProfit
11008525 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
18972648 USD
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
1412719 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-9376842 USD
us-gaap Revenue From Contract With Customer Excluding Assessed Tax
RevenueFromContractWithCustomerExcludingAssessedTax
120777263 USD
us-gaap Cost Of Goods And Service Excluding Depreciation Depletion And Amortization
CostOfGoodsAndServiceExcludingDepreciationDepletionAndAmortization
103732086 USD
us-gaap Cost Of Goods And Services Sold Depreciation And Amortization
CostOfGoodsAndServicesSoldDepreciationAndAmortization
3965626 USD
us-gaap Gross Profit
GrossProfit
13079551 USD
us-gaap Selling General And Administrative Expense
SellingGeneralAndAdministrativeExpense
17529784 USD
us-gaap Depreciation Amortization And Accretion Net
DepreciationAmortizationAndAccretionNet
1367859 USD
us-gaap Operating Income Loss
OperatingIncomeLoss
-5818092 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
CY2020Q3 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
55200000 USD
us-gaap Income Loss From Continuing Operations Before Income Taxes Minority Interest And Income Loss From Equity Method Investments
IncomeLossFromContinuingOperationsBeforeIncomeTaxesMinorityInterestAndIncomeLossFromEquityMethodInvestments
-8500000 USD
CY2020Q3 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
-23995 USD
CY2019Q4 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
-375850 USD
CY2020Q3 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
-23995 USD
CY2019Q4 us-gaap Derivative Assets Liabilities At Fair Value Net
DerivativeAssetsLiabilitiesAtFairValueNet
-375850 USD
CY2020Q3 us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
4557 USD
CY2019Q3 us-gaap Derivative Loss On Derivative
DerivativeLossOnDerivative
1622056 USD
us-gaap Derivative Gain On Derivative
DerivativeGainOnDerivative
4489355 USD
us-gaap Derivative Loss On Derivative
DerivativeLossOnDerivative
2691833 USD
CY2020Q3 vtnr Finance Lease Cost
FinanceLeaseCost
101841 USD
CY2019Q3 vtnr Finance Lease Cost
FinanceLeaseCost
53121 USD
CY2020Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
33077 USD
CY2019Q3 us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
12436 USD
vtnr Finance Lease Cost
FinanceLeaseCost
228514 USD
vtnr Finance Lease Cost
FinanceLeaseCost
113825 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
66014 USD
us-gaap Finance Lease Interest Expense
FinanceLeaseInterestExpense
30206 USD
CY2020Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
1500000 USD
CY2019Q3 us-gaap Operating Lease Cost
OperatingLeaseCost
1600000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
4500000 USD
us-gaap Operating Lease Cost
OperatingLeaseCost
4700000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
1600000 USD
us-gaap Operating Lease Payments
OperatingLeasePayments
1600000 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
282655 USD
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
113241 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
5830681 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
4804280 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
4463862 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
4360417 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
4360417 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
32629594 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
56449251 USD
CY2020Q3 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
22435175 USD
CY2020Q3 us-gaap Operating Lease Liability
OperatingLeaseLiability
34014076 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
CY2020Q3 us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
1287559 USD
us-gaap Minority Interest Change In Redemption Value
MinorityInterestChangeInRedemptionValue
13635797 USD

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