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CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited) - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2021
Jun. 30, 2020
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS AND COMPREHENSIVE LOSS (Unaudited)        
Revenues $ 54,884,000 $ 47,824,000 $ 97,691,000 $ 87,304,000
Cost of goods sold 51,238,000 33,765,000 97,653,000 73,678,000
Gross profit 3,646,000 14,059,000 38,000 13,626,000
Research and development expenses 21,000 21,000 44,000 138,000
Selling, general and administrative expenses 5,753,000 4,049,000 11,135,000 7,985,000
Operating income (loss) (2,128,000) 9,989,000 (11,141,000) 5,503,000
Interest expense        
Interest rate expense 4,529,000 5,574,000 10,494,000 11,160,000
Debt related fees and amortization expense 690,000 614,000 1,905,000 1,904,000
Gain on debt extinguishment portions (1,134) 0 (1,134) 0
Accretion and other expenses of Series A preferred units 3,800 1,362 5,743 2,322
Other expense (income) 544,000 303,000 513,000 240,000
Income (loss) before income taxes (10,557,000) 2,136,000 (28,662,000) (10,123,000)
Income tax expense (benefit) 0 (56,000) 7,000 (263,000)
Net income (loss) (10,557,000) 2,192,000 (28,669,000) (9,860,000)
Other comprehensive loss        
Foreign currency translation loss (184,000) (27,000) (209,000) (695,000)
Comprehensive income (loss) $ (10,741,000) $ 2,165,000 $ (28,878,000) $ (10,555,000)
Net income (loss) per common share        
Basic $ (0.34) $ 0.11 $ (1.00) $ (0.48)
Diluted $ (0.34) $ 0.10 $ (1.00) $ (0.48)
Weighted average shares outstanding        
Basic 30,924 20,683 28,781 20,668
Diluted 30,924 21,152 28,781 20,668