v3.21.1
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Revenue $ 76,258 $ 112,035
Costs and expenses:    
Depreciation and amortization 11,106 32,008
Selling, general and administrative expenses 7,390 19,058
Impairment of long-lived assets   147,543
Loss on disposal of assets 2,436 4,244
Loss from operations (7,305) (175,971)
Interest expense, net (6,183) (7,956)
Change in fair value of warrant liabilities (7,151) 6,553
Other income 29 6
Loss before income taxes (20,610) (177,368)
Income tax benefit   (750)
Net loss (20,610) (176,618)
Net loss attributable to noncontrolling interest (44) (10,800)
Net loss attributable to U.S. Well Services, Inc. (20,566) (165,818)
Deemed and imputed dividends on Series A preferred stock (464) (6,972)
Deemed dividends on Series B preferred stock (4,168)  
Net loss attributable to U.S. Well Services, Inc. common stockholders $ (27,722) $ (174,541)
Loss per common share (See Note 13):    
Basic and diluted $ (0.35) $ (2.90)
Weighted average common shares outstanding:    
Basic and diluted 78,977,100 58,619,600
Series A Convertible Redeemable Preferred Stock [Member]    
Costs and expenses:    
Dividends accrued on preferred stock $ (1,813) $ (1,751)
Deemed and imputed dividends on Series A preferred stock (464) (6,972)
Series B Convertible Redeemable Preferred Stock [Member]    
Costs and expenses:    
Dividends accrued on preferred stock (711)  
Deemed and imputed dividends on Series A preferred stock (4,168)  
Service [Member]    
Costs and expenses:    
Cost of services (excluding depreciation and amortization) $ 62,631 $ 85,153

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