v3.20.4
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Revenue $ 244,007 $ 514,757
Costs and expenses:    
Depreciation and amortization 80,353 154,149
Selling, general and administrative expenses 43,632 31,856
Impairment of long-lived assets 147,543  
Loss on disposal of assets 7,112 20,065
Loss from operations (222,436) (75,270)
Interest expense, net (25,209) (30,099)
Loss on extinguishment of debt   (12,558)
Other income 108 1,768
Loss before income taxes (247,537) (116,159)
Income tax benefit (824) (77)
Net loss (246,713) (116,082)
Net loss attributable to noncontrolling interest (11,048) (22,169)
Net loss attributable to U.S. Well Services, Inc. (235,665) (93,913)
Deemed and imputed dividends on Series A preferred stock (11,666) (11,206)
Deemed dividends on Series B preferred stock (564)  
Net loss attributable to U.S. Well Services, Inc.common stockholders $ (257,158) $ (109,169)
Loss per common share (See Note 12):    
Basic and diluted $ (3.88) $ (2.11)
Weighted average common shares outstanding:    
Basic and diluted 64,791,247 50,243,506
Series A Convertible Redeemable Preferred Stock [Member]    
Costs and expenses:    
Dividends accrued on preferred stock $ (7,214) $ (4,050)
Series B Convertible Redeemable Preferred Stock [Member]    
Costs and expenses:    
Dividends accrued on preferred stock (2,049)  
Service [Member]    
Costs and expenses:    
Cost of services (excluding depreciation and amortization) $ 187,803 $ 383,957

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