v3.20.2
CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Sep. 30, 2020
Sep. 30, 2019
Revenue $ 44,042 $ 130,884 $ 195,914 $ 422,075
Costs and expenses:        
Depreciation and amortization 16,393 39,723 65,759 117,888
Selling, general and administrative expenses 6,098 8,216 30,376 24,474
Impairment of long-lived assets     147,543  
Loss on disposal of assets 755 4,976 5,852 15,884
Loss from operations (10,361) (12,823) (198,937) (44,012)
Interest expense, net (5,744) (8,449) (19,357) (21,384)
Loss on extinguishment of debt       (12,558)
Other income 30 62 81 1,774
Loss before income taxes (16,075) (21,210) (218,213) (76,180)
Income tax expense (benefit) (87) 39 (824) 469
Net loss (15,988) (21,249) (217,389) (76,649)
Net loss attributable to noncontrolling interest (51) (4,280) (10,948) (15,929)
Net loss attributable to U.S. Well Services, Inc. (15,937) (16,969) (206,441) (60,720)
Deemed and imputed dividends on Series A preferred stock (467) (4,406) (11,220) (5,966)
Net loss attributable to U.S. Well Services, Inc. common stockholders $ (18,939) $ (23,045) $ (224,458) $ (69,016)
Loss per common share (See Note 12):        
Basic and diluted $ (0.28) $ (0.45) $ (3.46) $ (1.36)
Weighted average common shares outstanding:        
Basic and diluted 66,666,994 50,249,606 63,430,713 49,182,110
Series A Convertible Redeemable Preferred Stock [Member]        
Costs and expenses:        
Dividends accrued on preferred stock $ (1,854) $ (1,670) $ (5,450) $ (2,330)
Series B Convertible Redeemable Preferred Stock [Member]        
Costs and expenses:        
Dividends accrued on preferred stock (681)   (1,347)  
Service [Member]        
Costs and expenses:        
Cost of services (excluding depreciation and amortization) $ 31,157 $ 90,792 $ 145,321 $ 307,841

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