Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Income Statement [Abstract]    
Revenue $ 41,150 $ 76,258
Costs and expenses:    
Cost of services (excluding depreciation and amortization) 40,723 62,631
Depreciation and amortization 5,700 11,106
Selling, general and administrative expenses 8,372 7,390
Loss on disposal of assets 3,056 2,436
Loss from operations (16,701) (7,305)
Interest expense, net (7,968) (6,183)
Change in fair value of warrant liabilities (746) (7,151)
Loss on extinguishment of debt, net (1,651) 0
Other income 1,321 29
Loss before income taxes (25,745) (20,610)
Net loss (25,745) (20,610)
Net loss attributable to noncontrolling interest   (44)
Net loss attributable to U.S. Well Services, Inc. (25,745) (20,566)
Dividends accrued on Series A preferred stock (1,091) (1,813)
Dividends accrued on Series B preferred stock   (711)
Deemed and imputed dividends on Series A preferred stock 0 (464)
Deemed dividends on Series B preferred stock 0 (4,168)
Net loss attributable to U.S. Well Services, Inc. common stockholders $ (26,836) $ (27,722)
Loss per common share (See Note 15):    
Basic and diluted $ (0.45) $ (1.21)
Weighted average common shares outstanding:    
Basic and diluted 59,765,522 22,564,884